Archive for May 16th, 2008

RELIANCE INFRATEL IPO

RELIANCE INFRATEL IPO has been cleared by SEBI. Rel Infratel IPO is expected to hit the markets by June end.
This is a company owned by RELIANCE COMMUNICATIONS , an ADAG group company. As like any other reliance group ipo there is going to be heavy demand from retail […]

MCX IPO : MCX IPO

MCX IPO is expected to hit the markets by July end. Sources say the size if the IPO is around 700 crs Multi Commodity Xchange is a commodity Exchange promoted by Financial Technologies Ltd. Well we have to wait for further details regarding date of IPO , Price […]

Wanbury eyes contract research firms in US

Wanbury, the largest global manufacturer of diabetes management drug metformin, plans to acquire contract research and manufacturing services (CRAMS) companies in the US and Europe.
Wanbury, which entered the $20-billion global CRAMS business scene a year ago, is targeting business worth over Rs 100 crore within the next 18-24 months.
"We are looking at targets […]

Bharti Telesoft looking for Aquisitions

After it acquired Jataayu Software last year, Bharti Telesoft is on the pr= owl again. The company is looking at acquisition opportunities in eastern E= urope and Latin America. Bharti Telesoft wants to buy mobile VAS firms with= niche technologies. The company is eyeing firms with a valuation of $20-10= 0 million.
The promoters […]

RIL’s new refinery to change market dynamics

When Reliance Industries (RIL) opens its second huge refinery in Jamnagar t= his summer, world oil consumers may heave a sigh of relief at the injection= of extra fuel into a market that has been short of capacity for years.
But the issue for physical oil traders is less about global fundamental= s than regional […]

Taiwan`s Sanyang joins race for Kinetic Motors

Sanyang Industry Company, a Taiwan-based two-wheeler maker, has expressed keen interest in acquiring controlling stake in Pune-based Kinetic Motor Company (KMC).
The $568-million company plans to expand its product offering in India, the second largest two-wheeler market worldwide.
The company already holds 11.1 per cent stake in KMC and has also signed a comprehensive technical […]

Bharti unlikely to hike $45-bn offer for MTN

Bharti Airtel may not pay more than $45 billion for all of MTN Group, while the South African operator is seeking $50 billion, Dow Jones reported on Thursday.
MTN also wants its CEO Phuthuma Nhleko to head the combined company. Discussions on the same are on. Johannesburg-based MTN has told Bharti, $50 billion would close […]

Virtual offices could be the future

Poor bandwidth availability and last-mile connectivity might have slowed the use of unified communications (UC) as a technology, but now it's emerging as a strategic tool with corporations for employee retention and going green.
Corporations are encouraging the use of UC, helping them to curtail business travel. This, they believe, results in lowering carbon dioxide […]

RIL taps three foreign cos to hunt for oil

Reliance Industries (RIL) is learnt to be talking to three mid-sized oil co= mpanies =97 Australia’s Santos, Devon Energy and AARCO of the US =97 to bid= for oil and gas blocks in the seventh round of the New Exploration Licenci= ng Policy (NELP). The government has offered 19 deepwater blocks in this ro= […]

Tech Mahindra has bagged a $700-million contract from BT

Tech Mahindra, the sixth largest IT exporter, has bagged a $700-million con= tract from British Telecom (BT) for transforming and improving BT’s IT esta= te or infrastructure. This is one of the largest contracts that any IT comp= any has won in recent months. It also gives boost to Indian IT at a time wh= […]