Kausik Datta In Mumbai

Stories by Kausik Datta In Mumbai

ADAG eyes coal firm in Indonesia

ADAG eyes coal firm in Indonesia

Rediff.com   3 Dec 2007

The group has earmarked over Rs 4,000 crore (Rs 40 billion) to acquire coal mines in foreign countries.

Vodafone to raise Rs 2,000 cr overseas

Vodafone to raise Rs 2,000 cr overseas

Rediff.com   26 Nov 2007

Vodafone-Essar, the leading GSM operator is raising around $500 million (Rs 2,000 crore) through overseas borrowing. This is the first fund raising by the telecom major after British telecom major Vodafone acquired a majority stake.

Videocon joins race for UK oil company

Videocon joins race for UK oil company

Rediff.com   24 Nov 2007

Videocon Industries, the oil-to-consumer durables company, has joined the race for the acquisition of the London-based Burren Energy, which recently rejected several approaches including one worth $3.5 billion (Rs 14,000 crore) from the Italian major ENI.

Dubai co queers Tata pitch for Orient-Express

Dubai co queers Tata pitch for Orient-Express

Rediff.com   24 Oct 2007

Dubai Holding, an investment firm of the Dubai government, has threatened to come out with an open offer for Orient-Express Hotels if the Tata group acquires a significant stake in the hotel chain. This comes exactly a month after the Tata group's Indian Hotels Company bought 10 per cent and expressed interest in striking a deal which was turned down by Orient-Express.

3 Tata firms begin CEO search

3 Tata firms begin CEO search

Rediff.com   12 Oct 2007

The top slots at three Tata companies -- Tata Motors, Tata Steel and Tata Consultancy Services -- will be up for grabs in two years with incumbents Ravi Kant, B Muthuraman and S Ramadorai due to retire in 2009.

IFCI suitors worried about stake stability

IFCI suitors worried about stake stability

Rediff.com   11 Oct 2007

Interested parties are concerned about the possibility of 24 domestic banks and six financial institutions converting to equity Rs 1,480 crore worth of zero-coupon debentures to which they subscribed in 2002-03.

Why the Bajaj brothers are at war

Why the Bajaj brothers are at war

Rediff.com   8 Oct 2007

Even as the Bajaj imbroglio comes up for hearing before the Company Law Board (CLB) on October 23, there is every indication that this might turn out to be the longest-running family feud of all times.

'IAS is still the tops'

'IAS is still the tops'

Rediff.com   18 Sep 2007

Despite all its problems, V Thulasidas, head of the merged Air India-Indian Airlines, feels the elite cadre provides the most challenging environment.

Ess Dee to buy Alcan arm

Ess Dee to buy Alcan arm

Rediff.com   14 Sep 2007

Essel Propack, Amcore other contenders for $1bn deal.

Rs 5 lakh crore to bolster steel sector

Rs 5 lakh crore to bolster steel sector

Rediff.com   11 Sep 2007

The Indian steel industry is poised to witness an investment of more than Rs 5 lakh crore (Rs billion), which is over six times the total money ploughed into the sector since independence.

United Phos, Rallis eye $2 bn buy in Japan

United Phos, Rallis eye $2 bn buy in Japan

Rediff.com   11 Sep 2007

Arysta, the target, is a leading crop protection and life sciences firm.

New delisting norms soon

New delisting norms soon

Rediff.com   6 Sep 2007

The Securities and Exchange Board of India is set to introduce new norms to ensure higher public participation for delisting of company shares.

Posco suggests fish and pickle deal for land-loser

Posco suggests fish and pickle deal for land-loser

Rediff.com   4 Sep 2007

Korean major considers offering locals an export market in addition to compensation.

R-Money to introduce one-gram gold coins

R-Money to introduce one-gram gold coins

Rediff.com   28 Aug 2007

R-Money, the Anil Ambani group's retail brokerage arm, will introduce gold coins in smaller denominations of half gram and one gram in the market. The market is currently dominated by 5-gm and 8-gm coins.

JSW Steel set to buy 3 US firms

JSW Steel set to buy 3 US firms

Rediff.com   21 Aug 2007

Announcement for the Rs 4,000-crore acquisition likely today.

RIL defers meet over IPCL merger delay

RIL defers meet over IPCL merger delay

Rediff.com   14 Aug 2007

Reliance Industries, the country's most valued company, is delaying its annual general meeting this year following non-receipt of approvals for merger of Indian Petrochemicals with itself.

India Inc may go slow on M&As

India Inc may go slow on M&As

Rediff.com   11 Aug 2007

The US sub-prime loan market crisis is expected to temper cross-border mergers and acquisitions as Indian companies go slow on acquisitions.

Tata Steel bankers cut price of Corus loan

Tata Steel bankers cut price of Corus loan

Rediff.com   10 Aug 2007

The steel-maker will now have to pay 50 basis points more on this tranche of $1 billion with a seven-year tenure.

RIL may buy stake in Modern Dairies

RIL may buy stake in Modern Dairies

Rediff.com   9 Aug 2007

Mukesh Ambani's Reliance Industries is in talks to acquire an equity stake in Haryana-based Modern Dairies, which would strengthen its presence in the high-volume, low-margin liquid milk market.

JSW looks at LBO for N American buy

JSW looks at LBO for N American buy

Rediff.com   3 Aug 2007

At a time when instability in the US leveraged buyout (LBO) market is making world equities markets jittery, JSW Steel is planning a leveraged buyout of a North American steel company.