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Latest Company News Updates - By Newstype |
| Company (Industry-NewsDate) |
News Title |
Contracts/Deals |
Arvind Mills Ltd.
India
- Textiles/Apparel/Personal Goods
(October 24, 2007)
|
The company has signed an exclusive international licence agreement for US fashion wear brand Cherokee.
Source: The Economic Times
|
G T L Infrastructure Ltd.
India
- Software
(October 19, 2007)
|
The company has received commitment of around USD250-275m from a global private equity investor.
Source: Business Standard
|
Gujarat Apollo Industries Limited
India
- Industrial Equipment
(October 24, 2007)
|
The company has signed a licensing agreement with a European company for manufacturing machines.
Source: The Economic Times
|
ICICI Bank Ltd.
India
- Banking
(October 20, 2007)
|
The U.S. Federal Reserve Board has approved an application by the bank to open a federal branch in New York that would allow it to engage in wholesale banking activities.
Source: The Yahoo.com
|
Patni Computer Systems Limited
India
- InfoTech Equip./Components
(October 18, 2007)
|
The company has entered into an agreement with the UK-based The Carphone Warehouse contracts worth around USD200mn over five years covering a wide range of consultancy, software and maintenance services.
Source: The Economic Times
|
Reliance Industries Limited
India
- Mining/Petroleum
(October 23, 2007)
|
The company expected to sign contracts soon for stakes in two oil blocks in Peru.
Source: Reuters
|
Tata Consultancy Services Limited
India
- Software
(October 18, 2007)
|
The company has signed USD1.2bn contract with Nielsen company of Netherlands.
Source: The Economic Times
|
Tata Sky Ltd
India
- Media
(October 24, 2007)
|
The company has entered into an agreement to buy set-top boxes from Korean manufacturer Kaon Media.
Source: SIFY
|
Expansion/Diversification |
ITC Limited
India
- Food/Beverages
(October 23, 2007)
|
The company is getting to set the exports market with its brand of red hot chilli peppers in the US.
Source: The Telegraph
|
Trilogy Enterprises Inc
United States
- Software
(October 23, 2007)
|
The company is pushing to expand operations in India with the aims at garnering USD100mn in revenues in five years.
Source: The Financial Express
|
Financial Results |
Megasoft Ltd.
India
- Software
(October 22, 2007)
|
Reported Rs202cr revenue for the nine months ended September 2007 with the revenue comes from US, the UK, Latin America, Middle East and Asia-Pacific.
Source: The Hindu Business line
|
Future Plans |
Aban Singapore
Singapore
- Mining and Petroleum
(October 19, 2007)
|
The company, a wholly owned subsidiary of Aban Offshore India is expected to offload around 13-15% for USD500m by way of IPO in December 2007 in singapore.
Source: The Economic Times
|
Baugur Group
Germany
- Diversified Financial Services
(October 21, 2007)
|
The company is also planning to expand into India and has held talks with some of the region's biggest retailers, including Reliance, to form a joint venture
Source: Business Timesonline
|
Bharat Earth Movers Limited
India
- Industrial Equipment
(October 24, 2007)
|
The company plans to invest USD100mn on an assembly plant in malaysia within next 3 to 5 years through its newly launched BEML (Malaysia) Sdn.
Source: New Kerala
|
Biocon Ltd.
India
- Pharmaceuticals
(October 18, 2007)
|
The company plans to recruit 50 key persons from overseas to tide over domestic manpower shortage.
Source: The Economic Times
|
Cisco Systems Inc
United States
- Telecom
(October 21, 2007)
|
The company aims to double its revenues from India to USD2bn, or about Rs7,960 crore, by 2010 from the USD1bn figure in its last financial year, as it expands its local presence from being primarily a supplier of computer rout
Source: Livemint
|
Claris Life Sciences Ltd.
India
- Pharmaceuticals
(October 21, 2007)
|
The company is planning to foray into the US market with over 100 products within the next five years.
