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India’s markets watchdog revises takeover norms


July 28th, 2011 - 9:03 pm ICT by IANS
Mumbai, July 28 (IANS) India's markets watchdog Thursday raised to 25 percent from the present 15 percent the trigger point for making an open offer when an ... Read more...

Posted in Business |

United India targets Rs.8,000 crore premium income


May 3rd, 2011 - 9:42 pm ICT by IANS
Chennai, May 3 (IANS) Government-owned non-life insurer United India Insurance Company Ltd. is targeting gross premium of around Rs.8,000 crore for the current fiscal, up from Rs.6,376.66 crore the company ... Read more...

Posted in Business |

Galleon fugitive Deep Shah located in India


March 5th, 2011 - 11:16 am ICT by IANS
New York, March 5 (IANS) A former Indian-American Moody's analyst, who was declared a fugitive two years ago in the case of Galleon Group founder Raj Rajaratnam, has been located ... Read more...

Posted in Business |

Liberalise oversees acquisition norms: CII


February 20th, 2011 - 5:39 pm ICT by IANS
New Delhi, Feb 20 (IANS) The growth of Indian multinational companies is severely restricted by the regulatory framework for cross-border transactions, the Confederation of Indian Industry (CII) has said in a memorandum ... Read more...

Posted in Business |

Expert panel suggests sweeping changes in takeover norms


July 19th, 2010 - 6:56 pm ICT by IANS
Mumbai, July 19 (IANS) An expert panel Monday asked the markets regulator to hike the minimum bid for corporate takeovers from 15 percent to 25 percent, which experts say will change the ... Read more...

Posted in Business |

Murugappa group plans to double turnover in 5 years


October 1st, 2009 - 5:04 pm ICT by IANS
By Venkatachari Jagannathan Chennai, Oct 1 (IANS) The Rs.15,600-crore diversified Murugappa group is planning major business expansion including acquisitions to more than double its turnover in five years, a top company official says.According ... Read more...

Posted in Business |

Bharti-MTN deal deadline ends Wednesday


September 29th, 2009 - 3:34 pm ICT by IANS
New Delhi, Sep 29 (IANS) The South African government is expected to take a decision on the much-awaited $23-billion Bharti-MTN telecom equity swap cum strategic alliance Tuesday, a day ... Read more...

Posted in Business |

Government may support Bharti-MTN deal


September 24th, 2009 - 12:36 am ICT by IANS
By Arvind Padmanabhan On Board Air India One, Sep 23 (IANS) The government may support the proposed $23-billion cash-cum-equity-swap deal between Bharti Airtel and South African telecom major MTN that seems to ... Read more...

Posted in Business |

India’s new takeover norms may scuttle Bharti-MTN deal


September 22nd, 2009 - 8:53 pm ICT by IANS
Mumbai, Sep 22 (IANS) The $23-billion equity swap deal proposed by Bharti Airtel and South Africa's MTN may hit turbulent weather with India's capital markets watchdog amending the merger and takeover norms ... Read more...

Posted in Business |

Maoist attack makes NALCO miss bauxite target


June 20th, 2009 - 2:39 pm ICT by IANS
By Jatindra Dash Bhubaneswar, June 20 (IANS) Bauxite production by the state-owned National Aluminium Co (NALCO) has fallen short of its target by 20 percent because of a Maoist attack on its mines ... Read more...

Posted in Business |

New takeover norms for special cases like Satyam


February 13th, 2009 - 7:55 pm ICT by IANS
Mumbai, Feb 13 (IANS) With a view to helping companies like fraud-hit Satyam Computer Services, India's markets watchdog Friday relaxed takeover norms, giving their reconstituted boards the power to lower the target ... Read more...

Posted in Business |

Daiichi says schedule for open offer for Ranbaxy may change (Lead)


August 2nd, 2008 - 6:04 pm ICT by IANS
New Delhi, Aug 2 (IANS) Japanese drug maker Daiichi Sankyo Saturday said the schedule of its open offer to acquire 92.5 million shares of Rs.5 each of Ranbaxy Laboratories, representing 20 percent ... Read more...

Posted in Business |

Daiichi says terms of open offer for Ranbaxy may change


August 2nd, 2008 - 3:47 pm ICT by IANS
New Delhi, Aug 2 (IANS) Japanese drug maker Daiichi Sankyo Saturday said its open offer to acquire 92.5 million shares of Rs.5 each of Ranbaxy Laboratories, representing 20 percent of its paid-up ... Read more...

Posted in Health Science |

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