daily

RSB group buys US auto components co for $19 m The Pune-based RSB group, a $100-million company in the engineering and automotive components manufacturing business, today announced the acquisition of Miller Brothers...

Hindustan Sanitaryware plans takeovers for growth Delhi-based Hindustan Sanitaryware and Industries Ltd (HSIL) proposes to acquire some companies in the building products sector to further consolidate its position...

IOC-BRPL merger: swap ratio at 4:37 Indian Oil Corporation (IOC), the country’s largest oil refiner, will merge its subsidiary Bongaigaon Refinery & Petrochemicals Ltd (BRPL) with itself, at a share swap ratio...

Lehman buys Spectrum Power for Rs 400 cr Global investment bank Lehman Brothers has acquired controlling stake in Spectrum Power Generation (SPGL) after asset reconstruction firm Arcil auctioned the company’s...

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 and globalisation must continue to be the dominant trends in the steel industry of the future, according to Indian-origin steel magnate Lakshmi Mittal...

UTV Software plans television JV with Astro Multimedia UTV Software Communications Ltd said on Monday that it plans a television joint venture with a unit of Malaysia’s Astro All Asia Networks Plc., marking its...

Bharti, Walmart to announce tie-up for retail foray The Bharti Group will on Monday announce a tie-up with Walmart for its retail operations, under which the world’s largest retailer would manage the back end...

Newbridge may acquire Sigma Electric for $150m US-BASED private equity player Newbridge is in talks to acquire Sigma Electric Manufacturing Corporation. The deal size is estimated around about $150 million and talks...

Sino-Indian JV to acquire oil assets overseas Energy-hungry India and China, often fierce rivals in the race for global oil and gas supplies, have agreed to form a joint venture company for acquisition of hydrocarbon...

M&M buys 66 per cent stake in DGP Hinoday India’s top utility vehicle maker, Mahindra & Mahindra Ltd has bought a 66 per cent stake DGP Hinoday Industries Ltd, a local casting company, for an undisclosed...

CSN combine corners 20% in Corus Companhia Siderurgica Nacional (CSN), the Brazilian rival of India’s Tata Steel in its bid for Corus, has now cornered as much as 20% in the Anglo-Dutch steelmaker through its...