Malaysian telecom denies India corruption claims

2011-10-11T17:30:35Z

Malaysian mobile operator Maxis Communications Berhad on Tuesday denied any wrongdoing in its 2006 acquisition of Aircel in India, amid accusations of corruption and conspiracy.

One Indian ex-telecoms minister is already in custody and Indian police said cases of corruption and conspiracy were registered against his predecessor, MUMBAI (Reuters) - Starbucks Corp is finalizing an equity joint venture with India's Tata Coffee Ltd for opening coffee shops in

Boeing to build 10 C-17 airlifters for India

2011-06-15T16:30:23Z

Boeing said Wednesday that India?s defense ministry has signed an agreement with the US government to buy 10 Boeing C-17 transports, making India the plane's largest international customer.

Boeing said that under the deal, India will take delivery of its C-17 Gl...

Wal-Mart plans more megastores in India

2011-05-24T14:31:06Z

Retail giant Wal-Mart said on Tuesday it aims to open up to 20 more megastore wholesale outlets in India by the end of 2012 as it increases its operations in the country.

The joint venture between US retailer Wal-Mart Stores Inc and India's Bharti Enterprises Ltd, par...

India's Reliance net profit up 14 percent

2011-04-21T15:30:59Z

India's largest private sector firm, Reliance Industries, Thursday reported its biggest-ever profits, but the rise lagged behind expectations thanks to lower-than-expected refining margins growth.

The energy giant said net profit rose 14.1 percent to 53.76 billion rupees ($1.2 billion) for the three months ended March, from 47.10 billion rupees a year ago.

India eases foreign investment rules

2011-04-01T04:30:38Z

India has eased regulations governing foreign companies and their Indian joint venture partners as it seeks to halt a decline in direct foreign investment.

Foreign companies with an existing joint venture in India will no longer need the local partner's permission if they want to set up a wholly-owned subsidiary in the same field of business, a government statement said late Thursday.

The move will "promote the competitiveness of Indi...

BHP to invest billions in Australian iron ore, coal

2011-03-25T04:30:15Z

Mining giant BHP Billiton said Friday it will pour almost $13 billion into expanding its coal and iron ore operations in Australia, key commodities that are driving the boom in Asian economies.

The cashed-up resource giant's huge spending spree will see investment in mine and rail projects across the country as well as new equipment as it moves to meet ever growing de...

McDonald's selling stake in Indian JV: report

2011-02-20T20:00:04Z

MUMBAI (Reuters) - McDonald's Corp is selling its 50 percent stake in one of its Indian joint ventures to the local partner for an undisclosed amount and converting it into a franchisee operation, the Economic Times reported on Monday.

The world's biggest restaurant...

Obama meets Indian national security advisor

2011-01-29T16:30:21Z

President Barack Obama met India's National Security Advisor Shivshankar Menon, who was in town to discuss agreements reached during the US leader's India visit, officials said Saturday.

Obama dropped in on a meeting between his own

Cochin International Airport Limited (CIAL) success: Ideas for addressing related infrastructure problems

2010-11-29T15:41:00Z

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In India, Obama searches for big gesture

2010-11-04T09:01:54Z

Obama, smarting from an election defeat at home, starts a four-nation Asian tour on Saturday in India, whose relations with the United States have rapidly warmed in the past decade.

Obama has described India as one of the few global partners for the United States and last year honored Prime Minister Manmohan S...

Big blunders in business: How your business can learn from common mistakes

2010-11-04T13:38:52Z

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Japan, India PMs reach broad agreement on trade pact

2010-10-25T05:30:36Z

"We signed a joint statement confirming the conclusion of negotiations on a Comprehensive Economic Partnership Agreement between Japan and India," said Japan's Prime Minister Naoto Kan after talks with India's Manmohan Singh.

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Why M&A For Metal Majors Is A Bad Idea

2010-09-29T22:10:22Z

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Mahindra Satyam posts heavy losses post scandal

2010-09-29T10:00:27Z

Mahindra Satyam reports losses in 1st earnings statement since India's largest corporate fraud

Indian outsourcer Mahindra Satyam said Wednesday that it posted heavy losses in fiscal years 2009 and 2010, missing analyst expectations in its first earnings statement since the company's founder confessed to the largest fraud in Indian cor...

