To up stakes in 'globally active' firms by 3 to 4% this year.
World junior girls' champion D Harika beat English Grandmaster David Howell while Abhijeet Gupta and K Sasikiran suffered setbacks in the tenth round of the Corus chess tournament in Wijk Aan Zee, The Netherlands. Sasikiran went down to Zahar Efimenko of Ukraine in Group 'B' while Abhijeet lost to Anish Giri in a Group 'C' match. Harika kept herself in contention for a GM-norm, displaying fine attacking chess against Howell.
Grandmaster and World junior champion Abhijeet Gupta scored a thumping victory over tournament leader Tiger Hillarp Persson of Sweden in the sixth round of 'C' group in the Corus International chess tournament in Wijk Aan Zee, The Netherlands. After beating one of the co-leaders, Manuel Bosboom, in the previous round, Abhijeet was a class act yet again as he outplayed Persson, who played white.
Tata Steel and Anil Ambani-led& Reliance Communications raised $1.375 billion through overseas borrowings and convertible bonds in September, according to data released by the Reserve Bank of India. Tata Steel, which early this year acquired Anglo-Dutch firm Corus to become the sixth-largest maker of the alloy, raised $875 million for overseas acquisition through foreign currency convertible bonds.
Tata is in talks with Embraer, the Brazilian aircraft manufacturer for starting a joint venture for production of aircraft. The aircraft maker is unable to cope up with the orders that it was getting from various countries and private players. Tata had offered setting up of a joint venture with the aircraft giant, which is the only manufacturing firm that makes commercial 120-seater jets. Talks are in the infancy stage but Tata, is a serious contender for the joint venture.
Indian players had a disappointing outing at the Corus chess championship with Grandmaster Krishnan Sasikiran and D Harika settling for draws while Abhijeet Gupta went down to slip to the third spot.
For years, critics termed Tata's vehicle business as a millstone around the neck. But Group chairman Ratan Tata on Wednesday flattened their theory by taking the automobile venture to a new plane with the acquisition of British luxury brands Jaguar and Land Rover.
Tata Motors has acquired Ford's British marquees Jaguar and Land Rover for $2.30 billion in an all cash deal, sealing a deal that it pursued for nine months. Under the deal, Tata would continue to source engine from Ford, which would be paying about $600 million toward the pension liabilities of Jaguar-Land Rover employees.
Retaining the senior management of acquired companies has been the cornerstone of the company's strategy, be it in case of Daewoo's commercial vehicle business in South Korea, the tea company Tetley or the steel maker Corus.
Newly confident, they're climbing the Asia BusinessWeek 50 with global ambitions.
Though there are various provisions under the Indian income tax laws which encourage M&A activities in India, some of these provisions need to be revisited to further step up the momentum. Further, the scope of some of the concessions needs to be extended to all sectors.
This elite group of business, political, and cultural leaders is helping transform India into a 21st century economic power in Asia and beyond
The world champion played out a draw with Israeli Boris Gelfand to improve to joint third after the ninth round of the Corus International Chess tournament.
World champion Viswanathan Anand displayed top form defeating former world champion Veselin Topalov of Bulgaria in the eight round of Corus International Chess tournament on Monday.
World champion Viswanathan Anand played his third draw on the trot while P Harikrishna and Parimarjan Negi scored victories in the fourth round of the Corus International Chess tournament.
World Champion Viswanathan Anand played out a quick draw, while Parimarjan Negi scored his first victory in the third round of the Corus Grandmasters chess tournament in Wijk Aan Zee.
Following the insertion of Corus Group on Tata Group's balance sheet, global credit rating agency Moody's has downgraded Tata Steel Ltd's corporate family rating from investment to speculative.
A lot more people should buy stocks, they should be guided far more by fundamentals and their expectation of returns should be far more modest
Profit in the three months ended September 30, excluding unit Corus, rose to Rs 1,787.81 crore (Rs 17.87 billion) from from Rs 1,190.83 crore (Rs 11.9 billion). Prices per tonne of steel may fall by as much as Rs 4,000 by December, said Koushik Chatterjee, chief financial officer. Demand from makers of trucks and buses have fallen, while supplies to cars and other light vehicle have remained flat.
