Following an auction process, Thomas Cook Group Plc has reached an agreement to offload its 77% stake in Thomas Cook India to Fairfax Financial Holdings' subsidiary- Fairbridge Capital (Mauritius). Under.... read full story
Aditya Birla Group has agreed to make a financial investment of 27.5% in Living Media India, part of India Today Group, through its private investment company. According to few media reports, the company.... read full story
Life Insurance Corporation of India (LIC) has purchased about 2.76 crore shares of Bank of Maharashtra. It has acquired 4.68% stake in the bank through market operations. After this purchase LIC's stake.... read full story
Mukesh Ambani-led Reliance Industries has acquired shares in giants including HDFC, ICICI Bank and Axis Bank as part of long-term investments. It is also waiting for regulatory approvals for its foray.... read full story
NIIT, a leading global talent development corporation and Asia's largest IT trainer, is likely to invest Rs 120 crore in financial year 2012-13. These funds will be used for setting up new campuses for.... read full story
ABB, power and automation technology major is likely to spend around Rs 250 crore to build new facilities in India to manufacture high-voltage power products and transformers. The company aims to develop,.... read full story