Paper sector is likely to be in limelight today, as in a surprising deal International Paper Company, the US based paper and packaging giant, has bought 53.5% in Andhra Pradesh Paper Mills from its promoters for around Rs 1160 crore, the valuation comes well over 175% from its closing in previous session.
Mahindra & Mahindra plans to take 100 of its top vendors to South Korea in May as it aims to integrate sourcing operations and launch Ssangyong's products in India.
Tata Motors, the owner of Jaguar Land Rover, will invest around 50 million pounds in its research & development base in the Midlands over the next two years, in a vote of confidence for UK manufacturing.
After three years of joint working, Ashok Leyland Nissan vehicles, the 50:50 JV between ALL and Nissan Motor, has unveiled its first light commercial product, 'Ashok Leyland Dost'. The 1.25 tonne payload capacity vehicle is to hit the market in the second quarter of 2011-12.
PepsiCo India's joint venture with Tata Global Beverages is set to launch a glucose-based beverage next week. Lehar Gluco Plus, a lemon-flavoured , noncarbonated drink, will be rolled out in pockets of Maharashtra through a pilot project and will be priced at Rs 5.
India's Oil and Natural Gas Corp may skip April naphtha exports from Hazira port for the third month in a row due to a delay in start up of a mooring facility.
US-based International Paper said it has entered into agreements with the promoters of Andhra Pradesh Paper Mills (APPM) to buy their 53.5 per cent stake for USD 257 million (nearly Rs 1,150 crore).
Close on the heels of closing Rs 60-crore securitisation deal with a non-banking financial company (NBFC), SKS Microfinance - the largest microfinance institution in the country - has completed another deal worth Rs 550 crore with two banks.
The Reserve Bank of India (RBI) has questioned the valuation and structure of the high-profile deal cut by private lender Axis Bank last November to buy Enam Securities-an influential Dalal Street brokerage and investment bank.
Hero Honda and Bajaj Auto, the two largest motorcycle manufacturers in India, are getting embroiled in a battle for the fast-growing premium two-wheeler business. The BM Munjal group company wants to step up efforts to counter falling market share in the premium segment.
India's premier bank, State Bank of India, inaugurated its first affordable housing loan cell in Mumbai, which will provide a platform for its customers to interact with the bank.
Kerala-based Muthoot Fincorp, the flagship company of the Muthoot Pappachan Group, announced its foray into the housing finance segment after securing licence from National Housing Bank (NHB).
At a time momentum is building to allow foreign players into front-end retail, Future group and Walmart have met at least five times in the past four months, raising the possibility of an alliance between India's largest retailer and the world's largest retailer. If the alliance fructifies, it could reconfigure organised retail in India.
The Cabinet Committee on Economic Affairs approved a proposal for Rs 4,500 crore foreign direct investment (FDI) in Hero Investments, one of the main shareholders in the country's largest two-wheeler maker Hero Honda, by two private equity firms.
Computer maker HCL Infosystems announced its foray into the tablet space, with launch of its ME range of tabs starting at Rs 14,990.
India's largest IT exporter Tata Consultancy Services (TCS) will expand operations in Europe in sectors like healthcare.
Tata Chemicals introduced its water purifier brand 'Tata Swach' in the Gujarat market as a part of the week long celebrations post the World Water Day.
Hyderabad-based Aurobindo Pharma is going in for large-scale automation of its manufacturing processes as part of a corrective action plan to reduce manual intervention.
With an aim to increase the productivity and an income of farmers, the major agro chemical and Seeds Company in the country- United Phosphorus (UPL) has taken a novel initiative for farmers since the past one year.
Alpine Global Premier Properties Fund, a diversified, closed-end management investment company, today bought around 426,000 shares in Chennai-based Orchid Chemicals & Pharmaceuticals.
Housing Development Finance Corp plans to raise at least 2.5 billion rupees through 5-year bonds at 9.6 percent. The issue opens and closes on April 7 and ICICI Bank is the sole arranger of the deal.
Hotel Leelaventure will invest Rs 100 crore to upgrade its property in Goa this year and is looking to expand presence in India by opening new company-owned properties and taking up management contracts.
Japan's NTT DoCoMo is to buy into Rs 3,000 crore rights issue by Tata Teleservices, set to be announced this week.
Broadcasting majors STAR India and NDTV Group have signed a pact, where STAR India's ad sales team will now handle the advertising sales function of NDTV news channels.
Karur Vysya Bank is in the process of opening its three new branches at Tirupattur and Chengam in Tamil Nadu and Ramanagara in Karnataka.
Energy Development Company in consortium has bagged contract worth Rs 20 crore for design, detailed engineering, manufacturing, supply, erection, testing, commissioning and putting into commercial use of turbine, generator and associated equipment in respect of Kumbhe Hydro Electric Project (1 x 10 MW) from the Government of Maharashtra.
Public sector lender United Bank of India on announced that it will foray into merchant banking and loan syndication business by this year-end.
No comments:
Post a Comment