New Delhi: BHEL is in quest of mergers and acquisition (M&A) in order to encourage inorganic expansion and targets earning of Rs 45,000 crore by the next five years (2012).

At the shareholders conference, A K Puri, BHEL Chairman and Managing Director said, the company has drawn what it names “Strategic Plan 2012” to make sure sustainable profitable development over the next five years with the aim of achieving an earning level of Rs 45,000 crore.

Chennai: Deepak Puri, MD Moser Baer India Ltd, stated that the company is planning to invest Rs 2,000 crore in Tamil Nadu to make photovoltaic films. The project will be licensed in 18 months.

Mumbai: Maruti Udyog Ltd has got regulatory approval to change its name to Maruti Suzuki India Ltd.

A new clash among the Patni brothers over the rights of the new capitalist in Patni Computer Systems is delaying the stake sale process in the IT services company.

Mumbai: The owner of the Taj Hotels chain, Indian Hotel Company (IHCL) has purchased a 10 per cent stake in the NYSE-listed Orient-Express Hotels for around Rs 850 crore.

Yahoo has bought news aggregator BuzzTracker, and also named its creator, Alan Warms as Yahoo News GM, VP.

BuzzTracker explores web sites and blogs for news items and arranges them according to topic. The company also provides its software to other business houses.
     
The online major (Yahoo) has acquired the company to swell its advertising span on the web. The financial details of the deal are not disclosed yet.