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Walt Disney pays Rs 95 cr to pick up promoter stake in Indiagames
UTV Software Communciations has acquired the promoter and employee shareholding of 30.02 per cent in Indiagames — mobile and online gaming developer and publisher — for Rs 94.56 crore. Walt Disney already owns majority stake in Indiagames, as it acquired media conglomerate UTV in a Rs 2,000-crore deal in July this year. This values Indiagames at Rs 300 crore, six times its FY10 revenue

SCL shareholder nod for Sudarshan appointment

Sundaram Clayton Ltd has received its shareholders' approval for appointing 22-year-old Sudarshan Venu as director of the company. Sudarshan Venu is the son of Venu Srinivasan, chairman and

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Report: H-P bolsters defenses, hires Goldman Sachs
Hewlett-Packard is beefing up its defenses in an effort to fend off activist investors who, with enough shares, could demand drastic changes at the company, according to a published report.

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Report: H-P bolsters defenses, hires Goldman Sachs
A published report says Hewlett-Packard is beefing up its defenses in a bid to fend off activist investors who, with enough shares, could demand drastic changes at the company.

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Nominees still appointed as independent directors

Some well-known Indian firms continue to classify nominees of institutional shareholders as independent directors on their board -- a practice opposed by the Institute of Company Secretaries of

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Cairn shareholders approve govt riders, firm to seek ONGC nod
Cairn India on Wednesday got shareholders’ nod for acceptance of government conditions, setting the stage for the completion of a transfer of its majority stake to mining MNC Vedanta Resources.

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