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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.
NEW DEVELOPMENTS AND JOINT VENTURES
PARIS BASED IPSOS ACQUIRES MAJORITY STAKE IN INDIA'S INDICA RESEARCH :Paris-based global market research major Ipsos has picked up 75% stake in Indica Research Group, a mid-sized Indian market research company. The Rs 14.6-crore Indica Research will, however, continue to be managed by... More....
SINTEX ACQUIRES US-BASED NERO PLASTICS :Plastics product maker Sintex Industries said it has acquired US-based Nero Plastics Inc for an undisclosed amount, through its downstream subsidiary Wausaukee Composites mc, (WCI). Prior to the acquisition... More....
CITI VENTURE CAPITAL (CVC) PICKS 7% STAKE IN DELHI'S SHIV-VANI OIL & GAS EXPLORATION SERVICES FOR RS 100 CR :Global private equity major Citi Venture Capital (CVC) has picked up nearly 7% stake in Delhi-based oil and gas company Shiv-Vani Oil and Gas Exploration Services for Rs 100 crore. Post CVC's investment, Merrill Lynch...More....
QUANTUM PICKS 5.8% IN GUJARAT AMBUJA EXPORTS :George Soros investment arm Quantum Fund picked up 5.8% stake in the Ahmedabad-based Gujarat Ambuja Exports (GAEL), an agro-processing firm. The fund is expected to have invested around Rs 56 crore to pick shares...More....
GAIL, RIL SIGN MOU FOR PETROCHEMICAL PROJECT ABROAD : Reliance Industries and Gail have joined hands to set up a multibillion dollar petrochemical plant in gas-rich Middle-East, Central Asia or Russia. "It will be a mega petrochemical plant with a capacity of...More....
TATA POWER COMPANY, MONNET ISPAT & JINDAL PHOTO IN JOINT VENTURE FOR ORISSA COAL MINE : The Tata Power Company (TPC), Monnet Ispat and Energy and Jindal Photo Film are forming a joint venture company to develop a 290-million tonne (mt) coal mine at Mandakini in Orissa. The companies, which are building...More....
UNION BANK, BOI, DAI-ICHI IN INSURANCE JOINT VENTURE :UNION Bank of India, Bank of India and Japan-based Daiichi Mutual Life Insurance has floated a life insurance joint venture company with an initial authorised capital... More....
DELHI INTERNATIONAL AIRPORT (DIAL) INKS PACT WITH BANKS FOR LOANS WORTH RS 4,940 CRORE :Delhi International Airport (DIAL) signed pacts with 12 banks to secure a loan aggregating to Rs 4,940 crore. The JV plans to invest Rs 8,900 crore over the next three years to...More....
BHARTI, VODAFONE, IDEA MERGE TOWER UNITS, FORM NEW CO :India's leading GSM players Bharti Airtel, Vodafone Essar and Idea Cellular have announced the merger of their wireless infrastructure businesses in 16 circles to share 70,000 tower units ... More....
DLF INKS MUTUAL FUND JOINT VENTURE DEAL WITH PRUDENTIAL FINANCIAL OF US :The biggest listed developer in India, DLF Ltd, is partnering with Prudential Financial Inc., one of the largest life insurance companies in the US, for an asset management company as it looks... More....
ENGINEERS INDIA (EIL), TATAS TO FORM 50:50 JOINT VENTURE :Tata Group and state-run Engineers India (EIL) will form a joint venture for doing engineering consultancy and construction projects in India and abroad. "We have signed a memorandum of understanding (MoU) with Tata Projects... More....
SAGE CAPITAL PICKS 8% STAKE IN INNOVATIVE B2B LOGISTICS :Sage Capital Advisors (SCA), the Mumbai-based private equity firm has picked up an 8% stake in Innovative B2B Logistics Solutions, a Delhi-based private cargo train operating company. According to sources.... More....
COGNIZANT PARTNERS WITH CSAA :Cognizant has entered into a multi-year partnership with the California State Automobile Association (CSAA) to provide services such as business consulting, specialized software and service implementation... More....
HERO MOTORS IN JOINT VENTURE WITH JAPAN'S KIRIU FOR AUTO PARTS PLANT :HERO Motors, part of the $4.3-billion Hero Group, is going global with aggressive plans in the automotive components space. The company entered into a joint-venture with Kiriu Corporation of Japan to manufacture...More....
DOW, KUWAIT PETROLEUM FORM PETROCHEMICALS JOINT VENTURE :DOW Chemical Co and a unit of Kuwait Petroleum Corp said that they will form a petrochemicals joint venture to link the Middle East company's vast energy supply with Dow's industry-leading...More....
ICICI, IL&FS, KOTAK BUY STAKES, GIVE MCX $1B TAG :Leading financial services groups ICICI, IL&FS and Kotak have bought a combined 9.55% stake in the country's largest commodity derivatives exchange, Multi Commodity Exchange... More....
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