Causes for increase in Merger and Acquisition in India

2010-10-05T20:28:43Z

The opening up of the global economy led to 100s of companies springing up in various sectors all over India. Over a period of time some of these companies have made it right to the top while some of them have not. The recent trend shows an increase in the merger and acquisition rate in the country. This might have caused you to wonder why? The reason is simple. Alliances such as these make a lot of business sense and here's how:

They open up markets

One of the...

Deals return in Q3, but outlook still cautious

2010-09-24T02:30:07Z

PHILADELPHIA (Reuters) - Buoyed by the busiest August in more than a decade, global mergers and acquisitions have risen 21 percent so far this year, with stable activity in the United States and growth in emerging markets offsetting a drop in European d...

Bathroom Hardware Industry In 2009 Inventory Of The Seven Key Words

2010-09-22T06:10:31Z

Time to the year drew, in the new year coming time, I believe many people and many companies are thinking about, in this year's busy, how much do we gain? And how many passes? Many achievements worthy of our memory? how many events worthy of our consideration?

As an important part of national consumption, Home Building materials industry in 2009 as a transparent face inventory, to test how much precipitation this industry is worth thinking and memorizing key words...

What Are Shares Authorized?

2010-11-05T09:45:06Z

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Japan, India reach basic free trade accord

2010-09-09T05:15:43Z

Asian economic powers Japan and India broadly agreed Thursday on a free trade deal that aims to reduce most tariffs between the two nations in a decade, Japanese foreign minister Katsuya Okada said.

The two countries will iron out details before officially signing the pact when India's state-run Oil and Natural Gas Corp. (ONGC) may counter an offer worth up to 9.6 billion dollars by Vedanta Resources for mining assets in India, a report said on Wednesday.

Vedanta said Monday it would buy a controlling stake in the Indian unit of Britain's Vedanta Resources said on Monday that it had agreed to acquire a majority stake in energy explorer Cairn India for up to 6.1 billion pounds in cash.

"The proposed acquisition significantly enhances Vedanta's position as a natural resources champion in India," Vedanta's owner Vedanta Resources said on Monday that it had agreed to acquire a majority stake in energy explorer Cairn India for up to 9.6 billion dollars in cash.

"The proposed acquisition significantly enhances Vedanta's position as a natural resources champion in India," Vedanta's tycoon owner

Vedanta seeks Cairn stake for $ 8.5 bln: report

2010-08-13T06:16:30Z

London-listed Vedanta Resources is in talks to acquire a majority stake in Cairn India for up to 8.5 billion dollars and a deal may be announced in a couple of days, a report said.

Scottish explorer Cairn Energy Plc, which holds a 62.4 percent interest in its India-listed unit Cairn India, is seeking up t...

Vedanta seeks Cairn stake for $8.5 bln

2010-08-13T06:15:58Z

London-listed Vedanta Resources is in talks to acquire a majority stake in Cairn India for up to 8.5 billion dollars and a deal may be announced in a couple of days, a report said.

Scottish explorer Cairn Energy Plc, which holds a 62.4 percent interest in its India-listed unit Cairn India, is seeking up t...

Vedanta seeks Cairn stake for $8.5 bln: report

2010-08-13T05:15:46Z

London-listed Vedanta Resources is in talks to acquire a majority stake in Cairn India for up to 8.5 billion dollars and the deal may be announced in a couple of days, a report said.

Scottish explorer Cairn Energy Plc, which holds a 62.37 percent interest in its India-listed unit Cairn India, is seeking u...

Veraz Networks, Inc. Q2 2010 Earnings Call Transcript

2010-11-02T12:12:32Z

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India's Mahindra says plans bid for Korea's Ssangyong

2010-10-22T11:21:19Z

India's leading sport utility vehicle maker Mahindra and Mahindra announced Saturday plans to bid for a majority stake in cash-strapped South Korea's Ssangyong Motor Co as the firm seeks to go global.

Mahindra's board of direc...

Reliance Industries buys third US shale gas stake

2010-08-05T04:45:12Z

India's Reliance Industries to pay $392M for third US shale gas stake from Carrizo Oil & Gas

India's Reliance Industries will pay $392 million for a 60 percent interest in a shale gas joint venture with U.S...

