MV Ramsurya

  • Coal traders power foreign asset buys

    Coal traders power foreign asset buys

    Coal traders are teaming up with utilities like Tata Power, Reliance Power and CESC to jointly scout for overseas coal mines to bring down the cost of acquisition and also speed up the process of buying mines.

    3i sells stake in pipemaker Welspun

    3i sells stake in pipemaker Welspun

    The UK-listed private equity (PE) firm 3i, which is grappling with a series of exits by senior executives globally, has sold off one of its early investments in steel pipemaker Welspun Gujarat Stahl-Rohren.

    Ispat lenders may sell out to Tata Steel, Arcelor

    Ispat lenders may sell out to Tata Steel, Arcelor

    Lenders to Ispat Industries, rattled by the steelmaker’s shaky finances, are exploring options of selling their shareholding in the company to rivals Tata Steel and ArcelorMittal India.

    Tata Group to form 'elite task force' for PE play

    Tata Group to form 'elite task force' for PE play

    The Tata Group is putting in place an elite task force of senior executives, working and retired, who will act as mentors and give operational guidance to the portfolio companies of Tata Capital’s private equity practice.

    GMR to wait for tax clarity before stake distribution

    GMR to wait for tax clarity before stake distribution

    The GMR Group has decided to keep on hold an agreement on distribution of promoters’ stakes among family members till it studies the impact of changed tax and corporate law regulations.

    Novelis may bid for Rio Tinto Alcan unit

    Novelis may bid for Rio Tinto Alcan unit

    Novelis, the international subsidiary of Hindalco Industries, could bid for the rolled products division of global metals major Rio Tinto Alcan as the Aditya Birla Group seeks to buy high value manufacturing products in Europe and the US.

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