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 Exclusive: Mysore Minerals may merge with Mysore Lamp Works

Maulik Vyas & Bruhadeeswaran R

Mysore Minerals Ltd (MML), a government of Karnataka undertaking, has hired a financial advisor to run the process of merging the firm with Mysore Lamp Works Ltd (MLW), a listed government firm, both of which have their registered offices in Bangalore, three persons close to the development told

 Exclusive: India Equity Partners logs out of another loss-making bet

Joseph Rai

Private equity firm India Equity Partners, which has not made any investment in a new company since 2012 as it seeks to find buyers for its stake in a bunch of portfolio firms, has logged another gloomy exit.

Tata Steel starts talks with Liberty House to sell UK speciality steel biz

TEAM VCC

Tata Steel Ltd said on Monday it has agreed to negotiate the potential sale of its UK speciality steel business to Liberty House Group for £100 million ($124 million or Rs 853 crore) including debt.

Tata Steel removes Cyrus Mistry as chairman, names OP Bhatt interim chief

TEAM VCC

Tata Steel Ltd said on Friday its board has removed Cyrus Mistry from the chairman’s post with immediate effect and named independent director OP Bhatt as the interim chief.

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