Power and electrical equipment company Havell's has announced to acquire $594-million SLI Sylvania lighting business at an aggregate purchase price of $300 million in an all-cash deal.
Only a handful of overseas acquisitions by Indian firms have survived the bloodbath, says Bhupesh Bhandari.
Qimat Rai Gupta's roots were truly modest. Early in life, he had even sold oil on a cycle in the villages of Punjab.
"The country that gave the world The Body, Sylvania Waters and Les Patterson has been ranked first overall in a study of the seven deadly sins -- lust, gluttony, greed, sloth, wrath, envy and pride," according to Courier Mail newspaper that quoted the latest edition of BBC's Focus magazine.
Recent appreciation has not deterred companies like electric goods maker Havells to set up plant in India.
Three businessmen disclose their success mantras: One belongs to an old Marwari family, another is a second generation industrialist whose father scripted an amazing rags-to-riches story and the third was a professional till one day he succumbed to the charms of entrepreneurship.
Havells will acquire the entire consumer business infrastructure, people and distribution network. Plus all intellectual property of the Lloyd brand, logo, trademark and attendant rights.
Savitri Jindal has retained the tag of being the richest woman in India with a networth of $5.2 billion
Indian CEOs might like to make some serious course correction.
Nifty is likely to remain under selling pressure unless and until it breach the 7,700-7,720 levels on closing basis.
A summary of sports events and sports persons, who made news on Sunday.
What has paid in the long run is the continuous investment in technology.
A summary of sports events and sports persons, who made news on Monday
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