The United Arab Emirates largest phone company is currently in discussions with Indian telecoms major, Reliance Communications Ltd for possible mergers and acquisitions. Emirates Telecommunications Corp. (Etisalat) is in a quest to increase its offering in India, considered the second largest wireless market in the world. Mohammed Omran, Etisalat chairman said the UAE firm was

Godrej Consumer Products Ltd is mulling domestic Indian acquisitions to bolster its growth. The firm, already having undertaken four overseas acquisitions this year alone, is interested in acquiring a number of domestic firms. Adi Godrej, chairman Godrej Consumers Products Ltd said the firm is keen on bolstering its Indian position and offering and will be

GlobalLogic is mulling an acquisition spree around the world and India has been targeted as a potential destination. The software developer said it will be undertaking investments in the BRIC nations, on top of Europe and Argentina. GlobalLogic is a renowned research and development provider and it is hopeful of sealing at least a deal

India has lifted the cap on foreign investments in government bonds as the government seeks financing for its infrastructure projects. The lifting comes as the first in more than a year as the country’s Prime Minister seeks capital for the construction of roads and power plants. Currently, India is positioned below countries such as war

Mitsui & Co Ltd has acquired a 5 per cent stake in Arch Pharmalabs Ltd for about Rs 65 crore. The Japanese firm has bought the stake in the Indian active pharmaceutical ingredient manufacturer, a deal which values the Indian firm at Rs 1,300 crore. The Japanese firm’s investment will be in fresh equity issued

Bain Capital, Warburg Pincus, Chrys Capital and KKR are mulling an investment in Quality Engineering & Software Technologies Ltd (QuEST). The four firms will be investing about $60 million, to be done by October this year, in the firm. Headquartered in Bangalore, Quality Engineering & Software Technologies Ltd designs software for firms such as GE,

Indian Oil Corporation has a war chest of $1 billion for acquisition investments, reported the firm Wednesday. According to the firm, it will be targeting viable and feasible firms’ producing or developing and production assets overseas. The firm is keen on bolstering its business via investments in Exploration and Production assets. The state run Indian

Sujana Universal Industries Ltd will acquire EBC Bearings India Ltd, the ball bearing manufacturer. EBC Bearings India Ltd is the subsidiary of European Bearing Corp, which has major Russian operations. The firm constructed a plant in the state of Hyderabad, India, for the making of medium and large sized bearings, but manufacturing is yet to

Cognizant is in talks for the acquisition of business process outsourcing firm, Genpact. Cognizant, the information technology giant said it is in advanced discussions with Genpact and will be making an announcement soon regarding its offer for Genpact. Genpact is a major business process outsourcing firm. The two firms, even thought listed in the New

US based leading firm in fire safety and electronic security systems, UTC Fire & Security is set for Indian acquisitions in a move to expand its foothold in India. Aimed at expanding its presence and business offering in the country, the American firm will be making some acquisitions in India, it said. UTCFS is a