Saturday March 29, 2008

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Tatas spent $133mn in advisory fees in last 2 yrs  

New Delhi, Mar 28:
Country's leading industrial conglomerate Tata group, which recently announced the acquisition of premium British car brands Jaguar and Land Rover, has spend a whopping 133 million dollars in advisory fees related to various buyouts in the last two years.
 
Sensex ends 350 points higher 

Mumbai, March 28:
Heavy buying emerged across the board as market tracked advances in European markets and ignored higher than expected inflation figures.
 
No price cut due to Nano: Maruti Suzuki 

Kolkata, March 28:
Maruti Suzuki India on Thursday reiterated that it is not losing sleep over the impending launch of the Nano and added it has no plan to slash the price of Maruti 800 to take on the Tatas' small car.
 
ICI India may sell adhesives biz for Rs 260cr 

New Delhi March 28:
Paints major ICI India is planning to sell its adhesives business to an Indian affiliate of the Henkel Group of Germany. The proposal is subject to shareholders' and other approvals.
 
LG to strengthen PC retail presence 

New Delhi March 28:
Days after computer manufacturing major Dell announced its foray into the Indian retail market, LG Electronics, announced its plans to strengthen its retail presence in the personal computer (PC) business.
 
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