AP Source: Comcast could spend 'billions' for rest of GE's NBC Universal stake after 3.5 yearsOctober 12th, 2009 AP Source: GE could unwind stake in NBC UniversalLOS ANGELES — A proposed deal to acquire media giant NBC Universal would give current owner General Electric Co. the ability to unwind its stake over several years, and could see Comcast Corp.
Venezuela buys ConocoPhillips' stake in offshore natural gas projectOctober 3rd, 2009 Venezuela buys ConocoPhillips' gas project stakeCARACAS, Venezuela — Venezuela's state oil company has purchased ConocoPhillips' 40 percent stake in a joint natural gas venture with Chevron Corp. Terms of the deal announced late Friday were not disclosed.
Pandit says Citigroup plans to exit Smith Barney venture with Morgan Stanley, repay TARPSeptember 16th, 2009 Citi plans to sell remaining Smith Barney stakeNEW YORK — Citigroup Inc. CEO Vikram Pandit confirmed Wednesday that the bank plans to eventually sell the remaining stake in its Smith Barney brokerage venture to Morgan Stanley, which owns the other half.
Dainippon Sumitomo Pharma of Japan acquiring US drug maker Sepracor for $2.6 billionSeptember 3rd, 2009 Dainippon of Japan acquires US drug maker SepracorTOKYO — Japanese drug company Dainippon Sumitomo Pharma Co. is acquiring U.S.
Danaher buying MDS unit for $1.1 billion, announces 3,300 job cuts as part of restructuringSeptember 2nd, 2009 Danaher buying MDS unit for $1.1 billionNEW YORK — Danaher Corp. on Wednesday stepped up its restructuring efforts and said it will cut an additional 3,300 jobs and close 30 facilities, nearly twice as many as previously planned.
Fluor completes multibillion-dollar joint venture project in KuwaitAugust 27th, 2009 Fluor completes joint venture project in KuwaitIRVING, Texas — Fluor Corp. completed a multibillion-dollar project for a joint venture with Dow Chemical Co.
Life Insurance Corp to set up housing venture capitalAugust 24th, 2009 Indo-ASIAN NEWS SERVICE
CHENNAI - Life Insurance Corp of India (LIC) and its associates will hold a majority stake in the real estate venture capital fund to be floated by LIC Housing Finance Ltd, says a top company official. "The majority stake will be with the LIC group.
Tamil Nadu Telecom's debt to be converted to equityAugust 20th, 2009 NEW DELHI - The government Thursday said it would convert loans taken by state-owned Tamil Nadu Telecommunications Ltd (TTL) to equity as part of efforts to revive the ailing company. TTL is a joint venture between Telecommunications Consultants India Ltd (TCIL), a public sector telecom consultancy and engineering company, and Tamil Nadu Industrial Development Corp.
Alibaba.com may launch joint venture in IndiaAugust 4th, 2009 WASHINGTON - China's top e-commerce company, Alibaba.com Ltd. is considering establishing a joint venture in India to provide business-to-business e-commerce services, the Wall Street Journal reported.
Enel and EdF create joint venture to develop nuclear energy in ItalyAugust 3rd, 2009 Enel and EdF in nuclear venture in ItalyMILAN — The Italian energy company Enel has formed a joint venture with France's EdF to develop nuclear energy in Italy, the companies said in a joint statement Monday. The companies billed the move "as the first substantial step" toward establishing nuclear plants in Italy following the approval of an Italian law last month allowing a return to nuclear energy more than two decades after voters shut down the country's reactors.
Magma Fincorp to form joint venture with German firmJuly 28th, 2009 KOLKATA - Financial services company Magma Fincorp Ltd has signed a joint venture agreement with Germany-based HDI-Gerling International Holding to foray into the general insurance segment in India, a top official said here Tuesday. "The total investment in the insurance company would be around Rs.100 crore where the foreign partner will hold 26 percent stake," Sanjay Chamria, vice-chairman and managing director of the city-based Magma Fincorp, told reporters.
French firm enters India's parcel services sectorJuly 2nd, 2009 NEW DELHI - GeoPost, the express parcel arm of French postal service provider Groupe La Poste, and India's Continental Air Express Thursday announced a joint venture to offer domestic and international parcel services to Indian customers. The Foreign Investment Promotion Board (FIPB) recently approved the joint venture, DPD Continental International, in which GeoPost will hold a 60-percent stake.
Kerala to set up Rs.250-crore trade centreJune 30th, 2009 THIRUVANANTHAPURAM - The Kerala State Industrial Development Corp (KSDIC) has tied up with Fertilisers and Chemicals Travancore Ltd (FACT) to set up a world class trade and exhibition centre in Kochi at an investment of Rs.250 crore, it was announced Tuesday. KSDIC said in a statement that it would form a joint venture with FACT to execute the project.
Brandhouse announces joint venture with Italy's OviesseFebruary 16th, 2009 NEW DELHI - Textile major Brandhouse Retails has signed a joint venture agreement with Italy's leading apparel brand Oviesse to open 190 stores in India at an investment of Rs.1.61 billion (Rs.161 crore) over a period of five years, it was announced Tuesday. Brandhouse will hold 62.5 percent stake in the joint venture, while Oviesse will own the balance 37.5 percent.
Government okays setting up of railway locomotive factoriesFebruary 4th, 2009 NEW DELHI - The government Thursday approved a proposal to set up two greenfield electric and diesel locomotive factories in Bihar at an estimated investment of Rs.20 billion (Rs.2,000 crore). The factories will be set up in Madhepura and Saran districts as a joint venture between Indian Railways and an international manufacturer.
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