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Raymond, Italian firm form joint venture Raymond has entered into a 50-50 joint venture with Italian fashion company Grotto SpA on Friday. The JV will launch the Italian fashion brand, GAS, in the country. Total...

Macquarie Bank seen buying UTV stake for News Corp Australia-based Macquarie Bank has acquired about 6.6% in Indian entertainment company, UTV Software Communications, over the past month, and is believed to be acting...

AV Birla group on road to recast The Aditya Birla group is on the restructuring road. The conglomerate, is one of India’s largest business houses, is taking steps to reduce its presence in areas like power while...

French Merieux buys Shantha Biotechnics French biotechnology group Merieux Alliance has bought a majority stake in Indian vaccine maker Shantha Biotechnics Ltd in a bid to extend its research and clinical development...

Oracle’s open offer for i-flex delayed Oracle’s open offer for 20 per cent equity stake in i-flex Solutions is delayed, said the company, adding that a revised schedule of activity will be announced...

Tata Motors buys Nissan’s African unit Tata Motors today said Tata African Holdings, part of the same group, had acquired a South African manufacturing plant of Japanese auto giant Nissan. While Tata executives...

Manugraph to buy Dauphin for $19.2 m Manugraph India Ltd, the country’s largest manufacturer of web offset printing machines, will acquire Dauphin Graphic Machines Inc (DGM), manufacturer of web offset printing...

NTPC may pick up stake in TELK The National Thermal Power Corporation (NTPC) is likely to pick up stake in the State-owned Transformers and Electricals Kerala Ltd. (TELK). SBICaps is currently doing an evaluation of...

Manugraph buys US firm for Rs 86cr Manugraph India has decided to acquire the US-based Dauphin Graphic Machines Inc for $19.2 million (nearly Rs 86 crore). The board today approved the decision of the proposed...

Volvo Bus to set up new jt venture in India International automotive company Volvo Bus Corporation has been permitted to set up a new joint venture company to develop, assemble, manufacture, export and sell coaches in...

Indegene buys US firm Making its second major consolidation in the US market, India’s largest pharma communication solutions company— Indegene Lifesystems has acquired MedCases Inc, a leading medical e...

Polaris looking to acquire firms with 500 people Polaris Software Lab, a Chennai-based IT company, has set a process to acquire companies with up to 500 people. It is looking at a customer relationship-oriented company...