The founders of Mindtree on Monday lost their last line of defence against L&T’s takeover bid as Nalanda Capital sold its entire 10.6 per cent stake in the Bengaluru-based firm to the engineering major. Sources said...
TCS hikes stake in Japanese JV to 66% with $32.6 million investment
Global IT company Tata Consultancy Services (TCS) on Monday announced a 15 per cent increase in its stake in TCS Japan, its joint venture (JV) with Mitsubishi Corporation (MC), with an investment of JPY3.5 billion ($32...
Tech Mahindra signs multi-year pact with Airbus
Software and business re-engineering services firm Tech Mahindra on Thursday announced signing of a multi-year contract with Airbus for cabin and cargo design engineering. “Airbus is a strategic customer and...
Hungarian IT firm 4iG eyes acquisitions to expand: CEO
Hungarian information technology firm 4iG plans to grow through debt-fueled acquisitions in the central European region, its CEO and largest shareholder Gellert Jaszai told Reuters on Wednesday. Jaszai took control of...
IBM to win unconditional EU okay for $34 billion Red Hat deal: sources
U.S. tech giant International Business Machines Corp is set to secure unconditional EU approval for its $34 billion bid for software company Red Hat, people familiar with the matter said on Wednesday. IBM is seeking to...
Cognizant to acquire Zenith Technologies for IoT strength
Cognizant said it would acquire Zenith Technologies for an undisclosed value to strengthen its internet of things (IoT) capabilities and gain life sciences domain expertise. This is the first acquisition announced by...
Hexaware acquires US-based Mobiquity in $182 million cash deal
IT services company Hexaware Technologies Ltd on Friday said that it has acquired US-based digital services company Mobiquity for $182 million in an all cash deal, the company said in an exchange filing. With a global...
Salesforce to acquire Tableau for $15.3 bn
Salesforce.com Inc on Monday decided to buy big data firm Tableau Software Inc for $15.3 billion, marking the biggest acquisition in the company’s history as it looks to offer more data insights to its clients...
Google to buy analytics software firm Looker for $2.6 billion
Alphabet Inc’s Google said on Thursday it would buy Looker, a privately held big-data analytics company, for $2.6 billion in cash, in the first major acquisition for new Google Cloud Chief Executive Thomas Kurian...
L&T buys 25,000 more shares of Mindtree; raises stake to 28.9%
Infrastructure major Larsen and Toubro on Thursday acquired 25,000 equity shares of Mindtree Ltd, taking its total holding to 28.9%, as per a regulatory filing. The shares were purchased at ₹971.03 apiece from the open...
Wipro to acquire US-based ITI for around ₹312 crore
IT major Wipro on Wednesday said it will acquire US-based International TechneGroup Incorporated for $45 million (around ₹312 crore). International TechneGroup Incorporated (ITI) provides Computer Aided Design and...
Tech Mahindra, Cisco collaborate to improve digital network offering
Mumbai-based IT services company Tech Mahindra (TechM) has leveraged its long-standing partnership with global networking company Cisco to deploy Cisco Digital Network Architecture (DNA) at its Hyderabad campus. With...
