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INDIA BUSINESS WORLD - MAY 11th - MAY 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
RELIANCE MONEY TIES UP WITH SIFY TECHNOLOGIES : Reliance Money, the brokerage and financial services arm of Reliance-ADAG, has tied up with broadband service provider Sify.......... More....
IBM INDIA ENTERS INTO RESEARCH PACT WITH INDIAN SCHOOL OF BUSINESS : IT major IBM India and the Indian School of Business has announced the signing of the first open collaborative research agreement in Asia.......More....
RCOM IN JOINT VENTURE WITH ALCATEL-LUCENT TO TAP MANAGED-NETWORK SERVICES MARKET : FRENCH-US equipment firm Alcatel-Lucent has formed a JV with Reliance Communications (RCOM) to offer managed-network services to domestic as well as international telecom operators....... More....
SAIL INKS MOU WITH BANGALORE-BASED BHARAT EARTH MOVERS LTD (BEML) FOR EQUIPMENT SUPPLY : Steel Authority of India Ltd (SAIL) has signed a memorandum of understanding (MoU) with Bangalore-based Bharat Earth Movers Ltd....... More....
ASHOK LEYLAND ENTERS JOINT VENTURE WITH JBM AUTO : COMMERCIAL vehicle major Ashok Leyland (ALL) and JBM Auto, part of the Rs 2,000-crore JBM Group have signed a joint venture.... More....
SBI NOT TO ALLOW GLOBAL MERGERS & ACQUISITIONS AFFECT NON-LIFE JOINT VENTURE : State Bank of India will take measures to ensure that its proposed non-life joint venture is not adversely affected by international M&As.......More....
GLAXOSMITHKLINE SIGNS CO-PROMOTION PACT WITH JAPANESE FIRM : GlaxoSmithKline Pharma has said it has entered into an agreement with Daiichi Sankyo India Pharma Limited ......... More....
POWER FINANCE CORPORATION INKS PACT WITH US EXIM BANK FOR FUNDING PROJECTS : Power Finance Corporation (PFC) has signed a pact with Export Import Bank of the United States to provide funds to Indian power sector for project-related imports from the US......More....
MASCON BUYS EBUSINESSWARE : New Delhi-based IT services firm Mascon Global (MGL) has acquired New York-based Ebusinessware Inc...... More....
L&T IN PACT WITH GE ENERGY FOR TAPPING POWER MARKET : Engineering and construction major Larsen and Toubro has said it has entered into a strategic partnership with GE Energy for focusing on the Indian power generation market......... More....
BM KHAITAN-CONTROLLED WILLIAMSON MAGOR TAKES MAJORITY STAKE IN SAYAJI IRON FOR RS 59 CRORE : BM KHAITAN-controlled Williamson Magor (WM) group has picked up a controlling stake in Vadodara-based Sayaji Iron & Engineering Co (SIEC)........... More....
SIERRA ATLANTIC PARTNERS CALLIDUS SOFTWARE : Hyderabad-based Sierra Atlantic, an offshoring enterprise applications and outsourced product development company.....More....
EROS INTERNATIONAL JOINS HANDS WITH LIONSGATE : Eros International, the Londonlisted Indian filmed entertainment studio, and Lionsgate, the leading independent filmed entertainment studio, .....More....
JET AIRWAYS IN PACT WITH UNITED AIRLINES : Jet Airways has said it has entered into an agreement with the US-based United.......More....
IBS SOFTWARE BUYS US FIRM VISAER : IBS Software, a Kerala-headquartered IT solutions provider for the travel, transportation and logistics industry.....More....
ARCELORMITTAL BUYS $600-M MACARTHUR STAKE : ARCELORMITTAL, the world’s top steel maker, has entered talks about a transaction with Australia’s Macarthur Coal after paying $604 million.....More....
OMAXE TIES UP WITH LEANDER SPORT : Delhi-based property firm Omaxe has tied up with tennis star Leander Peas’ firm Leander Sport to build and manage spa.......More....
HEALTHCARE BPO FIRM CBAY SYSTEMS BUYS PHILIPS’ 70% IN MEDQUIST FOR $287 M : HEALTHCARE BPO firm Cbay Systems has acquired nearly 70% in medical transcription firm MedQuist from Koninklijke Philips Electronics........More....
BCCL PICKS UP STAKE IN SAHARA INDIA PARIWAR : Bennett Coleman & Co Ltd (BCCL) has picked up an equity stake in diversified business group Sahara India Pariwar........More....
JAYPEE GROUP BUYS BINA POWER : JAYPEE group company Jaiprakash Power Venture (JPVL) has acquired Bina Power Supply Company (BPSCL) from the Aditya Birla.....More....
AVNET TECH BUYS ONTRACK : IT’S not uncommon for IT companies in India to acquire firms in the US or the UK to get access to clients and improve their marketshare.....More....
GODREJ IN JV WITH TYSON FOODS FOR REAL GOOD POULTRY : TYSON Foods Inc, the world’s largest processor and marketer of meat products and the second largest food company in the US........More....
TATA COMM, ETISALAT INK MOU FOR UAE SERVICES : Tata Communications has signed an MoU with Etisalat to provide enterprise grade network services in the United Arab Emirates (UAE)........More....
NETMAGIC, HEWLETT-PACKARD TIE UP FOR HOSTING SERVICES : Managed IT services provider Netmagic Solutions has announced a partnership with Hewlett-Packard (HP).......More....
NMDC IN JV WITH SPICE MINERALS AND METALS (SMM) TO BUY MINES : NATIONAL Mineral Development Corporation (NMDC) has signed an MoU with Spice Minerals and Metals (SMM) to form a 50:50 joint......More....
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