majority stake

Shree Ganesh’s solar projects in UP, Bihar likely by Oct


August 24th, 2012 - 11:42 pm ICT by IANS
Kolkata, Aug 24 (IANS) City-based jewellery maker Shree Ganesh Jewellery House (SGJHL), which had earlier forayed into solar power business, Friday said it was hopeful of commissioning its proposed solar ... Read more...

Posted in Business |

Ma Foi acquires Axis-V e-learning company


July 26th, 2012 - 12:43 am ICT by IANS
Chennai, July 25 (IANS) City-based Ma Foi Strategic Consultants operating in the field of strategic consulting, market research and management education ventured into e-learning domain by acquiring 51 percent stake ... Read more...

Posted in Business |

Maruti may opt for CISF cover for Manesar plant


July 23rd, 2012 - 7:09 pm ICT by IANS
New Delhi, July 23 (IANS) Shaken by the violent attack on its executives and rioting at its Manesar plant, Maruti Suzuki is toying with the idea of opting for ... Read more...

Posted in Business |

Indian security solutions provider acquires British firm


July 15th, 2012 - 8:03 pm ICT by IANS
Mumbai, July 15 (IANS) Mumbai-based security solutions provider Topsgrup said Sunday it had completed the acquisition of British security firm The Shield Guarding Company Limited.Acquired for 19.5 million pounds, The ... Read more...

Posted in Uncategorized |

Murugappa group plans Rs.1,000 capex in 2012-13


May 10th, 2012 - 9:37 pm ICT by IANS
Chennai, May 10 (IANS) The Chennai-based Rs.22,314 crore-turnover industrial conglomerate Murugappa group is planning to spend around Rs.1,000 crore capex this fiscal in expanding its various businesses while looking out ... Read more...

Posted in Uncategorized |

ICRA Techno Analytics to pick up majority stake in US firm


May 8th, 2012 - 7:17 pm ICT by IANS
Kolkata, May 8 (IANS) City-based software company ICRA Techno Analytics (ICTEAS) will shortly acquire the majority stake in BPA Technologies Inc, a California-based business consulting and technology services firm, ... Read more...

Posted in Business |

Shree Ganesh jewellery aims to generate 500 MW solar power


April 12th, 2012 - 11:57 pm ICT by IANS
Kolkata, April 12 (IANS) Kolkata-based jewellery maker Shree Ganesh Jewellery House Ltd (SGJHL), which recently forayed into solar power business, Thursday said it is aiming to scale up its generation ... Read more...

Posted in Business |

Coal India ordered to sign fuel supply pact with power firms


April 3rd, 2012 - 9:23 pm ICT by IANS
New Delhi, April 3 (IANS) The government Tuesday ordered Coal India to sign fuel supply agreements (FSAs) with power producers committing at least 80 percent assured supply.A presidential directive issued ... Read more...

Posted in Business |

CBI questions Vectra chief (Lead)


April 3rd, 2012 - 1:26 am ICT by IANS
New Delhi, April 2 (IANS) The Central Bureau of Investigation (CBI) Monday questioned the owner of Britain-based Vectra group Ravi Rishi for four hours in connection with alleged irregularities in ... Read more...

Posted in Uncategorized |

Supreme Court to hear PIL against Cairn-Vedanta deal


February 27th, 2012 - 9:09 pm ICT by IANS
New Delhi, Feb 27 (IANS) The Supreme Court will hear March 2 a suit that wants the acquisition of Cairn India, the nation's biggest onshore oil deposit, by Anil Agarwal-promoted ... Read more...

Posted in Business |

Tunnelling work of Kolkata’s East-West Metro inaugurated


February 26th, 2012 - 1:11 am ICT by IANS
Kolkata, Feb 25 (IANS) The tunneling work of the Rs.4,874 crore East-West Metro Corridor Project, linking the IT hub in Salt Lake with Howrah across the Hooghly river, was ... Read more...

Posted in Business |

Companies that were issued the 122 tainted telecom licences (Lead)


February 2nd, 2012 - 7:47 pm ICT by IANS
New Delhi, Feb 2 (IANS) The following are the 17 firms, some of which have since been sold out or merged, that were issued the 122 licences in 2008 - ... Read more...

