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Tuesday, June 05, 2007
Brazil emerges India's largest Latin American trade partner
Sterlite to raise $2 b from U.S. IPO
NEW YORK: Sterlite Industries plans to raise about $2.06 billion (over Rs. 8,000 crore) through an initial public offer of 125 million American Depository Shares (ADS), with an option to issue an additional 18.75 million shares. ...
Flextronics to buy Solectron
CALIFORNIA: The Singapore-based contract electronics manufacturer Flextronics International will buy contract electronics maker Solectron Corp. in a cash-and-stock deal worth about $3.6 billion, the company said on Monday. ...
MobileStore launches `Rock with Rolls'
CHENNAI: : `Rock with Rolls,' an initiative to promote The MobileStore brand was flagged off by Rajiv Agarwal, Chief Executive Officer and Director, Essar Telecom Retail Ltd. According to the plan, a Rolls Royce car will travel through eleven ...
Blaze flash acquires United Air Express
CHENNAI: : Blaze Flash Courier Ltd. has acquired United Air Express, a courier company. The company has 22 self-offices, 600 franchisees and around 500 employees. With this acquisition, Blaze Flash would able to serve more than 5,000 destinations ...
Abraaj closes private equity transaction
CHENNAI: : Abraaj Capital, an investment firm specialising in private equity investment in West Asia, North Africa and South Asia (MENASA), has announced the closing of the largest private equity acquisition ever in the West Asia and North Africa ...
eBay acquires StumbleUpon
CHENNAI: : eBay Inc. has acquired StumbleUpon, a company that helps people discover and share content online, for about $75 million. The acquisition will provide eBay in-depth exposure to a community-based service with around 2.3 million users, a ...
Shri Lakshmi Cotsyn to float FCCBs/GDRs
NEW DELHI: : The board of directors of Shri Lakshmi Cotsyn (SLCL), a company whose primary activity is textile manufacturing, has approved in principle the issue of foreign currency convertible bonds (FCCBs) or global depository receipts (GDRs) ...
AIMA forays into China
CHENNAI: All India Management Association (AIMA) has signed a memorandum of cooperation (MOC) with China International Institute of Multinational Corporation (CIIMC). According to a release, under the MOC, both the associations will work ...
Mahindra Farm Equipment gets EEPC award
NEW DELHI: Mahindra Farm Equipment Sector (FES) of Mahindra & Mahindra has won the all India award for export excellence instituted by the Engineering Export Promotion Council (EEPC). V. S. Parthasarathy, Executive Vice-President, International
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