Corus to defer shareholders’ meet The race for Corus has gone into extra time. Anglo-Dutch steel producer Corus plans to postpone its December 4 shareholders meet for considering Tata Steel’s bid of 455...
Consolidation must continue in steel industry: Mittal
Consolidation must continue in steel industry: Mittal Consolidation and globalisation must continue to be the dominant trends in the steel industry of the future, according to Indian-origin steel magnate Lakshmi Mittal...
Wal-Mart says ‘Namaste India’, with Bharti
Wal-Mart says ‘Namaste India’, with Bharti The world’s largest retailer is finally here — it’s the most admired, the most respected, the most feared, the most loved and the most hated...
Indian Oil, Bongaigaon boards okay merger plan
Indian Oil, Bongaigaon boards okay merger plan The board of directors of Indian Oil Corporation Ltd and Bongaigaon Refinery and Petrochemicals Ltd (BRPL) today approved merger of BRPL with IOC. The swap ratio is pegged...
Air Sahara for sale, yet again
Air Sahara for sale, yet again Bolstered by a revival in its fortunes last quarter, the promoters of Air Sahara are believed to be considering a sale of the airline once again. After parting ways with Jet Airways, the...
Cream Bell acquires Uganda’s Dairy plant
Cream Bell acquires Uganda’s Dairy plant In line with its plans to expand presence in the overseas market, ice cream brand Cream Bell has acquired the National Dairy Board plant in Uganda, besides setting up a...
Wipro on the prowl for acquisitions in the $50-100m range
Wipro on the prowl for acquisitions in the $50-100m range With nine acquisitions up its sleeves, Wipro Technologies, the Bangalore Tiger is hungry for more. The target this time, are companies in the $50-100 million...
Bank of America overtakes Citi as largest bank
Bank of America overtakes Citi as largest bank Bank of America surpassed Citigroup to become the world’s largest bank by market value. Based on reported shares outstanding, Bank of America’s market...
Ascendas buys out L&T interest in Cyber Pearl
Ascendas buys out L&T interest in Cyber Pearl The Ascendas India IT Parks Trust, a private real estate fund of business space provider Ascendas, has added a third property, Cyber Pearl, through the acquisition of...
Wipro to scale up size of acquisitions
Wipro to scale up size of acquisitions IT major Wipro today said that it would scale up the size of its acquisitions from the current $25-50 million to $50-100 million. Commenting on the acquisitions being made by IT...
Confidence for M&A is growing`
Confidence for M&A is growing` The golden rule in successful takeovers is not to impose the buyer’s own ways, but combine the best practices of both companies, says the UB Chairman A series of acquisitions of...
Aztecsoft equity shareholders & unsecured creditors approve Scheme of Amalgamation
Aztecsoft equity shareholders & unsecured creditors approve Scheme of Amalgamation Aztecsoft Ltd has informed BSE that the Equity Shareholders and Unsecured Creditors of the Company & Aztec Disha Technologies...
