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INDIA BUSINESS WORLD - March 16th - March 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
FUTURE PICKS UP 70% IN GODREJ AADHAAR:The Future Group has picked up a 70% stake in Godrej Aadhaar, which provides agri-services in rural areas besides retailing.... More....
PETRONAS UPS STAKE IN CAIRN INDIACAIRN India raised $625 million (about Rs 2,534.60 crore) through a private placement.......More....
PUBLISHING SERVICES PROVIDER PREMEDIA GLOBAL(PMG) ACQUIRES US-BASED GGS BOOK SERVICES Publishing services provider PreMedia Global (PMG) has completed the acquisition of US-based GGS Book Services for an undisclosed sum...... More....
KISHORE BIYANI PLANS $1B INVESTMENT IN INDIA, FUTURE CAPITAL-REALTERM 50:50 JV RAISES $350 M VIA PE ROUTE:In order to cash in on India’s industrial growth, Kishore Biyani plans to invest $1 billion (approx Rs 4,000 crore) to buy land and set up industrial warehouses across the country in the next three years..... More....
ASHMORE PICKS 35% IN DELHI REALTY CO FOR $550 MUK-based private equity firm Ashmore Investment has picked up close to 35% stake for $550 million in Central Park Estates, a real estate firm of the New Delhi-based infrastructure group...... More....
RANBAXY TIES UP WITH CD PHARMA FOR DENTAL DRUGRanbaxy Laboratories has entered into an exclusive marketing tie-up with CD Pharma, the Indian affiliate of US-based VSL ....More....
NALANDA INDIA PICKS UP 5.25% IN US-LISTED BPO FIRM WNS (HOLDINGS)Former Warburg Pincus India honcho Pulak Prasad’s PE fund Nalanda India has picked up a 5.25% stake in US-listed BPO firm WNS (Holdings)....... More....
RUSSIA’S LARGEST STEEL MAKER SEVERSTAL BUYS ARCELORMITTAL’S MILL FOR $810 MSeverstal, Russia’s largest steel maker will expand its US presence with the $810 million acquisition of the Sparrows Point mill in Maryland......More....
TATA-FIAT JV TO EXPAND PUNE FACILITY FIAT India Automobiles (FIAPL), a 50:50 joint venture between Fiat Group...... More....
DELL TIES UP WITH CROMA TO SELL PCS:Dell has said that it has tied up with Tata group’s Croma, a consumer electronics retailer, to sell its laptops and desktops through their chain of stores from April...... More....
NEOTEL BUYS TRANSTEL FOR RS 120 CRThe Tatas push for a dominant place in South Africa’s telecom industry has got a fresh boost. South Africa’s second fixed-line operator........ More....
BOMBAY DYEING, LARSEN & TOUBRO JOINT VENTURE TO BID FOR REALTY PROJECTSThe recently-formed joint venture between Bombay Dyeing and Larsen and Toubro will bid for projects earmarked for redevelopment and for other viable property projects in Mumbai and other cities......More....
GE HEALTH ARM COMPLETES VERSAMED’S ACQUISITIONGE Healthcare, a unit of General Electric Company, has announced that it has completed the acquisition of VersaMed Corporation.......More....
TATA CHEM COMPLETES GENERAL CHEMICALS INDUSTRIAL PRODUCTS (GCIP) BUY, RAISES $850 M IN DEBTTATA Chemicals (TCL) has announced that it has raised $850 million of debt to finance the acquisition of the US-based General Chemicals Industrial Products (GCIP) for $1 billion..... More....
BCCL PICKS STAKE IN ENSEMBLE INFRASTRUCTURE INDIA (EIIL)Bennett, Coleman & Co Ltd (BCCL) has acquired a stake in Ensemble Infrastructure India (EIIL)...... More....
DEUTSCHE BANK ACQUIRES 40% IN REALTY FIRM FOR $80MDeutsche Bank (DB) has picked up close to 40% stake in Ramprastha Promoters and Developers...... More....
ICICI, JAYPEE INFRA IN RS 1,150-CR DEALICICI Bank entered into a Rs 1,150-crore equitycum-debt deal with Jaypee Infratech, which is to build and operate the 165-km, six-lane Taj Expressway ...... More....
BANGALORE’S NTTF INDUSTRIES (NTTFIL) AND GERMANY’S KOSTAL GROUP IN RS100-CR AUTO PARTS JVNTTF Industries (NTTFIL), a fully-owned company of Bangalore-based Nettur Technical Training Foundation (NTTF)...... More....
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