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Metered call taxi service in Mumbai in association with India Value Fund

V-Link, a fleet management company, has launched 'Meru', a metered call taxi service in Mumbai in association with India Value Fund, a Private Equity fund. The Company has launched 150 taxis in Mumbai and will increase the number to 1,000 by December 2007. […]

AB Foods buys $79 mn Indian food brand Patak’s

Associated British Foods said the acquired business comprises the Patak’s brand and assets in all countries except India. Associated British Foods Plc said on 29 May it had agreed to buy Indian cuisine brand Patak’s, with assets worth 40 million pounds ($79 million,Rs319 crore), from the founding Pathak family. […]

Constr & realty sector attract foreign, domestic funds

Construction and realty sector is becoming one of the hottest sectors around with private equity players and FIIs betting on it highly as there is an infrastructure boom in the country. The recent news is that De Shaw, leading US hedge fund with over USD 30 billion in assets, has invested USD 400 million in a DLF group firm that will set up SEZ across the country. Associated Chambers of Commerce and Industry of India, ASSOCHAM, estimates that domestic construction enterprise is poised to grow at 15% per annum from about 10% now to touch USD 120 billion by 2012 from its current size of over USD 70 billion. […]

Temptation Foods buys Gourmet Kitchen

Temptation Foods, a Mumbai-based fruit and vegetables export company, has acquired 100 per cent stake in Karen’s Gourmet Kitchen (KGK), a foods brand managed by leading food critic, Karen Anand. Last month, Temptation Foods had picked up 26 per cent stake in KGK, which manufactures and markets sauces, jams and salad dressings. […]

Carlyle & AT eye RCOM tower biz stake

US private equity giant Carlyle and American Towers have formed a partnership to buy and own cellphone tower assets in the country, a person familiar with the situation said. The duo may also bid for buying a minority stake in … […]

StanChart to acquire 49 per cent in UTI securities for Rs140 crore

Standard Chartered Plc. is in final talks to buy a 49 per cent stake in Indian brokerage UTI Securities, a deal that would help the banking conglomerate expand its wealth management services for customers in India, the Financial Times reported. The transaction, expected to cost Rs140 crore ($35 million), marks Standard Chartered's return to retail stock broking in Asia after more than a decade, the report said. […]