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INDIA BUSINESS WORLD - FEBRUARY 1st - FEBRUARY 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
HERO MINDMINE INKS PACT WITH SISPARK Hero Mindmine, a part of the Hero group, has said that it has signed an MoU with China's Suzhou International Science Park (SISPARK) to provide training solutions specially related to ITeS.... More....
MICROSOFT MAKES $44.6-B OFFER FOR YAHOO! TO TAKE ON GOOGLEMICROSOFT, the world’s biggest software maker, made an unsolicited $44.6-billion offer for Yahoo! Inc to challenge Google’s dominance in internet search services and advertising....... More....
TEBRANDS CONSULTING TIES UP WITH TECHNOPAKB Brand strategy company, Vertebrand Management Consulting, has announced a strategic alliance with Technopak Advisors....... More....
GENPACT SIGNS DEAL WITH CERIDIAN CORP FOR BPO SERVICESGENPACT has signed a multi-year contract with payroll processing and HR management firm Ceridian Corporation to provide selected BPO services, including finance and accounting services....... More....
ICICI ARM BUYS VERNON’S 40% IN UPDATER SERVICESICICI Venture has picked up New Vernon Bharat’s 40% stake in Chennai-based Updater Services (UDS), India’s largest integrated facility management company, for close to Rs 100 crore....... More....
DEEPAK FERTILISERS AND PETROCHEMICALS CORPORATION (DFPCL) IN JV WITH NORWAY CODeepak Fertilisers and Petrochemicals Corporation (DFPCL) and Norway’s Yara International said that they will form a joint venture that will produce and market ammonium nitrate and speciality fertilisers in India..... More....
PRIVATE EQUITY (PE) FIRM KOHLBERG KRAVIS ROBERTS & CO (KKR) PICKS UP STAKE IN BHARTI INFRATELPrivate equity (PE) firm Kohlberg Kravis Roberts & Co (KKR) has picked up between 2-2.5% stake in Bharti Infratel for $250 million. Infratel.... More....
NATCO PHARMA ACQUIRES US-BASED NEWARK DRUGSUS retail market, Natco Pharma said it has acquired the assets of US-based retail pharmacy firm, Newark Drugs, for an undisclosed amount..... More....
BOEING INKS DEAL WITH TAL MANUFACTURING SOLUTIONSThe Boeing Company has announced that it has entered into an agreement with India-based TAL Manufacturing Solutions, a wholly-owned subsidiary of Tata Motors....... More....
MINDTECK BUYS US COMPANY INFOTECH CONSULTING FOR $21 MMindteck India, a smalltier IT services company, has completed buyout of US-based Infotech Consulting for $21 million...... More....
SBI ENTERS PE SPACE, BUYS 20% IN SAGE CAPITAL’S ASSET MANAGEMENT COMPANY (AMC)State Bank of India, the country’s largest commercial bank, is entering the private equity sector by picking up close to 20% equity stake in Sage Capital Funds Management....... More....
DAIMLER-HERO JV MAY CROSS EICHER HURDLE, AWAITS FIPB NOD In an interesting development, the government may rule against Eicher Motors in its attempt to invoke Press Note 1 to stop the Daimler and Hero group joint venture. However, the matter has been deferred till the next meeting of the Foreign Investment Promotion Board.... More....
ARCELORMITTAL IN JV TO FORM METAL CLADDING CO IN INDIAARCELORMITTAL has entered into a triparty joint venture with Germany’s Auerhammer and Delhi-based Shivalik Bimetal to form a metal cladding company in India..... More....
M&M INKS PACT WITH SRI LANKA TO SET UP $100-M IT CENTREMahindra and Mahindra has entered into an agreement with the Board of Investments of Sri Lanka to set up a $100 million IT-ITeS.....More....
CENTUM FREQUENCY IN JV WITH NEW ZEALAND FIRM RAKONCentum Frequency Products, a wholly-owned subsidiary of Centum Electronics, has entered into a JV with New Zealand-based Rakon....... More....
ESSAR SHIPPING CLEARS MERGER OF INDIA SHIPPINGThe board of Essar Shipping (ESL) has approved the merger of Mauritius-based India Shipping, the holding firm of Essar Oilfield Services (EOSL), with the company... More....
GAIL INKS MOU WITH RUSSIAN GAS FIRM ITERA FOR PETROCHEMICAL PLANTS, GAS PROJECTSPSU gas utility Gail India has signed an agreement with Russian oil and gas firm Itera for setting up petrochemical plants and city gas projects in that country..... More....
SYMANTEC, HDFC BANK IN $7.4-MILLION TIE-UPSecurity software major Symantec has tied up with HDFC Bank for a $7.4 million three-year strategic enterprise-level agreement for IT compliance, enterprise security and storage management solutions.... More....
TOMKINS PICKS UP 60% IN ROLASTARUK-based Tomkins PLC through its subsidiary Tomkins Building Products Group, acquired a controlling stake in Mumbai-based Rolastar Pvt Ltd. The $1.7-billion US-based Tomkins Building Products .... More....
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