Tata Steel, the world's sixth-largest steel maker, is looking to acquire Brazilian iron ore assets of the United Kingdom-based London Mining, which will help ensure raw material supply for its Anglo-Dutch subsidiary, Corus. The valuation of the asset is yet to be completed, but analysts said that it would be in the range of $2 billion.
To help UB raise above half the buyout cost of Rs 4,620 cr.
Deal makes company world's second largest producer of soda ash.
Viswanathan Anand split the point with Loek van Wely in the penultimate round in group A of the Corus international chess tournament.
World champion Viswanathan Anand took a quick draw and continued to trail after five rounds of the 70th Corus Grandmasters chess tournament, even as women's world No 2 Koneru Humpy also remained winless after five rounds.
Tata Steel plans to invest nearly Rs. 600 crores on limestone deposits in Oman.
Unable to break through the solid defenses of Shakhriyar Mamedyarov, World Champion Viswanathan Anand was held to a draw by the Azerbaijani in the second round of the Group 'A' of Corus International Chess tournament in Wijk Aan Zee.
Less than a year after acquiring Anglo-Dutch steelmaker Corus, Tata Group appears close to taking over the reins of Ford's British marques - Land Rover and Jaguar, for which it is believed to have submitted a detailed offer of more than $2 billion. The home-grown business conglomerate is understood to be leading the race for the two brands at close of second-round of bidding on Friday, media reports said.
After a spectacular takeover of Corus, Tata Steel has made a hostile offer to acquire Brazilian iron ore miner AVG, which is owned by global mineral giant MMX. The Steel Business Briefing quoted a MMX president Eike Batista as saying that the domestic steel giant has made the offer. AVG was purchased by MMX last year for $224 million. Its current capacity is around 2.3 million tonnes per year.
Global financial services giant Citigroup has identified Jet Airways, Indraprastha Gas, Gokaldas Exports and Abhishek Industries as potential targets for leveraged buyouts by smaller companies looking for a presence in India, while acknowledging that
World champion Viswanathan Anand delivered the goods when it mattered the most, defeating leader Magnus Carlsen of Norway in a complicated 11th round game of the 'A' group in the Corus International Chess tournament in Wijk Aan Zee.
During the quarter, exceptional items stood at Rs 1,899.64 crore, which includes an actuarial gain of Rs 1,850.25 crore on funds for employee benefits. Total income zoomed 425 per cent to Rs 32,535.15 crore from Rs 6,192.95 crore. Total expenditure, however, jumped 551 per cent to Rs 28,803.59 crore as well.
Parimarjan Negi beat Dennis Rujigrok of Holland to jump to joint second place in the 'C' group at the Corus International chess tournaments.
Viswanathan Anand won his first game handing Judit Polgar a defeat in the seventh round of Corus Granmasters chess tournament in Wijk Aan Zee.
After Tata Steel's successful bid to acquire much-larger Anglo-Dutch steelmaker Corus, the trend of small companies acquiring larger firms could soon find its way into the Indian IT space, a new study shows.
Like corporations all round the world and of all nationalities, Indian businesses understand the urgent need to acquire global scale and efficiencies to succeed.
What a terrific start to the new year! Tata Steel has won a mind-blowing $13.65 billion bid for Anglo-Dutch steel-maker Corus.
The UK on Tuesday assured complete government neutrality on Tata Steel's bid to acquire Corus and sought similar treatment for British telecom firm Vodafone in its bid to acquire mobile venture Hutchison-Essar.
If 2006 was the year when companies in China and India hinted at their potential to redraw the global landscape for mergers and acquisitions, this has been the year when they started to deliver on their promise.
The world champion wants Garry Kasparov to come back from retirement so that he can play one more game against the Russian.
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