|
INDIA BUSINESS WORLD - DECEMBER 1st - DECEMBER 15th
- 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.
BUSINESS NEWS
PORTUGUESE CEMENT MAJOR CIMPOR BUYS GRASIM'S 53% IN SHREE DIGVIJAY: CIMPOR, the Portuguese cement major, has agreed to buy Grasim Industries' 53.3% in Shree Digvijay Cement for about Rs 322 crore, gaining entry into the world's second-largest cement market, reports Our Bureau...More....
INFOCROSSING HEALTHCARE SERVICES BAGS $407-M CONTRACT : Infocrossing Healthcare Services, a subsidiary of Wipro, has bagged a multi-year contract to provide fiscal agent services to Missouri's MO HealthNet programme for $407 million...More....
RANBAXY GETS USFDA NOD TO MARKET TWO ARV DRUGS : RANBAXY Laboratories has received US Food and Drug Administration's (USFDA) approval to manufacture and market two paediatric anti-retroviral (ARV) drugs, Coviro-LS kid and Coviro-LS kid DS...More....
ESSAR POWER TO SELL 10% TO PE COS FOR $700 M :The Ruia-controlled Essar Power (EPL) is offloading 10% stake to private equity investors to raise up to $700 million. The equity of the company is valued at $7 billion, sources...More....
MADRAS HIGH COURT CONFIRMS INJUNCTION AGAINST INVESTORS IN TAMILNAD MERCANTILE BANK :Madras High Court has confirmed an interim injunction restraining six new investors in Tamilnad Mercantile Bank from exercising their rights as shareholders and selling their shares. Justice R Banumathi, in an order,...More....
RANBAXY GETS USFDA NOD TO MARKET GENERIC COPY OF ALZHEIMER'S DRUG ARICEPT : Ranbaxy Laboratories has received tentative approval from the US Food and Drug Administration (USFDA) to manufacture and market donepezil hydrochloride, the generic copy of Alzheimer's drug Aricept...More....
IBM WINS 5-YR IT DEAL FROM VODAFONE : VODAFONE has announced that it will outsource all its IT operations of its Indian arm, Vodafone Essar, to IBM Corp for five years, but did not specify the value of the deal. Industry sources estimate the five-year contract...More....
HERO GROUP BUYS UK'S DALGLEN FOR RS 320 CR : HERO Group has acquired British BPO and call centre company Dalglen for £40 million (Rs 320 crore). Dalglen has a large presence in Scotland. It is one of the largest call centres in Europe...More....
BANKS, FIS BUY 9% IN GMR INFRA FOR $1 B : A clutch of domestic banks and foreign financial investors has picked up around 9% stake in GMR Infrastructure, the flagship company of GMR Group, for around $1 billion, through a qualified institutional placement...More....
FRANCE BASED VENDOR ALCATEL BAGS $350M DEAL FROM RCOM : FLAG Telecom, the wholly-owned subsidiary of Reliance Communications, has awarded a contract estimated at $350 million to France-based vendor Alcatel to build...More....
OMANESE PE FIRM TO BUY 15% STAKE IN INDIA'S ALMONDZ GLOBAL : Oman-based private equity firm Al Anwar Holdings SAOG is buying 14.99% stake in a financial services company Almondz Global Securities (AGSL). The deal, at Rs 85 a share, through a preferential allotment of shares,...More....
REL BAGS RS 3,725-CR EPC CONTRACT FROM DAMODAR VALLEY CORPORATION :The Anil Ambani group company Reliance Energy has bagged an engineering, procurement and construction (EPC) contract from Damodar Valley Corporation (DVC) to set up the 1,200 mw coal-based power station... More....
|
