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Godrej Consumer completes 40% stake acquisition in Chile firm

Last Updated: Friday, September 11, 2015, 16:10

Godrej Consumer Products Ltd (GCPL) on Friday said it has completed the acquisition of 40 per cent stake in Chile's hair colour and cosmetics company Cosmetica Nacional.

Sun Pharma looking to divest Ireland plant

Last Updated: Thursday, September 10, 2015, 08:04

"Decisions are being made to either close or divest some of our manufacturing facilities," a Sun Pharma spokesman said in an emailed statement.

Nalco to invest Rs 30,000 crore in Odisha

Last Updated: Tuesday, September 8, 2015, 17:05

Aluminium major National Aluminium Company Ltd (Nalco) said it will invest Rs 30,000 crore in Odisha, which has unveiled a new industrial policy aimed at attracting investments worth Rs 1,73,000 crore.

Australia's Woodside approaches Oil Search with $8 bn bid

Last Updated: Tuesday, September 8, 2015, 08:30

"It makes sense for Woodside - a company that`s ex-growth that`s looking for the next leg," said Ric Ronge, a portfolio manager at Pengana Capital, which owns stakes in Woodside and Oil Search.

Diageo may not be able to recover $135mn loan from Vijay Mallya firm

Last Updated: Sunday, September 6, 2015, 12:29

The company said the underlying security held by Standard Chartered includes shares in United Breweries Ltd (UBL) and Watson's interest in a venture that owns the Force India Formula One (F1) team.

Adani loses key customer for Carmichael mine in Australia

Last Updated: Thursday, September 3, 2015, 12:21

LG issued a statement yesterday saying, "The LoI concluded by and between LG International Corp and Adani Mining Pty Ltd was non-binding and is invalid as of July 21, 2015 in accordance with the expiration of the LOI".

Petrobras workers plan indefinite strike

Last Updated: Wednesday, September 2, 2015, 08:18

Hit by the scandal, the collapse of international oil prices and the sharp depreciation of the real against the dollar, the government is implementing a plan to divest almost $14 billion by 2016.

SVG Media, Komli Media India merging to form mobile marketing giant

Last Updated: Thursday, August 27, 2015, 17:44

The combined entity will have a combined share of 60 per cent of digital ad-tech spends in India, and a reach of over 150 million Indian Internet users across all screens, it said in a statement.

Schlumberger to buy oilfield gear maker Cameron in $14.8 bn deal

Last Updated: Wednesday, August 26, 2015, 23:04

The deal is the latest example of energy companies joining forces to help them cope with slumping oil prices , down 60 percent since June last year and hitting new lows each day.

Komli Media launches new company

Last Updated: Tuesday, August 25, 2015, 17:05

The new entity, RevX, has secured USD 4 million in funding from Komli's exisiting investors Norwest, DFJ, Nexus, Helion and Peepul Capital, the company said in a statement.

Sony unveils Aerosense's drone prototypes

Last Updated: Tuesday, August 25, 2015, 13:22

Japanese company Sony has released videos of two prototypes of its drones that they are creating, the AS-DTO1-E 'experimental machine' and the AS-MCO1-P prototype.

Govt stake sale in IOC subscribed over 57% by 1 pm

Last Updated: Monday, August 24, 2015, 14:10

A total of 13.95 crore shares were bid for out of 24.28 crore share on offer at a minimum price of Rs 387, as per the data available from stock exchanges at 1300 hours.