Tag Archives: credit suisse

Virtusa Corp in final negotiations to buy Polaris Consulting for Rs 1,904 crore

MUMBAI: Arun Jain, the founder chairman and mentor of Polaris Consulting & Services Ltd, is set to exit his two-decade-old company as discussions with Nasdaq-listed Virtusa Corp. to sell a controlling stake have reached the final stages. Virtusa, cofounded by … Continue reading

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Lakshmi Mittal in talks to buy stake in Delhi Daredevils

NEW DELHI | MUMBAI: ArcelorMittal chairman Lakshmi Mittal and his family members are in talks with the GMR group to buy a significant stake in its Indian Premier League team Delhi Daredevils. GMR is seeking a valuation of between $150 … Continue reading

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Nirma trumps bigger rivals like Piramal, JSW to win Lafarge Cement assets for $1.4 billion

MUMBAI | AHMEDABAD: Nirma, among the world’s largest soda ash manufacturer but a small, regional cement player in the country trumped far bigger rivals Ajay Piramal and Sajjan Jindal led JSW Cement to bag Lafarge’s 11 million tonnes per annum … Continue reading

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RIL: Aramco deal more to secure crude supply than deleveraging

Mumbai: The 20-percent stake sale in Reliance Industry’s oil-to-chemicals business to Saudi Aramco is a strategic deal driven partly to secure long-term crude supply, senior company officials explained Monday. The deal, which is expected to be completed during this fiscal, … Continue reading

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Slowdown in two-wheeler sales may spell bad news for FMCG firms like HUL: Goldman Sachs

MUMBAI: The slowdown in the sales of motorcycles and scooters could spell bad news for India’s consumer good companies, notably top player Hindustan Unilever, says a Goldman Sachs research report that has spotted a strong co-relation between the two sectors. … Continue reading

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Golcha joins race to buy Luzenac

BANGALORE: A surprise bidder from India—Jaipur-based Golcha Group—has recently entered the fray to acquire Luzenac, the world’s largest talc player, a person familiar with the move said. A formal approach, routed through a UK-based consultant, has been made to Luzenac’s … Continue reading

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Indian jewellery firm Rajesh Exports eyes Australian gold market

MELBOURNE: Indian jewellery firm Rajesh Exports is eyeing Australian markets in a bid to secure supply of gold for its empire after the company bought Switzerland– headquartered gold refinery Valcambi for $400 million. “We are very very seriously looking … … Continue reading

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LG display supplying panels for Apple’s new iPad: Source

SEOUL: Flat screen maker LG Display Co Ltd is supplying touch-screen panels for Apple Inc‘s new iPad, a source close to the matter said on Wednesday, helping its shares recover early losses. Bloomberg reported earlier that Samsung Electronics Co Ltd … Continue reading

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Handset makers like Lava & Intex to increase prices by upto 5% after Budget raises excise duty

NEW DELHI: Local smartphone vendors such as Micromax, Lava, Karbonn and Intex are set to increase prices as the Budget has increased the effective duty on imported handsets. Top executives of these companies, however, expect the measures announced by the … Continue reading

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Blackstone makes all-cash offer for PNB Housing Finance

MUMBAI- Private equity fund Blackstone is the sole bidder to express an all-cash deal interest to buy out PNB Housing Finance , two sources with direct knowledge of the development said. The company is likely to shortlist seven investors in … Continue reading

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