India Insight

Environmentalists cheer news of scrapping of power project

May 18, 2010

INDIA-VEDANTAEnvironmentalists are hailing news that India’s ministry of environment and forests has scrapped a proposed power plant by Larsen & Toubro in eastern India close to a nesting ground for endangered Olive Ridley turtles.

from DealZone:

Reliance aims big with $12 bln bid for LyondellBasell

November 23, 2009

Ranked by Forbes as India's richest man with a net worth of $32 billion, Mukesh Ambani Mukesh Ambani, chairman of Reliance Industries, is no stranger to taking risks.

from DealZone:

No bruised egos as Bharti-MTN redial once again

May 25, 2009

Exactly one year ago, squabbles over control forced Bharti Airtel and MTN to ditch their hope of forming a global telecoms group, but both emerging markets-focused companies are back on the negotiating table to thrash out a $61 billion merger.

Dark horse Tech Mahindra wins race to acquire Satyam

April 13, 2009

Tech Mahindra, part of Indian business group Mahindra & Mahindra, won the race to acquire Satyam Computer Services on Monday, in a deal that’ll help the mid-sized outsourcer gain in size and also lift clarity on Satyam’s fate.

Fraud-hit Satyam pins hopes on shaky white knights

April 10, 2009

Three months after its founder Ramalinga Raju shocked markets by disclosing India’s biggest corporate scandal, Satyam Computer Services is desperately pinning its survival hopes on its auction set for April 13.