Posted in Business |

Companies that were issued the 122 tainted telecom licences


February 2nd, 2012 - 6:13 pm ICT by IANS
New Delhi, Feb 2 (IANS) The following are the 17 firms, some of which have since been sold out or merged, that were issued the 122 licences in 2008 ... Read more...

Posted in Business |

Concast plans to set up Rs. 8 bn cement plant in Arunachal


February 2nd, 2012 - 1:30 am ICT by IANS
Kolkata, Feb 1 (IANS) Concast Group Wednesday said it is planning to set up a 1.2 million tonnes per annum (mtpa) cement plant at Arunachal Pradesh, pumping in an estimated ... Read more...

Posted in Business |

Government studying court ruling on Vodafone tax dispute


January 25th, 2012 - 7:00 pm ICT by IANS
New Delhi, Jan 25 (IANS) The Indian government is studying the Supreme Court verdict on UK telecom Vodafone's $2.2 billion tax liability and will take appropriate action accordingly, Finance ... Read more...

Posted in Business |

Pranab hopes to meet Rs.40,000 crore disinvestment target


November 18th, 2011 - 8:36 pm ICT by IANS
New Delhi, Nov 18 (IANS) The government has not revised downward the disinvestment target of Rs.40,000 crore for the current fiscal and was hopeful of meeting it, Finance Minister ... Read more...

Posted in Business |

Cream of Indian community, richest Australian felicitate Ansari


October 31st, 2011 - 9:51 am ICT by IANS
Perth, Oct 31 (IANS) The cream of the Indian community in Western Australia, prominent local politicians, cricketer Adam Gilchrist and, well, the richest Australian - all of them turned out ... Read more...

Posted in Uncategorized |

Foreign investment in pharma to face competition check


October 11th, 2011 - 3:09 pm ICT by IANS
New Delhi, Oct 11 (IANS) India will continue to allow 100 percent foreign direct investment in the pharmaceutical sector but the competition watchdog will keep a check on the ... Read more...

Posted in Business |

Lok Capital invests $3 million in rural BPO


September 15th, 2011 - 7:31 pm ICT by IANS
Bangalore, Sep 15 (IANS) Lok Capital venture fund Thursday said it has invested $3 million (Rs.1.44 crore) in RuralShores Business Services Ltd, a rural business process outsourcing (BPO) firm."RuralShores will ... Read more...

Posted in Business |

India gives conditional approval to Cairn-Vedanta deal


June 30th, 2011 - 10:19 pm ICT by IANS
New Delhi, June 30 (IANS) In a major relief to the Anil Aggarwal-led Vedanta Resources, the Indian government Thursday conditionally approved the company's plan to buy majority stake in ... Read more...

Posted in Business |

SBI gets government nod for rights issue


June 8th, 2011 - 8:07 pm ICT by IANS
Bangalore, June 8 (IANS) The government has consented to the proposed rights issue of the State Bank of India (SBI) for raising about Rs.20,000 crore ($4.4 billion) by December, ... Read more...

Posted in Business |

MakeMyTrip scouts for acquisitions in Asia Pacific


June 8th, 2011 - 11:41 am ICT by IANS
Phuket (Thailand), June 8 (IANS) Sensing opportunities in the growing Indian outbound holiday segment, travel trade major MakeMyTrip.com is looking to acquire companies to expand its presence in the Asia ... Read more...

Posted in Business |

Godrej Consumer Products buys majority stake in African hair care firm


June 1st, 2011 - 5:52 pm ICT by IANS
New Delhi, June 1 (IANS) FMCG major Godrej Consumer Products Ltd (GCPL) Wednesday said it has acquired a 51 percent stake in African hair care product company -- Darling ... Read more...

Posted in Business |

Cairn-Vedanta sale referred to CCEA for final decision: Reddy


May 27th, 2011 - 10:45 pm ICT by IANS
New Delhi, May 27 (IANS) A ministerial panel has come to a unanimous decision which will be sent to the cabinet to take a final call on the proposal of ... Read more...

