Shell eyes 10% in Essar as 'token' for 3 plants Nov 21, 2009
Essar Oil is looking to have 1 million bpd in capacity through organic as well as inorganic growth by 2012. Read business stories in. (India Times)
Tech companies find it difficult to crack deals in US, Europe Nov 20, 2009
BANGALORE: For Indias top tech firms seeking to take an inorganic growth route for expanding in the US and European markets, successful acquisitions are becoming harder to come by, as potential targets demand high valuations and cultural barriers in several countries act as a bottleneck. Over the past two years, tech firms including Wipro, Infosys, Patni and several others have had discussions with potential targets such as Globant of Argentina, Ciber in the US and IDS Scheer of Germany. (India Times)
Centre asks PSBs to hunt for M&As Nov 19, 2009
Though we are open to pursuing inorganic growth in the domestic market, we have not identified any banks to push this ahead, said Mr Kamath. Government is pushing the consolidation agenda cautiously as it is seen as a sensitive issue. (India Times)
BK Modi returns with new investment plans Nov 13, 2009
The way I see it, inorganic growth is going to be a critical way to grow our businesses, he says. 1. (India Times)
Renuka Sugars scrip touched all-time high Nov 12, 2009
Besides inorganic growth, the company has also been active by expanding through brownfield route. The price of sugar is likely to remain in uptrend in the medium term due to deficit in sugar production in the country. (India Times)
RIL shares fall by 3.6% Oct 31, 2009
According to Goldman Sachs analysts, excess cash flow to the tune of $20 billion after RILs committed capex will help the company pursue inorganic growth in its businesses. The foreign bank has assigned a buy on the stock with a target price of Rs 2,620. (India Times)
We want to bring derivatives back on BSE: Dy CEO Oct 23, 2009
Finally, is BSE open to the idea of inorganic growth as part of its attempts to garner higher market share. Or, would you completely rule it out. (India Times)
Carlsberg gets cracking on brewery Oct 12, 2009
In contrast, Carlsberg has stayed away from pursuing significant inorganic growth opportunities. Read business stories in. (India Times)
Mukesh Ambani: Reliance Will Keep Focus on India Oct 10, 2009
When pressed further on the next big thing from RIL, he's upfront: "We will (continue) focusing on our existing sectors. We will look at filling societal gaps, at providing expertise and management and creating business models. We are looking at both organic and inorganic growth," Mr. Ambani said. So, if the markets are expecting a big-bang acquisition overseas, it may not be happening very soon. (BusinessWeek)
Post-bonus, Mukesh Ambani puts stock in society Oct 9, 2009
When pressed further on the next big thing from RIL, he's upfront: "We will (continue) focusing on our existing sectors. We will look at filling societal gaps, at providing expertise and management and creating business models. We are looking at both organic and inorganic growth," Mr Ambani said ... "We will (continue) focusing on our existing sectors. We will look at filling societal gaps, at providing expertise and management and creating business models. We are looking at both organic and... (India Times, India -- Intl Business)
Ramadorai retires as TCS CEO today Oct 5, 2009
Industry peers like Wipro, HCL and Cognizant have been active in terms of inorganic growth, but TCS has not made any acquisitions , barring the Citi Global deal. Yet, you recently emphasised the importance of size and scale. (India Times)
Rajiv Anand, MD & CEO, Axis AMC Oct 3, 2009
Do you have any plans for inorganic growth ... We are open to inorganic growth. (India Times)
Patni zeroes in on two ERP, insurance cos in US, Europe Sep 23, 2009
Multiple sources familiar with Patnis acquisition plans said the company wants to cross the $1-billion mark in revenues through inorganic growth, and compete more effectively with TCS, Infosys and Wipro for large multi-year outsourcing contracts ... Patni aims to cross the $1-bn mark in revenues via inorganic growth, & compete with TCS, Infy and Wipro for large multi-year outsourcing contracts. (India Times)
Wind Energy: The Fall in Orders in 2009 Will Affect Revenues in 2010. New Growth Strategies Are Now Essential, Says Frost & Sullivan Sep 21, 2009
"This inorganic growth strategy has also been adopted by companies such as South Korean Daewoo Shipbuilding and Marine Engineering, Areva, Chinese XEMC Windpower and Hyundai Heavy Industries.". Other companies are focusing on improving value proposition internally; these companies are fine tuning quality management, supplier auditing, operation and maintenance and training of technical personnel. (PR Newswire)
