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India News on June 12, 2013

Apollo Tyres to Acquire Cooper Tire & Rubber Company
Apollo Tyres Ltd (NSE: ApolloTYRE) and Cooper Tire & Rubber Company (NYSE: CTB) today announced the execution of a definitive merger agreement under which a wholly-owned subsidiary of Apollo will acquire Cooper in an all-cash transaction valued at approximately $2.5 billion Business Wire India

IDFC Becomes the First Indian Financial Institution to Join the Equator Principles Association
IDFC Limited announced its adoption of the Equator Principles, an internationally accepted credit risk management framework for determining, assessing and managing environmental and social risk in Project Finance transactions. “We are delighted and proud to be the first signatory to the Equator Principles from India Business Wire India

Mindteck Board Member Role Expanded
Yusuf Lanewala fills role vacated by Wayne Berkowitz Mindteck (India) Limited (BSE: MINDTECK), a global technology and talent consulting company, today announced that Mr. Yusuf Lanewala, a current member of the Board of Directors, will serve as CEO and Managing Director until such time that the Board identifies and appoints a person to fill the role vacated by Mr Business Wire India

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