Dubai Ports eyes India, Europe for growth
Dubai Ports World said on Tuesday it hoped to expand in Asia, particularly India, and Europe following its acquisition of P&O.
“Asia, in particular India, is an opportunity … as well as Europe,” D P World Chairman Ahmed Bin Sulayem told reporters on a conference call when asked about the group’s focus for future expansion.
Dubai Ports earlier announced a 3.3 billion pound ($5.64 billion) takeover bid for Britain’s P&O.
More: financialexpress.com
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Cash-rich India Inc on acquisition trail in Europe
From a land of cheap labour for shipping low-end jobs to corporate predators, India Inc.'s profile has undergone a sea change in Europe - thanks to a string of recent big-ticket acquisitions.
Although India-born Lakshmi Mittal's hostile bid of $22.5 billion for European rival Arcelor continues to hang in balance despite the passage of nearly three months, India Inc is eyeing takeover opportunities in Europe like never before.
It is no coincidence that two of the biggest acquisition deals struck by the Indian companies in the current calendar year were in the European market. A
Ispat Ind & Stone India Q4 results
Ispat Industries has reported a net loss of Rs 153.14 crore for the quarter ended March 31, 2006, compared to net profit of Rs 38 crore in the same period last year.
Total income was up 14.6 per cent at Rs 1,291.15 crore from Rs 1,126.54 crore over the corresponding periods.
Stone India net up 261%
Stone India has recorded net profit of Rs 8.3 crore for the financial year ended March 2006 compared with Rs 2.3 crore, improvement of 261 per cent over the previous financial year.
Turnover stood
Poised to outpace industrys growth: Mah Auto Steel
Hemant Luthra, President of Mahindra Automotive Steel says they plan to have all forging businesses under one roof.
He adds that they are looking at increasing their footprints in Europe, and are currently eyeing more than one acquisition. He also says that the company is in talks with several companies in Europe and East Asia.
He also says that the company is not looking at acquiring any sick units, and is looking to outpace the automotive industry growth of 15-20%.
More : moneycontrol.com
Gold Rises in London as Jewelers in India, Europe Stock Up
Nov. 24 (Bloomberg) -- Gold rose for a third trading session in four in London as jewelers in India and Europe stocked up on the metal to meet demand.
Jewelers bought a record $38 billion of gold in the 12 months ended in June as the global economy expanded, the producer-funded World Gold Council said Sept. 7. Jewelry demand, which makes up 73 percent of total consumption, gained 7.6 percent in the third quarter.
``Physical buying from India for the wedding season and in Europe before the Christmas holidays is
Europe draws eyes of buyers
The $15.3 billion purchase of TDC, the largest Danish phone company, by Blackstone Group and Kohlberg Kravis Roberts is leading a record year for European buyouts.
The takeover, also led by Apax Partners Worldwide, Permira Advisers and Providence Equity Partners, is the biggest European move by a group of buyout firms. The deal, announced on Wednesday, increases the value of takeovers announced by firms in Europe this year to $112 billion, compared with $80 billion in all of 2004.
Despite slower economic growth in Europe than in the United States, private equity firms are being drawn to the
