After a lot of waiting the DreamWorks SKG, a major American film studio, inked deal with India's Reliance ADA Group led by Anil Ambani for setting up a $1.2 billion film company. This will pave way for the American studio, co-founded by director Steven Spielberg, to come out of the folds of the ...

A Chennai-based entertainment company Pyramid Saimira Theatre Ltd in collaboration with the Ministry of Culture in China has set up a theatre there. This theatre, located in Huainan, was inaugurated on September 17, 2008 and has been named the Huainan Pyramid Longzhe Theatre Entertainment ...

India's major IT firm HCL is looking for acquisitions of $1-2 billion companies and it is firm that it would be able to do so before 2011. Vineet Nayar, CEO HCL said that HCL has been perpetually looking at sub-$100 million acquisitions that would give it niche capabilities, and also accession to ...

The Mumbai-based Lupin Limited, a Rs 6000 Crore pharmaceutical company, is planning to grow its drug portfolio in the country. Lupin said it is eyeing the lucrative and growing eye and skincare segment. It recently also declared that it is acquiring the Pharma Dynamics (PD) of South Africa, which ...

The Emirates Airline on September 18, 2008, introduced a special reduced seasonal fare for subsequent weeks and Delhi is one of the destinations where it is being offered. A statement issued by the Emirates informed that New York, London, Paris and Manila are the other destinations where this ...

Adding another project in to its list TCS (Tata Consultancy Services) has bagged a five-year deal with Ericsson in Sweden to supply application maintenance and development services. In pursuance of the deal, TCS along with one more partner will deliver application maintenance services to Ericsson. ...

To create a 28 billion pound ($50 billion) mortgage company, British bank Lloyds TSB has agreed to buy HBOS Plc. According to BBC, HBOS which happens to be the biggest home loan lender in Britain would be bought for 232 pence per share which accordingly is valued at over 12 billion pounds. More ...

Indian IT major Satyam has signed an agreement with Oman's Khimji Ramdas to offer skills in standardizing and automating business processes across its various divisions. The mega deal will help Khimji to prioritize its huge range of activities spanning through trading, distribution, retailing, ...

Barclays source has divulged that the bank will buy some portions of Lehman Brothers' investment banking and trading operations. Reports say that Barclays President Robert Diamond has addressed Lehman investment bankers to inform them of his company's intentions. Interestingly, earlier, Barclays ...

The import of more than 30 generic drugs manufactured by Ranbaxy, India's largest pharmaceutical company, has been blocked by the United States on grounds of poor quality at its two factories. Among the banned Ranbaxy drugs also includes popular antibiotic Cipro and cholesterol pill Zocor. ...

Napster Inc on Monday, September 15, 2008, said that its lookout for a corporate parent had ended as it is being bought off by electronics retailer Best Buy Co. for $121 million. In recent weeks, the trading price of the Los Angeles-based digital firm lingered around $1.30 and so, the purchase cost ...

The fast increasing numbers of high net worth individuals in India has induced investment banking and global financial services corporation, Morgan Stanley to launch its private wealth management services in four prominent cities. The Morgan Stanley has pointed out that it is only those considering ...

Bank of America (BoA) is all set to buy major brokerage firm Merrill Lynch. However, different newspapers have published different deal amounts. While the New York Times has said that it is $38 billion, the Wall Street Journal wrote that it is might be worth more than $40 billion. Merrill Lynch was ...

Google has revealed that it may scrap Yahoo deal if the US Justice Department will go to court over it. Mentionably, the department has have apprehensions that online advertisement partnership would give the two companies a monopoly of the internet. Arguably, the two companies together have around ...

Indian celebrities, very often, are heard confessing how he / she dreams of owning a Rolls Royce someday. That dream inched a little closer to realization on Friday, September 12, 2008 after New Delhi saw the opening of the very first Rolls Royce car showroom. With a price tag of Rs 31.5 million or ...

