Tata Steel reportedly plans to list Tata Steel Global Resources, the holding company for its steel and raw material assets outside India, on the London Stock Exchange to raise funds to buy iron ore and coal mines, and pay back part of the debt it took to buy Corus Plc.
Oil and Natural Gas Corporation (ONGC) is likely to conclude an acquisition deal in two months, suggest reports. The acquisition could be a company or a discovered oil and natural gas asset.
Parsvnath Developers may reportedly buy 30% - 38% in the Nano City project in Haryana of Sabeer Bhatia, who developed Hotmail.
Shipping Corporation of India has reportedly been able to place orders for only half its planned order for ships estimated for the 11th five-year plan, as shipyards globally are overbooked and have a long waiting list.
Negotiations between K Raheja Universal group and Lupin for part of the latter's land in the Thane district has reportedly flopped because of the prevailing uncertainty in the real estate market.
WNS Holdings, controlled by Warburg Pincus, has reportedly bought the BPOs of UK-based insurance company Aviva in India and Sri Lanka for $230 million.
The Supreme Court has reportedly appointed a three-member arbitration panel to sort out the tussle between the Tatas and the AV Birla group over Idea Cellular.
The board of Abbott India at the meeting held on 9 July 2008 approved a buy back of 7.97 lakh shares through open offer at Rs 630 a share.
The board Era Financial Services India at the meeting held on 9 July 2008 has approved the merger of Era Landmarks (India), a real estate firm, with the company.
Bajaj Auto, Bajaj Holdings and Sintex Industries will declare their June ended Q1 results today.