British Salt is UK's leading manufacturer of pure dried vacuum salt products. The main uses of these salt products are as Water softeners, in chemical industry, food processing etc. In UK, it enjoys a comfortable 50% market share. It is based in Middlewich, Cheshire and has a production capacity of at least 7.20lac tones a year. Tata Chemicals on the other hand is a Tata Group company based in Mumbai. Tata Chemicals had acquired 100% stake in US based General Chemical Industrial Products (GCIP) for $1.05billion (Rs. 4000cr) earlier in 2008 and became world's second largest maker of Soda Ash.
Tata Chemicals' UK subsidiary Brunner Mond has signed a binding agreement to acquire 100% stake of British Salt Ltd for Rs.650cr on 20th Dec 2010. The acquisition is financed through debt by Tata Chemical on a non recourse basis. This deal adds one more milestone in Tata Group's string of cross border acquisition.
India's Airtel weds Kuwait's Zain in Africa - 8th June 2010
Zain Group is a mobile telecommunication company founded in 1983 in Kuwait. Zain had presence in more than 20 countries in Africa and Middle East. Bharti Airtel Limited (Airtel), 5th largest telecom operator in the world, is the popular Indian telecommunication company that operates in more than 15 countries. It enjoys 29% market share in GSM mobile service in India.
On the above mentioned date, the largest ever telecom takeover by an Indian firm was successfully accomplished. Airtel has bought Zain's business in 15 African countries for $10.7billion. Soon after the deal, in August, Airtel announced to acquire Seychelles for Rs.288cr and expand its footprint in Africa to 16 countries.
ICICI Bank and Bank of Rajasthan - 23rd May 2010
ICICI Bank is the second largest bank in India and the largest private sector bank in India by Market Capitalization. It has branches and representative offices in 19 countries. ICICI Bank has an asset base of Rs3.63 trillion and posted a net profit of Rs4, 025 crore in 2010. Bank of Rajasthan (BoR) was setup at Udaipur in 1943. BoR has 463 branches and 111 ATMs. BoR's asset base was Rs17, 224 crore and in first nine months of fiscal 2010, its net loss was Rs9.82 crore.
Powered by a 2.0-liter diesel engine, the SUT 1 has a relatively low CO2 emissions level for a pick-up truck - 193 grams of CO2 per kilometer for the rear wheel-drive model with a manual transmission. The engine delivers 155-horsepower and 360 Nm (265.5 lb-ft) of torque from 1,500 rpm, with a low end value of 190 Nm (140 lb-ft).
As with the Actyon Sports, the SUT 1 will be available with either rear- or all-wheel-drive and with six-speed manual or automatic transmissions. Details about load capacity only refer to the deck having an area of 2 square meters (21.5 sq. ft).
