On Tuesday a new joint venture has been formed between ZF-Lemforder, a German company and Hero Chassis Systems. The deal is likely to be formalized by selling 50 percent stakes of Hero Chassis to a German auto component company for a particular amount which is still hidden. Hero Chassis is a subsidiary of Hero Motors [...]
Leading automobile giant, Ashok Leyland, plans to invest up to $655 million i.e. 30 billion rupees in the next three years with an eye on Joint Ventures, as quoted by Hindu Business Line newspaper. The process has already started with the announcement of the compnays joint venture with John Dhere, last year. Ashok Leyland is [...]
The global giants of Aviation Industry, be it be Gulfstream, Eurocopters, Airbus, Bombardiar or Boieng, all are flocking towards the Indian market. They were all likely to be seen at the Indian Aviation 2010 show. Their motive of attending the show was to display their products, sell their products, do corporate marketing and search for [...]
For the session 2011, Ahmedabad is to be expected one of the team in the Indian Premier League (IPL), for which its fate has got trapped in a fight between three corporate giants to acquire it. The triangle is formed by Adani group, Aditya Birla group and Dubai’s Emmar Properties, a leading real estate company. [...]
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The National Stock Exchange, an Indian bourse, has raised its stake from 15.63 percent to slightly over 25 percent in NSDL (National Securities Depositor Ltd) by buying the SUUTI’s 9.2% stake in NSDL for $25 millions i.e. more than Rs. 1000 crore. National Securities Depositories is the first and the largest depository in India handling [...]
Aditya Birla Minacs, a Business Process Outsourcing outfit(BPO) of Aditya Birla Group, has proclaimed the acquisition of Compass BPO, a UK based firm for a still to be disclosed amount. Compass is one of the top BPO global players providing Finance & Accounting Services including business solutions for financial analysis. Its operations apparently span across [...]
The top five spots on the forbes list of billionaires sees the presence of two Indians, namely Mukesh Ambani and Lakshmi Mittal, who join the ranks of Bill Gates and Warren Buffett. the coveted top spot has gone to Mexican tycoon Carlo Slim Helu, according to Forbes. Mukesh Ambani, chairman cum managing director of Reliance [...]
Indian Institute of Management-Bangalore (IIM-B) is the first amongst all the IIMs, in completing its final placements in just five days in the year 2010. Last year it stretched for 11 days. All 270 students were placed by the end of the five-day placement process. In the first day itself 90 students were placed, much [...]
The BSE (Bombay Stock Exchange) index today gained over 77 points in the early trade and reached a figure of around 17,224.54 points. The gain is on account of persistent capital flows by foreign investors from global market. Another factor which further aggravated the upside movement in Sensex is affirmative industrial growth in the past [...]
The month of January 2010 showed a remarkable growth in the industrial output by a vigorous 16.7 percent as last year the same month’s industrial production grew by only one per cent and in the month of December 2009 it increased by 17.6 per cent which was considerably higher than the provisional approximate of 16.8 [...]