Infosys to acquire Swiss firm Lodestone

Business Line 10 September 2010 Infosys Ltd has announced the acquisition of Lodestone Holding AG, a management consultancy firm based in Zurich, for an aggregate enterprise value of CHF 330 million in cash (about Rs 1,932 crore). Infosys believes that it would become...

Mail.ua Mail.ru Group acquires Ukrainian webmail service

East-West Digital News 6 September 2012 Earlier this week, Mail.ru Group, a leading Russian Internet group listed on the London Stock Exchange, announced its acquisition of the Ukrainian webmail service ‘Mail.ua.’ Prior to the sale, the webmail service belonged to...

Georgia Tycoon sells ag company Stoilenskaya Niva

Reuters 6 September 2012 Seeking to counter charges that he is Russia’s proxy in Georgia’s elections, billionaire Bidzina Ivanishvili has sold his last Russian business asset, his management firm said on Thursday. The once-reclusive tycoon and his Georgia...

Jindal Steel acquires CIC Energy for Rs 650 cr

Business Line 5 September 2012 Jindal Steel and Power Ltd (JSPL) has acquired Canadian listed firm CIC Energy Corp for Rs 650 crore ($115 million). The acquisition will give JSPL access to CIC’s estimated six billion tonnes thermal coal assets in Botswana. Following...

Deccan Chargers invites bids from prospective buyers

Business Line 6 September 2012 Deccan Chronicle Holdings Ltd (DCHL) today issued a tender notice inviting bids from prospective buyers for its IPL franchisee Deccan Chargers, which is currently in a financial mess. The Indian cricket board’s (BCCI) working committee...