It began with smiles and handshakes but soon there’s going to be a concrete deal between the Ruias of Essar and Vodafone.
NDTV has learnt that the Ruia’s negotiations with Vodafone are coming to an end and the deal could be announced soon.
A deal that will eventually see Essar getting out of the telecom business at [...]

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In line with market expectations, the Board of Mukesh Ambani controlled Reliance Industries Limited (RIL) cleared the merger of IPCL with itself at a share swap ratio of 1:5.
The appointed date of merger with RIL was April one, 2006 (rpt) 2006, the company stated.
The Reliance Industries Board also approved an interim dividend of Rs 11 [...]

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CHENNAI: Italy’s largest coffee company, the $1.2-billion Lavazza, has reportedly picked up 100% stake in two coffee businesses of Chennai-based Sterling Infotech Group. Lavazza is said to have signed a deal for taking over coffee chain Barista Coffee Company as well as coffee vending business Fresh & Honest of the latter, for an [...]

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Italian coffee chain Lavazza is close to acquiring Barista. An announcement to this effect is expected shortly.
Sources close to the development said Lavazza would acquire the majority stake in Barista from ace investor C Sivasankaran. Siva, as he is popularly known, had bought 65 per cent in Barista from the Amit Judge-controlled Turner Morrison 3 [...]

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Encouraged by its impressive growth in the Indian insurance market, leading German insurer and financial services provider Allianz is now looking to enter the pension, banking and asset management business in the country.
“In the mid and long term we are looking at the pension market, asset management and banking,” Allianz [...]

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Kumarmangalam Birla’s big idea finally made it to Dalal Street and as soon as the telecom player listed, it proved what huge appetite investors have for a quality telecom stock.
Idea opened at a premium of Rs 15 over its issue price, hit a day high of Rs 94 to finally close at about Rs 85.
“The [...]

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