regulatory approvals

Canada’s Nexen oil company shareholders approve Chinese takeover for $15.1 billion


September 22nd, 2012 - 9:21 pm ICT by BNO News
CALGARY, CANADA (BNO NEWS) -- Canadian oil and gas company, Nexen Inc., on Thursday announced that its shareholders have approved the proposed takeover by China National Offshore Oil Company (CNOOC).The Plan of ... Read more...

Posted in Business |

Reliance Cap concludes stake sale to Nippon Life for $290 mn


August 17th, 2012 - 1:41 pm ICT by IANS
Mumbai, Aug 17 (IANS) Reliance Capital, a part of the Anil Ambani Group, Friday said it has concluded its 26-percent stake sale to Japan's Nippon Life for $290 million, pushing ... Read more...

Posted in Business |

Cairn India and PetroSA deal on oil exploration in South Africa


August 16th, 2012 - 10:17 pm ICT by IANS
New Delhi, Aug 16 (IANS) Oil and gas producer Cairn India Thursday signed a farm-in agreement with PetroSA, South Africa's national oil company, for crude oil and natural gas exploration ... Read more...

Posted in Business |

SpiceJet to start daily flights to Dubai


June 8th, 2012 - 7:03 pm ICT by IANS
New Delhi, June 8 (IANS) Budget carrier SpiceJet Friday said it would add Dubai as the third international destination to its network by daily operating direct Delhi-Dubai and Mumbai-Dubai flights ... Read more...

Posted in Business |

Air India to import jet fuel directly


June 7th, 2012 - 9:02 pm ICT by IANS
New Delhi, June 7 (IANS) Air India wants to directly import jet fuel that would help the national carrier save around Rs.300 crore annually.To do this, the airline will seek ... Read more...

Posted in Uncategorized |

Vedanta to consolidate subsidiaries into single entity


February 25th, 2012 - 3:53 pm ICT by IANS
Mumbai, Feb 25 (IANS) In a bid to simplify operations and save costs, mining major Vedanta Resources Saturday proposed to consolidate its various subsidiaries into a single group company ... Read more...

Posted in Business |

Etihad Airways to fly non-stop daily to Washington


February 24th, 2012 - 12:40 am ICT by IANS
Abu Dhabi, Feb 23 (IANS/WAM) Etihad Airways Thursday announced the launch of non-stop daily flights to Washington, the airline's fourth destination in North America, from March 31 2013.Etihad Airways' new ... Read more...

Posted in Business |

Kingfisher Airlines CEO summoned to explain cancellations


February 20th, 2012 - 5:56 pm ICT by IANS
New Delhi, Feb 20 (IANS) India's aviation watchdog has summoned chief executive of cash-strapped Kingfisher Airlines Sanjay Aggarwal Tuesday to explain the large-scale disruption of its operations that continued for ... Read more...

Posted in Business |

Nippon Life to invest $290 mn in Reliance Capital arm (Lead)


January 19th, 2012 - 4:24 pm ICT by IANS
Mumbai, Jan 19 (IANS) Anil Ambani-led Reliance Capital Thursday said Japan's largest private life insurer Nippon Life will acquire a 26 percent stake in the group's asset management company for ... Read more...

Posted in Business |

Nippon Life to buy into Reliance Group arm


January 19th, 2012 - 3:31 pm ICT by IANS
Mumbai, Jan 19 (IANS) Anil Ambani-led Reliance Capital Thursday said Japan's Nippon Life will acquire a 26-percent stake in the group's asset management company for $290 million, taking the overall ... Read more...

Posted in Business |

Samsung to acquire Sony stake in LCD joint venture


December 26th, 2011 - 7:38 pm ICT by IANS
New Delhi, Dec 26 (IANS) South Korean Samsung Electronics will buy Japanese Sony Corporation's stake in their joint liquid crystal display (LCD) venture for 1.08 trillion won ($939 million).The two ... Read more...

