stake

After European and US truck makers, it is now the turn of Korean automotive giant Hyundai Motor to kick start its commercial vehicle business in India. The company is said to have initiated talks with Eicher group with an intention to acquire a stake in Eicher Motors. Hyundai is the third...

MUMBAI: The government on Friday picked up Reserve Bank's entire 59.7 per cent stake in the country's largest lender State Bank of India. "The entire shareholding of Reserve Bank aggregating 31.43 crore shares with face value of Rs 10 each in SBI was transferred to the Central Government...

New Delhi: After the Jet and Sahara deal there's another big merger in the offing in the aviation space. Vijay Mallya owned Kingfisher airline has bought 26 per cent stake in India's first and largest low cost airline, Air Deccan. The stake will be bought through UB holdings. The...

HANOI, MAY 29: Tata Steel Ltd., the world's sixth largest, said on Tuesday it would take a stake of up to 65 per cent in a steel plant venture with Vietnam and a 30 per cent stake in a nearby iron ore mine. The steel plant and the iron ore mining firm are parts of a steel complex that Tata and...

The government on Thursday exited the country's largest car maker Maruti Udyog Ltd, selling its residual stake for Rs 2,360 crore (Rs 23.6 billion) to a clutch of financial institutions led by Life Insurance Corporation. "We have sold the entire shares held by the government in Maruti at an...

Azim Premji's holding of 80 per cent in Wipro is turning out to be a good strategy after all. For the second year running, he will be taking home close to Rs 580 crore from dividend payments. On Friday, Wipro announced a 100 per cent interim dividend (Rs 5 per equity share of face value Rs 5)...

Azim Premji's holding of 80 per cent in Wipro is turning out to be a good strategy after all. For the second year running, he will be taking home close to Rs 580 crore from dividend payments. On Friday, Wipro announced a 100 per cent interim dividend (Rs 5 per equity share of face value Rs 5)...

NEW DELHI: Mukesh Ambani, it seems, is in the race to acquire an equity stake in the world’s second-largest retailer - Carrefour. The French retail major, in which the Halley family owns about a 13% stake, could be looking for a buyer. According to sources, Reliance Industries Ltd (RIL) may...

Mumbai: The New York Stock Exchange, the world’s largest, on Wednesday announced it has bought a five per cent stake in the National Stock Exchange for $115 million. The New York Stock Exchange (NYSE) Group Inc., Goldman Sachs Group, General Atlantic and Softbank Asian Infrastructure Fund...

NEW DELHI: Real estate major DLF, which is reviving plans to raise about Rs 10,500 crore from an IPO, has acquired a 19 per cent stake in infrastructure development advisory firm Feedback Ventures for about Rs 16.15 crore. "We have bought a 19 per cent stake in Feedback Ventures for Rs 16.15...

London: Mittal Steel on Wednesday announced it has gained 92 control of Arcelor as it moves closer to completing its US$ 31.7 billion takeover of the European rival. Mittal, which on July 18 announced acquiring 50% share in Arcelor fulfiling the minimum requirement for takeover of the rival...