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Popular Articles

Bharti may take on MTN in bid for Zain
Indian firm holds preliminary talks, Essar group also in the fray.

Ajit Ranade: The Coming Capital Famine
Ajit Ranade / January 26, 2010, 0:35 IST

News of the day

Essar's Shell acquisition may cost $1.2 billion
Ruias-controlled Essar Oil (EOL) is looking to seal a deal with Royal Dutch Shell at $1-1.2 billion (between Rs 4,670 and 5,600 crore) for acquiring the global petroleum giant’s three refineries in Europe. EOL has presented its valuation of assets to the Shell management and the negotiations are on verge of completion, said banking sources close to the development.
Small Business

Jet to buy 26% stake in JV with Malaysian Airlines

The Board of Directors of Jet Airways has given its in-principle approval to acquire 26 per cent stake in MAS GMR Aerospace Engineering Company for an unspecified amount. - Jet back in black with Rs 106 cr profit in Q3 - GHIAL signs three MoUs - Wipro to step up spread of Yardley’s contribution to revenue - Bhushan Steel-Essel set to acquire plot for Rs 1,530 Cr - SBI not eyeing acquisition of another bank: Bhatt - T Rowe acquires 26% in UTI AMC, UTI Trustee The Hyderabad-based MAS GMR Aerospace is a joint venture between Malaysian Airlines" engineering arm and the GMR group engaged in setting up a Maintenance, Repair and Overhaul (MRO) facility. The 26 per cent stake in MAS GMR will be acquired partly in cash and partly for consideration other than cash, Jet Airways said in a communication to the Bombay Stock Exchange today. The transaction is subject to regulatory approvals, the company said.


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