Posted in Business |

Sony to acquire Ericsson’s stake in joint venture for $1.47 bn


October 27th, 2011 - 5:49 pm ICT by IANS
New Delhi, Oct 27 (IANS) Swedish telecom equipment manufacturer Ericsson Thursday said Sony Corp would acquire its stake in their joint venture -- Sony Ericsson Mobile Communications -- for Euro ... Read more...

Posted in Business |

Reliance Mutual looking for foreign partners to go global


October 2nd, 2011 - 2:54 pm ICT by IANS
Phuket (Thailand), Oct 2 (IANS) Reliance Capital Asset Management (RCAM) is looking for a foreign partner like Japanese Nippon Life Insurance to facilitate its mission of going global and is ... Read more...

Posted in Business |

Reliance Capital mulling bonus, banking entry: Ambani


September 27th, 2011 - 1:17 pm ICT by IANS
Mumbai, Sep 27 (IANS) Reliance Capital could consider a bonus issue and make an entry into the banking sector even as it hopes to conclude soon a 26-percent stake sale ... Read more...

Posted in Business |

Don’t delay infrastructure, Pranab tells western states


September 17th, 2011 - 7:04 pm ICT by IANS
Mumbai, Sep 17 (IANS) Union Finance Minister Pranab Mukherjee Saturday urged chief ministers of India's western states to ensure speedy approval for various infrastructure projects which are held up ... Read more...

Posted in Business |

Google to buy Motorola Mobility for $12.5 bn


August 16th, 2011 - 2:52 am ICT by IANS
Washington, Aug 16 (IANS) Google Inc. Monday announced that it has agreed to buy Motorola Mobility Holdings Inc. for about $12.5 billion, the largest purchase for the Internet search giant ... Read more...

Posted in Business |

Max India to acquire Warburg Pincus’s stake in Max Healthcare


June 17th, 2011 - 8:47 pm ICT by IANS
New Delhi, June 17 (IANS) The Analjit Singh-promoted Max India Friday said that it has got approval for acquisition of private equity firm Warburg Pincus group's entire shareholding of 16.37 ... Read more...

Posted in Business |

Non-life insurers’ merger norms discriminatory: Experts


June 12th, 2011 - 5:55 pm ICT by IANS
Chennai June 12 (IANS) The merger and amalgamation (M and A) regulations notified by the Insurance Regulatory and Development Authority (IRDA) is discriminatory, inconsistent with the Insurance Act, say industry ... 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 |

GMR Infrastructure divests stake to Chinese company


April 12th, 2011 - 5:42 pm ICT by IANS
New Delhi, April 12 (IANS) GMR Infrastructure Tuesday said it had completed the divestment of 50 percent stake in power generation firm InterGen to China's Huaneng Group for over $1.2 ... Read more...

Posted in Business |

Reliance Capital net profit up 68 percent


February 12th, 2011 - 7:58 pm ICT by IANS
oMumbai, Feb 12 (IANS) Reliance Capital Saturday reported a total income of $305 million for the quarter ended Dec 10 and said its consolidated net profit, at $24 million, was up 68 ... Read more...

Posted in Business |

Tamil Nadu to get new marine biotech park


January 31st, 2011 - 2:37 pm ICT by IANS
Chennai, Jan 31 (IANS) A marine biotechnology park will soon be set up near Mamallapuram in Tamil Nadu while the state will also get a medicinal plant biotech park, Deputy Chief Minister ... Read more...

Posted in Sci-Tech |

iGate acquires majority stake in Patni Computers


January 10th, 2011 - 4:35 pm ICT by IANS
Mumbai/Bangalore, Jan 10 (IANS) US software company iGate along with private equity firm Apax Partners has agreed to acquire a majority stake in Indian software services major Patni Computer Systems Monday for ... Read more...

Posted in Business |

Attachmate Corp. to acquire Novell for $2.2 billion


December 28th, 2010 - 9:50 pm ICT by BNO News
HOUSTON, TEXAS (BNO NEWS) -- Attachmate Corporation has announced the signing of a definitive agreement to acquire Novell, Inc. for approximately $2.2 billion.Attachmate would be paying a purchase price of $6.10 per ... Read more...

