Deals India - Wsj.com

Thursday, April 14, 2011 As of 11:28 PM EDT
- |
The Wall Street Journal Deals India
- Welcome, Logout
Asia Edition Home
↓ More
WSJ.com is available in the following editions and languages:

U.S.

Asia

India

China

Japan

Europe

Americas

en Español

em Português

Login/Register to set your edition
Log In

Log In

Login

Password

Log in
Your login is either a username or an email address.
Keep me logged in. Forgot your login or password?

Share articles and comments with your friends
Login with Facebook
What's This?

You can connect your Facebook profile with WSJ.com to share articles, comments, and other activity with your friends.

World » More

World » More

Loading…
Asia » More

Asia » More

Loading…
Hong Kong » More

Hong Kong » More

Loading…
China » More

China » More

Loading…
India » More

India » More

Loading…
Japan » More

Japan » More

Loading…
Business » More

Business » More

Loading…
Markets » More

Markets » More

Loading…
Tech » More

Tech » More

Loading…
Life & Style » More

Life & Style » More

Loading…
Real Estate » More

Real Estate » More

Loading…
Personal Finance » More

Personal Finance » More

Loading…
Opinion » More

Opinion » More

Loading…

Powered by Mint, Dow Jones Newswires and The Wall Street Journal

Aston Martin Arrives in India
Aston Martin joins Ferrari, Maserati and Volkswagen's Bugatti and Lamborghini units in India with the U.K.-based company launching three models for the country's sports car enthusiasts.

Goldman India Gets Nod for Primary Dealer Business
Reserve Bank of India has allowed the local unit of Goldman Sachs to commence primary dealer operations in the country.
- Goldman Sachs to Bolster India Business
Siemens Increases Stake in India Unit to 75%
German engineering giant Siemens AG has increased its stake in its publicly listed Indian company Siemens Ltd to 75% from 55.3%.
Unimark Sells Minority Stake
Middle Eastern drug company Hikma Pharmaceuticals has agreed to buy a minority stake in Unimark Remedies, an Indian pharmaceutical ingredients company, for $33.3 million, in a deal that will see the two firms collaborate on research and development.
India Growth Threatened by Credit Drought
India's central bank has been one of the world's most aggressive in tightening interest rates in the past year to stanch high inflation. That has driven up the cost of credit for companies.
Piramal, Sunteck Close to Buying Mafatlal Land
Real estate developer Piramal Realty and Sunteck Realty are close to signing a deal to buy Mafatlal Industries' seven-acre plot in central Mumbai for 7.5 billion rupees.
Morning News Roundup
News roundup from Indian newspapers, news wires and Web sites on Friday, April 15, 2011. Deals India has not verified these stories and does not vouch for their accuracy.
Foreign M&A; and Private Equity Deals on the Rise
Mergers and acquisitions in India rose sharply, especially by foreign companies, in the most recently concluded quarter. Foreign entities invested $13.7 billion on Indian targets in the quarter ended March 31, an increase of 12 times over the total value of deals completed in March 31, 2010, according to advisory firm Grant Thornton.
India's Online Retailers Seek Investors
E-commerce start-ups, buoyed by exuberant growth in recent months, are eyeing big-ticket investments to expand and diversify. Companies looking for their next round of funding and first-timers are looking to raise 1 billion rupees ($22.5 million) or more each.
Ennore Port to Sell Tax-Free Bonds to Fund Projects
India's shipping ministry has asked Ennore Port, the country's only corporate port among the 13 controlled by the federal government, to issue 50 billion rupees worth of tax-free bonds to help raise funds for port projects.
Tata Says India Holds Company Back
The chairman of India's best-known company says bureaucracy is slowing growth at home.
- Few India Graduates Are Fit to Hire
- Doubts Gather Over Rising Giant's Course
- IRT: On Radia Tapes, Tata's Frustrations Show
ONGC Deal to Buy Stake in Exploration Block
More Headlines
Continental in Talks to Buy Modi Rubber Stake
JDS Apparels to Raise 500 Million Rupees
Morning News Roundup
GMR Sells Stake in Intergen
Warburg Pincus Invests $100 Million in Indian Co.
Vedanta's Open Offer: An Uncertain Affair
SingTel Raises Stake in Bharti Airtel
Sun Pharma, Merck Form Joint Venture
Tata Chem Buys Stake in Gabon Urea Plant
IndusInd to Buy Deutsche's Indian Card Business
IDBI Bank Plans to Sell Bonds in Swiss Francs
India's New Telecom Policy May Ease Merger Rules
Punj Lloyd's Unit to Buy Coal Mine in Indonesia
Week Ahead: Henkel India Buyer May be Picked
Huntsman Plans to Expand in India
Morning News Roundup
India's Muthoot Finance Plans IPO Next Week
Steel Strips in Talks to Sell 2%-3% Stake
Nomura, Merrill Lynch Buy Stake in NDTV
Air India Meets Lenders to Restructure Debt
Tata Power to Raise $500 Million in Bonds
Essar to Honor Pact With Vodafone
Tata Steel Will Stay on in Riversdale
RBI Extends Special Cash Easing Steps
Subscriber Content Read Preview

