TATA STEEL PICKS UP 19.9% IN CANADA-BASED MINING COMPANY NEW MILLENNIUM CAPITAL CORP FOR 106 CR : TATA Steel has bought a 19.9% stake in Canada-based mining company New Millennium Capital Corp for about Rs 106 crore....... More....

L&T BUYS 4.2% STAKE IN DELHI BASED KALINDEE RAIL NIRMAN ENGINEERS : THE country’s largest engineering firm Larsen & Toubro (L&T) has picked up 4.2% stake in Delhi based Kalindee Rail Nirman.......More....

NOMURA BUYS LEHMAN’S BACK-OFFICE OPS IN INDIA : EMPLOYEES of Lehman Brothers back-office in Mumbai heaved a sigh of relief as Japan’s brokerage house Nomura Holdings...... More....

SPANCO, SPICE MERGE BPO ARMS FOR 50:50 JV : SPANCO BPO and the Omnia BPO Services of Spice Televentures have merged to form a 50: 50 joint venture for domestic BPO......... More....

LUFTHANSA INVESTS $700M FOR A FORAY INTO INDIAN CARGO BIZ : LUFTHANSA Cargo, the airline subsidiary of German carrier Lufthansa Airline Group, one of the largest airlines in Europe..... More....

TCS CONCLUDES DEAL TO ACQUIRE CITIGROUP GLOBAL SERVICES LTD (CGSL) IN $505-M DEAL : INDIA’S largest IT service provider Tata Consultancy Services (TCS) has concluded a deal to acquire Citigroup Global Services.....More....

TATAS ACQUIRE 50.3% IN NORWEGIAN E-VEHICLE MAJOR FOR RS 9.4 CRORE : TATA Motors has acquired a 50.3% holding in Norway-based electric vehicle major Miljo Grenland/Innovasjon for Kroner 12.....More....

SAIL SIGNS MOU WITH L&T FOR POWER PLANTS : A Memorandum of Understanding (MoU) was signed between Steel Authority of India Limited (SAIL) and Larsen & Toubro Limited (L&T), to jointly set up, develop, manage and own captive/independent power plant/s at suitable location/s to meet future power requirements of SAIL. The scope of agreement also includes exploration of opportunities to own captive thermal coal blocks to cater to the power plant requirements.....More....