The Aditya Birla Group is in acquisition mode again. It appears set to acquire US carbon black manufacturer Columbian Chemicals. According to two independent sources, negotiations are at the last stages, and a deal is expected to be announced next week. The size of the deal, said these sources, is expected to be around $900 million (Rs 4,100 crore).
Vinod takes centrestage as Pramod stays away from deal; uncertainty over the latter's continuity on Ispat board.
The O P Jindal Group has emerged as a strong contender for Ispat Industries, the debt-laden company owned by Pramod and Vinod Mittal.
UK-based investment bank Rothschild is advising Tata Global Beverages.
The state-run miner, which recently raised a record Rs 15,000 crore (Rs 150 billion) from the markets, is running short of executive manpower, even as it looks at expanding production to meet rising coal demand in the country.
Last week, the Indian markets were all about coal. However, amidst the hype over the debut of Coal India Ltd (CIL) on domestic bourses, what was mostly overlooked was the brand new logo of the world's largest coal miner.
The Railways' first-ever TVC was ideated, executed and delivered in just over two weeks and at less than Rs 2 crore.
Bids for the proposed Rs 1,290-crore (Rs 12.9 billion) Madhepura electric locomotive factory in Bihar will be opened next week, say railway ministry officials.
After signing on Tata Steel in 2007 and Brazil's CSN in 2009, Riversdale has roped in China's Wuhan Iron and Steel Corporation (Wisco).
Kolkata-based Trisys has made over 900 annual reports for companies.
A new government has taken office in Australia, which has said it will review its predecessor's controversial proposal for a 40 per cent super-profit tax on mining revenues.
A little over a year before, when the Hajigak iron ore deposit was put up for grabs, at least five companies - Essar Minerals, JSW Steel, Rashtriya Ispat Nigam, Sesa Goa and Ispat Industries - had evinced interest.
On June 11, the state had 470 kilolitres of petrol against the daily requirement of 75 kilolitres and just 7,400 LPG cylinders against 5,508 needed daily.
American car maker General Motors is likely to pull out of its technological partnership with REVA Electric Car Company, after domestic auto major Mahindra & Mahindra Ltd bought 55.2 per cent equity in the Bangalore-based company to stake its place in the fledgling electric vehicle market.
In what could mark the end of a bull run, flat steel producers are likely to cut prices from June.
Teesside, located in the north-east region of the UK, is an important part of the Tata Group's business presence abroad. It also has two contrasting tales for India's largest business group.
Says Bhushan-Essel combine, the highest bidder, has withdrawn but latter denies having done so.
Tata group Chairman Ratan Tata did live up to his promise of delivering a Rs 1 lakh car. But, that promise is now costing Tata Motors dear.
Mandarins in the home ministry may be having sleepless nights as violence brews in the Naxal-infested state of Jharkhand, but it is a different story for business here.
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