Atul Karmarkar.Com

French global food & facilities management company Sodexo has acquired Radhakrishna Hospitality Services Group (RKHS) to become the leading Food and Facilities Management services company in India. The deal, valued at approximately $100 million (Rs.520 crore), was formalised yesterday and informed to the Paris Stock Exchange. The deal, however, does not include RKHS’s other businesses, including its [...]

In a bid to protect it’s portfolio investment, engineering giant Larsen and Toubro has decided to throw it’s hat into the ring to acquire the troubled Satyam Computer Services, and is looking to other institutional shareholders like LIC and ICICI Pru Life Insurance to support it’s revival plan. According to the shareholding pattern in December, LIC holds 4.34 [...]

Sun Pharma and Taro Pharma still seem unable to resolve issues over their proposed partnership. Taro has now proposed $15 per share in cash for a merger with Sun just a day before the out of court settlement deadline set by the Israel Supreme Court expires. Replying to the offer, Chairman and MD of Sun, Dilip Shanghvi said,

Yahoo has taken a 30% stake in Indian company, Info Network Management Company, which provides phone directory search service, Call Ezee. However, the exact valuation is not yet known. The Chennai based two year old company has a five member board, with promoters holding 70% after this dilution. According to founder TS Narayanaswamy, this investment by Yahoo would help them [...]

With hardly any company or sector being spared the aftershocks of the economic slowdown, Vijay Mallya’s Kingfisher Airlines appears to be the latest in the line, believed to be keen on a stake sale even as it flies deeper into ‘red’ territory with huge losses. There is a proposal in the offing which seeks to allow foreign [...]

Some of the attention grabbers this week: Wells Fargo bids $12 billion for Wachovia, fends off Citi TCS to sign passport deal

Well, it’s still early days, but the Axon board has recommended HCL’s offer to their shareholders in the absence of any competing bid from Infosys. The 60 hour timeframe given to Infosys expired and Axon said they would go ahead with HCL. Infosys, on their part, have said they are still "evaluating all options".