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ICVL to acquire Rio Tinto's coal assets in Mozambique for $50M

Anuradha Verma

Rio Tinto had bought the assets in 2011 for a whopping $3.9 billion.

Distressed asset investor WL Ross eyes more investment in textile sector in India

Anuradha Verma

WL Ross forayed into India in 2006 by acquiring textile firm OCM India Ltd, known for its tweed and jacket suitings, for $37 million in cash from the SK Birla Group.

L&T Q1 net profit up over two times on disinvestment gain

PTI

The engineering and construction major had reported Rs 458.59 crore net profit in the first quarter of the last fiscal.

Exhilway in talks to invest in Chennai-based Jain Granites 

Jasleen Kaur Batra

Early this month Exhilway invested in Livewell Healthcare.


ICVL to acquire Rio Tinto's coal assets in Mozambique for $50M

Rio Tinto had bought the assets in 2011 for a whopping $3.9 billion.

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