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

State-owned power equipment maker Bharat Heavy Electrical

R Systems International Ltd has announced that it has completed the acquisition of Sento Europe B.V., a Netherlands corporation and Sento S.A.S., a French corporation (collectively known as Sento E

The US-based FreightCar America, which is engaged in the manufacture of railroad freight cars has entered a 51:49 joint venture with city-based Titagarh Wagons for developing new freight wagons for