Invest in India News

  • Coal India lines up fresh investments for coal washeries

    According to the Business Standard, Coal India is planning fresh investments, as it looks to establish new coal washeries. The state owned firm had earlier scheduled approx. Rs 2,500 crore investments for setting up washeries. The new, planned washeries investment is an estimated Rs. 3,500 crore.

  • Dabur India in talks to acquire Ajanta Pharma’s energizing capsule, ’30-Plus’

    In a statement to the Bombay Stock Exchange, Dabur India said it is talks to acquire Ajanta Pharma’s energizing capsule brand, ’30-Plus.’ The fast moving consumer goods maker reiterated nothing has been finalized yet regarding the talks.

    However, when reached for comment, Ajanta Pharma, in a statement to the Bombay Stock Exchange, said it does not comment on market speculation. Ajanta Pharma manufactures products in the areas of anti-malaria, cardiology, dermatology, gastroenterology, musculoskeletal and ophthalmology.

  • France’s ALTEN Group forays into India with acquisition of Calsoft Labs

    France based ALTEN Group has forayed into India with the acquisition of Chennai & Bangalore based Calsoft Labs. ALTEN Group is a leading European Engineering Consulting Group headquartered in Paris.

    Ramandeep Singh, CEO, Calsoft Labs said the acquisition has made Calsoft Labs a part of the €916 million ALTEN Group which would provide new growth opportunities for the business and the cross border training and development opportunities for the employees of Calsoft Labs.

  • Australia’s Astra Mining Ltd currently assessing the acquisition of gold mines in Southern India

    Astra Mining Ltd is assessing the acquisition of 1 or more of 12 gold mines in Karnataka State, Southern India. Astra believes the immense geological potential and the advanced infrastructural set up means there is huge potential for mining development in the area.

    India is the largest buyer of gold, but smallest producer. India is currently the largest buyer of gold, but smallest producer. Gold imports stood at 739 tons during the year 2009-10, with production of gold in India reported as being just 12.82 tons in the year 2006-07.

  • General Motors India Pvt. Ltd to invest $500 million in India by the year 2012

    US auto-manufacturing giant General Motors Co. is to invest $500 million by 2012 in the expansion of its production capacity in India, reported Reuters. The investment will be undertaken by GM’s Indian unit, General Motors India Pvt. Ltd.

    The money will be used to expand production capacity for vehicles and engines, as GM positions itself to cater for growing demand for its Chevrolet brand of cars, as well as introduce a new range of vehicles in 2012.

  • Tata Power Company commissions the largest solar power plant in Maharashtra

    In a bid to build a robust renewable energy portfolio that is 20-25% of its total generation capacity, Tata Power, India’s largest integrated private power utility, commissioned its 3 MW, Photo Voltaic (PV) based, grid connected solar power plant at Mulshi, Maharashtra.

  • Dana Holding Corporation agrees to acquire select assets of its Indian JV Axles India Ltd

    Dana Holding Corporation has signed a definitive agreement with Axles India Ltd (AIL), to acquire select assets of AIL's commercial truck axle business. The Investment is for a consideration of $13 million.

    Under terms of the agreement, Dana will assume full ownership of AIL's axle drive head and final axle-assembly operations. The axle drive head includes the pinion, ring gear, differential lock, bearings, lube pump, and yoke inside the axle housing.

  • Aqua Logistics Ltd to buy 70 per cent stake in Nikkos Logistics Pvt Ltd

    Aqua Logistics Ltd is to buy 70 per cent stake in Bangalore-based Nikkos Logistics Pvt Ltd. Nikkos Logistics offers diversified logistics services including supply chain management service, reported Deal Curry.

    Aqua Logistics provides services such as transportation, warehousing and re-distribution of cargo. The Company is promoted by Rajesh Uchil, MS Sayad, Harish Uchil and Gopalkrishna Uchil. This will be Aqua's fifth acquisition since 2010.

  • Oman Investment Fund may purchase 5% in Mumbai based Universal Commodity Exchange

    According to a report carried by the Economic Times of India, the Oman Investment Fund (OIF) is mulling the purchase of a 5 per cent stake in Mumbai based Universal Commodity Exchange (UCX). The move marks the first investment by a sovereign wealth fund in an Indian commodity bourse and reflects the growing interest of foreign investors in India's nascent commodity futures market, said the ET report.

  • Royal Caribbean International and Kingfisher Airlines form an alliance

    Royal Caribbean International and Kingfisher Airlines have formed an alliance that will offer customers conveniently bundled vacation packages as well as enhanced member benefits for members of King Club, Kingfisher Airlines’ loyalty program.

    Kingfisher Airlines is one of India’s market-leading airlines and is a member-elect of the world’s leading quality airline alliance, oneworld. Royal Caribbean International is one of the largest cruise lines in the world, offering vacations to more than 260 ports around the world.

  • GlaxoSmithKline Biologicals looking to acquire Biological E Limited's vaccine division

    The Economic Times of India Wednesday reported that GlaxoSmithKline Biologicals is keen on acquiring India’s Biological E Limited’s vaccine division. GlaxoSmithKline Biologicals is a Belgium based division of global drug giant Glaxo. The Hyderabad based Biological E Limited’s vaccine division produces and markets a range of pediatric and adult vaccines.

  • Polaris Industries Inc. acquires Indian Motorcycle

    Polaris Industries Inc. Wednesday announced the acquisition of Indian Motorcycle. The business was acquired from Indian Motorcycle Limited (IML), a company advised by Stellican Limited and Novator Partners LLP, U.K. Private Equity firms. Terms of the transaction were however not disclosed.

  • Sesa Goa Limited picks up minority stake in Cairn India Ltd from PETRONAS for $2.1 billion

    Sesa Goa Ltd Tuesday announced that it has acquired 200 million shares amounting to 10.4 per cent stake in Cairn India from PETRONAS International Corporation Ltd. The investment was at a consideration of $2.1 billion, priced at about 331 rupees per share.

  • Aditya Birla Chemicals acquires Chloro Chemicals Division

    The Board of Aditya Birla Chemicals (India) Limited, a company of the Aditya Birla Group, approved the acquisition of the Chloro Chemicals Division (CCD) of Kanoria Chemicals & Industries Limited for a cash consideration of Rs.830 crore. Aditya Birla Chemicals is currently a chlor alkali producer with its plant located at Rehla in the State of Jharkhand.

  • UK based Compass Group acquires India’s Vipul Facilities Management and Ultimate Hospitality Services

    Compass Group announced it has acquired two Indian firms, in the hospitality and business services support sectors respectively. Compass acquired Vipul Facility Management Private Limited (VFM) and Ultimate Hospitality Services Private Limited (UHS).