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INDIA BUSINESS WORLD - JANUARY 16th - JANUARY 31st
- 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
ESSAR ARM TAKES 50% STAKE IN KENYA PETROLEUM REFINERIES: Essar Oil subsidiary Essar Energy Overseas Ltd has signed an agreement to acquire 50% of Kenya Petroleum Refineries Ltd, a 4-million-tonne refinery in Mombasa, Kenya..... More....
BAHRAIN, INDIA FIRMS SET UP TELECOM VENTURE An Indo-Bahrain joint venture company has been established in Bahrain to provide turnkey solutions for telecom infrastructure and areas like IT security..... More....
BCCL PICKS UP STAKE IN MINDLOGICX INFOTECH Bennett, Coleman & Co Ltd (BCCL), the publisher of The Economic Times and The Times of India, has acquired a stake in Mindlogicx Infotech, a Bangalore-based software product development and services company..... More....
BCCL PICKS UP STAKE IN ACE TOURS WORLDWIDE Bennett, Coleman & Co Ltd (BCCL) has picked up a stake in Ace Tours Worldwide Pvt Ltd, a Surat-based tour and travel agency.... More....
GODREJ CONSUMER TO ACQUIRE SOUTH AFRICAN HAIR BRAND Godrej Consumer Products will acquire the South African hair brand Kinky.... More....
GLOBSYN ARM IN JV WITH US CO KONNECTS FOR PORTAL Globsyn Innoventures, a part of Kolkata-based Globsyn Group, has signed a joint venture agreement with US-based Konnects Inc for setting up Globsyn Konnects.... More....
TITAGARH IN JV WITH US CO FOR MAKING SPECIAL PURPOSE FREIGHT WAGONS CHICAGO-headquartered FreightCar America Inc, which is engaged in manufacturing railroad freight cars, has entered into a 51:49 JV with city-based Titagarh Wagons for manufacturing special purpose freight wagons.... More....
RELIANCE TIES UP WITH CITI TO RETAIL FINANCE, ADAG WAVES NON-COMPETE CLAUSE Reliance Retail, a Reliance Industries offshoot, has inked a 50:50 joint venture with Citigroup to enter financial services.... More....
ROLTA INDIA ACQUIRES IT CONSULTING CO BROECH Mumbai-based engineering and geographical information services company, Rolta India, has acquired Broech Corporation, an IT consulting company specialising in business software as well as database and business intelligence solutions, based on Oracle technologies. Broech carries out its business as TUSC, based in Chicago.... More....
BSNL, US CO IN TIE-UP FOR LARGEST WIMAX DEAL State-run telecom operator BSNL has tied up with US-based WiMAX solutions firm Soma Networks for the largest WiMAX deployment in the country covering four states in three circles.... More....
US CO FRONTLINE BUYS 10% STAKE IN FUTURA US-based private equity firm Frontline Ventures has picked up 10% stake in Mumbai-based infrastructure and real estate firm Futura Infraprojects for $40 million.... More....
GIC RE OPENS FIRST BRANCH IN BRITAIN General Insurance Corporation of India (GIC Re) has opened its first branch in the UK - the heart of the reinsurance market.... More....
JSOFT SOLUTIONS SIGNS PACT WITH DESCON JSoft Solutions, the IT services arm of the JSW Group, has entered into a strategic tie-up with Descon for providing support services to the former's proposed projects in the eastern region.... More....
SONA OKEGAWA PRECISIONS FORGINGS LTD (SOPF) ACQUIRES GERMAN FORGING COMPANY Sona Okegawa Precisions Forgings Ltd (SOPF), part of the Delhi-based automotive component maker Sona Group, announced the acquisition of the precision forging business of Germany's ThyssenKrupp Group for an undisclosed amount.... More....
TRIVITRON FORGES JVS FOR MEDICAL DEVICE FACILITY Medical devices company Trivitron, which recently raised $11 million from HSBC Private Equity and ePlanet Ventures, has forged three joint ventures with global medical equipment majors to set up manufacturing units in India.... More....
IPCA LABS HIKES STAKE IN TONIRA PHARMA TO 19% Ipca Laboratories has increased its stake in Tonira Pharma to 19.45% through an open offer to the shareholders of the company and market transactions.... More....
POWER FINANCE CORP TRANSFERS KRISHNAPATNAM ULTRA MEGA POWER PROJECT TO RELIANCE POWER Power Finance Corp has transferred the 4,000 mw Krishnapatnam ultra mega power project to Anil Ambani-promoted Reliance Power, which placed a winning bid of Rs 2.33 a unit.... More....
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