India's Reliance eye stake in US shale gas field

2010-08-05T04:15:16Z

India's biggest private firm, Reliance Industries, said Thursday it would pay 392 million dollars for a majority share in a US shale gas field, the third such move by the company this year.

Reliance is to buy a 60 percent stake in a joint venture with India's biggest private firm, Reliance Industries, said Thursday it would pay 392 million dollars for a majority share in a US shale gas field, the third such move by the company this year.

Reliance is to buy a 60 percent stake in a joint venture with India and Vietnam will jointly pitch for taking over the energy assets of British energy giant BP in the Southeast Asian country, the Press Trust of India reported Thursday.

India's flagship explorer ONGC Videsh Ltd (O...

Peugeot Citroen posts record sales, looks to China

2010-07-07T10:16:07Z

French auto giant PSA Peugeot Citroen on Wednesday reported record sales and said it would form a new joint venture in China, the world's largest and fastest growing auto market.

The company, ranked second in Europe behind Germany's PSA Peugeot Citroen on Wednesday reported record sales and said it would form a new joint venture in China, the world's largest and fastest growing auto market.

The company, ranked second in Europe behind Germany's Asia-focused bank HSBC on Friday bought the Indian commercial and retail banking assets of British state-controlled Royal Bank of Scotland, expanding its footprint in the emerging market nation.

"HSBC ... has agreed to acquire The Royal Bank of Scotland Group plc's retail and...

Billionaire Indian Banker Looks East

2010-11-02T12:23:35Z

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India's Reliance Broadcast signs TV deal with CBS

2010-10-22T16:01:15Z

India's Reliance Broadcast Network, part of the Anil Dhirubhai Ambani group, has signed a deal with the US-based CBS network to launch TV channels across south Asia, the company said Sunday.

The two companies will first ...

Mergers & Acquisitions Deal Analysis - IOC And Oil India To Acquire Stake In Reliance Offshore Block---Aarkstore Enterprise Market Research Aggreg

2010-10-05T22:28:11Z

Summary

Mergers and Acquisitions deal analysis reports provide independent analysis of the latest Mergers and Acquisitions deals across the global oil & gas industry. The report provides detailed information on the deal, deal valuation analysis and the impact of the deal on the companies and the industry. The report provides our independent and unbiased judgment on the latest and the most important Mergers and Acquisitions deals within the oil and gas industry.

Scope<...

Abbott buys unit of Piramal Healthcare for $3.7B

2010-05-21T11:30:24Z

Abbott buys unit of India's Piramal Healthcare for $3.7B as it chases emerging market growth

Abbott Laboratories has agreed to buy the domestic healthcare business of India's Piramal Healthcare Ltd., a leading branded generics company, for $3.72 billion, the companies...

Abbott to buy Piramal Healthcare unit for over $2 billion

2010-05-20T23:45:17Z

(Reuters) - Abbott Laboratories Inc agreed to acquire India's Piramal Healthcare's healthcare solutions business for an up-front payment of $2.12 billion, in a deal it said would make it the largest pharmaceu...

Equity Is Morality

2010-10-14T12:57:20Z

We need to examine two scenarios here:

1.When equity is derived from morality (m --> e)
2.When morality is derived from equity (e --> m)

These will enunciate the relationship that equity (e) is equal to morality (m). (e <=> m)

SCENARIO 1:
AUSTERITY DRIVE, EQUITY AND MORALITY:

The politicians in India have always been regarded as being way above the aam aadmi. However, recently, what else is all the hype of the "austerity drive" about but f...

Global Technical Textiles Business Update, 1st quarter 2010

2010-10-05T14:12:51Z

Report Description:

Among recent acquisitions, Glatfelter has taken over the nonwovens producer Concert Industries from Brookfield Special Situations Management while Kiri Dyes & Chemicals Ltd (KDCL) in India has purchased DyStar, thereby rescuing the company from insolvency. Royal Ten Cate has acquired AML UK, and Trützschler has completed its takeover of John D Hollingsworth on Wheels.

In other developments, Elmarco and Kyoto Institute of Technology ...

Fertilizer stock price barely reflects its cash: StreetSignal Report

2010-05-10T19:15:22Z

Could benefit from continued industry consolidation

Phoscan (TSX: T.FOS, Stock Forum; 44 cents)

www.phoscan.ca

We have followed Phoscan on Stockhouse (through the StreetSignal Report) since March and Friday it was announced that they received an unsolicited proposal from a third party which, if accepted, would result in a change in the company's business strategy. As a result, they have setup a special committee and hired Cormark to review this as we...

