The Volvo Group and HCL have signed a Letter of Intent, awaiting the signing of the final contract, Volvo Group said in a statement from Stockholm.
Shares of Infosys today rose 1.63 percent at Rs 1112. BSE IT index was up 1.2 percent and the Sensex 0.5 percent.
Shares of HCL Technologies were trading at Rs 846.95 apiece, up 0.55 per cent from their previous close on BSE.
The company said this acquisition is part of its strategy to "bring next generation data analytics solutions to the oil and gas industry".
The new group would combine AB InBev's Budweiser, Stella Artois and Corona lagers with SABMiller's Peroni, Grolsch and Pilsner Urquell.
As per the terms of a Corporate Debt Restructuring (CDR) package, the company had to reduce its debts through sale of assets
Vankor, which started production in 2009, holds recoverable reserves of about 500 million tonnes
By combining with Altera, Intel will be able to bundle its processing chips with the smaller company's programmable chips, which are used, among other things, to speed up Web-searches.
The transaction will be financed by a combination of internal accruals and debt financing
The company said the partnership will help both the companies jointly develop products
Many large global investment banks have stayed away from work in the emerging sector though due to the relatively small deal sizes.
E-commerce company Snapdeal has acquired mobile recharge firm FreeCharge in a deal that is being touted as the the largest buyout so far in the Indian start-up space.
Founded in 2013, GoJavas is an Indian supply chain solution provider that serves around 30,000 consumers per day in 85 cities.
Online marketplace major Snapdeal is in talks to acquire logistics firm GoJavas in a deal estimated to be about Rs 150-200 crore, as it looks to further strengthen its delivery operations in the country.
Drug major Lupin has inked a pact to acquire an additional 40 percent stake in South Africa's Pharma Dynamics, taking its holding in the company to 100 percent. Lupin had earlier acquired 60 percent stake in the South African (SA) firm in September, 2008.
The acquisition of Exclusively is similar to that of Snapdeal's rival Flipkart acquiring online fashion retailer Myntra for an estimated Rs 2,000 crore deal in May 2014, marking it the biggest consolidation in the domestic e-commerce space and the deal comes at a time when others in the e-tail sector are expanding their presence acquisition of firms in niche categories.
Shanghvi, India's second-richest man, will pay Rs 1,800 crore through Dilip Shanghvi Family and Associates (DSA) for 100 crore new shares in Suzlon, issued by way of a preferential allotment.
Shares of Pipavav Defence & Offshore Engineering surged over 16 percent in morning trade as reports said that Mahindra & Mahindra is planning to buy around 25-30 percent stake in the company for an aggregate amount of Rs 3,000 crore in a three phase deal.
The Mirach Capital Group chief did not agree that his firm had to do anything with the deal not working out smoothly.