INDIA BUSINESS WORLD - November 16th - December 31st 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
MEDICAL TECHNOLOGY FIRM TRIVITRON TIES UP WITH NASDAQ-LISTED HOLOGIC : City-based Medical technology firm Trivitron has forged an alliance with the $1.7-billion Nasdaq-listed Hologic, a technology leader in women's...... More....
RELIGARE ARM BUYS 100% STAKE IN BANGALORE-BASED LIFETIME HEALTHCARE : RELIGARE Wellness (formerly Fortis Healthworld), the privately-held pharma retail chain owned by Malvinder and Shivinder Singh, has bought 100% stake in Lifetime Healthcare for an undisclosed amount.......More....
SAMSUNG MERGES ELECTRONICS AND TELECOM BUSINESSES IN INDIA : KOREAN chaebol Samsung has merged its consumer electronics and telecom (read mobile phone) businesses in India. Accordingly, Samsung Telecommunications India is being merged into Samsung India Electronics...... More....
AJAY PIRAMAL-PROMOTED REAL ESTATE FUND, INDIAREIT SNAPS UP 15% IN NEPTUNE GROUP, THE RS 300-CR EQUITY DEAL BEING THE FIRST OF ITS KIND BETWEEN A REALTY FUND & PROPERTY DEVELOPER : AJAY Piramal-promoted real estate fund IndiaReit has acquired about 15% equity stake in Mumbai-based developer Neptune Group for around Rs 300 crore. The deal assumes significance as it is the first entity-level deal a property ........ More....
TIMESOFMONEY TIES UP WITH BARCLAYS FOR REMITTANCES : TIMESOFMONEY has announced a tie-up with Barclays to launch the bank's remittance service —Barclays Online Money Transfer — for its customers in the UK..... More....
PRIVATE EQUITY FIRM BLACKSTONE ACQUIRES DOMESTIC IT BIZ OF CMS COMPUTERS : PRIVATE equity firm Blackstone has picked up a majority stake in a venture consisting of the domestic IT business of CMS Computers and its card printing, printing solutions and ATM cash management business.....More....
MANIPAL BUYS OUT ANTIGUA UNIVERSITY : IN ONE of the biggest cross-border deals in the education space, Manipal Education has acquired the entire shareholding of American University of Antigua (AUA) from New York-based Greater Caribbean Learning Resources.....More....
HCL COMPLETES AXON BUYOUT : HCL Technologies, India's fifth largest IT services firm by sales has closed the acquisition of UK-based Axon Group for £441 million ($658 million), marking the largest tech buyout by an Indian firm. HCL Axon.....More....
AREVA INKS PACT WITH NUCLEAR POWER CORPORATION OF INDIA (NPCIL) TO SUPPLY 300 TONNES OF URANIUM : FRENCH energy firm Areva, the world’s largest nuclear power company, has signed an agreement with government-run monopoly Nuclear Power Corporation of India (NPCIL) to supply about 300 tonnes.....More....
SUZUKI BUYS OUT ITS PARTNER’S 26% STAKE IN THE TWO-WHEELER JV SUZUKI MOTORCYCLE INDIA (SMIPL) FOR RS 200 CRORE : SUZUKI Motor Corporation (SMC) has bought out its local partner Satya Sheel Khosla and family in the two-wheeler JV Suzuki Motorcycle India (SMIPL). The Japanese automaker, which is also present in the Indian four-wheeler market through Maruti Suzuki, is estimated to have picked 26%.....More....
NATIONAL AEROSPACE LABORATORIES (NAL)TIES UP WITH M&M FOR 4 TO 5-SEATER GENERAL AVIATION AIRCRAFT : THE National Aerospace Laboratories (NAL), Bangalore, has entered into the first public-private JV in the aircraft design in the country with Mahindra and Mahindra (M&M) to produce General Aviation Aircraft.....More....
VISHAL RETAIL TIES UP WITH MOTHER DAIRY FOR FRUIT & VEG BIZ : MODERN retail chain operator Vishal Retail has struck a deal with Mother Dairy to outsource its fruit and vegetable business. Mother Dairy, which sells milk and milk products, besides fruit and vegetables........More....
WIPRO BUYS CITI’S IT ARM CITOS IN $127-M DEAL : WIPRO Technologies has announced that it is buying the IT arm of Citigroup in India for around $127 million in a deal that could yield contracts worth up to $1 billion from the global financial services provider........More....
PWC INDIA BUYS MANAGEMENT CONSULTANCY OUTFIT EICHER CONSULTANCY SERVICES : PRICE WATER HOUSE COOPERS India, a leading audit and consulting services firm, has acquired ECS, earlier known as Eicher Consultancy Services, according to an industry executive with direct knowledge of the transaction......More....
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