US-Based private equity firm Ripplewood Holdings, currently pitted against Tata Motors in the race to buy Land Rover and Jaguar.
Idea plans to spend about Rs 9,000 crore in capital expenditure over the next couple of years and has already begun outsourcing its information technology operations to IBM earlier this year.
The proposed acquisition could make Essel Propack world’s No. 1 in personal-care packaging & add top cosmetics labels to its client list.
Group plans to invest $600 million; to ramp up capacity to 1.1 million tonnes by 2010.
The $24-billion Mumbai-based conglomerate is now close to making UltraTech its national brand that will hold all regional brands currently under group flagship Grasim.
Even as global steel major Posco faces fresh hurdles for its $10-billion plan to build a steel plant in Orissa, arch rival and the world’s largest steel maker ArcelorMittal.
Day after it announced its intention to acquire the institutional business of brokerage firm Brics Securities, global investment bank and equity fund Lehman.
Pradeep Dobhale, the chief executive of ITC’s paper division, was willing to try an experiment recently.
Vedanta group company India Foils, the country’s largest aluminium foils maker, is on the block. Vedanta has appointed KPMG to scout for potential suitors for the unit, which it bought from the BM Khaitan group in 2000.
A bid from the world’s largest paints maker Akzo Nobel isn’t the only thing troubling ICI these days.
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