EPAM Systems Inc — a New York Stock Exchange-listed company that provides product development and software engineering solutions — has acquired US-based software product development services and test automation...
IDFC : Moving up the value chain
A 1994 report from Department of Economic Affairs, Ministry of Finance found a lack of specialised financial intermediaries offering funds for infrastructure projects. This lead to the birth of IDFC Limited (IDFC) on...
Former UTIMCO executive joins venture firm Foundry Group
Dec 9 A former top executive at one of the nation’s largest university endowments is joining a venture-capital fund he championed. Lindel Eakman, who left his job running private-market investments at the $35...
KKR in the lead to acquire U.S. retailer Mills Fleet Farm: sources
Buyout firm KKR & Co (KKR.N) is in the lead to acquire U.S. outdoor retailer Mills Fleet Farm for more than $1.2 billion, including debt, according to people familiar with the matter, defying a slowdown in private...
North Dakota confirms Lime Rock as buyer of Occidental’s Bakken acreage Read more at Reute
North Dakota’s oil regulator on Wednesday identified Lime Rock Resources as the buyer of Occidental Petroleum Corp’s (OXY.N) North Dakota oil operations, confirming what Oxy’s executives had yet to...
Dow-DuPont merger to create Rs 11,600-crore chemical giant in India
The merger between Dow Chemical and DuPont will create a Rs 11,600-crore speciality chemicals giant in India that will take on the likes of BASF in chemicals and Syngenta and Monsanto in agrochemicals. Dow Chemical in...
Reliance Jio may look to buy smaller telecom companies for more wavelength
MUMBAI: Reliance Jio Infocomm, which is set to start 4G services later this month, will look to acquire smaller telecom companies to gain market share and compete with incumbents, a senior executive said, signalling a...
Asian Paints consolidates investments in overseas units
NEW DELHI: Asian PaintsBSE 1.15 % on Wednesday said its overseas subsidiary Asian Paints (International) Limited (APIL), Mauritius, has transferred its entire holding in Asian Paints (Vanuatu) Limited to Singapore-based...
Yahoo reverses course on plan to spin off Alibaba stake
Yahoo Inc (YHOO.O) shelved plans to spin off its stake in Chinese e-commerce giant Alibaba Group Holding Ltd (BABA.N) on Wednesday, under pressure from activist investors worried about billions of dollars in taxes, and...
HeyBiz secures seed funding from ShopClues
HeyBiz, a Delhi-based real-time shopping assistant app, has raised an undisclosed amount in a seed funding round from managed marketplace ShopClues. The investment from ShopClues will be utilised for enhancing the...
V-Guard on acquisition spree with Rs 500 crore kitty
KOLKATA: Kerala-based VGuard Industries, one of the larger players in the inverter, water heater and pump segments, is looking for acquisitions and is ready to spend up to Rs 500 crore as it seeks to expand outside...
Fairfax India hikes stake in IIFL Holdings to 31%
Fairfax India Holdings, owned by Canadian billionaire Prem Watsa, has increased its stake in IIFL Holdings to almost 31 per cent, making it the biggest shareholder of the financial services firm. Fairfax acquired 21.85...