IT major HCL Technologies on Saturday said its shareholders have approved the scheme for merger of four of its subsidiaries, including HCL Comnet, with itself. “The meeting of equity shareholders of HCL...
McDermott International gets takeover interest for its Lummus Technology unit
McDermott International Inc said on Friday it received takeover interests for all or part of its technology business that could value the unit at over $2.5 billion, sending its shares up about 66% in morning trade. The...
Palantir to seek at least $26 billion valuation in fundraising – sources
Palantir Technologies Inc is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics start-up in four years, people familiar with the matter said...
HCL Technologies acquires Sankalp Semiconductor for ₹180 crore
Noida-based HCL Technologies Limited (HCL), has acquired Sankalp Semiconductor (Sankalp) for ₹180 crore. Sankalp is an advanced technology design services provider offering comprehensive digital & mixed signal SoC...
Tech Mahindra secures large multi-year AT&T deal to accelerate IT network
Mumbai-based software services large-cap Tech Mahindra (TechM) on Thursday announced a strategic and possibly largest-ever deal with leading American network operator AT&T. This deal will accelerate AT&T’s...
Birlasoft working on stabilising structure after merger with KPIT
Birlasoft is working on stabilising its structure after merging with KPIT, said CEO Dharmender Kapoor. “That’s my first priority… it is a matrix structure that we have,” he said. The two companies underwent...
Infosys closes Rs 8,260-cr buyback offer, takes back 11.05 cr shares
IT major Infosys has bought back 11.05 crore of its shares under its Rs 8,260-crore buyback offer that began in March this year. “…The company bought back 11,05,19,266 equity shares at an average price of Rs...
Tech Mahindra divests 73.38% stake in subsidiary FixStream Networks
Software major Tech Mahindra on Sunday announced the divestment of 73.38% stake in its subsidiary FixStream Networks Inc to US-based Resolve Systems LLC for $2 million (approx ₹14.22 crore). “…In terms of...
VMWare in talks to buy Pivotal Software; both controlled by Dell
VMware Inc and Pivotal Software Inc are negotiating a deal for VMWare to acquire Pivotal, according to a regulatory filing from Dell Technologies Inc on Wednesday, valuing Pivotal, a maker of software development and...
Tech Mahindra to pay $70 million for 65% stake in Mad*Pow
IT company Tech Mahindra will pay USD 70 million (about Rs 490 crore) to acquire 65 per cent stake in US-based strategic design consultancy firm Mad*Pow. “We are buying 65 per cent upfront and for that 65 per cent...
Salesforce to buy Israel’s ClickSoftware for $1.35 billion
U.S. cloud-based service provider Salesforce (CRM.N) agreed to buy U.S.-Israeli software developer ClickSoftware for $1.35 billion in cash and shares, in a bid to accelerate growth of its cloud-based products to manage...
Tech Mahindra acquires US design firm Mad*Pow
IT firm Tech Mahindra Tuesday said it has acquired US-based strategic design consultancy firm Mad*Pow. The company however did not disclose the deal size. “Mad*Pow’s acquisition is in sync with Tech...
