Wednesday, February 3, 1999
General Motors to buy out CK Birla's holding in joint venture
The C K Birla group and General Motors have decided to part ways with the world auto giant deciding to buy out the entire stake of the Birlas in its 50:50 joint venture in India. Birlas' withdrawal from GM India makes it the third automobile JV where the Indian partner either exited or became a insignificant minority holder
Hindujas woo Novartis to partner Astra IDL
The Hinduja-controlled pharma company Astra IDL has held talks with Novartis India, among others, in an attempt to rope in the Swiss multinational as a possible strategic equity partner. The move is a direct fallout of Swedish giant Astra's intent to exit from the Bangalore-based joint-venture company.
Centre regrets one-month brace as Samadhan mops up Rs 2,000 crore
The one-month extension given to the Kar Vivad Samadhan Scheme (KVSS) failed to have much impact on the tax litigants with the total realisation staggering at around Rs 2,000 crore at the close of the scheme.
|
|
