FDI inflow rises

New Delhi, Dec. 20: India’s FDI inflows have recorded an over three-fold jump in October to $1.7 billion from $0.412 billion in the same month last year. Commerce minister Kamal Nath said FDI inflows during April-October this fiscal were to the tune of $6.1 billion compared with $2.6 billion during the corresponding period of the previous year.

Marico pact

Mumbai, Dec. 20: Marico has entered into a strategic alliance with the Cairo-based Pyramids Group for HairCode, which is a leading brand in the Egyptian hair care market.

Gitanjali buy

Mumbai, Dec. 20: Gitanjali Gems has acquired Samuels Jewelers Inc, a jewellery chain in the US. It has acquired 97 per cent stake in the retailer. The acquisition will be financed through internal accruals and proceeds of the recently concluded $110-million FCCB.

Four Soft

Hyderabad, Dec. 20: Four Soft has acquired Denmark-based Transaxiom Holdings. The transaction value would be approximately $10 million in a cash-and-stock deal with the payouts taking place over the next three years based on performance.

Carrefour

New Delhi, Dec. 20: The government has not yet received any formal application from retailer Carrefour to establish its presence in India, commerce and industry minister Kamal Nath said.