UWB merger may affect IDBI’s financial profile: S&P Industrial and Development Bank of India (IDBI) which has won the race for acquisition of ailing United Western Bank (UWB), held a board meeting on September 21 to discuss the Reserve Bank of India's (RBI) draft scheme for amalgamation, even as global rating agency Standard & Poor's has warned that UWB's huge bad loans may affect the acquirer's financial profile negatively. 22 Sep 2006
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Dell to set up first Indian manufacturing unit in Tamil Nadu World's largest personal computer (PC) maker, Dell Inc., has signed an agreement with the government of Tamil Nadu to set up its first manufacturing plant in India in the southern state to help help serve new clients in the fast-growing computer market. 19 Sep 2006
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United Western Bank to merge with IDBI: RBI The race to acquire the beleaguered United Western Bank (UWB) has finally come to an end with Industrial Development Bank of India (IDBI) all set to acquire it, the Reserve Bank of India (RBI) has announced. 19 Sep 2006
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McDowell buys French winemaker for $ 17.7 million Top Indian distiller McDowell & Co. said that it has acquired French winemaker Bouvet Ladubay SAS for euro 14.75 million ($ 17.7 million), and plans to sell its products in India where wine drinking is rapidly catching on. 06 Aug 2006
UB group buys Taittinger's French winery for $ 15 million World's second largest alcoholic beverage manufacturing company, United Breweries (UB), which also has interests in construction and an airline named after its leading beer brand, Kingfisher, has acquired Bouvet-Ladubay, the wine subsidiary of French champagne major, Taittinger, for a price in excess of $ 15 million, the US investment company, Starwood Capital, has announced. 06 Jul 2006
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WHO chief dies at 61 Dr. Lee Jong-wook, who spearheaded the World Health Organization's successive battles against SARS and bird flu and was the first South Korean to head a U.N. agency, died Monday following surgery for a blood clot on the brain. He was 61. 24 May 2006
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Indian economy to grow by 8 percent till 2008: U.N. Report Supported by expansion of the agricultural sector by 2.5-3.0 percent, 8 percent growth in industry and 8.5 percent in services, India should be able to sustain a stable GDP growth rate of 8 percent for the next two years, a report by the United Nations' Economic and Social Commission for Asia and the Pacific (ESCAP) has stated. 05 May 2006
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Wal-Mart defends proposed bank plan Virginia, USA - An executive of Wal-Mart Stores Inc. on Monday defended to federal regulators the company's proposed expansion of its empire into banking as a parade of objectors prepared to make the case against the move. 12 Apr 2006
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GM Buyouts Could Result in Weaker Unions For a U.S. auto industry already undergoing a sea change, General Motors Corp.'s offer to buy out more than 100,000 autoworkers will only bring more upheaval that could result in weaker unions, thousands of jobless Baby Boomers and higher sticker prices on vehicles, eventually. 24 Mar 2006
