Blackstone India has entered into a definitive agreement with Hewlett Packard to buy a majority stake in Mphasis Limited, the private-equity firm announced this morning.
Blackstone Group LP is nearing a deal to acquire HP Inc's controlling stake worth about USD 940 million in Indian IT outsourcing services provider Mphasis Ltd, according to three sources directly involved in the deal.
Persistent Systems on Friday said it has acquired RGEN Solutions through its US subsidiary for an undisclosed amount
Homegrown IT/ITeS firm Mphasis is looking to hive off its domestic business process outsourcing (BPO) into a separate arm while it explores the option of selling it.
The current selection process for the FY14 -15 stands cancelled. So the posts of eight CMDs and fourteen EDs remain vacant with immediate effect.
RBI has appointed three new EDs including MD Patra, KK Vohra and G Mahalingam. With these appointments RBI will have 11 new EDs as opposed to eight.
Electronic Data Systems (EDS) that holds 60 percent in MphasiS and is the subsidiary of HP, has been looking out for prospective buyers. Talks of a possible sale have been taking place since three years and the company has invited bids for selling its stake.
The long wait came to an end for the short-staffed public sector banks. The ministry of finance, department of financial services, on Monday finalized seven names in one-go for the post of executive directors (EDs) to fill up the vacancies across banks.