Source: The Business Standard
|
Greenko Group Ltd
India
- Electric/Water/Gas Services
(October 23, 2007)
|
The company is planning to Aim next month and raise up to EUR60m (UKP42m) to build biomass, wind and hydropower projects.
Source: Financial Times
|
Havell's India Ltd.
India
- Electrical Equipment
(October 21, 2007)
|
The company announced private equity firm Warburg Pincus LLC will pick up an 11.2% stake in the firm for USD110mn.
Source: Reuters
|
HCL Technologies Limited
India
- InfoTech Equip./Components
(October 18, 2007)
|
The company is looking at acquisitions of up to USD500mn in the US and Europe.
Source: The Times of India
|
Honda Motor Co.,Ltd.
Japan
- Automotives
(October 22, 2007)
|
The company is working on a brand new platform for a small car that will use India as the manufacturing hub.
Source: The Economic Times
|
ICICI Bank Ltd.
India
- Banking
(October 22, 2007)
|
The bank will use its recently-acquired New York branch licence to offer high-end retail banking and fund cross border M&A.
Source: The Economic Times
|
India Infrastructure Finance Company
India
- Diversified Financial Services
(October 21, 2007)
|
The company will set up overseas subsidiary to assist infra projects.
Source: The Economic Times
|
Moser Baer India Ltd.
India
- InfoTech Equip./Components
(October 21, 2007)
|
The company is ready to raise 100mn USD for its photo voltaic arm through investments from private equity investors comprising IDFC and GIC special investments to position itself for a prospective IPO on an international exchange.
Source: Topnews
|
Posco
South Korea
- Metal
(October 20, 2007)
|
The company will start construction of its 12m tonne, Rs 51,000cr mega steel project near Paradip in Orissa on April 1, 2008.
Source: The Business Standard
|
Pratt & Whitney Inc.
Canada
- Automotives
(October 18, 2007)
|
The company plans to set up a maintenance, repair and overhaul (MRO) facility in India to tap the fast growing civil aviation industry.
Source: The Economic Times
|
Royal Bank of Scotland PLC
United Kingdom
- Banking
(October 19, 2007)
|
The bank will not be able to split ABN AMRO in India.
Source: The Economic Times
|
Saravanaa Bhawan
India
- Food/Beverages
(October 21, 2007)
|
The company is launching its vegetarian restaurant in Doha in collaboration with Exblowra Trading & Contracting Company of Doha, Qatar.
Source: Gulf Times
|
Suzlon Energy Ltd.
India
- Electric/Water/Gas Services
(October 23, 2007)
|
The company will list its Belgian gearbox-making subsidiary, Hansen Transmissions International NV, on the London stock market.
Source: Reuters
|
Teleperformance Group Inc
United States
- Telecom
(October 21, 2007)
|
The company is planning major expansion in India.
Source: Ntvprofit
|
Triveni Engineering & Industries Ltd.
India
- Industrial Equipment
(October 22, 2007)
|
The company will partner with US based General Electric Co to make compressors for the oil and gas industry in India.
Source: The Financial Express
|
Wipro Limited
India
- Software
(October 20, 2007)
|
The company has decided to set up recruitment hubs across India for its BPO operations.
Source: The Economic Times
|
Investments |
Cryobanks International India
India
- Banking
(October 20, 2007)
|
The company, a joint venture between RJ Corp and US based Cryobanks International plants to invest Rs500cr to set up stem cell banks and collection centres in India and Asian countries.
Source: The Economic Times
|
Deutsche Bank
Germany
- Banking
(October 22, 2007)
|
The bank is set to invest USD125m in Gloden Gate Properties of Bangalore for a 15-20% stake.
Source: The Economic Times
|
Havell's India Ltd.
India
- Electrical Equipment
(October 22, 2007)
|
Warburg Pincus, a global private equity firm will invest USD110m in the company.
