Which UK firm did Dr Reddy's buy in 2002?

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Wrong! The correct answer is BMS Laboratories.
Dr Reddy's Lab, in April 2003, acquired two small British generic drug companies -- BMS Laboratories and its subsidiary Meridian Healthcare -- for £9 million ($12.7 million). It was Dr Reddy's first overseas acquisition. With this acquisition, the pharma major ventured into the European market, which it was eyeing for some time.

Correct!
Dr Reddy's Lab, in April 2003, acquired two small British generic drug companies -- BMS Laboratories and its subsidiary Meridian Healthcare --for £9 million ($12.7 million). It was Dr Reddy's first overseas acquisition. With this acquisition, the pharma major ventured into the European market, which it was eyeing for some time.

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Wrong! The correct answer is 4.
Wipro Technologies has made four acquisitions till date spanning a wide range of service lines. In Business Process Outsourcing and call centres, it snapped up Spectramind for over $5 million. Its other acquisitions include American Management Systems, a company with expertise in niche products and services, for $26 million, Ericsson's research and development unit for an undisclosed amount and Nervewire for $18.7 million.

Correct!
Wipro Technologies has made four acquisitions till date spanning a wide range of service lines. In Business Process Outsourcing and call centres, it snapped up Spectramind for over $5 million. Its other acquisitions include American Management Systems, a company with expertise in niche products and services, for $26 million, Ericsson's research and development unit for an undisclosed amount and Nervewire for $18.7 million.

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Wrong! The correct answer is Pioneer ITI.
The largest buyout in the domestic mutual fund industry it catapulted Franklin Templeton to the number one position - both in terms of equity and debt funds - at $ 1.7 billion. Templeton bought the company after pipping its nearest rivals Prudential of the US and American Insurance Group (AIG). Franklin Templeton then had assets of more than Rs 4,000 crore (Rs 40 billion) in India spread over 10 funds, while Pioneer ITI had assets of over Rs 4100 crore (Rs 41 billion).

Correct!
The largest buyout in the domestic mutual fund industry it catapulted Franklin Templeton to the number one position - both in terms of equity and debt funds - at $ 1.7 billion. Templeton bought the company after pipping its nearest rivals Prudential of the US and American Insurance Group (AIG). Franklin Templeton then had assets of more than Rs 4,000 crore (Rs 40 billion) in India spread over 10 funds, while Pioneer ITI had assets of over Rs 4100 crore (Rs 41 billion).

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Wrong! The correct answer is Flag Telecom.
In its first overseas acquisition, the Reliance group bought the US-based Flag Telecom for $211 million (roughly Rs 950 crore). The Flag acquisition is so far the largest overseas acquisition by any Indian company. Reliance will get access to Flag's customers, numbering over 180 and who are among the world's leading telecommunications and Internet companies. Reliance had initially offered $207 million for Flag but weeks later raised its offer to $211 million when Pivotal, a private equity investor, put in a higher bid of $220 million. Despite a third bid, Flag chose to go with Reliance.

Correct!
In its first overseas acquisition, the Reliance group bought the US-based Flag Telecom for $211 million (roughly Rs 950 crore). The Flag acquisition is so far the largest overseas acquisition by any Indian company. Reliance will get access to Flag's customers, numbering over 180 and who are among the world's leading telecommunications and Internet companies. Reliance had initially offered $207 million for Flag but weeks later raised its offer to $211 million when Pivotal, a private equity investor, put in a higher bid of $220 million. Despite a third bid, Flag chose to go with Reliance.

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Wrong! The correct answer is Bank of Madura.
In March 2001, Bank of Madura merged with ICICI Bank to turn the later into India's largest private sector banks with combined assets of Rs 17,327 crores (Rs 173.27 billion) and total deposits of Rs 13,460 crores (Rs 134.6 billion) as on December 31, 2000.

Correct!
In March 2001, Bank of Madura merged with ICICI Bank to turn the later into India's largest private sector banks with combined assets of Rs 17,327 crores (Rs 173.27 billion) and total deposits of Rs 13,460 crores (Rs 134.6 billion) as on December 31, 2000.