CORPORATE
ANNOUNCEMENTS
Suven to take part in pharma meet
Mr Venkat Jasti, Vice-Chairman and Chief Executive Officer, Suven Life Sciences Ltd, will be presenting the Hyderabad-based company’s drug discovery pipeline at Windhover’s Bio/Pharma Partnerships conference to be held in San ...
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TIL crane for Reliance Petroleum
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OPEN OFFERS
No obligation on Akzo Nobel for ICI India open offer: SEBI
The SEBI has ruled that Akzo Nobel need not come out with a mandatory open offer of 20 per cent to the public shareholders of ICI India after the Netherland located MNC completes acquisition of Imperial Chemical Industries Plc (ICI) of the UK, ...
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OVERSEAS BORROWINGS
Gremach Infra issues $50-m FCCBs
Mumbai, Dec. 11 Gremach Infrastructure Equipments and Projects Ltd has placed an offering of $50-million one per cent foreign currency convertible bonds (FCCBs). The bonds have a tenor of five years and one day and are convertible into ...
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COURTS/LEGAL ISSUES
IMPACT
Pfizer’s patent win may be positive for Indian arm
Maraviroc launch could get tangled due to opposition
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MERGERS & ACQUISITIONS
TV18 to take 53% stake in Infomedia India
Mumbai, Dec. 11 TV18 today announced that it would acquire 53 per cent stake in the publication company Infomedia India Ltd from an ICICI Venture managed fund, subject to regulatory clearances. The stake will be purchased in a staggered ...
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L&T picks up 26% in Feedback Ventures
DLF, Thapars exit the company
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NEW PROJECTS
Jindal announces relief package for displaced families
Visakhapatnam, Dec. 11 JSW Aluminium Ltd of the Jindal group, setting up an alumina refinery in Vizianagaram district, is acquiring 867 acres of assigned land for the project and has announced a package for the displaced families, according ...
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JB Group lines up Rs 1,500-cr investment across sectors
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OVERSEAS INVESTMENTS
Kazakh asset: Contractual hiccups holding up transfer to OMEL
OVL, Mittal group working out ways to transfer the asset
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RIL signs contract for blocks in Colombia
Mumbai, Dec. 11 Reliance Industries Ltd has signed hydrocarbon production and exploitation contracts with Agencia Nacional de Hydrocarburos (ANH) of Colombia for two offshore blocks, Borojo north and Borojo south, according to press release. ...
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Indian Hotels’ proposal to Orient-Express
Chennai, Dec. 11 The following is the IHCL (Indian Hotels Company Ltd) proposal as summarised in Mr Krishna Kumar’s letter of November 14 to Mr Paul M. White, President & CEO, Orient-Express Hotels (OEH): - OEH can bring under ...
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Maytas incorporates UAE branch
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ALLIANCES & JOINT VENTURES
Orient-Express turns down Indian Hotels proposal, again
‘Not a strategic fit with our focus on luxury segment’
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Reliance Brands, Sixty Group tie up
Reliance Brands Pvt Ltd (a subsidiary of Reliance Retail Ltd) has announced a 51:49 joint venture with the fashion house Sixty Group, in which the latter will hold a majority stake. Originality, creativity, quality and experimentation are the ...
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SECURITY
Private security industry set to enter high-growth trajectory
Sector set to grow 20-25% in next 5 years
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VENTURE CAPITAL
Indu Projects gets Rs 220-cr pvt equity funding
Hyderabad, Dec. 11 Indu Projects Ltd (IPL), the Hyderabad-based infrastructure company, has received Rs 220 crore private equity funding from Red Fort Capital. Red Fort Capital, the global real-estate private equity fund, will pick up ...
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OUTLOOK
Suzuki to launch global car from here
Two-thirds of output earmarked for exports to Europe
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‘Scrapped Eurocopter bid makes no dent on HAL plans’
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