Tata Chemicals has signed up definitive agreements in order to acquire a US-based chemical company, General Chemical Industrial Products Inc. (GCIP) for around Rs 4,000 crore ($1,005 million).
Harbinger Capital Partners is the majority owner of GCIP.
The deal is conditioned on the receipt of shareowner and other regulatory commendations.
GCIP is a major soda ash manufacturer in the USA. It has a capacity of 2.5 million TPA of Natural Soda Ash. Its manufacturing plants are situated at Green River Basin in Wyoming, USA.

Drug Major Sun Pharmaceuticals has announced the commercial launch of generic Pantoprazole Sodium Delayed Release (DR) Tablets, 40 mg in the market. The drug is used for treating oesophagus ailments.

Sun Pharmaceuticals has launched the drug after the commercial launch by Teva Pharmaceutical Industries and Wyeth’s generic Pantoprazole Sodium tablets product.

This strength of Pantoprazole Sodium has annual sales of around 2.3 billion dollar in the US. The product is being sold by its marketing partner Caraco Pharmaceutical Laboratories.

The company had received a USFDA approval for these tablets in Sep 2007.

Nicosia, Jan 29: Sharjah-based Dana Gas in a recent announcement has said

New York-headquartered, BlackRock has acquired the 40% stake held by Merrill Lynch in mutual fund DSP Merrill Lynch Fund Managers. The mutual fund house will be renamed DSP BlackRock Mutual Fund while DSP Merrill Lynch Fund Managers will be renamed ‘DSP BlackRock Investment Managers’.

The remaining 60 per cent will continue to be held by the DSP Group (Hemendra Kothari and his associate companies).

Hemendra Kothari, chairman of DSSML-FM, said the deal is in line with the realignment of Merrill Lynch asset management business and there is no cash transaction involved.

Jump Games, a mobile game developer and part of Anil Ambani’s Reliance Entertainment

Global IT major, Microsoft Corporation has acquired a 35% equity