M&M open to alliance in two-wheeler space.

Market leader in utility vehicles in India, Mahindra & Mahindra (M&M), today said the company was open to alliance in the two-wheeler space, but nothing is on the anvil. - M&M wins disputed internet site case at WIPO - M&M wins disputed internet site case at WIPO - M&M to launch four tractors this fiscal - F&O OUTLOOK: Nifty likely to get support at 4,350-4,400 - Nifty likely to get support at 4,350-4,400 - M&M: Clouds on the horizon "We are open to alliance, which will give us either market or technology. But, nothing is on the anvil," company Vice-Chairman Anand Mahindra said here. M&M had entered into the two-wheeler sector with the acquisition of 80 per cent stake in Pune-based Kinetic Motor Company for Rs 110 crore last year and now intends to be a "credible player of substance" in this segment. Mahindra, who unveiled two scooters - Mahindra Rodeo and Mahindra Duro, said the market for the two-wheeler segment would continue to be there even though small cars are making inroads in the Indian market.

Fortis in talks to buy Lanka hospital chain.

Move comes within months of acquiring Wockhardt hospitals. - Ranbaxy to launch generic version of Flomax next year - Ranbaxy exits generic drugs JV with Japanese firm - Japan"s largest drug maker Takeda plans India foray - Sunny re-rating of pharma companies - "We are moving towards a larger addressable market" - Avon to gain from nod to Ranbaxy"s drug Fortis Healthcare, a hospital chain promoted by former Ranbaxy owners Malvinder Mohan Singh and Shivinder Mohan Singh, is close to a major acquisition overseas. The move comes within months of the company acquiring 10 hospitals belonging to Habil Khorakiwala-promoted Wockhardt Hospitals.

Atlas Acquisition to buy Koosharem Corp for $840 mn.

Dabur"s promoter family member Gaurav Burman-led Atlas Acquisition today said it will acquire US-based staffing and employment services company Koosharem Corporation for $840 million (around Rs 3,900 crore) and merge with itself. Sensex ends up 35pts The merged entity will be called Select Staffing, the company said in a statement. "We believe that Atlas’ cash coupled with Select Staffing’s business gives Atlas shareholders an ideal platform for future value creation," Atlas Acquisition Holdings Corp President Gaurav Burman said. The company said that after the completion of the merger, Select Staffing"s current management team will remain in place with D Stephen Sorensen serving as chairman and chief executive officer, Paul J Sorensen as president, and Jeff Mitchell as chief financial officer of the combined company.

One phone and address but 38 different entities.

They have different names, but as many as 38 foreign venture capital investors (FVCIs) incorporated in Mauritius and registered with the Securities and Exchange Board of India (Sebi) have the same address and phone and fax numbers. - Record raising of funds in 2010 - NSE brokers to approach Sebi, govt on extended trading hours - Mandatory open offer for 100% stake in the works - Sebi may allow higher stake for buyers - Ringing in more changes - PSUs fail to meet Sebi criterion on directors According to Sebi data, 97 per cent of FVCIs are incorporated in Mauritius. Out of the 135 such entities, 131 are registered in the island nation. According to the Sebi list, the address — IFS Court, 28, Cybercity, Ebene, Mauritius — is common to 38 different funds. The list gives details of the FVCIs registered since 2001. The phone number (230) 467 3000 — and fax number (230) 467 4000 — are also the same for the 38 FVCIs.