India's largest private sector drilling contractor, Aban Offshore Limited declared on Monday, September 1, that its Norway subsidiary has clinched a contract worth Rs 11.91 billion in Angola. Aban Offshore Limited issued a statement in which it mentioned that  Venture Drilling AS has landed an ...

India is going to keenly focus on boosting its export of handicrafts to the Gulf region, a burgeoning market for such products. This agenda was recently announced by the Indian Textiles Minister Shankar Singh Vaghela at Dubai, where an interactive seminar on 'Brand Image Promotion of Indian ...

India's Commerce Minister Kamal Nath has stated that the trade volume between India and Association of Southeast Asian Nations (Asean) is going to increase by a whopping $10 billion this year. This statement came a day after the two parties sealed the Free Trade Agreement (FTA) on Thursday, August ...

The largest automobile manufacturer in the world, the General Motors (GM) has stated that it is going to spend $200 million at Talegaon close to Pune in Maharashtra for building a powertrain (engine, gearbox and transmission) project. The yearly production capacity of this powertrain project will ...

According to Microsoft sources, it has agreed to buy web-based online survey company Greenfield Online for $486 Million. Under this buyout deal Microsoft will pay $17.50 per share to Greenfield Online. Earlier, in the month of June, Greenfield had informed that U.S. buyout firm Quadrangle Group was ...

A release from Tech Mahindra reveals that the company has bought minority stake for an undisclosed amount in European System Integrator Servista. Tech Mahindra is a part of Mahindra Group, and is a major IT company in India. With this buyout Tech Mahindra will have the right to nominate a member ...

Las Vegas Sands Corp is planning to open its venture in India; the project will be replica of Macau's strip casinos. Talking with media persons in Macau, Chairman of the firm Sheldon Adelson said that he would like to build a Cotai Strip in India. Evidently, the Cotai Strip is replica of the Las ...

Officials informed that India and Association of Southeast Asian Nations (Asean) have just concluded a free trade pact (FTP) in merchandise goods that will make way for free trade area in the region by 2016. Finalizing the pact with Singapore’s Industry Minister Lim Hng Kiang Kamal Nath, ...

The vibrant coastal city of Thailand, Pattaya, is soon going to get another luxurious hotel - Dusitd2. After the successful management of Dusit Thani Pattaya, the luxury hotel chain Dusit International is all set to open its second Dusitd2 Baraquda Pattaya in the scintillating city. The ...

It was declared by the Cisco Systems Inc on Wednesday, August 27 that it is going to acquire PostPath for $215 million. PostPath happens to be a venture-backed start-up that offers open-source e-mail and calendaring software. Cisco Systems is the leading supplier of networking equipment and network ...

India’s 4th largest leading global IT services companies, HCL Technologies has declared that it has signed a deal to completely acquire Control Point Solutions (CPS) of the United States. The CPS happens to be the leader in providing voice, data and wireless telecommunications expense ...

Toto Ltd, an international sanitaryware firm based in Japan, on Saturday, August 23, voiced its plan to set up a manufacturing unit in India after its yearly sales turnover transcended the Rs seven billion mark. 'We have 27 plants world over with seven of them being in China. We will set up a plant ...

Lupin, a drug maker based in Mumbai, has bought away more than 30 per cent stake in Australia's Generic Health Pty Ltd, a major generics drug supplier in the country. The amount invested for the acquisition, however, has not been divulged.
 
The Generic Health Pty Ltd, which has got its ...

The world’s number one steel firm, ArcelorMittal announced on Wednesday, August 20 that it is going to acquire the Brazilian iron ore mining firm, London Mining Brazil. The acquisition will cost ArcelorMittal $810 million dollars. An iron ore mining firm, the London Mining Brazil is situated ...

Key healthcare equipment manufacturer Opto Ciruits Limited of India, which bought a majority stake in the US-based Criticare Systems this year, is now looking for further acquisitions. Opto’s MD, Mr Vinod Ramnani, has stated that the company is currently negotiating with a medical devices ...

