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Allied Digital Services gains on overseas acquisition

Allied Digital operates in diversified segments viz. IT solutions, networking and communication solutions, integrated solutions and software solutions. It is also into infrastructure management services, telecom-BPO and remote management services to its customers pan India. Allied Digital Services jumped by 6.43% to Rs 885 today on BSE after the company said it has acquired 80.5% […]

Gammon India Gains on Overseas Acquisition

Gammon India gained today on BSE after the company said its overseas units have acquired stakes in two Italian firms. The company made this announcement during trading hours today, 11 June 2008. The stock hit a high of Rs 385 and a low of Rs 368 so far during the day. The stock had a […]

France Telecom opens talks on $42 billion takeover bid for TeliaSonera

France Telecom had opened talks on a $42 billion takeover bid for TeliaSonera that would create the world’s fourth-largest telecommunications operator. The Swedish telecom immediately dismissed the bid as to low, sending it shares jumping nearly 7 percent to 57.75 kronor ($9.56) with some analysts in agreement. France’s dominant telecom operator stopped short of a […]

Sterlite Industries Bought US Based Asarco LIc

Sterlite Industries Ltd has agreed to buy the entire operating assets of the US-based copper mining company Asarco Llc for $2.6 billion (around Rs 11,050 crore) in cash. Sterlite emerged as the highest bidder in a court-approved auction; other bidders included Grupo Mexico which owned Asarco before the latter became bankrupt. With Asarco acquisition, Sterlite […]

Mindtree Consulting Aquiring AztecSoft – A Product Development and Testing Company?

On the buzz of Mindtree Consulting aquiring AztecSoft for around Rs 400 crore, MindTree gained 2.81% to Rs 480 at 10:52 IST on BSE. Aztecsoft is a software engineering services partner for software product companies. As per recent reports, the deal is expected to be concluded in a couple of days. The stock hit a […]

Biocon to buy US firm for $400 mn

After gaining a foothold in the European market with the acquisition of German drug marketing firm AxiCorp GmbH in February, India‚Äôs Biocon Ltd now has set its sights on the US pharma distribution market with a deal valued at about $400 million (Rs1,595 crore).The Bangalore-based biotech firm has been scouting for an acquisition in the […]

JK Tyre Aquires Mexican Tyre Producing Company, Tornel

JK Tyre & Industries has announced the acquisition of a $200-million Mexican tyre-producing company, Tornel, for Rs 270 crore. Tornel, which specialises in passenger car radials, has a total capacity of 6.6 million tyres at its three plants located in Mexico.