‘Foreign airlines` stake in India will be a disaster`

Government is likely to take a final decision on allowing foreign airlines to pick up stake in Indian carriers in a couple of weeks.

Jaya to stake claim to form government on Sunday

Armed with the landslide mandate
in the Assembly polls, AIADMK chief Jayalalithaa will Sunday
call on Governor S S Barnala and formally stake her claim to
form the government in Tamil Nadu.

India has huge stake in your success: Menon told Holbrooke

A top Indian diplomat had told Richard Holbrooke within a month of his appointment that New Delhi had a huge stake in his success.

VW says it acquires 49.9% stake in Porsche

German auto maker Volkswagen has announced that it had acquired a 49.9-percent stake in luxury sports car-maker Porsche for 3.9 billion euros.

ABG Shipyard sells stake in Great Offshore

ABG Shipyard,which is locked in a takeover battle for Great Offshore with
Bharati Shipyard, today sold 8.27% stake in the offshore drilling firm, but said that its open offer for additional stake will start from tomorrow.

Suzlon sells 35.22% stake in Hansen for Rs 1,700 cr

Wind turbine maker Suzlon Energy Friday said it has sold 35.22 per cent stake in Belgian firm Hansen Transmissions for USD 370 million (about Rs 1,700 crore).

GE, Vivendi $1 bn apart over NBC Universal stake: Report

General Electric (GE.N) and Vivendi (VIV.PA) are at least $1 billion apart in their valuation of the French group`s stake in NBC Universal, the Financial Times has reported.

Petronet may acquire up to 10% stake in OPaL

Liquefied gas importer, Petronet
LNG Ltd (PLL), is keen to acquire up to 10 per cent stake in
ONGC Petro-additions Ltd (OPaL), which is setting up a cracker
complex in Gujarat, a senior ONGC official said.

Govt defers decision on Vodafone stake sale by Singh, Ghosh

Based on the recommendation of
the Foreign Investment Promotion Board (FIPB), the government
has deferred a decision the proposals of Analjit Singh and
Asim Ghosh to part-sell their minority stakes in Vodafone

NTPC stake sale to fetch govt over Rs 8,100 crore

The government Friday said it is expecting to raise about Rs 8,100 crore from the five per cent stake sale in power PSU NTPC through a Follow-on Public Offer (FPO).

HSBC Global acquires 0.68% stake in L&T for Rs 628.72 cr

Foreign fund HSBC Global Investment
Funds, Mauritius has acquired 0.68 per cent stake in engineering major, Larsen and Toubro, after buying shares worth Rs 628.72 crore, through an open market transaction.

Indiabulls Financial hikes stake in Suzlon to 6.38%

Wind energy major Suzlon on Thursday
disclosed that financial services major Indiabulls has hiked
its stake in the company to 6.38 per cent, by way of
acquisition of pledged shares.

No plans to divest stake in BHEL: Govt

The government Thursday ruled out any immediate plan to disinvest its stake in power equipment maker BHEL.

Cairn India sells stake, raises $1.6 billion

Rajasthan crude oil fields operator Cairn India Thursday said it had sold a 2.3 percent stake to Malaysian oil major Petronas and raised $1.6 bn.

Govt to sell 5 percent stake in NTPC: Report

The government plans to sell 5 percent of its stake in power producer NTPC Ltd, through a follow-on public offering in January, an Indian Financial daily reported on Thursday.

FDIC sells stake in Corus Bank assets

The Federal Deposit Insurance Corp. has agreed to sell a 40 percent stake in a portfolio of Corus Bank assets for USD 554.4 million to a private-equity consortium led by Starwood Capital Group.

China seeks major stake in Nigerian oil: Report

A Chinese state-owned oil company is in talks with Nigeria to acquire stakes in some of the world`s richest oil blocks, in potentially one of Beijing`s biggest overseas oil deals, a daily said on Tuesday.

ING to sell Australia, NZ jv to ANZ for $1.6 bn

ING said it will sell its 51 percent stakes in ING Australia and ING New Zealand to joint venture partner ANZ for USD 1.6 billion in cash as part of its global restructuring.

IOC may shell out 1,100 cr to buy 5% stake in Oil India

Indian Oil Corp will buy
one crore equity shares or five percent stake in Oil India
Ltd before the PSU explorer gets listed on the bourses
later this month.

LSE, NYSE Euronext eye Indian bourse stake: Report

The London Stock Exchange and the New York Stock Exchange Euronext may pick up a five percent stake each in MCX Stock Exchange, India`s newest bourse, a newspaper report said, citing two people close to the development.