Ford will pay about $600 million to the Jaguar-Land Rover pension funds.
After nine months of negotiation, Tata Motors finally signed a deal to buy luxury brands Jaguar and Land Rover (JLR) from Ford Motor for $2.3 billion in cash, the largest acquisition by an Indian company in the automobile business.
The purchase price is less than […]
What is a fairly reliable measure of whether or not a stock has bottomed out? Brokers will tell you that insider activity in a stock is something to look out for. A promoter selling his shares is not always an indicator of the stock being overvalued, but a promoter buying his shares is a reasonable […]
Maruti Suzuki India Ltd has announced that Maruti Suzuki on March 26, 2008 unveiled the much awaited Swift DZire.
Like the earlier Maruti Suzuki models, Swift and SX4, the DZire too is set to redefine the market and stir excitement in the entry level sedan segment.
The DZire, which comes both in diesel and petrol engines, offers […]
Bilpower Ltd, engaged in manufacturing allied equipments for the power engineering sector, is pursuing ambitious expansion plans through organic and inorganic routes. According to the company management, this will help consolidate the company’s fundamentals.
The company is into the business of transformer lamination, motor stamping machines, manufacturing and repair of transformers and […]
Simplex Infrastructures today said it has bagged orders worth Rs 653 crore, including one from Bangalore-based Ritz Carlton Hotel for construction related works.
“Simplex Infrastructures has bagged Rs 653 crore new orders from different sectors which includes an order from Ritz Carlton Hotel, for construction of a cement plant, sewerage system and thermal power plant,” the […]
HSBC Financial Services Middle East has picked up a 4.99 per cent stake in Yes Bank in the secondary market.The global investment arm of HSBC has been investing in the bank since January. “Like Rabo Bank investments, HSBC Financial Services Middle East’s investment in Yes Bank should be viewed as a financial investment. There is […]
Norwest-Backed Sulekha.com Plans IPO Next Year
After internet companies like MakeMyTrip, Cleartrip.com and Shaadi.com, which have directly or indirectly expressed intentions of going public in 2009, here is another large consumer internet play that plans to go public next year. The local information/classifieds and e-commerce portal Sulekha.com is preparing to enter the capital market sometime in […]
Ratan Tata, who runs the Tata Group, one of India’s two biggest conglomerates, is buying into a history of trouble with his expected $2-3 billion deal to acquire the Jaguar and Land-Rover companies from Ford (F). The question is whether he can break a cycle of decline.
It’s been 40 years since the British government, in […]
The Ahmedabad-based Kiri Dyes and Chemicals (KDCL), manufacturer and exporters of dyes and dyes intermediates, is open for subscription with its initial public offering (IPO) of 37.5 lakh equity shares of face value of Rs 10 each, to raise funds for executing its backward integration project for manufacturing three key raw materials for dye intermediates. […]
Titagarh Wagons IPO subscribed 0.20% on day one
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