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INDIA BUSINESS WORLD - MARCH - APRIL 2007
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.
BUSINESS NEWS
ASK BUYS 50% STAKE OF RAYMOND JAMES : ASK group has bought out the 50% stake of Raymond James Financial in ASK Raymond James for an undisclosed amount. More...
TITAN TO BRING IN THREE GLOBAL BRANDS TO INDIA : Buoyed by the success of Tommy Hilfiger brand, which it brought into India, Tata group-controlled Titan Industries plans to introduce another two to three international brands into India in the next two to three years. More...
FORTUNE FINANCIAL SELLS 22% STAKE : Mumbai-Based financial service provider Fortune Financial Services India Limited (FFSIL) is learnt to have diluted 22% of its equity to a group of UK-based foreign institutional investors for Rs 22 crore. More...
GLENMARK BUYS CZECH FIRM : Glenmark pharmaceuticals on Monday announced acquisition of 90% stake in Czech firm Medicamenta to get a commercial foothold in the strategically important market of Europe for around $10 million. More...
FOUR COS IN TALKS WITH GSPC TO BUY 40% IN ITS ARM : Four institutional investors are at an advanced stage of negotiations with the Gujarat State Petroleum Ltd (GSPC) for picking up a 40% stake in its subsidiary GSPC Gas Company at an estimated investment of over Rs 100 crore. More...
RELIANCE TO SELL ELECTRONIC GOODS : Mukesh Ambani's retail venture will soon start selling electronics goods like refrigerators, TVs and computers, More...
TOSHIBA LAUNCHES NEW LCD TV RANGE IN INDIA : Toshiba on Wednesday launched its new range of LCD television, Regza, in India priced between Rs 48,300 and Rs 2, 24,990. More...
MAYUR SUITINGS STITCHES PLAN TO BUY INDUS : Rajasthan Spinning & Weaving Mills (RSWM), owner of Mayur Suitings, may buy a controlling stake in Indus Clothing, the erstwhile franchisee of Lee Cooper and the current franchisee of Disney, for around Rs 45-50 crore. More...
TATA POWER BUYS 30% IN 3 INDONESIAN COAL FIRMS : After months of long negotiations, India's largest private power utility Tata Power Company (TPC) pipped Japanese Mitsubishi and Korea Electric Power Corp (Kepco) to buy 30% stake in three Indonesian thermal coal companies for $1.1 bn in cash. More...
BCCL BUYS STAKE IN EYANTRA : Bennett, Coleman & Company (BCCL) has acquired a stake in Hyderabad-based eYantra Industries, a corporate brand merchandising company with single largest source of all merchandising products, More...
INDIAN HOTELS IN $60M BUYOUT OF AMERICAN CAMPTON PLACE : Indian Hotels, a Tata group company, has informed the BSE that it has approved the proposal to acquire, More...
SATYAM SCOUTING FOR $50M BUYOUT : SATYAM Computer Services, the fourth largest software company in the country, is scouting for up to $40-50 million acquisition in the IT consulting and telecom space in the US and Europe. More...
TECH MAHINDRA EYEING BPO BUSINESS : TECH Mahindra, the telecom based software solution provider, is focusing in a big way on the BPO business. More...
ROYAL PALMS ESTATES SETTING UP IT SEZ : SIZE does not seem to matter for the developers of IT SEZs. Unpurturbed by the brouhaha over size of multi-product SEZs, many developers of IT SEZs are going ahead with their plans and at least two dozen of them are likely to hit the street over the next 12-18 months. More...
ZERO DUTY FOR LDCS : INDIA on Friday announced zero duty access for least developed countries by 2008 as well as unilateral visa liberalization. More...
CEMENT IMPORTS MADE DUTY-FREE : The government has scrapped the 16% countervailing duty (CVD) and 4% special additional duty (SAD) on import of Portland cement. More...
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