Indian companies were involved in 136 mergers and acquisitions (M&A) in the first half of 2009, down 54 per cent when compared with the first half of last year. The deal activity was also down 28 per cent when...
Reliance Infra to handle ADAG’s cement business
Reliance Infrastructure Ltd will undertake the cement business for the Anil Ambani group. Earlier, the responsibility was with group company Reliance Natural Resources Ltd. “With a view to optimising internal...
UK bank likely to buy 2% stake in Deccan Aviation
UK bank likely to buy 2% stake in Deccan Aviation Bangalore-based Deccan Aviation plans to offload 1.96% stake to UK-based Investec Bank for around Rs 30 crore. The company plans to use the funds to finance its...
TCS buys 75% stake in Swiss co
TCS buys 75% stake in Swiss co Tata Consultancy Services Ltd said it has acquired 75 per cent stake in Switzerland-based TKS-Teknosoft for Swiss Franc 100.5 million (around Rs 360 crore). The acquisition will help TCS...
Amtek Auto signs 50:50 JV with Magna
Amtek Auto signs 50:50 JV with Magna Amtek Auto has signed a 50:50 joint venture (JV) agreement with Canadian firm Magna Powertrain to establish a manufacturing facility outside Delhi for 2-piece flex plate assemblies...
CB Richard Ellis to buy Trammell Crow for $2.2 bn
CB Richard Ellis to buy Trammell Crow for $2.2 bn Commercial real estate services, globally, have entered the consolidation phase. On Tuesday, the US-based CB Richard Ellis Group, a global leader in the segment...
HPCL steps back on Shell stake buy
HPCL steps back on Shell stake buy State-owned Hindustan Petroleum Corp (HPCL) which was in race to acquire a substantial stake in Royal Dutch Shell’s LNG terminal at Hazira has now backed out. This was after...
TCS buys 75% in Swiss partner for $80 mn
TCS buys 75% in Swiss partner for $80 mn Tata Consultancy Services, the Mumbai-based India’s largest IT services and Consultancy Company on Tuesday announced that it has acquired 75% stake in its Switzerland-based...
GSK to widen portfolio after CNS acquisition
GSK to widen portfolio after CNS acquisition Even as J&J’s OTC (over-the-counter) business consolidation plan in India following its worldwide acquisition of Pfizer’s consumer health business is likely...
Merck to buy biotech firm Sirna for $1.1 bn
Merck to buy biotech firm Sirna for $1.1 bn Merck & Co Inc on Monday said it agreed to acquire biotechnology firm Sirna Therapeutics Inc for $1.1 billion in cash to gain a stronger foothold in the promising drug...
Merck to acquire biotech co Sirna for $1.1bn all cash
Merck to acquire biotech co Sirna for $1.1bn all cash Pharmaceutical company Merck said it agreed to pay an eye-popping $1.1bn to buy Sirna Therapeutics, a tiny biotechnology firm developing drugs based on new...
Rel Infra buys 51% stake in Reliance Cementation
Anil Ambani-led Reliance Infrastructure today said it has acquired 51 per cent of Reliance Cementation from its group company Reliance Natural Resources (RNRL). "The company has acquired 51 per cent of Reliance...
