India’s Infosys Technologies has made an offer to acquire UK based Axon Group Plc in an all cash deal worth £407.1 million ($753 million), or Rs.3,269 crore. This is the biggest overseas acquisition by an Indian IT outsourcing company....
Topics: Mergers and Acquisitions

In a unique move, Hindalco Industries, which is coming out with a rights issue next month, has got half the issue underwritten. So what does it mean? Well, in case the issue is not fully subscribed, the banks undertake to buy the unsubscribed...
Topics: Hindalco, Stocks

Here’s some good news for those who have bank accounts they’ve forgotten to close or are no longer keen to re-use. The RBI has said that banks must continue to pay interest  @ 3.5% on inoperative accounts and on unclaimed fixed deposits.
Topics: Personal Finance

Finally, that day had to come. After bidding for, and winning the opportunity to break bread with Warren Buffett, Mohnish Pabrai and Guy Spier got to actually do so after a year, or as Pabrai put it, three hundred and sixty two days, twenty hours and..
Topics: Value Investing, Warren Buffett

Hindalco has finally declared the pricing and structure of it’s forthcoming rights issue. Instead of the 1:3 ratio proposed earlier in June, the company has fixed the ratio at 3:7, which means shareholders are eligible to get three shares for...
Topics: Hindalco, Stocks