Posted in Technology Industry News |

Tatas now acquire British Salt for $144.6 million


December 20th, 2010 - 4:47 pm ICT by IANS
Mumbai, Dec 20 (IANS) Now half of Britain will be using Tata salt. The group has acquired the dominant salt-maker company which has the 50 percent share of the British market.Tata Chemicals's ... Read more...

Posted in Business |

Kingfisher Airlines, American Airlines to share codes


November 23rd, 2010 - 7:56 pm ICT by IANS
Mumbai, Nov 23 (IANS) Kingfisher Airlines Tuesday said it will enter into code-sharing and frequent flyer programme with American Airlines in 2011, after the receipt of regulatory approvals."The code share on ... Read more...

Posted in Business |

Reality check on Sensex and India’s realty industry (Comment)


October 7th, 2010 - 3:58 pm ICT by IANS
By Vinod Behl After the trough of 8,160 points, the recent turnaround in Indian stock markets that has lifted the 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) past the ... Read more...

Posted in Business |

Unilever to acquire St. Ives and VO5 manufacturer Alberto Culver for $3.7 billion


September 27th, 2010 - 9:45 pm ICT by BNO News
MELROSE PARK, ILLINOIS (BNO NEWS) -- Unilever has acquired Alberto Culver Company (ACC), which manufactures important beauty care brands such as TRESemme, Alberto VO5, and St. Ives, for approximately $3.7 billion, ACC ... Read more...

Posted in Business |

CWG 2010: Indian officials say they have proved all venues are safe


September 7th, 2010 - 3:14 pm ICT by ANI
New Delhi, Sept.7 (ANI): Indian officials associated with the preparations of the 2010 Commonwealth Games to be held in New Delhi from October 3 to 14, have claimed that they have delivered ... Read more...

Posted in National |

NDTV says in talks for its lifestyle business


August 19th, 2010 - 1:16 pm ICT by ANI
New Delhi, Aug.19 (ANI): New Delhi Television Ltd. (NDTV) has revealed that it is in talks for a "strategic alliance" for its lifestyle business."The proposed alliance is only at the stage of ... Read more...

Posted in Business |

Disney sells Miramax for $660 million to Filmyard Holdings


July 31st, 2010 - 1:48 am ICT by BNO News
BURBANK, CALIFORNIA (BNO NEWS) – Miramax Films was sold on Thursday for $660 million to Filmyard Holdings LLC, which partners include Los Angeles businessman Ron Tutor, Tom Barrack, Colony Capital LLC and ... Read more...

Posted in Business, Entertainment |

Indian generic drugs to get easy access to Singapore


May 11th, 2010 - 6:22 pm ICT by IANS
New Delhi, May 11 (IANS) An Indian generic drug, which has got regulatory approvals in the US, Britain, EU, Canada and Australia, can now access the Singapore market without going through the ... Read more...

Posted in Business |

Nepal’s Buddha Air to fly to Kolkata, Patna, Lucknow


April 19th, 2010 - 7:47 pm ICT by IANS
Kolkata, April 19 (IANS) Nepali private airline Buddha Air is planning to operate flights from Kathmandu to Kolkata, Patna and Lucknow from August, the company said here Monday. The airline has been allowed ... Read more...

Posted in Business |

Triveni in joint venture with GE to produce steam turbines


April 15th, 2010 - 3:19 pm ICT by IANS
Mumbai, April 15 (IANS) U.S. multinational General Electric's energy arm and Indian engineering firm Triveni Thursday announced a joint venture, GE Triveni, to manufacture, sell and service steam turbines of 30-100 MW ... Read more...

Posted in Business |

Orchid Chemicals completes business transfer to Hospira


March 31st, 2010 - 2:26 pm ICT by IANS
Chennai, March 31 (IANS) City-based drug maker Orchid Chemicals & Pharmaceuticals has completed the sale and transfer of its generic injectable finished dosage business to Hospira Healthcare India Pvt Ltd, a ... Read more...

Posted in Business |

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