Rio Tinto Assumes Control of Riversdale
Mundra's Bid for Australian Coal Terminal Delayed
HSBC Pushed on Secret Accounts
Morning News Roundup
Cairn, Vedanta Extend Deal Deadline
IFCI Raises Stake in Koutons Retail
Companies Issue Shorter-Dated Bonds as Crunch Eases
Trimax Plans to Launch IPO
Subscriber Content Read Preview

Rio Adds 3 to Riversdale Board
HDFC to Sell Up to 7.75 Billion Rupees in Bonds
Genpact Buys Headstrong to Gain I-T Services

Perspectives

Chase Cash, Not Valuations
As the Sensex flirts with 20,000, again, many Indian companies are fooled into thinking it's the return of the boom phase. They are chasing valuations, when taking money off the table is the smarter thing to do.
Goodbye, Happy Banking in India
The days of plenty for Indian banks are nearing an end: They now have to gear up to defend margins in the face of high interest rates, choosy borrowers and a rising risk of bad loans.
Deal Tracker
India's League Tables
A quick look at who's taken the early lead in the league tables, and the volume of mergers and acquisitions in India from data provider Dealogic, as of April 14, 2011.
The Waiting Game
Here's a list of companies waiting to launch their initial share sale.
Expert Insight
Indian Investors Switch to Silver From Gold
Higher returns are tempting many small Indian investors to buy silver and sell some of their gold jewelry as the price of the white metal has more than doubled over the past year.
- Self Diligence is the New Word on The Street
On the Block
Jyothy Readies Line of Credit to Fund Henkel Buy
Jyothy Laboratories, the maker of fabric whitener Ujala, is getting a war chest ready to support its bid for Henkel India. The company has obtained a line of credit for more than 6 billion rupees from ICICI Bank, according to two people with direct knowledge of the development.
- Read More on This Deal
Interview
Interview: Pursuit of Indian Bank Accounts Affects Tax-Friendly Profile
The U.S. Department of Justice's pursuit of American citizens with bank accounts with HSBC Holdings India is an unwelcome development that could lead to a slowdown of capital flows into the country, says William McGovern, a former branch chief with the U.S. Securities and Exchange Commission and now a resident partner with law firm Kobre & Kim's Hong Kong practice.
- HSBC Pushed on Secret Accounts
Sector Watch: Retail
LVMH Fund to Target Indian Lifestyle Arena
The world's largest luxury goods conglomerate, LVMH Group, will launch its private equity fund in India, in an attempt to tap the burgeoning disposable income and rising aspirations of the country's urban population, especially women.

Editors? Picks

US Deals

US Business

About Deals India
Deals India, published jointly by Mint, Dow Jones Newswires and The Wall Street Journal, is a one-stop beta destination for investment professionals following deal flow, deals news and venture-capital activity in India. Reach our Editors at dealsindia@wsj.com

Highlights

Interview: SBI Macquarie May Use Up Corpus in 2011
Varun Bajpai, chief executive of SBI Macquarie Infrastructure Management, says his company expects to spend the rest of its corpus this year. The fund has deployed more than $650 million, on four transactions, of its corpus of $1.2 billion. I
A Passage From India
Few people from the Tangra district of Calcutta, India, make it big, especially the ethnic Hakka Chinese. UBS banker Dan Chu did.
- A Family Funds Risk, Waits Patiently for Returns
- Profile: Kondur Has a New Mandate
Savings Rate is Up, But Needs Bolstering
While India's national savings rate of 35% is healthy, changing dynamics at the individual and corporate levels are likely to pull down this rate over the next decade.
India's Rich Are the Most Eager for Yachts and Jets
With all the attention paid to outrageous purchases of the new Chinese rich--$1.5 million mastiffs, $2o,000 bottles of DRC--it is no wonder that conspicuous consumers in India might feel left behind. But a new survey shows that India's rich plan to catch up quickly.