Synthesis Energy Systems Inc. F3Q10 (Qtr End 3/31/10) Earnings Call Transcript

2010-10-27T06:35:15Z

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Actis teams up with Tata for $2bn highways joint venture

2010-10-27T07:39:06Z

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Scope of Mergers and Acquisitions

2010-09-21T16:03:00Z

Mergers & Acquisition have gained popularity throughout the world in the recent times. They have become popular due to globalization, liberalization, technological developments & intensely competitive business environment. Mergers and acquisition are a big part of the corporate finance world. This process is extensively used for restructuring the business organization. In India, the concept of mergers and acquisition was initiated by the government bodies. The Indian economic reform s...

Cummins Inc. Q1 2010 Earnings Call Transcript

2010-10-27T06:31:49Z

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India's Reliance announces net profit up 30%

2010-04-23T11:17:03Z

India's largest private sector firm, Reliance Industries, said Friday its sales more than doubled but net profit rose only 30 percent in the quarter to March due to pressure on its refining margins.

The oil and gas giant said net profit was 47.10 billion rupees (1.02 billion dollars) for the three months ended March, from 36.2 billion rupees a year ago, while tu...

FOCUS: India's M&A in 2010

2010-10-06T02:19:10Z

NEW DELHI (April 22) - Godrej Consumer recently acquired the Indonesian household insecticide maker Megasari Makmur Group for INR 12 billion to strengthen presence in Asia, Africa and the Latin America. The announcement comes close to the heels of Bharti Airtel Ltd.'s cash and stock buy of African operations of Zain Africa BV for INR 493.56 billion.

India's total announced deal value for Q1CY2010 surged to USD 19,198 million compared with USD 5,195 million a year ago (Source: V...

Leveraged Buyout Explained

2010-10-05T23:34:14Z

A leveraged buyout, or LBO, is an acquisition of a company or division of another company financed with significant amount of debt. Later, the acquired company's profits are used for the repayment of the loans. This acquisition method became very popular in the U.S. in the 1980's when easy financing was available through innovative securities like junk bonds. During that time, LBOs were also used by corporate raiders such as Carl Icahn for taking over target companies. It is estimated that mo...

Corporate Raiding In India

2010-10-06T00:19:21Z

An Overview:

The twentieth century began with the process of transformation of entire business scenario. The economy of India which was hitherto controlled and regulated by the Government was set free to seize new opportunities available in the world. With the announcement of the policy of globalization, the doors of Indian economy were opened for the overseas investors. But to compete at the world platform, the scale of business was needed to be increased. In this cha...

Dow closes above 11,000 for first time in 18 months

2010-10-13T15:01:11Z

US stocks crept higher Monday ahead of the unofficial kickoff of the corporate earnings season, closing the Dow Jones Industrial Average above 11,000 for the first time in 18 months.
The blue-chip Dow gained 8.62 points, a fractional 0.08 percent, to finish at 11,005.97.
The last time the bellwether index closed above the psychologically significant 11,000 threshold was on September 26, 20...

PepsiCo, India's Tata Tea in joint-venture talks

2010-04-12T10:15:34Z

US soft-drinks and snacks giant PepsiCo and India's Tata Tea will explore the formation of a joint venture in "healthy" non-carbonated beverages, the companies said in a statement received Monday.
"More details will only be available once the definitive agreements for the joint venture are finalized and executed, which is expect...

India's Reliance buys 1.7 bln dlr stake in US gasfield

2010-06-26T05:26:13Z

India's energy giant Reliance Industries said Friday it had signed a joint venture with Atlas Energy for a 1.7 billion dollar stake in a US-based natural gas field.
India's largest private firm has now gained an overseas foothold through the Bharti Airtel said Tuesday it had sealed a 10.7-billion-dollar deal to buy Zain's African assets, ranking it among the world's top five cellular players.
With the acquisition, the second-largest foreign takeover in Indian corporate history, Bharti will acquire Kuwait-based Zain?s African mobile services operations in 15 countries including