Source: The Indian Express
|
Nobel Plc
United Kingdom
- Banking
(October 21, 2007)
|
The company aiming to capitalise on growing demand for growth investment in Indian companies by forming a joint venture with a local partner and also work with Almondz Global Securities
Source: Ft
|
Yamaha Motor Co. Ltd.
Japan
- Automotives
(October 20, 2007)
|
The company is investing Rs250cr. to set up a new subsidiary in India.
Source: The Economic Times
|
Joint Ventures |
Abhishek Auto Industries Limited
India
- Textiles/Apparel/Personal Goods
(October 24, 2007)
|
The company has entered into a 50:50 joint venture with US-based Key Safety Systems (KSS) to manufacture automobile security components in the country with an investment of USD20mn.
Source: The Economic Times
|
Emirates Airlines
UAE
- Automotives
(October 19, 2007)
|
The airline has tied up with VFS Global to set up the Dubai Visa Processinng Centre in India.
Source: The Business Standard
|
GMR Hyderabad International Airport Ltd
India
- Travel and Leisure
(October 24, 2007)
|
The company has tied up with Sabena Flight Academy based in Brussels, Belgium, to set up the academy at the airport.
Source: Mangalorean
|
GMR Infrastructure Ltd.
India
- Property Mgmt/Construction Svcs
(October 23, 2007)
|
The company had tied up with Brussels-based Sabena Flight Academy to set up an international aviation academy at Hyderabad.
Source: The Financial Express
|
Indian Hotels Company Limited
India
- Travel and Leisure
(October 24, 2007)
|
The company and Eurocape of South Africa are constructing a five-star luxury hotel on the corner of St George's Mall and Wale Street.
Source: CAPE Business News
|
Indoco Remedies Limited.
India
- Pharmaceuticals
(October 20, 2007)
|
The company has tied up with New Jersey-based Amneal Pharmaceuticals to sell its medicines used in treatment of eyes and eye-infections in the US.
Source: Google Finance
|
JSW Energy Limited
India
- Mining/Petroleum
(October 20, 2007)
|
The company has tied up with Chinese electrical equipment makers Shanghai Electric and Dongfang Electric Corporation for importing equipment for upcoming power projects.
Source: The Economic Times
|
Remsons Industries Ltd
India
- Automotives
(October 22, 2007)
|
The company's board approved a joint venture with US-based ORSCHELN Products LLC.
Source: The Economic Times
|
Videsh Sanchar Nigam Limited
India
- Telecom
(October 19, 2007)
|
The company has joint ventured with Japan-based NTT, to its international in-roaming service on Wi-Fi.
Source: Google Finance
|
Long Term Debt/Loans |
India Infrastructure Finance Company
India
- Diversified Financial Services
(October 22, 2007)
|
The company is set to raise close to USD2bn from foreign banks and multilateral financing agencies.
Source: The Economic Times
|
Mergers and Acquisitions |
Direct Logistics India Pvt. Ltd
India
- Transportation
(October 22, 2007)
|
The company has popularly known as freight forwarding, has acquired a Chinese logistics company, Shenzhen Dida Logistics Ltd, for an undisclosed amount.
Source: Livemint
|
Karuturi Networks Limited
India
- Food/Beverages
(October 22, 2007)
|
The company has completed the acquisition of Kenyan firm Sher Agencies Ltd.
Source: The Economic Times
|
Larsen & Toubro Limited
India
- Property Mgmt/Construction Svcs
(October 18, 2007)
|
The company has completed the acquisition of Malaysian medium voltage switchgear (MVS) firm Tamco in four months.
Source: The Financial Express
|
Moschip Semiconductor Technology Limited
India
- InfoTech Equip./Components
(October 22, 2007)
|
The company is scouting for acquisitions in the US and Euproe to enter the home applications segment.
Source: the Economic Times
|
Satyam Computer Services Ltd.
India
- Software
(October 23, 2007)
|
The company agreed acquire UK-based Nitor Global Solutions Ltd for up to USD5.5m in cash.
