The Hinduja group is close to announce the acquisition of US-based chemical firm Houghton International for close to $ 1.1 billion. The deal could be announced any time as most of terms have been cleared between the two parties, a top official said.

Hinduja group set to buy Houghton Intl for $1.1 bn

Business Standard

At age 68, Nusli Wadia says he is still in the &ldquo;driver&rsquo;s seat&rdquo; in the Rs 10,000 crore Wadia Group, as age is irrelevant as long as a person can add value. The man, who has been called a corporate Samurai for his many battles in the past, thinks it&rsquo;s an unfair label given to him by media as he has &ldquo;never entered into any dispute unless he felt wronged&rdquo;.

I chose not to manipulate the system: Nusli Wadia

Taking advantage of the government&rsquo;s move to open the retail sector to foreign players, private equity major Actis has opened talks with global retail biggies such as 7-Eleven, Lawson and Tesco to sell its 40 per cent stake in South India-based retail company, Nilgiris.

Actis in talks with Tesco, 7-Eleven for Nilgiris stake sale

Indian Hotels, which operates the Taj chain, termed its surprise $1.87-billion offer for the luxury hotel chain, Orient-Express, as &ldquo;friendly&rdquo;, but its Bermuda-based takeover target said the offer was &ldquo;unsolicited&rdquo;, and promised to respond accordingly.

Tatas call Orient-Express offer friendly

Holcim&rsquo;s plan to charge two per cent of revenues as royalty from subsidiaries ACC and Ambuja Cement has hit a roadblock, as independent directors of Ambuja Cement have sought details of the technology transfer involved. The proposal was taken up by the board at its quarterly-results meeting last week but a decision was postponed till an independent consultant gave its report, a source close to the development said.

Independent directors raise red flag on Holcim royalty

Gautam Adani, the chairman of Adani Group, has faced many challenges in his 20-year meteoric rise that propelled his company into one of India&rsquo;s biggest industrial groups. Yet, the recent spate of bad news has already shaken the confidence of his investors.

Gautam Adani faces his toughest test ever

Nusli Wadia, chairman of the Wadia group of companies, has drawn up a succession plan under which Nowrosjee Wadia &amp; Sons will become the group&rsquo;s holding company and his younger son Jeh Wadia, 38, will steer the group in future.

Dev Chatterjee