Indian oil explorer Jubilant Energy on Monday said it will raise $85 million through institutional placement and plans to get listed on the London Stock Exchange (LSE) on November 24. The company woul

Zensar Technologies Ltd’s US subsidiary Zensar Technologies Inc will acquire PSI Holdings Group Inc (Akibia) in an all-cash deal worth $66 million, and complete the buyout by December, vice-chairman,

State-owned Union Bank of India (UBI) made its maiden foray into the micro-credit arena on Monday with the launch of a new scheme covering 20 mandals in Andhra Pradesh, a state where microfinance acti

Essar Projects, a part of Ruias-owned Essar Group, on Monday said it has bagged the `1,400-crore IOC contract for the state-owned company’s under-construction Paradip refinery in Orissa. “Essar Proje

Muthoot Finance, a leading player in the loan-against-gold segment, plans to hit the market in January 2011 to raise `2,000 crore. The company will take the IPO route to sell 14 per cent stake of the

India-focused mining group Vedanta plans to list its Zambian copper business on the London stock exchange to unlock value, raising $1.1 billion to expand output at the unit, it said on Tuesday. The gl

Maharashtra and the National Capital Region (NCR) accounted for over half the foreign direct investment inflows into the country during April-August this fiscal, according to industry ministry’s lates

Sterlite Technologies Limited and Jiangsu Tongguang Communication Co., Ltd, have agreed to form a JV — Jiangsu Sterlite & Tongguang Optical Fibers Co., Ltd. in Haimen, Jiangsu Province, China to manuf

State-owned Indian Oil Corp has hired six banks, including Merrill Lynch, Citigroup and ICICI Securities, to handle its FPO planned for early next year. The six book running lead managers were hired f

FMCG major Dabur India is betting big on its international business and plans to expand its manufacturing capacity to cater to the growing markets besides readying a slew of products for launch in new