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Kiri Dyes may acquire DyStar
Acquisition of Rs 5,440-cr German major will make Ahmedabad firm a global textile-chemical giant

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Nasscom lowers forecast of animation and gaming inds for 2012
The apex body of IT software and services, Nasscom, today lowered its forecast for the animation and gaming industry for 2012 on account of the global economic downturn.

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GM-Opel's threatened loss of jobs strains EU principles
With thousands of jobs across Europe at stake and the spectre of an internal subsidy race that would threaten the hard-fought internal market of the European Union (EU), the General Motors–Opel saga saw another twist in the tale this week, with Brussels stepping in to play referee.
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IDBI follow-on offer in January

IDBI Bank said on Friday it would come out with a follow-on public offer (FPO) in January to meet its capital needs. It also plans to raise $500 million through overseas bonds to fund Indian corporates’ expansion programmes abroad. - IDBI Bank FPO likely in January - Govt mulls PSU disinvestment piggyriding on FPOs - IDBI Bank raises $225 million loan - IDBI Bank net surges 56% to Rs 254 cr - SAIL stake sale in FY10: Steel minister - Govt asks IDBI to review mortgage arm sale decision Asked about the amount it plans to raise, CMD Yogesh Agarwal said, “The size of the issue will be double of what the government is willing to subscribe.


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