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December 21, 2010 by | No Comments
Dr. Reddy’s Laboratories said on Tuesday it has signed an agreement with Russia’s R-Pharm for licensing, technology transfer, manufacturing and marketing of products. The deal will allow Dr. Reddy’s to import and market R-Pharm products in India. It will also allow co-development of high technology products and local manufacturing in Russia, the Indian firm said in [...]
December 21, 2010 by | No Comments
CDMA mobile firm Sistema Shyam will receive a loan of USD 200 million or approximately Rs 900 crore, from Russia-based Gazprom Bank. The funds will be used for expanding its network in India. SSTL is a joint venture between India’s Shyam group and Russian conglomerate Sistema. The CEO of SSTL, Vsevolod Rozanov, in an interview [...]
December 21, 2010 by | No Comments
Shares of Ispat Industries ended 15.03% down at Rs 21.20 on the Bombay Stock Exchange today after the announcement that JSW Steel would acquire a majority stake in the company through the purchase of shares worth Rs 2,157 crore, allotted on a preferential basis. The collaboration will enable the two steel companies to cut costs [...]
December 21, 2010 by | No Comments
Sistema Shyam Telecom plans a public offer in the second half of 2011 after the completion of its 20% stake sale to the government of Russia for close to $600 million early next year. Ongoing inquiries into spectrum allocation will not affect the company’s India plans and it will reply to letter from the Indian [...]
December 20, 2010 by | No Comments
Reliance Industries’ prolific D-1 and D-3 gas fields off the East Coast, which have seen a 15 per cent drop in production in recent times, are likely to touch a peak output of 80 million standard cubic metres per day in 2012-13. According to a Directorate General of Hydrocarbons (DGH) report to the oil ministry, [...]
December 20, 2010 by | No Comments
Tata Chemicals said on Monday its unit has signed a binding agreement to acquire 100% stake in British Salt for 93 million British pounds. British Salt is a UK based maker of pure dried vacuum salt and has a market share of 50% in the UK, it said in a statement. British Salt owns brine wells in [...]
December 20, 2010 by | No Comments
Tata Steel, the world’s No 7 steel maker, is in talks to sell its South African assets to raise more than USD 150 million, the Economic Times reported on Monday citing a source it did not name. Standard Chartered’s India investment banking team has the mandate to select a potential buyer, the report added. A [...]
December 6, 2010 by | No Comments
Bhushan Power and Steel Group is planning a 450 million pound (USD 710 million) flotation next year after appointing investment banks JPMorgan Chase and Credit Suisse to oversee it, British newspaper Mail on Sunday reported. Officials at the company’s headquarters in New Delhi could not be immediately reached to comment on the report. Source: – Moneycontrol
December 6, 2010 by | No Comments
ICICI Bank said on Saturday it will raise its benchmark prime-lending rate by 50 basis points effective December 6. The bank will also raise interest rates for various tenors of retail fixed deposits by 25-50 basis points from December 6, it said in a statement. Source: – Moneycontrol
December 6, 2010 by | No Comments
The Munjal Family is likely to present a new royalty deal to the Hero group this week where the final royalty agreement is likely to be discussed. The board of Japanese automaker Honda motors is said to have approved of the royalty price. It is essential that the board’s of both companies approve of the [...]
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