Tata Communications has secured bank financing to bid for London-listed Cable & Wireless Worldwide (CWW). The Indian telecom major had weighed into the bid alongside Vodafone and the bidding deadline for the British firm which sells telecom and Internet services to major UK businesses expires on April 19.
Indian automotive major, Mahindra & Mahindra, has announced two major joint ventures in the defence sector that will target revenues of around $1 billion over the next 10-year period.
The JV with Israel's Rafael Advanced Defense Systems will develop and manufacture naval systems at a factory in Pune, western India.
India Inc marks the launch of Power People 2012: UK India Rainmakers with some top tips for success from Virgin Group chief Richard Branson.
Power People, nominations for which are now open, will celebrate the top Rainmakers that facilitate UK-India trade and attract investments into the UK.
Soon after being crowned Asia’s richest man, Reliance Industries Limited (RIL) chief Mukesh Ambani emerged as the world’s 19th richest man in the latest Forbes list of billionaires net worth of around $22.3 billion.
Reliance Industries Limited (RIL) has been on a joint venture (JV) striking spree across different sectors of its business.
The Mukesh Ambani led conglomerate finalised a 50-50 JV between subsidiary Reliance Brands and US-based lifestyle firm Iconix Brand Group this week.
The global telecom services arm of Reliance Communications, Reliance Globalcom, has announced the launch of end-to-end managed video conferencing services for companies across the globe. The aim is to make the process simple and accessible across networks and facilitate greener business deals.
Naina Lal Kidwai, Country Head of HSBC India and Director of HSBC Asia Pacific, analyses the resilience of the Indian banking sector in the face of international turmoil for a special report for the City of London’s Mumbai office. India Financial Services Sector Outlook 2012: Perspectives from Experts brings together various sector analysts to chart out future growth prospects of the economy.
Reliance Industries Limited (RIL) has signed a deal with France's Dassault Aviation for partnership in the defence and homeland security sector.
The memorandum of understanding (MoU) comes days after Dassault's Rafale warplanes emerged as the preferred bidder in a $15-billion contest to supply India with 126 fighter jets. There are no further details available on the tie-up at this stage.
Anil Ambani led Reliance Communications has clinched a refinancing deal with Chinese state banks. The $1.18 billion will go towards repaying foreign currency convertible bonds (FCCBs) due for redemption on March 1.
Industrial and Commercial Bank of China, China Development Bank Corp, Export Import Bank of China, among others provided the cash injection.
Indian automotive giant Mahindra & Mahindra (M&M) has stamped the country’s growing global might in the field of tractors.
The country’s largest utility vehicle maker has now overtaken John Deere, the Chicago-based market leader in the field, in terms of the number of tractors sold over the past two years.
Group managing director, Anand Mahindra, attributed this latest milestone to India’s growing rural economy and a concentrated push into emerging markets such as China.
