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Popular Articles

Cadbury accepts $19.7bn Kraft offer
The board of UK’s leading confectioner Cadbury Plc today accepted the final takeover offer of US-based Kraft Foods Inc at £11.9 billion ($19.7 billion), ending a six-month resistance and putting on course the creation of the world’s largest confectioner. According to the final offer, Cadbury shareholders will get 840 pence a share, including 500 pence in cash and rest in stock.

Indian, Abu Dhabi investors looking to bid for British Land
A consortium of Indian and Abu Dhabi investors, which is believed to include steel czar Lakshmi Mittal, is planning to bid for UK property company British Land, says a media report.

News of the day

Winter session of Bengal assembly starts
Winter session of West Bengal assembly began here today and is likely to be stormy with the ruling Left Front moving a non-official resolution in the House demanding discussion on "Statewide anarchy by Maoists and Trinamool Congress". Announcing to move along with several other resolutions, government chief whip Syed Mohammad Masih told reporters that they had raised the issue in Business Advisory Committee meeting. He alleged that Naxalites and TMC were "unleashing a reign of terror" in the state and the latter was involved in spreading anarchy with their direct or indirect involvement with the former.
International Business

IPOs in 4 group firms possible: ICICI

ICICI Bank on Friday said it could make initial public offerings (IPO) in four subsidiaries or sell stake in its insurance ventures after the sectoral foreign direct investment (FDI) limit was raised. - New software enables IPO application via SMS - IPOs fail to enthuse retail investors - IPO grading system fails to produce desired results - Self-certified syndicate bankers to get fee for IPO applications - PSU sell-off planning to begin in August - India Inc"s fund raising dips 73% in H109 The bank would take a call once laws were amended to hike the FDI limit in the insurance sector from 26 per cent to 49 per cent, ICICI Bank CEO and Managing Director Chanda Kochhar said.


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