Business

Singapore's Olam International to Buy India's Hemarus For $73.8 Million

Singapore commodities firm Olam International said on Wednesday it had agreed to buy India's Hemarus Industries for $73.8 million.

Ratan Tata Readies Plan to Enter Aviation Biz

Ratan Tata may have given up plans to get into civil aviation but the chairman of the $72 billion Tata Group is putting pieces together to be a major player in the general aviation space.

VLCC Buys Back CLSA's 13.65% Stake in Company

Beauty and fitness chain VLCC, promoted by Vandana Luthra, has bought back 13.65% stake held by global brokerage and investment firm CLSA in the company, a person with direct knowledge of the development, said.

Suzlon Plans $1.4-Billion Wind Farm in Australia

Ministry of Defence Flouts Offset Rules, Favours Foreign Vendors

Pharma Exports May Grow by 20% this Fiscal

Indian Pharma exports is likely to register 17-20 percent growth this fiscal, touching the USD 12 billion mark, a top official of Pharmaceuticals Export Promotion Council (Pharmexcil) said.

IBM to Acquire Algorithmics For Rs 1,750 Crore

IT major IBM today said it has agreed to acquire Toronto-based risk analytics firm Algorithmics for $387 million (about Rs 1,750 crore).

Amway Looking to Set Up Manufacturing Facility in West, South

Amway India Enterprises on Wednesday said it plans to set up a manufacturing facility with investment of Rs 400 crore to cater to the market in western and southern parts of the country.

Reliance Capital, Nippon in Deal to Explore Tie-Ups Across Businesses

Expanding its partnership with Nippon Life, Reliance Capital today signed a deal for exploring stake sale in its mutual fund and other businesses to the Japanese major, to which it has already sold 26 per cent equity in the life insurance venture.

India, China Set to Hold First Strategic Economic Dialogue

Planning Commission Deputy Chairman Montek Singh Ahluwalia will head a high-level team to Beijing later this month for the first India-China Strategic Economic Dialogue, agreed on in December to double bilateral trade to $100 bn by 2015.