Hinduja TMT buys US BPO co AFFINA Hinduja TMT has acquired a US-based BPO company, AFFINA, as part of its move to grow the BPO business and substantially expand the number of employees. HTMT is also in talks to buy a...
Starbucks acquires control of China JV
Starbucks acquires control of China JV US coffee giant Starbucks Corp has taken control of a Chinese joint venture partner in a move to facilitate expansion in one of the world’s fastest growing markets, the...
Carrier Corp merges AC, refrigeration businesses
Carrier Corp merges AC, refrigeration businesses Carrier Corporation on Thursday, announced the merger of its two Indian subsidiaries Carrier Aircon, which is in the airconditioning business with Carrier Refrigeration...
Ipca Labs picks up 10% stake in Mangalam Drugs
Ipca Labs picks up 10% stake in Mangalam Drugs Mumbai-Based Ipca Labs has picked up a little over 10% equity in Mangalam Drugs and Organics, a small-sized bulk drugs and chemicals company. According to information...
Wipro to buy Planet One arms
Wipro to buy Planet One arms The $2.39 billion Wipro Infotech is set to acquire 3D Networks and Planet PSG in an all-cash deal. The deal includes an upfront cash payment of $23 million on closure of the transaction and...
ChrysCap buys 5% in Idea for Rs 550 cr
ChrysCap buys 5% in Idea for Rs 550 cr Private equity major Chrys Capital is believed to have invested Rs 500-550 crore in Idea Cellular. With Idea Cellular’s valuation pegged at Rs 10,000-12,000 crore, Chrys...
Wipro buys 3D Networks for $73 mn
Wipro buys 3D Networks for $73 mn Wipro Infotech announced on Thursday it had signed an agreement to acquire the West Asia and SAARC operations of 3D Networks and Planet PSG in an all-cash deal. The agreement includes...
Govt puts BSNL, MTNL merger on backburner
Govt puts BSNL, MTNL merger on backburner It Is now official. The proposed merger of state-owned telecom service providers — BSNL and MTNL — is being put in cold storage, and is unlikely to happen in the...
Indian Airlines to hive off cargo arm
Indian Airlines to hive off cargo arm Hive-off to take place after the merger between Indian Airlines and Air-India. The proposed cargo operations of state-run Indian Airlines will be hived off into a separate company...
Citigroup ups stake in Aztecsoft
Citigroup ups stake in Aztecsoft Citigroup Global Markets (Mauritius) Pvt Ltd has recently increased its stake in software firm Aztecsoft to 6.87 per cent from the earlier 2.42 per cent. Citigroup acquired about 19.62...
Videocon to buy Daewoo Elec
Videocon to buy Daewoo Elec Videocon Industries Ltd, with its consortium partner Belgium-based holding company RHJ International, has inked a deal to acquire Daewoo Electronics Corporation, Korea’s third largest...
LKB employees give nod to merger with CBoP
LKB employees give nod to merger with CBoP Concluding their month-long strike in Kerala, employees of the Lord Krishna Bank (LKB), on Wednesday gave their consent to the bank’s proposed merger with Centurion Bank...
