Invest in India News

  • Godrej Consumer Products Ltd to buy domestic firms in India

    Godrej Consumer Products Ltd is mulling domestic Indian acquisitions to bolster its growth. The firm, already having undertaken four overseas acquisitions this year alone, is interested in acquiring a number of domestic firms. Adi Godrej, chairman Godrej Consumers Products Ltd said the firm is keen on bolstering its Indian position and offering and will be acquiring a number of Indian firms.

  • Software R&D company GlobalLogic focusing on acquisitions, India a potential target

    GlobalLogic is mulling an acquisition spree around the world and India has been targeted as a potential destination. The software developer said it will be undertaking investments in the BRIC nations, on top of Europe and Argentina. GlobalLogic is a renowned research and development provider and it is hopeful of sealing at least a deal in India before the end of October. The firm said it is targeting a minimum of one firm in India and will be making an announcement soon.

  • India lifts cap on foreign investment in bonds for first time in over a year

    India has lifted the cap on foreign investments in government bonds as the government seeks financing for its infrastructure projects. The lifting comes as the first in more than a year as the country’s Prime Minister seeks capital for the construction of roads and power plants. Currently, India is positioned below countries such as war ravaged Ivory Coast and Sri Lanka in terms of infrastructure quality.

  • Japanese firm Mitsui & Co Limited buys stake in Arch Pharmalabs Limited

    Mitsui & Co Ltd has acquired a 5 per cent stake in Arch Pharmalabs Ltd for about Rs 65 crore. The Japanese firm has bought the stake in the Indian active pharmaceutical ingredient manufacturer, a deal which values the Indian firm at Rs 1,300 crore. The Japanese firm’s investment will be in fresh equity issued by Arch Pharmalabs Ltd.

  • Bain Capital, Warburg Pincus, Chrys Capital and KKR invest in Quality Engineering & Software Technologies Ltd

    Bain Capital, Warburg Pincus, Chrys Capital and KKR are mulling an investment in Quality Engineering & Software Technologies Ltd (QuEST). The four firms will be investing about $60 million, to be done by October this year, in the firm. Headquartered in Bangalore, Quality Engineering & Software Technologies Ltd designs software for firms such as GE, Rolls Royce and Airbus.

  • India Oil Corporation for additional exploration projects, looking for quality assets overseas

    Indian Oil Corporation has a war chest of $1 billion for acquisition investments, reported the firm Wednesday. According to the firm, it will be targeting viable and feasible firms’ producing or developing and production assets overseas. The firm is keen on bolstering its business via investments in Exploration and Production assets. The state run Indian firm said it is looking for quality assets overseas, and had spared some $1 billion towards that venture.

  • India based Sujana Universal Industries Ltd acquires EBC Bearings India

    Sujana Universal Industries Ltd will acquire EBC Bearings India Ltd, the ball bearing manufacturer. EBC Bearings India Ltd is the subsidiary of European Bearing Corp, which has major Russian operations. The firm constructed a plant in the state of Hyderabad, India, for the making of medium and large sized bearings, but manufacturing is yet to commence at the new plant.

  • NYSE listed Information Technology (IT) giant Cognizant in talks for Genpact takeover

    Cognizant is in talks for the acquisition of business process outsourcing firm, Genpact. Cognizant, the information technology giant said it is in advanced discussions with Genpact and will be making an announcement soon regarding its offer for Genpact. Genpact is a major business process outsourcing firm. The two firms, even thought listed in the New York Stock Exchange, have major delivery centers in India.

  • US based leading firm in fire safety and electronic security systems, UTC Fire & Security (UTCFS) for acquisitions in India

    US based leading firm in fire safety and electronic security systems, UTC Fire & Security is set for Indian acquisitions in a move to expand its foothold in India. Aimed at expanding its presence and business offering in the country, the American firm will be making some acquisitions in India, it said. UTCFS is a unit of the US based United Technologies Corporation that manufactures diversified products such as Carrier heating and air conditioning, Hamilton Sunstrand aerospace systems and industrial products.

  • Europe’s biggest home improvement retailer Kingfisher Plc to open first outlets in India and Brazil

    Kingfisher Plc is mulling commencing operations in India with the opening of its first outlets in the country. The move will be followed by a similar venture in Brazil, Latin America’s biggest and fastest growing economy. Kingfisher Plc is Europe’s biggest home-improvement retailer and its overseas venture in India and Brazil may be followed with additional acquisitions in its current markets, in an effort to bolster its position.

  • Indian roads and highways Minister scouting for infrastructure investments from China

    Indian roads and highways minister, Kamal Nath, urged Chinese firms to undertake increased infrastructure investments in India, saying India was ready for such projects. Nath told Chinese firms that the country is currently prepared for highway projects in all its regions, inclusive of tense border areas. Mr. Kamal Nath was speaking Wednesday in China, where he is currently on official tour of duty. The Minister said India was even prepared to help such Chinese investors tackle issues such as legal limits on equity investments in Indian road firms.

  • Japanese IT firm NTT Data Corp still scouring for opportunities to ramp up its presence in India

    Japanese information technology firm, NTT Data Corp, said it is mulling more acquisitions as it seeks to expand its foothold in India. Just recently, the Japanese firm acquired another Indian firm for an estimated $200 million. According to NTT Data, it will be on the lookout for additional acquisitions to reinforce its Indian offering and placing.

  • US based CDC Software Inc in talks for acquisition of promoters’ 45.41% stake in Bangalore based Sonata Software Limited

    American firm, CDC Software Inc. is in talks for the potential acquisition of a stake in Bangalore based information technology firm, Sonata Software Ltd. The US based firm is mulling the acquisition of promoters’ 45.41% stake in Sonata Software Ltd, one of Bangalore’s foremost information technology services and solutions providers.

  • Delhi based real estate firm Emaar MGF Land Limited raises private equity funding of Rs.250 crore from Kotak Realty Fund for its residential projects

    Kotak Realty Fund, part of the larger Kotak Mahindra Bank reported that it had invested $53.6 million, about Rs 250 crore, in twin realty projects operated by Emaar MGF Land Ltd. Kotak Realty Fund is a unit of the Indian financial services major, Kotak Mahindra Bank and in a press statement, the firm was quoted saying it had invested in Emmar MGF’s residential projects in Gurgaon, said V Hari Krishna, Kotak Realty Fund director, an interview with Reuters.

  • Indian software solutions provider Kale Consultants will sell 35.61% stake in the company to France based BPO firm Accelya Holding World

    Indian software solutions firm, Kale Consultants Friday reported that its backers are planning to sell about 35.61% of its stake to Accelya Holding World. The French business process outsourcing firm, Accelya Holding World, went into an agreement with Kale Consultants promoters, Narendra Kale and Vipul Jain, in a deal that will see the French firm acquire the promoters’ entire shareholding at a price of 172 Indian rupees for every share, said Kale.