Posted in Business |

Cairn extends deadline for wrapping up deal with Vedanta


May 19th, 2011 - 5:14 pm ICT by IANS
Mumbai, May 19 (IANS) London-based oil and gas exploration major Cairn Energy Thursday said it had extended the closing date for the sale of 40 percent stake in its Indian ... Read more...

Posted in Business |

Wipro acquires majority stake in Brazil-based manufacturer


May 11th, 2011 - 3:15 pm ICT by IANS
New Delhi, May 11 (IANS) Indian IT bellwether Wipro Ltd Wednesday said it has signed an agreement to acquire majority stake in Brazil-based hydraulic cylinder manufacturer RKM Equipamentos Hidraulicos."Subject to ... Read more...

Posted in Sci-Tech |

Tata steel sells majority stake in refractory unit


April 21st, 2011 - 5:57 pm ICT by IANS
Mumbai, April 21 (IANS) Tata Steel Thursday said it would sell 51 percent stake of its refractory unit -- Tata Refractories Ltd (TRL) -- to Japanese firm Krosaki Harima Corporation."The ... Read more...

Posted in Business |

American billionaireset to take over Gunners


April 11th, 2011 - 2:37 pm ICT by ANI
London, Apr.11 (ANI): American billionaire Stan Kroenke is set to acquire a majority stake in Arsenal.He is already the largest shareholder, having compiled more than 29 per cent, and has now ... Read more...

Posted in Sports |

Vodafone moves Supreme Court against tax claim


April 5th, 2011 - 8:35 pm ICT by IANS
New Delhi, April 5 (IANS) Telecom service provider Vodafone said Tuesday it has challenged in the Supreme Court the penalty levied by the income tax department on its acquisition of ... Read more...

Posted in Business |

CBI questions Karunanidhi’s wife, daughter in 2G scam (Third Lead)


March 11th, 2011 - 8:24 pm ICT by IANS
Chennai, March 11 (IANS) Tamil Nadu Chief Minister M. Karunanidhi's daughter Kanimozhi and wife Dayalu Ammal were Friday questioned for about three hours by the CBI in connection with ... Read more...

Posted in Uncategorized |

CBI questions Kanimozhi, Karunanidhi’s wife in 2G scam (Second Lead)


March 11th, 2011 - 5:44 pm ICT by IANS
Chennai, March 11 (IANS) Tamil Nadu Chief Minister M. Karunanidhi's daughter Kanimozhi and his second wife Dayalu Ammal were Friday questioned by the Central Bureau of Investigation (CBI) in connection ... Read more...

Posted in Politics |

CBI quizzes Kanimozhi, Dayalu Ammal on 2G spectrum scam (Lead)


March 11th, 2011 - 1:40 pm ICT by IANS
Chennai, March 11 (IANS) Key members of Tamil Nadu's first family, Chief Minister M. Karunanidhi's daughter Kanimozhi and his second wife Dayalu Ammal, were Friday questioned by the Central Bureau ... Read more...

Posted in Politics |

2G scam: Kanimozhi questioned by CBI, Dayalu Ammal in line


March 11th, 2011 - 1:06 pm ICT by IANS
Chennai, March 11 (IANS) DMK MP and Tamil Nadu Chief Minister M. Karunanidhi's daughter Kanimozhi was Friday being questioned by the Central Bureau of Investigation (CBI) in connection with the ... Read more...

Posted in Politics |

Kanimozhi to be quizzed soon on 2G spectrum (Roundup)


March 10th, 2011 - 7:24 pm ICT by IANS
New Delhi, March 10 (IANS) Kanimozhi, DMK MP and daughter of Tamil Nadu Chief Minister M. Karunanidhi, will be questioned by the CBI before March 31 in connection with the ... Read more...

Posted in Politics |

CBI to question Kanimozhi before March 31 (Lead)


March 10th, 2011 - 2:34 pm ICT by IANS
New Delhi, March 10 (IANS) Kanimozhi - a DMK MP and daughter of Tamil Nadu Chief Minister M. Karunanidhi - will be questioned by the CBI before March 31 in ... Read more...

Posted in Politics |

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