Source: Reuters
|
Miscellaneous |
Reliance Industries Limited
India
- Mining/Petroleum
(October 23, 2007)
|
Bastian Material Handling of the US upon receiving a "record order" from the company this year has jumped to a 20% annual growth.
Source: CMS
|
New Business |
Air Arabia
Bahrain
- Automotives
(October 19, 2007)
|
The airline will launch daily flights connectiing Bangalore and Sharjah from October 28.
Source: The Business Standard
|
Ceylon Petroleum Corp.
Sri Lanka
- Mining/Petroleum
(October 22, 2007)
|
The company has bought 300,000 barrels of gas oil for November delivery from Reliance.
Source: The Economic Times
|
Jamba
Germany
- Telecom
(October 21, 2007)
|
The company has selected IMImobile, the worldÆs leading mobile value added services, to manage its new global mobile content services
Source: Prleap
|
Thermo Fisher Scientific Inc
United States
- Pharmaceuticals
(October 23, 2007)
|
The company announced it has broken ground on a new USD17mn facility in Ahmadabad to support growing demand for biopharma services in that country.
Source: CNN Money
|
Volvo AB
Sweden
- Automotives
(October 19, 2007)
|
Reliance Industries is in talks with the company for a joint venture that will specifically cater to Reliance Retail's back-end logistics requirements.
Source: The Economic Times
|
Wyeth Ltd
United States
- Pharmaceuticals
(October 22, 2007)
|
The company to issue a convenant -not-to-sue' to Sun Pharmaceutical Industries for seeking approval to sell its version of anti-depressant blockbuster drug Effexor XR in the US.
|
New Office Locations |
Ma Foi Management Consultants Limited
India
- Business Services
(October 24, 2007)
|
The company announced the launch of its Hong Kong subsidiary to explore the China market.
Source: People's Daily Online
|
New Products |
Hyundai Motor Company
Korea
- Automotives
(October 22, 2007)
|
The company is developing a new big car for India, which is expected to hit the market in a couple of years.
Source: The Economic Times
|
Patent/Trademark/License |
Bank of Baroda
India
- Banking
(October 22, 2007)
|
Bahrain has granted a license to the bank to establish a wholesale branch in the gulf country.
Source: financial express
|
Ranbaxy Laboratories Limited
India
- Pharmaceuticals
(October 22, 2007)
|
The company has got approval from Health Canada, to manufacture and market Lisinopril 5, 10 and 20 mg tablets in Canada.
Source: The Economic Times
|
Spyker F1 Team
Netherlands
- Automotives
(October 20, 2007)
|
The company renamed as the Force India and owner is Vijay Mallya
Source: Reuters
|
Thermax Ltd.
India
- Industrial Equipment
(October 18, 2007)
|
The company has signed a license agreement and technical know-how transfer with Germany-based Balcke-Durr GmbH.
Source: The Economic Times
|
Sale/Purchase of Company Stakes |
East India Petroleum Ltd
India
- Mining/Petroleum
(October 22, 2007)
|
Global Infrastructure Partners & General Electric are forming a joint venture to acquire 74% stake in the company.
Source: Te Economic Times
|
Himatsingka Seide Ltd.
India
- Textiles/Apparel/Personal Goods
(October 19, 2007)
|
The company bought US-based DWI Holdings for an enterprise value of $30mn.
Source: The Economic Times
|
Shyam Telelink Ltd.
India
- Telecom
(October 24, 2007)
|
Russian company Sistema and the CIS has signed a share purchase agreement for the acquisition of an additional 41% stake in Shyam Telelink Ltd
Source: PR Inside
|
Winding up of Company/Bankruptcy |
Essar Steel Ltd.
India
- Metals
(October 24, 2007)
|
The company has closed on its deal to purchase Minnesota Steel of the US and will now begin planning for construction of the USD1.6bn project early next year.
Source: The economic Times
|
