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Commodities

ArcelorMittal to sell $1.1B stake in Canadian unit

Manufacturing

02 January, 2013

ArcelorMittal to sell $1.1B stake in Canadian unit

ArcelorMittal, the world's biggest steelmaker, will sell a 15 per cent stake in one of its Canadian iron ore operations, ......

Clariant AG sells part of specialty chemical biz to SK Capital for $550M

Manufacturing

27 December, 2012

Clariant AG sells part of specialty chemical biz to SK Capital for $550M

Swiss specialty chemical giant Clariant AG has struck a deal to sell its international textile chemicals, paper specialities and emulsions ......

Sesa Goa acquires remaining 49% stake in iron ore firm Western Cluster for $33.5M

Manufacturing

21 December, 2012

Sesa Goa acquires remaining 49% stake in iron ore firm Western Cluster for $33.5M

Vedanta Resources Plc. subsidiary Sesa Goa Ltd has acquired the remaining 49 per cent stake in Liberia-based iron ore firm ......

Gujarat-based Sumeet Industries raising $1.8M from IFCI Venture Capital

Manufacturing

20 December, 2012

Gujarat-based Sumeet Industries raising $1.8M from IFCI Venture Capital

Sumeet Industries Ltd is raising around Rs 10 crore ($1.8 million) from IFCI Venture Capital Funds Ltd. The investment is ......

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IFC sells 10.88% stake in Kanoria Chemicals, exits with modest dollar gains

Manufacturing

14 December, 2012

IFC sells 10.88% stake in Kanoria Chemicals, exits with modest dollar gains

International Finance Corporation (IFC), the private sector investment arm of the World Bank Group, has exited its five-year-old investment in ......

Reliance sells entire stake in Yemen block to Indonesia's Medco for $90M

Manufacturing

14 December, 2012

Reliance sells entire stake in Yemen block to Indonesia's Medco for $90M

Reliance Exploration and Production DMCC, a fully owned subsidiary of Reliance Industries Ltd has sold its entire 25 per cent ......

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International Paper in talks to buy West Coast promoters' stake for $220M

Manufacturing

03 December, 2012

International Paper in talks to buy West Coast promoters' stake for $220M

The world’s largest paper company International Paper is in negotiations with SK Bangur group to buy out promoters’ majority stake ......

KKR-backed Dalmia Cement buys 26% more of Calcom for $14M

Manufacturing

03 December, 2012

KKR-backed Dalmia Cement buys 26% more of Calcom for $14M

Dalmia Cement (Bharat), a subsidiary of Dalmia Bharat Enterprises Ltd (DBEL), is raising its holding in Kolkata-based for Rs 77.19 ......

India throws $15B lifeline to world's iron ore miners

Manufacturing

29 November, 2012

India throws $15B lifeline to world's iron ore miners

India's efforts to clamp down on illegal mining have handed a $15 billion lifeline to global iron ore giants, and ......

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Apollo Tyres drops QIP plan, scouts for PE funding

Manufacturing

22 November, 2012

Apollo Tyres drops QIP plan, scouts for PE funding

Apollo Tyres has dropped its plan to raise $150 million through a qualified institutional placement (QIP) and it is now ......

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