|
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.
NEW DEVELOPMENTS AND JOINT VENTURES
TIMES GROUP BUYS UK’S VIRGIN RADIO FOR RS 448CR : In its first-ever overseas acquisition in the media space, The Times Group has acquired Virgin Radio Holdings Ltd and its subsidiaries in the UK from SMG Plc for a consideration of £53.2 million (around Rs 448.4 crore) .......... More....
STERLITE ACQUIRES ASARCO FOR RECORD $2.6 BILLION : Sterlite Industries (India) has announced the acquisition of Asarco Llc, a Tucson-based copper mining, smelting and refining company, for $2.6 billion in cash. This is the largest overseas purchase by an Indian company this year..........More....
ARCH PHARMALABS BUYS BENZOCHEM FOR RS 100 CR : PRIVATE equity-controlled Arch Pharmalabs has acquired a controlling stake in Benzochem Lifesciences, an active pharmaceutical ingredients (API) maker, for around Rs 100 crore....... More....
COGNIZANT ACQUIRES US FIRM SVC : IT ANDBPO firm Cognizant has said it is taking over Los Angeles-based management and technology consulting firm Strategic Vision Consulting (SVC) to strengthen its presence in the media and entertainment vertical....... More....
DIESEL CALLS OFF JV WITH ARVIND : ARVIND AND DENIMWEAR GIANT DIESEL have called off their joint venture for the distribution and branding of the Italian company’s products in India, Arvind said in a statement to BSE, reports...... More....
GEMINI ACQUIRES 51% STAKE IN VEERAS INFOTEK : Gemini Communications, a leading player in the wireless networking and WiMAX solutions space, said that it has acquired a majority stake in Chennaibased.......More....
ARCELORMITTAL BUYS BAYOU FOR $475 M : WORLD'S largest steel producer ArcelorMittal today announced it has signed an agreement to acquire Bayou Steel......... More....
TATA COMM BUYS 50% IN CHINESE FIRM CEC : TATA Communications (formerly VSNL) has acquired 50% stake in telecom and IT services firm China Enterprise Communications (CEC) for an undisclosed ......More....
SUJANA TOWERS BUYS 51% IN MAURITIAN CO TELESUPRECON : SUJANA Towers (STL), the power and telecom tower arm of the Sujana Group, has acquired 51% stake in Telesuprecon...... More....
SPANCO, SHYAM BUY PUNJ LLOYD’S ISP ARM FOR RS 125 CR : SPANCO Telesystems and the promoter group of Shyam Telecom have acquired Spectranet, Punj Lloyd’s internet services provider (ISP) arm........ More....
EXIDE PICKS UP 51% IN LEADAGE ALLOYS INDIA LTD (LAIL) FOR RS 34 CRORE : Exide Industries has picked up a 51% stake in Leadage Alloys India Ltd (LAIL), an unlisted Bangalore-based lead smelting company belonging to the Kumars.......... More....
RIL ACQUIRES US POLYESTER FIRM : RELIANCE Industries USA has acquired a polyester manufacturing facility in North Carolina for about $12.2 million from Unifi Kinston. It plans to invest $215 million in that company. In a regulatory filing, Unifi Kinston LLC .....More....
|
