APN News

  • Friday, August, 2020| Today's Market | Current Time: 09:47:19
  • Govt confident of meeting Rs 40,000-cr divestment targe

    Buoyed by the strong response to its PSUs shares sales, the government exuded confidence that it would meet the disinvestment target of Rs 40,000 crore for the current fiscal. “Of course, the government will achieve the target of Rs 40,000 crore, which has been provided in the Budget and the evidence is before us,” Disinvestment […]

    Vedanta to seek shareholder nod next month, open offer in Jan

    London-listed Vedanta Resources may next month seek shareholders’ nod for buying majority stake in Cairn India for up to USD 9.6 billion. The India-focussed group, which last week secured USD 6 billion debt for the acquisition, is likely to post in next few days a circular convening a shareholders meet in third week of December, sources privy […]

    Logistics Market in the United Arab Emirates Set to Record Revenues of $7.03 billion in 2010, Finds Frost & Sullivan

    Mumbai : Situated at the crossroads of the Asia-Europe and Asia-Africa trade routes, the United Arab Emirates (UAE) is at a vantage position for conducting trade between countries in the Eastern and Western hemispheres. Geographic positioning has proved to be a major advantage for the logistics industry in the UAE. Good accessibility by air, sea, […]

    ED questions corporate lobbyist Nira Radia

    Corporate lobbyist Nira Radia was on Wednesday questioned by the Enforcement Directorate for her firm’s alleged role in the 2G spectrum allocation case. Radia, whose taped conversations with various people is reportedly available with the Directorate, is being questioned about allocation of the 2G Spectrum to certain telecom players. Radia had earlier cited health reasons […]

    Avery Dennison Increases Capacity at Pune Facility to Help Companies Serve India’s Rapidly Growing Consumer Market

    Mumbai : As brand labeling plays an increasingly important role in South Asian consumer purchasing decisions, Avery Dennison is increasing its commitment to grow the Indian packaging industry. The country’s leader in labeling and pressure-sensitive material production, Avery Dennison is once again expanding capacity and production of pressure-sensitive materials for labeling and packaging at its […]

    Gavilon Announces Expansion Plans in China

    United States : Gavilon, LLC has announced plans to expand its business in China to support the company’s grain-trade initiatives in the Asia-Pacific region. In addition to fertilizer sales and supply activities, Gavilon Hong Kong Limited will provide destination marketing, logistics and trade finance services for soybeans, corn, barley, wheat and feed ingredients, to support […]

    Microsemi Corporation to Acquire Actel Corporation and Unveils 65-NM Embedded Flash Platform

    Hyderabad : Microsemi Corporation, a leading manufacturer of high performance. analog mixed-signal integrated circuits, high reliability semiconductors and RF subsystems, announced that it has entered into a definitive agreement to acquire Actel Corporation for $20.88 per share through a cash tender offer. The total transaction value is approximately $430 million, net of Actel’s projected cash […]

    element14 Brand Launch: Presenting The Future

    Bangalore : Premier Farnell plc officially announced that its business in the Asia Pacific region would unite under a single, powerful brand, element14. The company launched the exciting new brand with a series of activities, the first being a huge Supplier Event on 26 October 2010 at the Shangri-La Hotel, Singapore. Harriet Green, CEO Premier […]

    M&M to pay USD 463 mn to acquire 70 pc in Ssangyong

    Mahindra & Mahindra on Tuesday said it has signed a definitive agreement with Ssangyong Motor Company Limited (SYMC) to acquire 70 per cent stake in the ailing South Korean auto maker at a total cost of USD 463 million (about Rs 2105 crore). The company said in a statement that it expected the deal to […]

    Sensex opens 205 pts down on profit-booking

    The B S E benchmark Sensex tuesday fell by over 205 points in the opening trade, largely on profit-booking. The 30-share barometer, which had gained 372.15 points in the previous trading, was quoting at 19,785.34 points in the opening trade, down by 205.20 points from Monday’s close. Similarly, the wide-based National stock Exchange index Nifty […]