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INDIA BUSINESS WORLD - JANUARY 1st - JANUARY 15th
- 2008
The Month that was ...
News & important developments from the most prospective of the New World markets... India. Our effort is to provide you with the latest and relevant developments that take place in the Indian business, economic and legal environment.
NEW DEVELOPMENTS AND JOINT VENTURES
COAL INDIA (CIL) CHHATTISGARH TO FLOAT POWER JOINT VENTURE:COAL India (CIL) has decided to float a joint venture power generation company with the Chhattisgarh State Electricity Board (CSEB) to set up a 1000-mw plant at an investment of Rs 4,000 crore in the state... More....
ICICI PARTNERS WITH E-MITRA IN RAJASTHAN :ICICI Prudential Life Insurance Company has entered into a strategic partnership with e-mitra, the governance initiative of Rajasthan government. This partnership will provide the ICICI Prudential Life policyholders the convenience of paying their... More....
LGB BOARD APPROVES DEMERGER OF FORGING BIZ:Decks have been cleared for the demerger of the forging division of Coimbatore-based industrial chain manufacturer LG Balakrishnan & Bros... More....
BCCL PICKS UP STAKE IN AIREX LOGISTICS & EXPRESS SERVICES:India's leading media house Bennett, Coleman & Co Ltd (BCCL) has picked up stake in Airex Logistics and Express Services Pvt Ltd (ALESPL), which specialises in serving courier, cargo, warehousing and distribution. Airex Logistics serves the express logistics... More....
TATA STEEL, SAIL COME TOGETHER FOR MINING OPS :Steel makers Tata Steel and Steel Authority of India Ltd (SAIL) unite to face the global competition. The two companies have agreed to join hands for coal mining in the country and considering to extend the similar coperation... More....
SETCO FTA JOINT VENTURE TO MAKE CLUTCH ACTUATION SYSTEMS:Setco Automotive and FTE Automotive GmbH have announced a JV to manufacture and supply clutch actuation systems for passenger cars and commercial vehicles in India. The JV Company, FTE Setco Automotive, will help open new avenues and opportunities for Setco and FTE in the fast-moving Indian automotive industry, company officials said. This JV will further strengthen our position... More....
HSBC ARM PICKS UP STAKE IN NEWGEN FOR RS 30 CRORE:New Delhi-based software product firm Newgen Software Technologies has announced that a wholly-owned subsidiary of HSBC Asian Ventures Fund has picked up a minority stake in the company for Rs 30 crore. Newgen said the funds raised will be used to facilitate... More....
ORACLE NAMED LEADING RELATIONAL DATABASE MANAGEMENT SYSTEMS (RDBMS)VENDOR IN INDIA:Oracle has announced that it has been named the leading Relational Database Management Systems (RDBMS) vendor in India and Asia pacific excluding Japan, based on first half 2007 Asia Pacific software revenues by IDC In IDC's "Asia/pacific Semi-Annual Software Tracker, September 2007" report, Oracle is the Asia Pacific market leader with 53% market share, growing 19% year-over-year to reach... More....
ANIL DHIRUBHAI AMBANI GROUP (ADAG) IS ENTERING INTO JOINT VENTURE WITH LARGEST LIGNITE MINER OF US:ANIL Dhirubhai Ambani Group (ADAG) is entering into a strategic alliance with the largest lignite miner of the US, North American Coal Corporation (NACC), to ensure fuel supply to its 28,200 mw projects. The strategic tie-up could be in the form of joint venture... More....
UK BASED SOMERSET TO PICK 9% IN MUMBAI'S WISDOM GLOBAL FOR RS 200 CR:UK-based asset management firm Somerset is picking 9% equity stake in the diversified investment group Wisdom Global Enterprises for Rs 200 crore. Based in Mumbai, Wisdom Global holds a majority stake in listed IT firm Core Projects & Technologies... More....
BSE TIES UP WITH OMX :The Bombay Stock Exchange (BSE) has tied up with OMX, a global player providing technology support to stock exchanges, to implement a system that would strengthen former's derivatives and securities trading capabilities. BSE is launching new trading platform... More....
MOTILAL OSWAL PICKS UP MINORITY STAKE IN EFFORT:MOTILAL Oswal Venture Capital Advisors has picked up a minority stake in Effort BPO for Rs 25 crore. The venture capital firm will invest the fund in two tranches... More....
KOUTONS RETAIL TO BUY 51% OF UPPER CLASS:KOUTONS Retail, a leading manufacturer of men's apparel, is acquiring a 51% stake in Delhibased brand Upper Class. Upper Class has a strong foothold in the ladies' apparel segment and is expected to compliment the existing brand portfolio of the Rs 800-crore... More....
SUZUKI, ADANIS TIE UP FOR FIRST CARS-ONLY TERMINAL:The country's first dedicated car export terminal will come up at Mundra Port in Gujarat. Japanese automobile giant Suzuki has joined hands with Adani group-owned Mundra Port and Special Economic Zone (MPSEZ) to beef up its car exports from India... More....
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