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India-based diamond and jewelry company Shrenuj & Company Limited announced the acquisition of US-based Simon Golub & Sons Inc. (SGS), which is one of the top five jewelry distributors in America. The deal is valued at US$22.7 million for acquiring … […] After writing reams on merger and acquisitions worth trillions of dollars, the media industry is now playing the protagonist in the takeover drama with 53 billion dollars worth of hostile and agreed offers hitting the headlines since the beginning of 2007. While the overall M&A activities so far this year have crossed the two trillion dollar mark, the media and publishing sector's share has soared past 50 billion dollars with two of the world's biggest media properties Reuters and Dow Jones emerging as hot takeover targets. […] State-run Canara Bank is looking to buy smaller rival Dena Bank, the Business Standard reported on Wednesday quoting unnamed sources. Canara had appointed Ernst & Young to explore the possibility of the deal and the banks' chairmen would meet soon, the report said, quoting sources close to the development. […] French bank BNP Paribas said on Wednesday it will pay 1.97 billion rupees ($48.2 million) for a 49.9 percent stake in India's Sundaram Home Finance Ltd, extending its presence in the fast-growing economy. BNP Paribas, the euro zone's second biggest … […] J P Morgan Property Fund, which has mobilised over $300 million (Rs1,228 crore) to focus on Indian real estate, is going to set up a residential project in Chennai, at an estimated cost of Rs400 crore. Chennai-based realty developer Arihant … […]
Venture capital (VC) arms of companies such as Intel, Cisco, Reliance ADAG, Google and Yahoo are increasing their investments in early stage technology and consumer service start-ups in India. In the past 12 months, Intel Capital, the venture arm of the world’s largest computer chip manufacturer, has invested in 10 start-up companies; the aim is to make one new investment every six weeks. In contrast, in the eight years from 1998, when Intel Capital first started investing in India, through December 2005, when it announced the Rs1,125 crore Intel Capital India Technology Fund, the firm would typically invest in an average of three-four start-ups in a year. […] Swiss cement maker Holcim on Tuesday acquired 3% stake in ACC, India’s second-largest cement firm, for around Rs 529 crore. AV Birla-controlled UltraTech is the largest cement maker in the country. Subsequent to the share purchase, Holcim’s holding in ACC has moved up to about 41%. […] Construction and real-estate company Madhucon Projects Ltd has acquired a 5,000- hectare coal-mining block in Indonesia, in line with its pursuit of getting into the energy sector. The coal mine in the East Kaliyamandin region will be exploited immediately with … […] The International Financial Corporation (IFC) has picked up 11.8% stake in Granules India (GIL), a mid-sized pharmaceutical firm, for $15 million (Rs 60 crore). The Hyderabad-based company plans to use the funds to part-finance its Rs 120-crore expansion projects. GIL’s … […] With the Reserve Bank of India (RBI) restricting banks from investing in real estate, developers are looking abroad to raise money. Their valuations touching all-time highs, many firms are making a beeline for the London Stock Exchange’s (LSE’s) Alternative Investment Market (AIM) that allows smaller companies to raise money. […] |