India’s key cigarette company, the ITC Limited announced on Tuesday, August 19 that its information technology arm ITC Infotech has bought Pyxis Solutions, a technology company based in United States. The Indian company, however, did not divulge how much the acquisition of the US firm, cost. ...

UTV Software Communications, an Indian Media and entertainment firm, has announced that it has bought away 80 per cent stake in the True Games Interactive, a gaming company based in California. This acquisition took place through its gaming arm UTV Interactive.
 
The True Games Interactive ...

India’s key automotive company Mahindra & Mahindra Limited (M&M) declared on Monday, August 18, that it is thinking about acquiring a 51 per cent stake in the newly formed joint venture (JV) with Jiangsu Yueda Yancheng Tractor Manufacturing Co. of China. The Jiangsu Yueda Yancheng ...

Multinational mining and resources group, Rio Tinto is soon going to sign an agreement with India’s National Mineral Development Corporation (NMDC) for prospecting iron ore. This news was made public on Wednesday, August 13 by the Chairman of NDMC. ‘We will sign a MoU. It ...

Tesco, the biggest retailer of the United Kingdom, is said to be in talks about inking a partnership deal with India’s Tata Group for foraying into the retail business segment of the country. For this, the concerned parties will ink 50:50 joint venture (JV) for cash and carry and a ...

The Walt Disney Company has acquired 15 per cent of UTV Global Broadcasting Limited (UGBL), the UTV Software Communications’ broadcasting arm, for Rs 118 Crore. At present 300,000 equity shares of the company is held by the Walt Disney.
 
About 15,00,000 equity shares of Rs 10 each in ...

The German manufacturer of luxury automobiles and motorcycles, BMW has declared that it plans to introduce its sports cars ‘X6’ in the Indian market soon. Mr Peter Kronschnabl, the BMW’s India President, said, ‘We should be launching X6 by middle of the next calendar ...

DLW, an Indian Railways production unit at Varanasi is looking forward to export to developing nations. The company is eyeing especially in Africa and the Middle East. DLW general manager S.M. Bhardwaj said that Africa is a potential market and the company is looking in Tanzania, Mozambique, ...

Sources inform that the largest power generation company in India, the National Thermal Power Corporation (NTPC) is engaged in talks to buy out a coal mine in Indonesia. For its international acquisition spree, it is informed that the NTPC has marked aside US $three billion.
 
It is further ...

Ageis, the BPO of India’s Essar Group, is all set to purchase the Los Angeles-based PeopleSupport Inc for around $250 million. It will be an all-cash deal that will help the Indian company profit from the new burgeoning outsourcing destinations.
 
The merger saw the yearly revenues of ...

The Bharat Heavy Electricals Limited (BHEL) of India has announced that it has bagged a contract from a Vietnamese firm worth Rs 200 Crore for its Hydro Power Project. It is the state-owned Nam Chien Hydropower Joint Stock Company of Vietnam which has placed the order.
 
BHEL has been put ...

The world’s largest media conglomerate company, News Corporation owned by Rupert Murdoch has announced that it aims to invest $100 million in India for starting six regional TV channels. India is one of the fastest growing media markets in the world.
 
Speaking on this issue, Murdoch ...

At a time when airlines across the globe are cutting down flights due to rising fuel costs, the national airline of the United Arab Emirates (UAE) Etihad Airways has introduced two new flights to Chennai and Kozhikode in India. The launch of Etihad’s new services now connects the region to a ...

Sintex Industries Ltd, a leading plastic products manufacturer of India, announced on Thursday, July 31 that it has bought away 90 per cent of German automobile component maker Geiger technik GMbH. This acquisition cost Sintex Industries Ltd 35.6 million euros.
 
Speaking on the recent ...

One of India’s key private sector companies the ITC Limited is all geared up to takeover a United States technology firm, revealed the Chairman of the company Y C Deveshwar during the 97th annual general meeting. This acquisition will be made through the technology subsidiary of ITC Ltd, ITC ...