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Printer-manufacturer TVS Electronics has sold off its contract manufacturing services business at Tumkur for Rs41.12 crore to Incap Contract Manufacturing Services, a 100% subsidiary of Finland based Incap Corporation. TVS Electronics, a leading contract manufacturing service provider in the country, … […]
Last September when Tata Tea met analysts to discuss their $ 677 million Glaceau acquisition, bottles of Himalayan mineral water on the dias were hurriedly replaced with Glaceau’s Vitamin Water. Himalayan could be back on stage tomorrow when Tata Tea meets the media to announce its March quarter and annual results. The Tata Tea board meeting tomorrow is expected to pass a resolution for the Mount Everest acquisition. A week after Tata Tea’s exit from Glaceau in a $ 1.2 billion stake sale to Coca-Cola, unconfirmed reports state that Tata Tea is likely to pick up 42% in Himalayan's parent, Mount Everest Mineral Water. […] BNP Paribas, France’s largest bank, will acquire 50% stake in the equipment financing business along with insurance broking (which is being spun off into a separate company) of Kolkata-based SREI Infrastructure Finance for Rs 775 crore. The deal, the first of its kind in the country’s booming infrastructure sector, will help SREI to unlock shareholder value, Hemant Kanoria, vice chairman and managing director, SREI said. “The market capitalization of the company is around Rs 600 crore. The deal values the equipment financing business of the company at Rs 1,500 crore, two-and-a-half times of its total market capitalisation,” he said. […] United Breweries (Holdings) Ltd., which runs Kingfisher Airlines, said on Thursday it will buy 26 percent of Deccan Aviation Ltd. signalling further consolidation in the fast expanding but loss-ridden Indian aviation market. The deal, struck at 5.5 billion rupees, values … […] 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. […] 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. […] 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. […] Globeleq Americas owns energy companies in Central and South America and the Caribbean. Israel Corp and its partner, DS Constructions Ltd. of India, have fully acquired Globeleq Americas Ltd. from Bermuda-registered Globeleq International Ltd. for $568 million. Israel Corp. and DS Constructions set up a joint venture, which they own in equal shares, for participation in the international tender. “Globes” was the first to report that Globeleq was the subject of the tender. Israel Corp. said that Globeleq Americas […] Asia-focused Standard Chartered plc is in final talks with Securities Trading Corp. of India to buy a 49 percent stake in India's UTI Securities, an executive said on Monday. “The UTI transaction is in final due diligence,” Peter Flavel, global head of Standard Chartered's private banking business, told Reuters on the sidelines of an event. He said the London-based emerging markets bank was looking for an option to increase its stake in the Indian securities broker to 70 percent once […] Tata Consultancy Service, India's largest IT services exporter announced Saturday that it has gained 100% control of the Brazil-based joint venture company `TCS do Brasil' by acquiring its partner Group TBA's 49 per cent stake for $33.4 million. In 2002, TCS had partnered Group TBA for a JV on 51:49 basis for establishing software centers in Sao Paulo and Brasilia .It provides services to over 30 clients including ABN Amro, Goodyear, Equifax and Brasil Telecom.For the year ended March 31, […] |