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INDIA BUSINESS WORLD - NOVEMBER 16th - NOVEMBER 30th
- 2007
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
GTL INTERNATIONAL ACQUIRES MALAYSIAN NETWORKING CO FOR $25M : GTL International, the wholly owned international subsidiary of GTL, has acquired ADA Cellworks, a network planning and optimisation player in Malaysia, for $25 million in an all cash More....
RAYTHEON IN MOU WITH FIVE DOMESTIC FIRMS : Five Indian defence equipment makers and technology providers, Larsen & Toubro (L&T), Wipro, Bharat Electronics (BEL), Godrej & Boyce and Data Patterns India have signed an alliance More....
BCCL PICKS STAKE IN CRI INDIA : Bennett, Coleman & Co Ltd (BCCL), the publisher of The Economic Times and The Times of India, has acquired a stake in Clinical Research Institute (India), a Mumbai based institute More....
MERRILL PICKS 49% IN 7 DLF PROJECTS : Merrill Lynch (ML) has acquired 49% equity stake in seven residential projects of DLF for Rs 1,481 crore. The real estate major has also diluted 49% stake in another residential project in Panchkula to Brahma More....
WPP DIGITAL BUYS 75% STAKE IN QUASAR : WPP Digital has announced that it has acquired a 75% stake in Quasar Media, a subsidiary of the 100% promoter-held Smile Interactive Technology Group, which specialises in digital marketing More....
GTL, IDFC INK DEAL FOR TELECOM TOWER BUSINESS : GTL Infrastructure (GTIL) and IDFC Project Equity Company have signed an agreement to take up acquisition opportunities in the telecom tower infrastructure business. The two firms will jointly pursue More....
RAYTHEON INKS MOU WITH L&T FOR IAF AIRCRAFT : The US-based defence contractor Raytheon has signed a memorandum of understanding (MoU) with Indian engineering giant Larsen and Toubro (L&T) for developing fighter aircraft for the Indian Air Force More....
JYOTI CNC ACQUIRES FRENCH MACHINE TOOL CO FOR RS 240 CR : Rajkot-based Jyoti CNC Automation has acquired French machine tool company Huron Graffenstaden for around Rs 240 crore, in an all cash deal More....
SOROS BUYS INTO BIYANI'S FUTURE CAPITAL : George Soros' Quantum Fund has picked up an undisclosed stake in Future Capital Holdings (FCH), the financial services arm of Kishore Biyani's Future Group, it is reliably learnt More....
INFO DRIVE TAKES 51% STAKE IN PRECISION : Info Drive Software has acquired a majority stake in Chennai-based Precision Group for Rs 9 crore. The company said it would pick up 51% stake in Precision Infomatic, including its four subsidiaries, More....
NICHANI-CORDEA JOINT VENTURE RAISING $200 M FOR REALTY FUND : Cordea Savills, the UK-based property fund manager has announced that it entered into a joint venture with the Nichani Group to float a real estate fund-Cordea Nichani Fund Managers More....
CITI VENTURE PICKS UP 30% IN UNIMARK : US-BASED private equity fund Citi Venture Capital (CVC) has picked up nearly 30% stake in Mumbai-based bulk drug maker Unimark Remedies for Rs 113 crore. The transaction, one of the largest investments More....
ISGN TECHNOLOGIES ACQUIRES INUVA : ISGN Technologies, a technology firm focussing on the US mortgage industry, has acquired Kolkatta based Inuva for an undisclosed amount. Inuva is a provider of information processing, More....
VALUEMART INFO ACQUIRES 74% STAKE IN DATATALK SERVICES : City-based IT and BPO company Valuemart Info Technologies has announced that it has acquired a 74% stake in Datatalk Services (India). Financial details of the transaction were not disclosed. Post-acquisition, Datatalk will be a subsidiary of Valuemart More....
MITSUI PICKS UP 20% STAKE IN INDIAN STEEL : Japanese major Mitsui & Co has increased its stake in Indian Steel Corporation (ISC) to 20% from the present 10%. ISC is a Ruchi group company and manufactures cold-rolled steel, galvanised and colour-coated More....
PYRAMID SAIMIRA BUYS 51% IN DIMPLES CINE : Pyramid Saimira, the entertainment company, has acquired 51% in the Mumbai-based Dimples Cine Advertising & Dimples Cine Activations for an undisclosed sum. Dimples Cine will continue to remain headquartered in Mumbai More....
DSKDL-GTC JOINT VENTURE TO DEVELOP MULTI-SERVICE SEZ IN PUNE : The Pune-based real estate developer DS Kulkarni Developers (DSKDL) has formed a joint venture with the Netherlands-based investment company Kadaran to develop its 250-acre multi-service More....
BPCL APPROVES ACQUISITION OF 2.5% STAKE IN OIL : The board of Bharat Petroleum Corporation (BPCL) has approved the acquisition of 53.5 lakh shares or 2.5% of Oil India (OIL) from the government of India in a pre-IPO placement. The sale and purchase shall be completed within forty eight hours More....
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