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New Silk Route acquires majority stake in Mumbai-based café chain Moshe's

Consumer

09 October, 2013

New Silk Route acquires majority stake in Mumbai-based café chain Moshe's

Private equity firm New Silk Route (NSR) has acquired a majority stake in Moshe’s, a Mumbai-based café and restaurant chain ......

Leela and Kempinski part ways, ending 25-year-old alliance

Consumer

08 October, 2013

Leela and Kempinski part ways, ending 25-year-old alliance

Hotel Leelaventure Ltd, which owns and operates hotels under the brand Leela, and Kempinski Hotels have decided to part ways, ......

News Roundup: Vodafone seeks nod to up stake in Indian arm for $2.7B

Others

08 October, 2013

News Roundup: Vodafone seeks nod to up stake in Indian arm for $2.7B

British telecom giant Vodafone is learnt to have applied to government for raising its stake in its Indian arm to ......

Godrej Consumer to acquire 30% in hair salon chain B:blunt

Consumer

07 October, 2013

Godrej Consumer to acquire 30% in hair salon chain B:blunt

Temasek-backed home grown FMCG firm Godrej Consumer Products Ltd (GCPL) has forayed into the hair salon segment with a deal ......

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Deal of the month: Emerson's acquisition of Pune-based Virgo Valves and Controls

Manufacturing

07 October, 2013

Deal of the month: Emerson's acquisition of Pune-based Virgo Valves and Controls

Deal: American engineering giant Emerson's acquisition of Pune-based Virgo Valves and Controls Ltd, a leading manufacturer of ball valves and ......

RBI will issue seven banking licences, says finance minister

General

07 October, 2013

RBI will issue seven banking licences, says finance minister

Finance Minister P Chidambaram has said the country’s banking regulator is expected to issue seven licences.According to reports, Chidambaram, who ......

Tata Communications in talks to sell majority stake in Neotel to Vodacom

Telecom

07 October, 2013

Tata Communications in talks to sell majority stake in Neotel to Vodacom

Tata Communications said on Monday that it is in talks with Vodacom to sell its majority holding in South African ......

Apollo Tyres seeks to cut $2.5B Cooper deal value

Manufacturing

07 October, 2013

Apollo Tyres seeks to cut $2.5B Cooper deal value

Cooper Tire & Rubber Co has filed a complaint in Delaware Chancery Court, US against Apollo Tyres' arm to close ......

SEBI allows put-call options for M&A deals, investor's tag-along and drag-along rights

General

07 October, 2013

SEBI allows put-call options for M&A deals, investor's tag-along and drag-along rights

Securities market regulator Securities and Exchange Board of India (SEBI) has permitted put and call options in share transactions and ......

News Roundup: PE firms eye 24% stake in Bombay Dyeing

Others

07 October, 2013

News Roundup: PE firms eye 24% stake in Bombay Dyeing

At least three global private equity firms are in talks to acquire up to 24 per cent stake jointly in ......