Acquisation

Favourable demographics and growth opportunities keep India an "attractive" destination for merger and acquisition activities across diverse sectors including consumer goods and pharmaceuticals, according to global consultancy Ernst & Young.

Sherwin buy to be EPS accretive from Q1 2014: Berger

Berger Paints, a leading paint manufacturer acquired the business of Sherwin Williams. Abhijit Roy, MD & CEO of the company said that the acquisition will become EPS accretive from Q1 2014. The company is open to more acquisition going forward.

Liberty Phos deal to derisk firm portfolio: Coromandel Intl

Kapil Mehan, MD, Coromandel International, says that the fertilizer company is going through structural change and realistic prices of fertilizer has led to moderate demand. The company has recently acquired Liberty Phosphates which the company feels is a move to derisk their portfolio. The deal will be funded from internal accruals.

Burman family acquires strategic stake in DMI Finance

The Burman family, promoters of consumer goods company Dabur, today announced acquisition of a strategic stake in DMI Finance. DMI Finance is a Non-Banking Financial Company (NBFC) specialising in senior-secured lending.

Sodexo acquires MacLellan India

French catering and voucher group Sodexo today said it has acquired maintenance and facility management firm MacLellan India with an aim to further consolidate its position in the fast growing facility management solutions pace.

Odisha to resume Posco land acquisition after a year

After halting land acquisition at the proposed plant site areas of Posco steel project near Paradip, Odisha government today announced plans to resume land acquisition tomorrow after a gap of one year.

Land bill highly anti-farmer, anti-industry: NAC

NC Saxena, member, National Advisory Council and Rajeev Talwar, executive director, DLF both discuss about the land acquisition bill and CCI which received cabinet's nod and the implication of the nod on industry, farmers and economy at large.

Fresh changes in Land Acquisition Bill draft

Fresh changes have been made in the draft Land Acquisition Bill under which the level of consent of landowners for acquiring land for private purpose has been made stiffer following a suggestion from UPA chairperson Sonia Gandhi.

Balancing act for India in overhaul of archaic land law

More than a century after it was drawn up by British colonial rulers, India's land acquisition law is finally set for a revamp that promises to breathe life into scores of frozen industrial and infrastructure projects and help lift the sagging economy.

Robust demand, quality manganese positive for MOIL: CMD

KJ Singh, chairman & managing director, MOIL, says that our revenue realisation for this year is Rs 7515 due to decline in manganese price across the world and the company has adopted international pricing model in domestic market so there was downtrend in the price.