Belgium-based Hansen Transmission, a Suzlon Energy subsidiary, has raised euro 400 million (about Rs 2,300 crore) by issuing 164 million shares through an initial public offering (IPO) to fund plans in India and China.
The Oil and Natural Gas Corp has deferred investments in Imperial Energy Plc to raise crude oil production and will rather consolidate the western Siberian operations of the UK-based firm it acquired recently.
UK fashion retailer Superdry on Wednesday said it will sell its intellectual property assets in South Asia to Reliance Retail for 40 million pounds (Rs 402 crore) through a joint venture. Superdry, whose fashion line mostly includes sweatshirts, hoodies and jackets, will own 24 per cent of the joint venture while Reliance Retail, India's largest retailer, will have the remaining 76 per cent. Under the agreement, Superdry's brand IP assets in South Asia will be permanently transferred to the new JV entity.
Metal and mining companies, such as Tata Steel, JSW Steel, Hindalco, and Coal India, have been among the top-performing sectors on the bourses in recent months. The S&P BSE Metal Index is up 13 per cent in the past three months, rallying 29 per cent in the past year, outperforming the broader market. For comparison, the benchmark S&P BSE Sensex has only seen a 1.7 per cent increase in the past three months, with a 15 per cent gain since the end of September last year.
Vodafone's revenues for the third quarter have gone up by 16%, thanks to good performance in emerging markets including India.
Bollywood film distribution company Eros International, which raised Rs 189.6 crore (Rs 1.89 billion) through equity placement in the UK, listed its shares on the London Stock Exchange on Tuesday.
Observers say the transfer could be worth around 25 million pounds.
BSE is world's largest exchange in terms of listed companies and figures among top 10 globally on various other parameters.
Flag Telecom, a 100 per cent subsidiary of Reliance Communication (RComm), has mandated Goldman Sachs and Deutsche Bank as lead managers for the maiden initial public offering (IPO) on the London Stock Exchange.
"Tata Steel now anticipates that the effective date of the scheme of arrangement will be around the end of March or the first week of April 2007," it added.
UCP, recently incorporated in the Isle of Man, announced on Friday that it has placed 360 million ordinary shares of one pence each (face value) through the IPO as it aims to invest in the Indian real estate sector.
Close on the heels of the Tatas revising their bid for Corus to $9.2 billion by offering a price of 500 pence per share, the Brazilian steel firm CSN offered 515 pence a share for acquiring Corus.
Bankers and brokers allied to Brazil's Companhia Siderurgica Nacional scaling up their combined stake in the company to over 19 per cent.
The London Stock Exchange plans to conduct road shows in India from July for attracting technology and other high growth companies to list on its Alternate Investment Market segment.
Anamika Pareek answers five most frequently asked questions about investing in silver ETFs
A leading newspaper group in Delhi is keen to list a planned new company on the Alternative Investment Market of the London Stock Exchange.
Network 18, the holding company of TV 18, Global News Broadcast, Web 18 and Studio 18, is investing $10 million in a new entertainment company -- The Indian Film Company, to be listed on the Alternative Investment Market of the London Stock Exchange.
Agarwal's is a classic story of a small trader becoming metal king. The secret, he says, lies in believing in himself and in the country's potential.
NRI business tycoon Anil Agarwal-led Vedanta Resources will pay $1.37 billion (about Rs 5,700 crore) for acquiring 71 per cent stake in India's biggest iron ore exporter Sesa Goa.
Tata Technologies Ltd is all set to acquire a UK-based INCAT International Plc.
Hirco Plc, a real estate investment firm floated by Mumbai-based Hiranandani Group,on Monday announced an investment of pound 47.9 million (about Rs 400 crore) to develop a township in Chennai.
India is massively underexplored, says Rahul Shir, CEO, Cairn India.
Vedanta to file notice of claim in Cairn India tax case.
London Stock Exchange is all set to woo mid-size high-growth Indian companies to get listed on its fast growing Alternate Investment Market segment.
A company that plans to allow subscribers to stream Indian films onto their computers in real time is gearing up for a 50-million-pound listing on the London Stock Exchange early in the New Year.
Sterlite Group would raise around Rs 4500 crore (Rs 45 billion) debt from international markets for investing in non-ferrous metals and optical fibre cable businesses in the next financial year.
Acknowledging the growing importance of Indian companies in the global scenario, London Stock Exchange has created a new post for business development for India and may also set up an office in the country.
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