L&T Info to buy US-based GDA Larsen & Toubro Infotech Ltd, a subsidiary of L&T, has signed a definitive agreement to acquire GDA Technologies, including all its design centres in the US and India. GDA, a...
CI OEN to sell automotive connector biz
CI OEN to sell automotive connector biz FCI OEN Connectors has decided to move out of automotive connector business. The board of directors has decided to sell its automotive connector business to FCI Technology...
Qantas accepts $8.7 billion takeover
Qantas accepts $8.7 billion takeover Australia’s Qantas Airways agreed on Thursday to a sweetened $8.7 billion buyout offer from a group led by Macquarie Bank Ltd. and private equity firm Texas Pacific Group in...
Aurobindo board okays merger
Aurobindo board okays merger Aurobindo Pharma has informed BSE that the board of directors of the company at its meeting held on December 15, 2006, has considered and approved a Scheme of Arrangement for the merger of...
L&T arm buys US electronic design services co
L&T arm buys US electronic design services co Larsen & Toubro Infotech Ltd, the software and services arm of Indian construction major Larsen & Toubro Ltd, said on Wednesday it had agreed to buy US-based GDA...
i-flex may buy Capco’s unit for $150m
i-flex may buy Capco’s unit for $150m Banking software major i-flex Software solutions is said to be in talks to acquire the Asia-Pacific operations of Capco in a transaction worth $100-$150 million. i-flex is...
Citigroup to buy Central American bank for $1.51 billion
Citigroup to buy Central American bank for $1.51 billion Citigroup Inc. (C.N: Quote, Profile , Research) said on Wednesday it agreed to acquire Central American commercial and retail bank Grupo Cuscatlan for $1.51...
Airline M&A policy to be ready soon
Airline M&A policy to be ready soon With consolidation in the airline segment looking imminent, the civil aviation ministry is finalising policy guidelines on airline mergers & acquisitions (M&As). As of...
Zee Tele demerges to get focus
Zee Tele demerges to get focus Come Monday December 18, Zee Telefilms the Rs 1,400 crore television, cable and entertainment company will cease trading on the stock exchanges. Instead, four new companies demerged from...
Rel Comm, Orascom, Maxis in race to acquire Hutch
Rel Comm, Orascom, Maxis in race to acquire Hutch The race for acquiring India’s third largest mobile services provider Hutch, has hotted up with Reliance Communications backed by an US equity funder, Egyptian...
Sumitomo Trust to buy Citi’s Japanese asset mgmt arm
Sumitomo Trust and Banking Co will acquire Nikko Asset Management, the Japanese asset management arm of Citigroup, for about 112.4 billion yen. The acquisition is expected to be completed by October 1, Sumitomo Trust...
Softsol India Board approves Buy-Back of Shares
Softsol India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 30, 2009, inter alia, has approved the following: 1. Annual General Meeting of the Company for the year 2009 will...