Reliance in talks for US gasfield stake: report

2010-03-16T23:16:01Z

Indian conglomerate Reliance is in late-stage talks to buy a big stake in a US natural gasfield, a report said Wednesday, after suffering several recent setbacks in overseas investments.
Reliance is nearing a deal to invest 1.0-1.5 billion dollars in a joint venture with Atlas Energy, which controls part of a huge gasfield in the northeast of the

Phosphate project not valued by the market: The StreetSignal Report

2010-03-15T19:15:12Z

Wave of consolidation in the fertilizer market could benefit small exploration company.
Phoscan (43 cents)
I briefly mentioned in a February 1st StreetSignal report that I was following Phoscan (TSX: T.FOS, Stock Forum) closely at 40 cents. At the time I didn’t provide detail so I will elaborate more this week. We should soon see financials on Phoscan and if there are no surprises, they should have close to $65 million or 38 cents/share in cash.

Company Registration, Incorporation, Llp, And Equity Joint Venture Services For Your Smooth Business

2010-10-05T17:59:40Z

Company registration is one of the common terms used in corporate world. Without this it is very difficult for company to carry their business activities as well as it is very difficult to gain interest of people towards company's products and services. With the help of registration, it is very easy for company to get distinct identity in the market along with smooth functioning of its activities. Apart from company registration there are many types of registration used in th...

PayPal Payments To, From India Blocked

2010-10-24T15:47:07Z
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PayPal's Payment To, From India Blocked

2010-10-24T15:47:07Z
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Thermo Fisher Scientific Inc. Q4 2009 Earnings Call Transcript

2010-10-24T15:15:27Z
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The Easy and Affordable Company Registration Procedure in India

2010-10-05T17:43:55Z

To establish a new company in India, company registration procedure plays a most important role in registering your company in India. Company registration has two most important phases, which are very essential to run your company successfully. To register a new company in India, The Memorandum of Association and Articles of Association are the most important documents to be submitted to the ROC. For a new company registration, The Articles of Association contain the rules and regulations of ...

India's energy giants in global hunt for deals

2010-04-16T07:30:21Z

Cash-rich Indian energy groups are looking to flex their new-found muscles with global acquisitions as the fast-growing country joins China in the hunt for vital resources, analysts say.
"India's oil and gas sector will be a force to reckon with this year for cross-border deals," said Sidharth Punshi, India head of global investment bank Jefferies.
India has rejected a proposed tie-up between its biggest defence contractor, Larsen &amp; Toubro, and Franco-German aerospace and defence group EADS, a spokesman for the Indian firm said on Thursday.
EADS and L&amp;T had planned to form a joint venture to supply electronic warfare systems, avionics and radars, but it was rejected because it would exceed caps on foreign investment.
L&amp;T spokesman Khushwant Singh, 96, drinks tea sitting next to a fireplace in his house in New Delhi. The famously grumpy writer, known for everything from beautifully wrought novels to fart jokes, has been a giant of India's literary world for more than sixty years. The lawyer-turned-diplomat-turned-writer insist...

India Taste of Tea

2010-12-31T08:00:22Z
An Indian laborer plucks tea leaves at a tea garden in Amchong tea estate, about 45 kilometers (28 miles) east of Gauhati, India, Friday, Dec. 31, 2010. Tea growers in northeastern India say climate change has hurt the country's tea crop, leading not just to a drop in production but also subtly altering the flavor of their brew. (AP Photo/Anupam Nath)
Copyright 2010 AP News

India New Year

2010-12-31T05:01:03Z
An Indian Sadhu, or Hindu holy man, adds the sunrise to figures of the new year on his forehead on the banks of the river Ganges in Allahabad, India, Friday, Dec. 31, 2010. (AP Photo/Rajesh Kumar Singh)
Copyright 2010 AP News<...

Alcatel Settlement

2010-12-28T07:31:44Z
FILE - In this June 18, 2010 file photo, Alcatel-Lucent CEO Ben Verwaayen talks at a media briefing in New Delhi, India. Alcatel-Lucent SA has agreed to pay more than $137 million to settle charges brought against it by the Mumbai, India, Tuesday, Dec. 28, 2010. India's Home Ministry has issued a countrywide alert after receiving information of a potential terror strike by a Pakistan-based militant group, an official said Tuesday. (AP Photo/Rajanish Kakade)
Copyright 2010

The latest in India

Reliance, Bharti call off talks on insurance purchase

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