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INDIA BUSINESS WORLD - FEBRUARY 16th - FEBRUARY 29th - 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
MICRO TECHNOLOGIES INKS PACT WITH SRI LANKAN REALTY FIRM Micro Technologies India has said that it has entered into a strategic agreement with Sri Lanka's real estate firm ISystems to market micro products and its licenses in the island nation.... More....
NYSE PICKS UP 5% STAKE IN MULTI COMMODITY EXCHANGE (MCX) FOR ABOUT $55 MNew York-based NYSE Euronext, which owns the New York Stock Exchange, has announced that it has inked a deal to buy a 5% stake in the Multi Commodity Exchange (MCX), India’s number one commodity exchange.... More....
TATA CAPITAL TIES UP WITH MIZUHO SECURITIES ARM Tata Capital has announced that it has formed a partnership with Tokyo based Mizuho Financial Group’s securities arm to offer financial services....... More....
REFEX ACQUIRES 51% STAKE IN KALTECHChennai-based Refex Refrigerants has acquired 51% stake in Kaltech Engineering and Refrigeration, Singapore, for S$11 million..... More....
NRI BUSINESS TYCOON C SIVASANKARAN BUYS NORWEGIAN SHIPPING FIRMNRI business tycoon C Sivasankaran, who sparked a corporate sensation in 2005 by selling his telecom business...... More....
PARSVNATH HOTELS IN JV WITH ROYAL ORCHID Parsvnath Hotels, a wholly-owned subsidiary of Delhi-based real estate developer Parsvnath Developers.... More....
INFY, NIHON UNISYS INK MOU FOR SALES & SOLUTION SERVICE OFFERING Infosys Technologies has signed a memorandum of understanding with leading Japanese IT solution provider, Nihon Unisys, for alliance of strategic business deployment and joint development for sales..... More....
DAIMLER-HERO JV REFERRED TO CCEA; FIPB REJECTS EICHER OBJECTIONS The government has brushed aside Eicher’s objections to the Daimler-Hero joint venture for commercial vehicles.....More....
AMTEK AUTO IN 50:50 JV WITH US RAILCAR COAs part of an aggressive plan to diversify beyond its automotive businesses...... More....
NISSAN & RENAULT IN PACT WITH TAMIL NADU Nissan Motor and Renault have signed an MoU with Tamil Nadu government as a part of their commitment to set up an automotive facility on 678 ... More....
SAIL- JAYPEE ASSOCIATES LTD (JAL) JV TO MAKE CEMENT AT BOKARO SAIL has inked a shareholder’s agreement with Jaypee Associates Ltd (JAL) to form a joint venture company..... More....
NRI BUSINESSMAN S SIVASANKARAN BUYS NORWEGIAN FIRM FOR RS 1200 CR NRI businessman S Sivasankaran has acquired a Norwegian shipping firm, JB Ugland Shipping (JBUS), for Rs 1,200 crore.... More....
INDIA SIGNS AGREEMENT WITH LUXEMBOURG India gave approval to a double taxation avoidance agreement with Luxembourg aimed at stimulating the flow of capital...... More....
ICICI ARM, JAYPEE END $800M DEALWhat could have been one of the largest private equity (PE) deals in India has come unstuck, joining the list of similar high-profile pacts that were casualties to costly valuations and adverse market conditions..... More....
BCCL ACQUIRES STAKE IN UTSSAV CZ GOLD JEWELS Bennett, Coleman & Company has acquired a stake in Utssav CZ Gold Jewels.... More....
GATI INKS PACT WITH GENERAL LOGISTICS SYSTEMS (GLS), PLANS $100-M EXPANSIONLogistics and supply chain management company Gati has entered into a strategic alliance with Amsterdam-based parcel service provider General Logistics Systems (GLS).... More....
SUNTEC TIES UP WITH AXIS BANK FOR BILLING SOLUTIONS Convergent billing solutions major SunTec has tied up with Axis Bank to streamline the latter's pricing and billing solutions.... More....
CROMPTON GREAVES TIES UP WITH TWO LIGHTING COSCrompton Greaves has entered into two alliances with Netherlands-based Lemnis Lighting... More....
HC CLEARS SISCOL-JSW STEEL MERGER Mumbai High Court has approved the merger scheme of Southern Iron & Steel Company (Siscol) with JSW Steel... More....
RELIANCE GLOBALCOM TIES UP WITH UAE'S DU Du, one of the two telecom service providers in UAE, has tied up with India's Reliance Globalcom to provide a variety of data services in this Gulf nation... More....
IDBI TIES UP WITH MOTILAL OSWALIDBI has entered into an alliance with Motilal Oswal Securities (MOSL), one of India’s largest financial services intermediaries... More....
OPTO CIRCUITS INDIA BUYS US FIRM FOR $68 MILLIONBangalore-based Opto Circuits India, a Rs 600-crore manufacturer of healthcare equipments, has signed a definitive agreement to acquire Wisconsin based Criticare Systems Inc... More....
APOLLO, BRITISH AMERICAN INVESTMENT IN HOSPITAL JVApollo Group of Hospitals and British American Investment (Mtius), a business conglomerate in Mauritius through its subsidiary company...... More....
NIIT BUYS GERMAN IT SERVICES FIRM SOFTECIT solutions firm NIIT Technologies has announced the acquisition of Germany-based SofTec GmbH, a specialist in providing IT solutions..... More....
TATA POWER ARM INKS MOU WITH FRENCH DEFENCE MAJOR TATA Power Company's strategic electronics division (SED) has signed a memorandum of understanding with the French defence systems major..... More....
RUCHI SOYA INKS TECH LICENCE AGREEMENT WITH US CO Ruchi Soya Industries (RSIL) has said that it has entered into an exclusive technology licence agreement with US-based Nutrijoy Inc..... More....
ICICI VENTURE PICKS 14.9% IN ARROW WEBTEX Private Equity firm, ICICI Venture, has picked 14.9% stake in Mumbai based textile and real estate development firm Arrow Webtex.... More....
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