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Dubai’s Emaar, Accor form hotel JV in India The Indian unit of Dubai-based Emaar Properties has set up a joint venture with French hotel chain Accor to develop 100 budget hotels in India, the two companies said on...

Bharti, Wal-Mart deal: A promising partnership The Bharti-Wal-Mart deal promises to be the beginning of a fruitful partnership. The deal marks the Bharti group’s entry into the retailing industry, at a time when...

Tatas seek EC nod for Corus Tata Steel has approached European regulators on its proposed 8.1 billion dollar bid to acquire Anglo-Dutch steelmaker Corus. European Commission, the 25-nation European Union’s...

South Korea positive on Videocon bid to buy out Daewoo Electronics The South Korean government is favourably inclined to the Videocon-Ripplewood combine’s proposal to take over Daewoo Electronics, despite concerns...

Siemens to divest stake in arm to Nokia Siemens Ltd will divest its 100 per cent stake in subsidiary Siemens Public Communication Networks Pvt Ltd, to Nokia Siemens Networks India Pvt Ltd. The decision was taken by the...

BPL may hive off alkaline battery unit into JV BPL Ltd has decided to transfer the firm’s alkaline battery business to a proposed joint venture company. This will be preceded by the business being leased for six...

Microsoft picks up 10% in TCS Chinese subsidiary Global software major Microsoft Corporation has signed a tripartite agreement with software and services major Tata Consultancy Services (TCS) to acquire a 10 per cent...

Microsoft buys 10% in TCS China venture Microsoft Corp. has bought a 10 percent stake in a Chinese venture that is majority owned by Tata Consultancy Services Ltd., a senior TCS official said on Thursday...

Tata-CSN battle for Corus set to intensify The stage appears set for a Battle Royale between Indian corporate giant Tatas and Brazil’s CSN for acquisition of Anglo-Dutch steel maker Corus, with both the suitors...

Petronas picks 10% in Cairn India Malaysian oil major Petronas has picked up about 10% in the post flotation share capital of Cairn India, as Cairn Plc raised $822 million (Rs 32bn) in its pre-IPO placement. The...

M&M acquires DGP Hinoday Mahindra and Mahindra (M&M) today announced acquisition of DGP Hinoday Industries, a joint venture between DG Piramal Group and India Private Equity Fund Mauritius and Hitachi Metals...

Buy us for Rs 3K cr or pay Rs 1,931 cr: Sahara to Jet Air Sahara, questioning Jet Airways’ failure to acquire it, has filed a claim of Rs 3,020 crore before an arbitration tribunal here and sought honouring of the...