SBI eyes profits from overseas ops Sep 18, 2009
Talking about overseas acquisitions, Mr Bhatt said that the bank was not averse to inorganic growth. Read business stories in. (India Times)
Ezwim's Growth Surges in the First Half of 2009 Sep 8, 2009
Ezwim will continue to focus on organic growth through direct sales and global strategic partnerships, and inorganic growth through acquisitions. About Ezwim. (PR Newswire)
'We are actively chasing buyout options' Aug 29, 2009
The Shiv Nadar-promoted HCL Technologies says its focus on people, mega deals, market share and inorganic growth has helped the company to ride the recession ... The Shiv Nadar-promoted HCL Technologies says its focus on people, mega deals, market share and inorganic growth has helped the company to ride the recession. (India Times, India -- Intl Business)
OIL IPO to add to its coffers Aug 29, 2009
OIL readies war chest for inorganic growth- IPOs-Markets-The Economic Times ... OIL readies war chest for inorganic growth29 Aug 2009, 0040 hrs IST, Ramkrishna Kashelkar, ET Bureau ... MUMBAI: The upcoming around Rs 2,800-crore public issue of Oil India (OIL) is expected to add to its already overflowing coffers and create a war chest for its future inorganic growth. (India Times)
Caltex Australia Shares Slump as Refiner Skips Dividend, Warns on Outlook Aug 28, 2009
We will be very carefully scanning the horizon for inorganic growth opportunities, Segal said on a conference call. He declined to comment when asked whether the company was interested in bidding for refining and fuel retail assets in New Zealand. (Bloomberg -- Australia & New Zealand)
Virage Logic to buy ARC International Aug 19, 2009
"Through both our organic and inorganic growth initiatives, we have significantly expanded our portfolio of standard products. With approximately $24 million in revenue for the trailing twelve months ended June 30, 2009 and over 150 customers, ARC would contribute meaningful scale to our business. Furthermore, ARC would significantly expand our market opportunity to include microprocessor cores, the largest segment of the semiconductor IP market.". "In our engagements with well over 300 existing... (EETimes)
Britannia looks to borrow Rs 2k cr Aug 14, 2009
BANGALORE: Biscuits major Britannia Industries is seeking shareholders approval for a proposal to enhance its borrowing limit to Rs 2,000 crore to chase inorganic growth opportunities ... Biscuits major Britannia Industries is seeking shareholders approval for a proposal to enhance its borrowing limit to Rs 2,000 crore to chase inorganic growth opportunities. (India Times)
Apollo Tyres investing to tap domestic market Jul 27, 2009
Apollo Tyres, the secondlargest player in the tyre industry, (in terms of revenues) is likely to overtake MRF to become Indias largest tyre-maker after the recent acquisition of Dutch company Vredeste 00004000 in Banden BV. Inorganic growth, expansion in domestic market and improving operational efficiency make Apollo Tyres a good long-term bet for the investors. Business. (India Times)
Yahoo Earnings Beat the Street as Revenue Wanes Jul 23, 2009
The "perfect storm" of the downturn, the troubles with Vista and the wait for Windows 7 could be mitigated with more innovation in the industry. Select a newsletter and click Join to sign up. (SmallBusinessComputing)
Cognizant likely to bid for Unique ID project: CEO Jul 18, 2009
Francisco D' Souza, Cognizant president talks to ET NOW about the business environment for outsourcing, the companys strategy for inorganic growth and pricing pressure being forced by the customers. Excerpts. (India Times)
India Inc's top 5 US-centric deals in 2 years Jun 23, 2009
Indian companies, which traditionally focused on organic growth or at best inorganic growth through domestic mergers and acquisitions (Met foot in many international markets through acquisitions or businesses, and earned greater acceptance as global market players. In a joint report on 'Direct investments in the US by Indian enterprises', Ernst and FICCI have considered India's outbound US centric deals during the period April 2007 to March 2009 and analysed its trajectory and trends. (India Times)
China's Rapid Industrialization and Urbanization Signifies Growth Potential of Environmental Industry, Says Frost & Sullivan Jun 16, 2009
