Tata Communications Unveils Technology Partnership With Formula One Motor Racing To Boost Brand
India's Tata Communications, seeking to raise its profile around the globe, unveiled a technology partnership with Formula One motor racing on Thursday, a further sign of the sport's growing appeal in emerging markets.
Tata Communications will use its undersea cable and its IT networks to transmit data and live video from the 20 Grand Prix locations as the circuit tours the globe. It will also host the Formula1.com website in a multi-year deal for which financial terms were not disclosed.
Tata Communications will use its undersea cable and its IT networks to transmit data and live video from the 20 Grand Prix locations as the circuit tours the globe. It will also host the Formula1.com website in a multi-year deal for which financial terms were not disclosed.
Il&Fs Investment Managers Ltd May Buy Out Hershey Company's Stake
IL&FS Investment Managers Ltd (IIML), the private equity arm of Infrastructure Leasing & Financial Services, is in advanced stages of negotiations to buy out The Hershey Company's 51% equity stake in its joint venture with the Godrej group, top investment banking officials said.
The deal, if completed, will allow IL&FS to regain ownership over the company as its PE arm was the financial investor from whom Hershey had bought a 40% stake in 2007 for a reported $60 million (Rs 270 crore at that time). Another 11% was bought from Godrej Industries.
The deal, if completed, will allow IL&FS to regain ownership over the company as its PE arm was the financial investor from whom Hershey had bought a 40% stake in 2007 for a reported $60 million (Rs 270 crore at that time). Another 11% was bought from Godrej Industries.
Sanjeev Narula To Sell Debt-Ridden Lilliput
Lilliput, the country's largest kid swear brand, is heading towards a slump sale. Founder Sanjeev Narula, embroiled in a bitter public battle with private equity investors Bain Capital and TPG, will sell the brand and its retail assets, along with his two estranged partners.
"I have no option but sell," said Narula who holds majority stake in the company. "The company can't service the debt anymore,'' he added.
At least five firms including Mahindra & Mahindra, and private equity funds Kohlberg Kravis Roberts & Co, Blackstone, L Capital and India Value Fund have signed non-disclosure agreements to enter into negotiations to buy Lilliput, said a person with direct knowledge of the development.
"I have no option but sell," said Narula who holds majority stake in the company. "The company can't service the debt anymore,'' he added.
At least five firms including Mahindra & Mahindra, and private equity funds Kohlberg Kravis Roberts & Co, Blackstone, L Capital and India Value Fund have signed non-disclosure agreements to enter into negotiations to buy Lilliput, said a person with direct knowledge of the development.
Reliance Industries Ltd Finalises $450-M Jv With Russian Rubber Giant Sibur
Reliance Industries (RIL) and Russian rubber giant Sibur, Eastern Europe's largest maker of petrochemicals, on Tuesday announced the formation of a joint venture company called Reliance Saber Elastomers that aims to become the fourth largest supplier of butyl rubber - an input for tyres - in the world.
"In the first year of production the company could target a turnover of 2,500 crore," said Nikhil Meswani, executive director, RIL.
"In the first year of production the company could target a turnover of 2,500 crore," said Nikhil Meswani, executive director, RIL.
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