CORPORATE
MERGERS & ACQUISITIONS
Vangal in talks to buy 51% in Whytehall
MR Ramesh Vangal has initiated talks to acquire Bacardi's 51 per cent stake and management control in Whytehall India Ltd in a bid to re-enter the liquor business. Informed sources said negotiations were in active mode and would conclude ...
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Merlion to pick 5% stake in Aurobindo at a premium
MERLION India Fund has decided to pick up a sizable stake of over 5 per cent in Aurobindo Pharma Ltd (APL), the city-based pharmaceutical major. This is despite the decision of the APL management to significantly increase the premium for its ...
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SOCIETY & DEVELOPMENT
Fund fun, with a li'l imagination
IT'S a weekend afternoon — an ideal excuse to relax, especially if you are in one of those shaded groves off Chennai's East Coast Road. But two groups of enthusiastic individuals think nothing of sacrificing their siesta for a round of ...
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OUTLOOK
SABMiller, Shaw Wallace to seek tax rationalisation
THE visiting global Chief Executive of SABMiller Plc, Mr Graham Mackay, and the Shaw Wallace top brass led by the Executive Director, Ms Komal C. Wazir, reviewed the progress made by the beer joint venture in Mumbai on Friday. Mr Mackay, who ...
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Tata Steel plans to hike output to 15 mt per annum
TATA Steel is firming up plans to augment its production capacity to 15 million tonne per annum by 2010. At present, the steel major's production capacity stands at 4.5 million tonne per annum. By 2010, the annual total steel production in India ...
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TRENDS
Marathon: Mumbai Inc shows it cares & shares
AGAINST the backdrop of the Mumbai skyline, dotted with recognisable edifices such as the Air-India and Oberoi buildings, corporates participating in the Standard Chartered Mumbai International Marathon 2004 couldn't have asked for a more scenic ...
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