US seeks India's help to crack i-flex code
The US government has approached India to help Oracle Corporation, the US-based enterprise software giant with annual revenues of around $16 billion, to increase its stake in Indian financial software solutions company i-flex.
Arcelor Mittal in race to acquire Sesa Goa
Luxembourg-based Arcelor Mittal, the world's largest steelmaker, is in the fray to acquire India's top private iron ore producer Sesa Goa for about one billion dollars.
Sahara launches care house for NRIs
Sahara India Pariwar announced its foray into the global services market targeting non-resident Indians with an aim to garner about 160 million dollars revenue in the next three years.
Le Monde debates fate of REpower over Indo-Portuguese tango with France
The battle for REpower Systems AG, Germany has gotten an ‘attractive’ offer of 126 Euros a share from Suzlon Energy and Portuguese Martifier on one hand and a a French Areva Group bid for 105 Euros.
LNM siblings seen in race for his US plant
Pramod and Vinod Mittal who run Mumbai-based Ispat Industries, are learnt to be in the running to buy a US-based tinplate plant, owned by LN Mittal-run Arcelor-Mittal.
'India Inc firm on high growth'
A survey by industry body ASSOCHAM said that a majority of India Inc believes high growth of the Indian economy will continue in the next financial year.
K-G finds are for real, says ONGC
Upstream oil major ONGC has finally responded to the objection raised by the Directorate General of Hydrocarbons (DGH) on the contentious KG basin discovery issue.
Infy eyes UK's SmartStream Technologies
Software bellwether Infosys could make a move to acquire UK-based SmartStream Technologies, which provides solutions for financial services sector, for over £100 million.
Airport modernisation: Tata, Changi finalise tie-up
The Tata Group has entered into a strategic alliance with Changi Airports International (CAI) to take up airport projects here, including the proposed modernisation of Chennai and Kolkata airports.
Shell's centre of excellence in Bangalore
Shell, which had announced the setting up of a centre of excellence in India, on Wednesday said it has decided to locate it in Bangalore.
DuPont sets up refinish training centre
E I DuPont has set up a refinish training centre targeted at car workshop and body shop outlets.
IOC shelves plan for LPG pipeline network
IndianOil has shelved its plan to set up an LPG pipeline network connecting its major refineries owing to lack of throughput.
Garnet in pact with Dubai group for Magic Hills project
Garnet Construction Ltd has entered into a three-year exclusive marketing alliance with the Sternon Group, a Dubai-based real estate developer, for global marketing of its project called Magic Hills, spanning 400 acres on the Mumbai- Pune express highway.
ICICI to bank on overseas corp funding
ICICI Bank has said that it will increase the share of revenue from international business to 25% to its overall business in the next 18 months. At present, the international business contributes 17% ($12 billion) to the bank’s revenue.