DELHI-based auto component maker Amtek Auto has entered into a 50:50 joint venture with Sumitomo Metals which is part of Sumitomo Corporation of Japan. The Rs 100-crore JV will produce and sell fo More

ENGINEERING and construction company Punj Lloyd is exiting real estate business by ending its two-year-old joint venture with NCR-based realty firm Ramprastha group. Ramprastha group will buy Punj More

Norway-based Telenor has completed the acquisition for a 49% stake in Unitech Wireless as it paid Rs 1,130 crore in the second tranche for a further 15.5% stake in the company. "Unitech Wireless More

The Yash Birla group has acquired Melstar Information Technologies, a city-based IT services firm. Post-acquisition, the board of Melstar has been reconstituted with Yash Birla as chairman, PVR More

THE KK Modi Group is acquiring 10.8% stake in Godfrey Phillips India (GPI) from joint venture partner US-based tobacco firm Philip Morris for an estimated Rs 100-125 crore. The deal will bring dow More

TELECOM service provider Etisalat-Swan has bought out Allianz Infratech marking the first acquisition among the new companies who were given telecom licences last year. Etisalat-Swan has also got More

Power utility NTPC has tied up Rs 25,000-crore debt to part-finance its capital expenditure plan during the 11th Five Year Plan, company chairman RS Sharma said. The PSU was to entail a capital More

IN A move to consolidate its operations, the board of consumer products major Godrej Consumer Products has approved the merger of two group entities Godrej ConsumerBiz Pvt Ltd and Godrej Hygiene C More