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Investment/Acquisition News
SME News, Wednesday, Dec 12, 2012
KOLKATA: Cigarette-to-hotel conglomerate ITC Ltd. chairman Y.C. Deveshwar called on West Bengal Chief Minister Mamata Banerjee Tuesday and "reaffirmed" the group's commitment to invest Rs.3,000 crore in the state in the next three to five years, a company official ...
SME News, Tuesday, Dec 11, 2012
BANGALORE: Cargill announced having inked a pact with Wipro to gain the flagship Sunflower Vanaspati brand of the company. The company maintained in an official statement that the scope of the acquisition is limited to just the product brand. The acquisition will not only help to strengthen the ...
SME News, Monday, Dec 10, 2012
NEW DELHI: In its efforts to expedite the entry of multi-brand retailers and remove obstacles in effective implementation of FDI in multi-brand retail, the Sheila Dikshit-led state government is all set to bring a bill in the Winter session of assembly starting tomorrow.
With this, ...
SME News, Friday, Dec 07, 2012
NEW DELHI: The Upper House vote has cleared the deck for the implementation of Foreign Direct Investment (FDI) in multi-brand retail. The Rajya Sabha today voted against FDI in multi-brand retail to withdraw it.
As the Samajhwadi Party (SP) staging a walk-out, UPA II required less ...
SME News, Thursday, Dec 06, 2012
NEW DELHI: After winning multi-brand retail FDI vote in Lok Sabha, the government bullish to collect the numbers in Rajya Sabha and to defeat the Opposition motion against the contentious measure.
After the Opposition motion seeking immediate withdrawal of the decision ...
SME News, Tuesday, Dec 04, 2012
NEW DELHI: Foreign direct investments into the country jumped over two-fold to $4.67 billon in September, as per the data revealed by the Department of Industrial Policy and Promotion (DIPP).
In September last year, the country had attracted FDI worth $1.76 billion. The September ...
SME News, Monday, Dec 03, 2012
SINGAPORE: Singapore Airlines is in discussions with 'interested parties' to divest its 49 per cent stake in Virgin Atlantic.
As per reports, Atlanta-based Delta Air Lines Inc is in talks with Singapore Airlines.
At London’s Heathrow airport, Virgin ...
SME News, Monday, Dec 03, 2012
GUWAHATI: Backing the Indian government's decision to open up the mutil-brand retail sector to foreign direct investment (FDI), Assam Chief Minister Tarun Gogoi said that the entry of big multinational companies would benefit local farmers.
While addressing a farmer's meet, ...
SME News, Saturday, Dec 01, 2012
NEW DELHI: Hongkong and Shanghai Banking Corporation (HSBC) has decided to toss out its plan of purchasing retail and commercial banking businesses of Royal Bank of Scotland (RBS) in India.
In a statement, RBS said its agreement with HSBC expired on November 30, 2012 and the banks ...
SME News, Friday, Nov 30, 2012
NEW YORK: NextWave Pharmaceuticals, Inc., the California-based pharma company is now a part of Pfizer. NextWave is a privately owned company focused on the development and the marketing of specialty drugs to treat Attention Deficit Hyperactivity Disorder (ADHD)
“Finalizing ...
SME News, Thursday, Nov 29, 2012
NEW DELHI: Bayer CropScience Ltd, agro-chemical company, said that it has sold its property at Thane in Maharashtra for Rs 1,250 crore to Agile Real Estate.
Presently, the company had 104 acres at Kolshet Road, Balkum Village in Thane along with buildings and ...
SME News, Thursday, Nov 29, 2012
NEW DELHI: Coal India Ltd (CIL) has lined up Rs 50,000 crore investment plans for the next five years, in the midst of government directive to PSUs to invest their surplus funds.
“We have investment plans. We have a five-year plan, almost Rs 50,000 crore lined up,” Coal ...
SME News, Thursday, Nov 29, 2012
NEW DELHI: Edelman India has announced that it bought Cream Events Private Limited, which is an experiential events firms engaged in the luxury and lifestyle sector across India.
The purchase will help Edelman to provide seamless integration in multiple channels for marketing and ...
SME News, Thursday, Nov 29, 2012
NEW DELHI: Monnet Ispat and Energy is close to buy a coking coal mine in Columbia for a price range between $50-75 million (Rs 277-416 crore).
The proposed acquisition is intended at meeting its captive requirement, Monnet Ispat and Energy Chairman and Managing Director Sandeep ...
