|
INDIA BUSINESS WORLD - JUNE 1st - JUNE 30th - 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
MONSOON PICKS UP 49.9% IN JV WITH ANANT RAJ : INDIA-focused $1.1-billion hedge fund Monsoon Capital is picking 49.9% equity stake in a joint venture with realty firm Anant Raj Industries.......More....
GULU BUYS 33.3% IN GUVISO, ENDS FAMILY DISPUTE : IT’S turning out to be a season of business family settlements. Close on the heels of the Lakhani family settling on a business split...... More....
WARBURG PICKS 15% IN LAQSHYA : GLOBAL private equity firm Warburg Pincus has picked up close to 15% in Laqshya Media, a leading outdoor media advertising company, for Rs 276 crore. Warburg will invest the money in Laqshya.......More....
TATAS HIKE STAKE IN SA’S NEOTEL TO 56% : THE Tata group has increased stake in its South African telecom venture, Neotel, by 30%, thereby taking the total equity in the communications company to 56%.........More....
TCS BAGS $11.5-M DEAL FROM UGANDA’S REVENUE AUTHORITY : Country's largest software exporter, Tata Consultancy Services, said it has won a contract worth about $11.5 million from the Uganda Revenue Authority to design and install an integrated tax administration system..........More....
JET AWARDS GLOBAL AD CONTRACT TO IPG : JET Airways has awarded its global advertising contract to The Interpublic Group (IPG) for both the Jet Airways and JetLite brands....... More....
BHEL BAGS RS 506-CR OIL RIGS CONTRACT FROM ONGC : Electric equipment major Bharat Heavy Electricals (Bhel) has bagged a Rs 506-crore contract from Oil & Natural Gas Corporation (ONGC) for upgrade of drilling rigs........ More....
PE FIRM PICKS 8% IN ALL ARM FOR $20M : ASHOK Leyland’s sister company Hinduja Foundries has raised $20 million by placing 8% stake with private equity firm Amansha. The PE firm is sponsored by the $40 billion PE fund Farralon.....More....
|