"While the civil contracting market continues to be dominated by local players, the equipment and technology markets will see more international players from US, EU, and Japan extending their footprints in China through both organic and inorganic growth routes. At the same time, Chinese players will become more technologically innovative, export-oriented and give stiffer competition to international players," he said. As per the 11th Five-Year Plan (2006 - 2010), the total investment in the... (PR Newswire)
HP business pact to help MphasiS May 25, 2009
"While the focus of the group (Mphasis) is currently more on the organic growth, it would not be averse to inorganic growth opportunities, especially if these significantly increase the delivery capabilities from India or other offshore/ near shore locations," the management said in a discussion of the risks and concerns. The company had cash and bank balances of Rs 355. (India Times)
Dabur offers a value buy for long term investors May 11, 2009
As part of its inorganic growth strategy, it acquired Balsaras hygiene and home care business in FY06, which added 10% to its topline during the year. The company recently acquired 72% in Fem Care Pharma, a leading player in the womens skincare product market. (India Times)
Patni Comp looks to enter big league May 7, 2009
Inorganic growth is an option, but should never be a strategy, Mr Kumar told ET in an interview. The company is currently carrying out an exercise that will help it identify in which industries it needs to develop more domain knowledge and expertise to attract customers. (India Times)
Cash kitty to help IT companies tide over crisis May 1, 2009
Cash provides safety and also fuels inorganic growth by facilitating acquisitions, says Aravind Viswanathan, senior manager (investor relations) at Wipro. The company reduced its dividend from Rs 6 per share in the previous year to Rs 4 per share in FY 09. (India Times)
Food entrepreneurs cook up new deals Apr 20, 2009
As he finalises the menu for his nearest launch in Delhi's DLF Mall, Saket, Chatterjee, who started his restaurant ventures in 1991 also mentions plans for "inorganic growth''. "We plan to extend to ready-to-cook food and sauces. For this, we would possibly look at equity funding, the present expansions mainly bank-funded and on internal accruals. (India Times, India -- Intl Business)
Cognizant to buy UK co Apr 20, 2009
Banking sources said Pa Consulting with its rather strong presence in verticals like healthcare and aerospace have been on the radar of Indian IT firms that are searching inorganic growth options ... Interest in Europe has increased, as Indian IT firms look for inorganic growth in markets outside the US that is going though a recession. (India Times)
Jeanette Wong, Group executive, DBS Bank Apr 20, 2009
Will you look at inorganic growth. We will be open to the idea of how we grow our footprint and how we grow our presence in India as long as it fits into our strategy and benefits our customer. (India Times)
Speciality Restaurant to dish out 2 acquisitions worth Rs 200 crore Apr 20, 2009
Calcutta, Sigree, Machaan and other brands like Mostly Kababs, Just Biryani, Haka and Sweet Bengal, is cooking up an inorganic growth model to foray in to the south Indian and Italian food verticals ... Anjan Chatterjee-promoted Speciality Restaurants that operates fine-dining restaurants is cooking up an inorganic growth model to foray in to the south Indian and Italian food verticals. (India Times, India -- Intl Business)
Sintex Industries attractive for long-term investors Apr 13, 2009
Innovative product offering, healthy financials and zest for inorganic growth make the company attractive for long-term investors ... The inorganic growth strategy of the company has inherent risks with regard to integration. (India Times)
Top 10 companies add Rs 42K cr in a week Apr 5, 2009
Greater efficiency in cash management of the amalgamated entity and unfettered access to cashflow generated by combined business can be deployed more efficiently to fund organic and inorganic growth opportunities to maximise shareholder value, it said. The move would catapult RIL to the top 20 oil refineries in the world. (India Times)
Global pharma consolidates Mar 21, 2009
Indian pharma companies would do well to explore the opportunities for inorganic growth or to acquire niche skills. The attractive valuations and somewhat easier availability of capital for the largely recession-proof sector provides the right backdrop. (India Times)
Retailers as one brand Feb 13, 2009
The primary reason for setting up the FPC, says Mahendran, is to increase the combined turnover from approximately Rs 3,000 crore currently to Rs 5,000 crore over the next three years through a mix of inorganic growth, reduced costs and improved productivity. And the first target for the cell is rural distribution. (India Times)
