2. Fortis Global to buy HK's Quality Health for Rs 882 cr Fortis Global Healthcare Holdings will acquire the healthcare businesses of Hong Kong-listed Quality Healthcare Asia (QHA) for an aggregate consideration of around Rs882 crore. Fortis Global Healthcare will acquire five subsidiaries of QHA. However, the elderly healthcare businesses of QHA will not be part of the deal. The acquired businesses comprise a network of over 60 wholly-owned medical centres, over 500 affiliated clinics, over 40 dental and physiotherapy centres and a private nursing agency with a database of over 3,000 nurses.
3. Continued……….. The consideration of the transaction shall be an amount in cash equal to the aggregate sum of HK $1,521 million (the bid value) and the base working capital (HK $20 million). The five subsidiaries of QHA to be acquired by Fortis Global Healthcare are:
4. Godrej Consumer merges Godrej Household Products with itself Personal care products maker Godrej Consumer Products Ltd has approved merging its unit Godrej Household Products Ltd with itself. The merger has been effective since April 1, 2010. Following the acquisition, Godrej Consumer has become the largest homegrown household and personal care company in India and second largest household insecticides company in India. The firm's board has also approved merging its South African unit Kinky Group into another South African unit Rapidol Ltd.
5. Nokia Siemens, Ericsson to help Vodafone’s 3G rollout Sweden’s Ericsson and Finland-headquartered Nokia Siemens Networks will roll out 3G networks for Vodafone Essar. Vodafone gave a three-year contract estimated at $500 millionto the gear manufacturers who are also the company’s existing equipment vendors. Nokia Siemens Networks will implement and manage Vodafone’s 3G networks in Tamil Nadu, Gujarat, Maharashtra, Uttar Pradesh (East), rest of West Bengal and Haryana
6. Continued…….. While Ericsson will cover the high-density metros of Mumbai, Delhi and Kolkata. With the implementation of the 3G roll out, more than 113.8 million Vodafone users will be able to avail high-end services such as video calling, interactive gaming and high-speed internet on mobile phones by late December. Bharti Airtel gave a 3G network rollout contract to Ericsson India , Nokia Siemens Networks and Huawei Technologies , estimated by the industry to be around $700 million.
7. ZF Hero in talks with Suzuki, Honda to supply parts in India ZF Hero Chassis Systems , a joint venture between Hero Motors and Germany's auto component major ZFis in talks with Suzuki and Honda to supply components in India. The company, which currently supplies axle assembly to General Motors India, also said it will be investing Rs 100 crore to set up a new plant as part of an expansion strategy in India. The company currently has a production capacity of about 50,000 tones annually from its two existing locations. The new plant will increase it by up to 70 per cent .
8. Continued….. Hero Motors provides engineering services for the automotive industry, including development and design, and also produces chassis components, including axle systems. ZF on the other hand, is a leading worldwide automotive supplier for driveline and chassis technology.
9. Hyundai launches luxury SUV Santa Fe Hyundai Motor India, country's second largest car manufacturer has launched its luxury SUV Santa Fe, priced between Rs 20.95 lakh- Rs 22.95 lakh. The SUV will be available with 2.2 L engine and six speed manual transmission, with an option of 2-wheel and 4-wheel drive. As per the company, this diesel vehicle has mileage of 14.66 km per litre.
10. Sony unveils TVs with Google's Web-surfing system Sony's lineup of sleek televisions with Google's Web-surfing system will go on sale this week. The high-definition sets unveiled by Sony have LCD screens ranging from 24 inches to 46 inches. Prices range from $600 to $1,400. Sony's price for its Google TV sets is $200 to $400 higher than comparable TVs without the highly touted software.