Old Mutual has completed the acquisition of a majority stake in Oceanic Life, the life assurance operations of the former Oceanic Bank in Nigeria. Financial terms of the transaction, which was originally announced in February 2012, have ...
Tags: Old Mutual, majority stake, Oceanic Life
Microsoft's $2 billion loan to Dell, the world's third-largest seller of personal computers, was a signal that the personal computer, Microsoft's Windows, or both, are at growing risk of irrelevance, analysts said Tuesday. The loan was ...
Microsoft's $2 billion loan to Dell, one of its largest computer-making partners, will have an impact on how other OEMs view their Windows ecosystem collaborator, analysts said today. The extent of that impact, however, is unclear to the ...
Suppliers to supermarket chain Morrisons have been left counting the cost after a glitch with a new computer system meant that many went unpaid. The company said that the cause of the glitch had now been identified. It is currently ...
Tags: Morrisons, computer system, company news
Aditya Birla Nuvo reports results for quarter ended 31st December 2012 -Revenue grew by 10 per cent to Rs.6, 305 crore -EBITDA rose by 29 per cent to Rs.1, 090 crore -Net profit surged by 28 per cent to Rs.323 crore For the ...
Tags: Fashion Retail, Sales, Aditya Nuvo
Welspun India Ltd., part of the $ 3.5 billion Welspun Group announced Q3 and 9M FY13 results, showing strong growth in comparison to corresponding period last year. Financial Highlights – Q3 FY13 -Sales grew by 9% largely due to ...
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BP announced its financial results for the fourth quarter and full year of 2012. Underlying replacement cost profit, adjusted for non-operating items and fair value accounting effects, was $4.0 billion for the fourth quarter, compared to ...
Tags: BP, financial results, fourth quarter
DayStar Technologies Inc (DSTI) of Kelowna, BC, Canada, which was founded in California in 1998 to make copper indium gallium diselenide (CIGS) thin-film photovoltaic modules, says that it is negotiating the potential sale of its CIGS solar ...
Italy-based packaging equipment provider Industrial Machine Automation (IMA) has entered into an agreement to acquire 40% stake in Transworld Packaging's subsidiary ILAPAK, which offers manufactures packaging machines for the food industry. ...
Tags: packaging equipment provider, IMA, ILAPAK
DayStar Technologies Inc (DSTI), founded in California in 1998 to make copper indium gallium diselenide (CIGS) thin-film photovoltaic modules, says that its board of directors has approved the acquisition of a 20% equity ownership in ...
British private investment company Grovepoint has acquired a majority stake in Algatechnologies, an Israel-based producer natural astaxanthin and other microalgae-derived products. The financial details of the transaction have not been ...
Tags: Grovepoint, majority stake, Algatechnologies
Everyone who purchases one of the company’s innovative and versatile MFT1700 series multifunction installation testers between 25th December 2012 and 1st March 2013 is eligible for entry into the Megger “I want one” draw, ...
The Belgian brewer Anheuser-Busch InBev and Constellation Brands have revised agreement for AB InBev's complete divestiture of the US assets of Mexican beer company Grupo Modelo. The move follows a US Department of Justice decision to ...
Tags: brewer, Anheuser-Busch, InBev, Constellation Brands, Grupo Modelo
Nokia said on Tuesday that it has filed letters of objection in India to protest actions by the country’s income tax authorities. These included a raid on its factory, which, the vendor claimed, ran counter to domestic laws and ...
Tags: Nokia, India, income tax authorities
Mahindra & Mahindra (M&M) has completed the acquisition of Navistar International's stake in Mahindra Navistar Automotives (MNAL) and Mahindra Navistar Engines (MNEPL). M&M said it has now taken complete ownership of operations and will ...
Tags: M&M, Navistar International, MNAL, MNEPL