Current NEWS

1) Wipro bought Citi Tech for $ 127 Million.
2) Piramal healthcare has acquired New York based Minrad International, a manufacture of generic inhalation an aeaesthetics drugs for $ 40 million ( Rs 195 crore) to become one among the top three players in the $ 1 billion global inhalation an aeaesthetics market.
3) World bank bars Satyam for 8 years, scrip tanks 13.5% on rumours.
4) Coca cola was scolded by FDA( Food and Drug Administration) for placing inappropriate nutritional claims on its Diet Coke Plus soft drink. he Food and Drug Administration issued a warning letter to the company, objecting to the product's labeling, which describes the drink as "Diet Coke with Vitamins and Minerals." Regulators said the beverage does not have enough nutrients to justify the use of the word "plus" in its name. According to the agency, foods labeled "plus" must have at least 10 percent more nutrients than comparable products. Additionally, the FDA said it is inappropriate to add extra nutrients to "snack foods such as carbonated beverages."

5) Idea Cellular Ltd said on Monday that it will build on the current 14 lakh subscriber base of Spice in Karnataka, and introduce its complete range of mobile telephony products and services for existing subscribers, and other mobile users and intenders in the State.

top 10 merger and acquisition in 2008
Acquirer was Daiichi Sankyo Co, target was Ranbaxy laboratories Sector Healthcare
Acquirer was HDFC bank target was Centurion bank of Punjab Sector Banking
Acquirer was TATA Motors target was Jaguar & Land Rover Sector Automobile
Acquirer was NTT DOCOMO target TATA Teleservice Ltd. Sector Telecom
Acquirer was Telenor ASA target Unitech Wireless Sector Telecom
Acquirer was Oil & Natural Gas target was Imperial Energy PLC sector Oil and Gas
Acquirer was GMR Infrastructure target was interGev NV sector power and energy
Acquirer was TATA Chemical target General Chemical Industry Products sector Plastic &
Chemicals
Acquirer was Emirates Telecom target Swan Telecom sector Telecom
Acquirer was HCL Technologies target Axon Group plc sector IT & ITeS