Ikya Human Capital buys Magna Infotech for Rs 100cr
Ikya Human Capital Solutions, a Bangalore-based integrated HR solutions company, has acquired Hyderabad-based IT staffing company Magna Infotech in a Rs 100-crore deal.
Results of OMO purchase auction held on January 5, 2011 - Settlement on January 6, 2011
Results of OMO purchase auction held on January 5, 2011 - Settlement on January 6, 2011
Buy Panama Petrochem; target of Rs 350: Sunidhi Securities
Sunidhi Securities is bullish on Panama Petrochem (PPL) and has recommended buy rating on the stock with a target of Rs 350 in its January 5, 2011 research report.
Hitachi Buys Out IT Services Firm Sierra Atlantic
Hitachi Consulting, an international management and technology consulting firm, has acquired venture capital-backed offshore enterprise applications and outsourced product development firm Sierra Atlantic.
India equity partners to invest $10 mn in Fourcee
Logistics continues to be a hot bet for investors. India Equity Partners, a mid-market private equity firm is investing $10 million into Fourcee Infrastructure Equipments Pvt. Ltd, a Mumbai based air freight and logistics firm, sources close to the development told VCCircle.
Battle for fame India reaches final leg
The corporate takeover battle between Inox and Reliance ADA Group has entered the final lap with media reports of Reliance managing to buy an additional 32% odd stake from minority shareholders of Fame (largely institutional investors) that takes its holding to around 44%.
Answers to the $500 mn Facebook question
Facebook has a new friend. Goldman Sachs just invested USD 450 million in the company. Digital Sky Technologies (DST), a company that already has a stake in Facebook followed through with USD 50 million. This latest round of funding pushes Facebook’s valuation to an estimated USD 50 billion.
Tyre makers buy rubber at record USD 4.69 per kg
Indian tyre makers bought natural rubber at a record Rs 212 (USD 4.69) per kg on Wednesday as sellers raised prices after a surge in the international markets, head of a dealers body told Reuters.
CIOs: Implement SaaS For Right Reasons, Warns Ovum
In a new report on the SaaS delivery of IT management capabilities, the independent technology analyst states that CIOs should only implement SaaS if it is right for their organisation and they are clear about the business outcome they want to achieve.
Infibeam.com eyes up to Rs 100cr VC funds
For starters, Infibeam.com last month launched its infrastructure platform for retailers to set up their own online storefront. It powers the online shops for kitchen appliances maker TTK Prestige Limited.
Second Liquidity Adjustment Facility : Auction Results
Second Liquidity Adjustment Facility : Auction Results
Sadbhav Engineering approves allotment of 12 lakh equity shares
Sadbhav Engineering at its meeting held on January 5, 2011 approved allotment of 12 lakh equity shares of Re 1 each against conversion of Warrant.
Coral Hub declares final dividend at 6%
Coral Hub has declared final dividend at 6% i.e Re 0.06 per share of Re 1 each for the financial period ended June 30, 2010.
BIFR considers Cimmco Birla a sick industrial company
BIFR has considered Cimmco Birla a sick industrial company.
Cox & Kings expects US, Europe acquisitions by FY-end
Travel operator Cox & Kings Ltd expects to close out acquisitions of travel firms in the US and Europe by the end of this fiscal, a senior official said on Wednesday.
RBI to raise key rates by 25 bps in January
The Reserve Bank of India (RBI) is expected to raise key rates by at least 25 basis points by the end of this month to tackle rising inflationary pressures, while analysts expect a total of 75 basis points increase in rates in 2011.
CRISIL assigns grade 3/5 to Endurance Technologies IPO
CRISIL Equities has assigned a grade of 3/5 to the proposed initial public offer (IPO) of Endurance Technologies, which indicates that the fundamentals of the IPO are average relative to other listed equity securities in India.
C Mahendra Exports IPO fully subscribed
Diamond jewellery player C Mahendra Exports ' initial public offering (IPO) has been subscribed 1.03 so far, as per data available on NSE website. The issue will close for subscription on January 06.
State Bank of Mysore revises base rate from 8.25% to 8.50%
State Bank of Mysore has revised the base rate upwards by 25 bps from 8.25% to 8.50% with effect from January 06, 2011.
State Bank of Mysore revises Prime Lending Rate to 13.50%
State Bank of Mysore has revised Prime Lending Rate upwards by 25 bps from 13.25% to 13.50% with effect from January 06, 2011.
Selan Exploration Technology allots bonus shares in the ratio 1:10
Selan Exploration Technology at its meeting held on January 05, 2011 has allotted 1,544,277 bonus shares in the ratio 1:10.
Total Exports to consider issue of equity shares
Total Exports has its Board of Directors meeting on January 12, 2011 to consider issue of equity shares.
Hitachi Consulting Acquires Sierra Atlantic
Hitachi Consulting, the provider of business and IT strategies and solutions, has acquired Sierra Atlantic, the offshore enterprise applications and outsourced product development company.
Japan needs dollar at Y90 to save jobs: Toyota
Toyota Motor Corp President Akio Toyoda said on Wednesday Japan needs the dollar to trade at a minimum of 90 yen to protect the country's jobs and remain competitive as a manufacturing power.