Yamaha Motor Company Ltd is planning to introduce gearless scooters in India and is presently studying the market for this. Pankaj Dubey, national business head, sales and marketing, Yamaha Motor India Sales Pvt Ltd, said 'This is a lucrative segment and we are studying the market to see which ones ...

The Canadian government has said that it is planning a new trade office in Gujarat. Following the anti-Muslim riots in Gujarat in 2002, the former Liberal Party government had indirectly put the Indian state in the black list. This new announcement was made by the Canadian Prime Minister Stephen ...

A day after the launch of its Honda City subcompact car, the Honda Company announced on Thursday, September 11, 2008 that it has chosen its plant in Thailand as its global hub. The manufacturing unit of Honda Automobile (Thailand) Co in Ayutthaya, therefore, will now serve as the 'parent-plant' and ...

The Anil Ambani-owned Reliance Industries Ltd (RIL), which is the biggest private sector company in India, has taken into its fold two fully-owned subsidiaries in London and Singapore to tap the international petroleum products market. A statement issued by RIL informed that Peter Ward, the ...

Twentieth Century Fox, an International production house, has joined hands with Asian media firm Star to launch the Fox Star Studios. Their aim is to produce local language films in Asia and their distribution all over the world. Jim Gianopoulos, co-chairman of Fox Filmed Entertainment, said that ...

According to an official release from Tech Mahindra, it has bagged a deal worth $250 million from a US company. Rajesh Chandiramani, Marketing Head, informed that the firm also has won a 3-year deal from a Kuwait-based telecom firm for $10 million. The firm will provide system integration support ...

Indian engineering and construction company Punj Lloyd on Tuesday, September 9, 2008, declared that its fully owned subsidiary Punj Lloyd Pte Ltd has clinched an order from the FWP of Singapore. It informed that the order is worth $37.7 million or Rs 1.7 billion.
 
FWP happens to be a joint ...

The Financial Times has reported that Anglo-Dutch oil company Royal Dutch Shell has entered into a joint venture with Iraq government to produce gas worth $4 billion. Shell in its official communication said that it is delighted with the government's decision and look forward to signing the ...

Sources inform that Anil Dhirubhai Ambani Group's media and entertainment branch, Reliance Big Entertainment has bought away a majority pie in the Willow TV of United States. The Willow TV is the biggest portal in the world for live internet streaming of important cricketing action. Officials from ...

UK-based services provider Serco Group is in talks to acquire Indian BPO player InfoVision Group. According to reports Serco Group which is worth $2.6 billion company is trying to buy InfoVision for the price ranging Rs 200-250 crore. InfoVision is India's major BPO company is looking for potential ...

India's key private carrier Jet airways has announced that from September 15 it is going to introduce daily flights connecting Oman's capital Muscat and Thiruvananthapuram in Kerala. A statement issued in this regard highlighted that this new Muscat-Thiruvananthapuram daily flight will complement ...

Kingfisher Airlines, which is India's top private carrier, is going to introduce direct flight between Bangalore and San Francisco from November 1 onwards. This news was made public by the chief executive of the airlines, Dr Vijay Mallya himself on Tuesday, September 2.
 
Mallya said, 'We ...

Indian auto parts manufacturer Ashok Minda Group said on Tuesday, September 2 that it has acquired the Schenk Plastic Solutions GmbH of Germany. How much the acquisition cost the Minda Group was not revealed.  The buying of the German company will assist the Ashok Minda Group in foraying into ...

India, a growing market for commercial vehicles, will soon see the entry of Hino trucks. A segment, which already has got some big names like Volvo, Tatra, MAN-Force, Tata Daewoo and Ashok Leyland, is going to see the entry of the Japanese giant in April 2009 with the launch of its 500 Series. ...

Cybernet SlashSupport (CSS), an offshore technology operations management based in Chennai, has declared that it has clinched a multi-million dollar support services contract from Alcatel-Lucent. The Alcatel-Lucent, incorporated in France, is amongst the world's biggest industry players in ...