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
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
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 Je
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...
VBC Industries equity shareholders to approve Scheme of Amalgamation
VBC Industries equity shareholders to approve Scheme of Amalgamation VBC Industries Ltd has informed BSE that the pursuant to the order of the Hon’ble High Court of Judicature Andhra Pradesh at Hyderabad, a...
ONGC steps on the gas, eyes UK’s Premier Oil
ONGC steps on the gas, eyes UK’s Premier Oil India’s largest oil producer, ONGC, may consider making a bid for UK-based Premier Oil to add assets in the oil-rich North Sea and Indonesia to its expanding...
Air Sahara wants Jet to buy it for Rs 3K-cr
Air Sahara wants Jet to buy it for Rs 3K-cr Questioning Jet Airways’ failure to acquire it, Air Sahara has filed a claim of Rs 3,020 crore before an Arbitration Tribunal here and sought honouring of the Share...
Ruchi Soya Industries – Updates on Schemes of Arrangement & Amalgamation
Ruchi Soya Industries – Updates on Schemes of Arrangement & Amalgamation Ruchi Soya Industries Ltd has informed BSE that the management of the Ruchi Group (the Group) had proposed consolidation of similar...
CSN, bankers control over 15% of Corus
CSN, bankers control over 15% of Corus Companhia Siderurgica Nacional’s (CSN) bankers have bought nearly 11% in Corus, taking the holding of the CSN combine to just over 15% in the Anglo-Dutch steelmaker. In a...
Overseas buys new facet of India Inc: FM
Overseas buys new facet of India Inc: FM Finance Minister P Chidambaram today said that Indian companies going for overseas acquisitions is the new facet of the globalisation process. "Indian companies are hungry...
Zensar Tech plans stock buyback
The board of directors of Zensar Technologies has announced a stock buyback plan with a maximum price of Rs 165 a share and a minimum outlay of Rs 40 crore. . Dr Ganesh Natarajan, Vice-Chairman and Managing Director...
Abbott to buy Wockhardt’s nutrition biz for $130 m
Pharmaceutical and biotechnology major Wockhardt will sell its nutrition business to global healthcare company Abbott. While Wockhardt did not disclose the financial details, a Chicago Tribune report said the deal was...
