The Hindu Business Line : Wednesday, July 26, 2006

MERGERS & ACQUISITIONS
Gitanjali acquires Desire Lifestyle
Gitanjali Gems Ltd, one of the oldest diamond houses in India, has acquired jewellery retailer Desire Lifestyle Pvt Ltd in line with its policy of strategic acquisitions and further expansion in retail operations. The company has acquired 100 per ... More

Walt Disney to acquire Hungama TV for $30.5 m
To pick up 14.9% stake in UTV Software as part of the deal More

E*Trade Fin takes controlling stake in IL&FS Investsmart
E*Trade Financial Corporation, a leading US-based retail stock broking outfit, is taking controlling stake in Indian securities and commodities broking firm, IL&FS Investsmart Ltd. At present, E*Trade Financial Corporation and Softbank Asia ... More

Court approves Lanco Global merger
Lanco Global Systems Ltd has informed BSE that the Andhra Pradesh High Court has approved the scheme of amalgamation of Lanco Global Systems Inc., based in the US, with the company. It may be recalled that the board of directors ... More

Jindals to consolidate stake in JSW Steel
Q1 net profit down at Rs 170.3 cr, sales rise 2 pc More

NEW PROJECTS
Wanbury on expansion mode
Eyes doubling topline size to Rs 220 cr by this fiscal-end More

Tripura-based co plans to invest Rs 854 cr in AP
To set up an integrated steel plant in Khammam district More

RSB to invest Rs 100 cr in expansion, tech upgradation
Engineering and automotive components manufacturer RSB has drawn up plans to invest an estimated Rs 100 crore in expanding its operations and upgrading technology over the next one year to tap the growing global market for auto components and ... More

ALLIANCES & JOINT VENTURES
ONGC in talks with Shell for coal gasification projects
More

Tata Motors, Fiat sign pact for joint venture
Tata Motors and Fiat Group have announced the signing of a memorandum of understanding to establish an industrial joint venture in the country to manufacture passenger vehicles, engines and transmissions for domestic and overseas markets. Both ... More

RIGHTS ISSUE
Chemplast to raise Rs 200 cr through rights issue
Chemplast Sanmar Ltd will raise up to Rs 200 crore through issue of rights shares. According to Mr P.S. Jayaraman, Managing Director, Chemplast, the funds would be utilised for the 170,000-tonne PVC project coming up at Cuddalore, Tamil Nadu. ... More

OUTLOOK
Non-aeronautical projects: GMR Infra confident of gains
GMR Infrastructure is confident that thenon-aeronautical activities in and around the various airports,whichit is developing, will generate a sizeable stream of revenues. The non-aeronautical activities would include advertising fee, lease ... More

PERFORMANCE
UB Holdings turns profitable
UB Holdings, the parent company of Kingfisher Airlines, has turned profitable during the first quarter of 2006-07 with total income recording over 900 per cent growth to Rs 50.23 crore. A press statement from the company said ... More