Welspun Gujarat, the second largest line pipe manufacturer in the world, today announced that Genesis Asset Managers, a specialist investment manager in emerging markets, has acquired over 5% of the company`s equity share capital.
Hindustan Construction Company (HCC) announced that the company along with SEW Infrastructure and Megha Engineering & Infrastructure bagged a contract worth Rs 6.39 billion for construction of barrage of around 3.5 km with head regulator across river Pranahita (PCLIS - Package-III) in Adilabad district of Andhra Pradesh, from Government of Andhra Pradesh, Irrigation and CAD Department.
Gateway Distriparks announces buyback at Rs 110 a share.The company announced the buy-back of its fully paid-up equity shares of the face value of Rs 10 each from the existing owners of equity shares at a price not exceeding Rs 110 a equity share, for an aggregate amount not exceeding Rs 640 million. The buyback offer opens Aug. 04, 2008 and closes on Jan. 24, 2009.
ABB India bagged Rs 4.55 billion smelter order form Vedanta Aluminium to provide automation and power products, systems and solution for expansion of their aluminum smelter plant at Jharsuguda in Orissa.
Rolta, one of India`s leading IT companies, today announced the signing of an agreement to acquire WhittmanHart Consulting, the consulting division of WhittmanHart, a premier Chicago based company providing value driven solutions in digital communications, process improvement, and enabling technologies, for over 20 years.
Bank of Baroda will form two joint ventures (JVs) with Italy and UK based companies for undertaking the business of mutual fund and life insurance
Rolta is close to acquiring a Chicago-based software firm and the deal size is expected to be around USD 40-50 million
The Reserve Bank of India (RBI) has increased the CRR (Cash Reserve Ratio) by 25 bps and Repo rate (the rate at which the central bank lends money to other banks), by 50 bps.
Emami, a major FMCG player, is planning to foray into the retail segment of edible oils by March next year as it aims to be a top player within two to five years,
