High subsidies and wages are paralyzing to the state run companies day by day. The ever increasing international prices of crude oil have worsened the scenario.

HTMT would acquire a BPO (business process outsourcing) company in Europe by the end of this fiscal.

It is a time of mergers and acquisitions.

Russia's largest steelmaker, OAO Severstal, boosted its takeover offer for U.S. producer Esmark Inc. by 13 percent to $775 million and entered a merger agreement with the target company.

India’s major Pharmaceutical industry “Sun Pharma” on Wednesday demanded Taro to disclose investments made in its subsidiary –Taro Ireland.  

Hyderabad based Infrastructure player, GMR on Wednesday acquired 50% stake in U.S based Power Company Intergen, for $1.1 billion.