HDFC Bank's Q1 FY09 net profit jumps 44.6 percent boosted by Centurion buy India's second largest private sector bank, HDFC Bank has posted 44.6 percent jump in net profit for the fiscal quarter ended June 30, 2008, attributing the surge in earnings to its successful acquisition of smaller Centurion Bank of Punjab. 28 Jul 2008
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MNC giant behind US probe, trying to scuttle Daiichi deal: Ranbaxy A top executive of India's largest generics drug maker Ranbaxy Laboratories has blamed "vested interests," including a top pharmaceutical MNC, a leading Indian company and some stock brokers, for the downslide of the company's share prices last week. 21 Jul 2008
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Daiichi deal on track, US Govt. to withdraw motion, says Ranbaxy CEO A top executive of India's largest generics drug maker Ranbaxy Laboratories has allayed fears that its $4.6 billion takeover deal with Japanese drug maker Daiichi Sankyo is in jeopardy, saying that the deal is very much "on track." 16 Jul 2008
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IFGL Refractories completes buy of Hofmann Group of Cos. for €7 million IFGL Refractories Ltd., makers of refractory materials used by steel and cement firms for linings of furnaces, said it has completed the acquisition of Germany-based private owned Hofmann Group of Companies. 15 Jul 2008
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SpiceJet to offload stake to US investor Wilbur Ross for $80 million India's budget air carrier SpiceJet has accepted US-based billionaire investor Wilbur Ross' $80 million (Rs.345 crore) offer and is ready to offload at least 10 percent stake to the private equity fund. 15 Jul 2008
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Belgian brewer InBev to acquire Budweiser maker for $52 billion Anheuser-Busch Cos Inc., the 156-year old maker of world famous Budweiser beer said it has accepted a sweetened takeover bid from Belgian brewer InBev NV for $52 billion (£26 billion), a deal that would create the world's largest brewer and place the iconic American beer brand into foreign hands. 15 Jul 2008
