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INDIA BUSINESS WORLD - APRIL 1st - APRIL 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.
BUSINESS NEWS
AEGIS BUYS AOL CALL CENTRE OPERATIONS IN INDIA:AEGIS BPO Services, part of the Essar Group, has announced the acquisition of AOL’s call centre operations in India for an undisclosed sum.......More....
TRIANGLE REALTY FUND BUYS 27% IN PROZONE ARMTRIANGLE Real Estate India Fund, co-promoted by ICS Group and Old Mutual Investment Group Property Investments...... More....
TCS SIGNS FIVE-YEAR CONTRACT WITH ARVINMENTOR Tata Consultancy Services (TCS) has signed a five-year, multi-million dollar contract to be the global engineering partner of ArvinMeritor.......More....
L&T BAGS RS 576-CR ORDER FROM HPCL Engineering and construction major Larsen & Toubro has said it has bagged a Rs 576-crore order from Hindustan Petroleum Corporation Ltd (HPCL). .... More....
P&G INDIA AWARDS COMMUNICATION PLANNING TO MADISON-MEDIACOM COMBINE, SAM BALSARA ACQUIRES 51% IN WPP ARM MEDIACOM It is the biggest move in the Indian media agency space. P&G India awarded its communication planning and buying AOR to the Madison-Mediacom combine. There’s more,..........More....
BCCL PICKS UP 3.33% STAKE IN SKC RETAIL Bennett Coleman & Company (BCCL) has acquired a 3.33% stake in SKC Retail Limited, a Rs 260-crore retail chain in South India....... More....
LEO BURNETT DETHRONES O&M, JWT AT NO. 2, TWO GRAND PRIX ABBYS EACH FOR BURNETT, JWT For the first time, it’s Abbys at Goafest. All agencies, with the exception of Lowe and McCann, are here to slug it out for the main awards........ More....
MOSER BAER SIGNS PACT WITH CHINA’S LDK SOLAR Compact disc-maker Moser Baer has said it has signed a 10-year agreement with China-based LDK Solar.....More....
TATA CO TELCON BUYS 60% IN SPANISH FIRM Sealing its second acquisition in a week, Tata group company Telcon has said that it has signed a deal for acquiring a 60% stake in Spanish-based Comoplesa Lebrero .......More....
PE FIRMS FIDELITY AND SEQUOIA BUY 20% STAKE IN HYDERABAD-BASED COASTAL PROJECTS Private equity firms Fidelity International and Sequoia Capital have bought about 20% equity stake in Hyderabad-based Coastal Projects, an engineering, procurement and construction company......... More....
SUPREME COURT REJECTS PLEA AGAINST LOAN WAIVER THE Supreme Court has refused to entertain a petition challenging government’s Rs 60,000 crore loan waiver scheme for select farmers in Budget 2008-09. ....More....
BCCL INVESTS RS 60 CRORE IN MANTRI REALTY BENNETT, Coleman & Co. Ltd. (BCCL) has picked up Rs 60 crore worth preference shares in Mumbai-headquartered real estate major Mantri Realty
Limited, which has operations in both Mumbai and Bangalore......... More....
NOVARTIS AGREES TO BUY NESTLE’S ALCON STAKES FOR $39 B NOVARTIS AG has agreed to buy Nestle AG’s 77% stake in US company Alcon in a deal worth up to $39 billion to boost its eye care business, the Swiss drugmaker said ...... More....
ASSETS CARE ENTERPRISE (ACE) GETS NOD FOR DEBENTURE ISSUE The shareholders of Assets Care Enterprise (ACE) have approved the issuance of 3-year nonconvertible debentures aggregating Rs 40 crore .....More....
SUBEX BAGS CONTRACT FROM FINTUR GROUP Bangalore-based Subex has announced it has won a contract from Fintur Group, a mobile operator consortium located in Eastern Europe and Central .....More....
RANBAXY GETS JAPANESE GOVT NOD FOR AMLODIPINE Ranbaxy Laboratories has said it has received approval from Japanese ministry of health and labour welfare for marketing the generic version of Amlodipine .....More....
SUGAR SAP PART OF PURCHASE PRICE, TO BE TAXABLE: SUPREME COURTThe Supreme Court has ruled the state advised price (SAP) paid by them formed a part of the purchase price paid to the sugarcane growers and was .....More....
INDIVISION, PASSPORT & JP MORGAN BUY 10% IN PERCEPT LTDThree private equity players — JP Morgan, Future Grouppromoted Indivision Capital and Passport Capital — have picked up 10% stake in entertainment.....More....
LIBERTY INTERNATIONAL, PE FIRMS PICK 12% IN PROVOGUEUK-based retail infrastructure developer Liberty International along with a group of private equity investors such as Altima Partners....More....
JK TYRE BUYS MEXICO CO FOR RS 270 CROREIn its first overseas acquisition, tyre major JK Tyre & Industries, has bought the privatelyheld Mexican tyre company Tornel for Rs 270 crore.....More....
INDUS TO BUY RS 206-CR EQUITY IN SEZS OF DELHI-BASED REAL ESTATE DEVELOPER UPPAL GROUP US-based hedge fund Indus Capital Partners is investing Rs 206 crore for equity stake in the two special economic Zones (SEZs) of Delhi-based real estate developer Uppal Group.....More....
COAL INDIA PAYS THE HIGHEST EVER DIVIDENDIn an informal ceremony today in Delhi, Mr. Partha S. Bhattacharyya, Chairman, Coal India Limited (CIL) handed over a cheque of Rs. 1705.42 crore to Shri Santosh Bagrodia....More....
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