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Bennett, Coleman & Co, owners of the Times Group, is believed to have bid for 2-3 per cent stake in the Bombay Stock Exchange (BSE). A senior executive of the company said: “Yes we have bid for a small stake. BSE is expected to revert soon. We have not got the allotment though.” Bennett, Coleman is supposed to have paid around Rs 70 crore for the stake. […] In 1932, JRD Tata flew a light single-engine Puss Moth plane from Karachi to Bombay via Ahmedabad, the first scheduled air service in the country under Tata Airlines, which became Air India in 1946. More than 74 years later, Ratan … […] India's Tata Tea Ltd, the world's second-largest branded tea firm, said on Wednesday it plans to buy 30 per cent of US-based Energy Brands Inc for $677 million. The company, which owns the Tetley brand, said this month it was eyeing acquisitions in the United States to help it expand its international operations. Source : Hindustan Times US hospitality major Carlson is picking 26% stake in a fresh venture with the Unitech group for introducing the Regent hospitality brand in India. The joint venture would be developing the luxury hotel property located at Greater Noida with an … […] Adlabs Films, the Indian production, laboratories and hardtops group, has acquired fledgling multiplex operator Rave Cinemas. Takeover gives Adlabs, which is part of the Anil Dhirubhai Ambani-controlled Reliance industrial conglom, presence in the wealthy Uttar Pradesh region, which counts for … […] Prudential could be forced by investors to pay more than anticipated to increase its stake in its Indian joint venture, following the rapid expansion of the operation and a hefty valuation of its Indian business partner. The Indian government has … […] An Indian pharmaceutical company has purchased allergy product manufacturer HollisterStier Laboratories LLC, officials from both companies announced. India's Jubilant Organosys Ltd. announced Tuesday it paid $122.5 million cash for the Spokane-based pharmaceutical and biopharmaceutical maker, which specializes in injectable allergy … […] Vedanta Resources PLC said it acquired a 51% stake in India's biggest private-sector iron-ore producer and exporter, Sesa Goa Ltd., as it seeks to diversify and tap into the strong demand for iron ore in China. Vedanta, a metals and mining company listed and based in London but which has the bulk of its assets in India, acquired the stake from Japan's Mitsui & Co. It paid $981 million. 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 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 … […] |