April 2007
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LVMH to Take 20 Pct in India's Hidesign – Report

France's LVMH Moet Hennessy Louis Vuitton is in talks to buy 20 percent in Indian leather goods maker Hidesign, the Economic Times said on Tuesday.

LVMH will position the Indian brand as an affordable product in overseas markets like Japan, … […]

Tata Power acquires Coastal Gujarat Power

Tata Power Company Ltd on Monday  announced that  the acquisition of the Coastal Gujarat Power Ltd, a Special Purpose Vehicle (SPV) formed for Mundra Ultra Mega Power Project (UMPP). A formal execution of the documents took place between Power Finance … […]

$400mn invested in Indian start-ups by US VCs & PEs

Increasing enthusiasms for globalization coupled with government initiatives for further liberalisation of its regulatory environment towards private investments, have inspired 40 US Venture Capitalists (VCs) and Private Equity holders (PEs) to raise capital to the extent of US$ 400mn to place it heavily in start ups companies in India, according to joint study undertaken by Associated Chambers of Commerce and Industry of India (ASSOCHAM) and Ernst & Young. […]

TPG, Citigroup in race for Sharekhan

The bulls are on a rampage and the tiger is roaring, Sharekhan the retail broking arm of SSKI with 120 branches across 150 cities wants to expand its business and wants a strategic financial investor.

NDTV has learnt that the … […]

Siemens acquires India's iMetrex technologies for undisclosed amount

Siemens AG said it has acquired a 77 pct stake in India's iMetrex Technologies Ltd for an undisclosed amount in order to expand its building technologies operations.

Siemens also said it has an option to acquire the remaining 23 pct stake in the company within the next five years.

In the fiscal year to end-March, 2007, iMetrex had sales of 28 mln eur.Source : Forex TV

Matsushita Elec Works buys 80% stake in Indian wiring firm

Matsushita Electric Works Ltd. (TSE:6991) said Monday that it has acquired an 80 per cent interest in Anchor Electricals Private Ltd, India's No. 1 manufacturer of wiring devices.

The move comes as the Japanese firm aims to lift overseas sales by entering the booming Indian market for home and office electrical equipment.

Matsushita Electric Works bought the shares from the Shah founding family for roughly 50 billion yen (US$421.3 million). Anchor makes and sells wiring devices such as […]