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Quona Capital closes $332 million fintech fund to invest in emerging markets

In India, Quona Capital sees an opportunity to invest in fintech infrastructure, embedded and verticalised finance as well as insurtech.

To cut healthcare costs, US must partner India: Biocon's Shaw

Biocon Chief Kiran Mazumdar Shaw says India is not an outsourced services country anymore, it is an innovation and knowledge partner.

Cyient signs pact to acquire UK-based Blom Aerofilms

According to a statement issued by Cyinet (formerly Infotech Enterprises Limited), the revenue of Blom stood at 6 million pounds during the last calendar year.

Cisco Q2 net up 31% helped by India, China

The US-based firm saw its revenues grow two per cent to USD 11.8 billion (excluding SP Video CPE Business for all periods) in the quarter under review, helped by 23 percent growth in markets like India and China (64 percent)

Merck Millipore bets big on India amid regulatory concerns

Indian drug makers are finding themselves under the gun as run-ins with global drug regulators are on the rise. This is being seen as a golden opportunity by Merck Millipore, the life sciences division of German drug maker Merck, which also works on setting up high quality drug manufacturing processes, reports Archana Shukla.

Infosys to increase focus on N America, EMEA with Finacle

Country's second largest software services firm Infosys is increasing its focus on geographies like North America and EMEA region to drive growth of its core banking solution Finacle.

MphasiS Q3 net dips 8% to Rs 192.6cr on wage hike

The Hewlett Packard-owned company posted a net profit of Rs 208.7 crore during the same quarter last year, MphasiS said in a statement here. MphasiS follows a November-October financial year.

iGate bags $100m deal from MetLife

Outsourcing company iGate Corporation today said it has bagged a major five-year contract worth over USD 100 million (about Rs. 598 crore) for providing global infrastructure services for insurance major MetLife.

Wipro named major player in IDC MarketScape

Wipro Ltd, a leading Global Information Technology, Consulting and Outsourcing company, today announced that market intelligence and advisory services firm, IDC has named the company a "Major Player" in its IDC Energy Insights MarketScape.

Relax! India will outperform by year-end: Credit Suisse

"Personally, my own strategy is to buy the dips. So with recent correction, we actually are highlighting India now as one of the four cheapest markets in the region," Sakthi Siva of Credit Suisse told CNBC-TV18 in an interview.

Spain aid-request by mid-Nov; EMEA is favourite: SocGen

Benoit Anne, MD, head-EM strategy, Societe Generale explains to CNBC-TV18 that expects Spain to request for aid at the next EU summit scheduled to be held in mid-November. Benoit Anne adds that the EMEA (Europe, Middle East and Africa) markets top his list markets to invest in.

JP Morgan says Asia Chairman and CEO Abdelnour to quit

JP Morgan's most senior banker in Asia-Pacific, Gaby Abdelnour, will quit this summer to pursue personal interests, according to a memo obtained by Reuters.

Global PC shipments up 3.2% in Q3, tablets hit sales

Global shipments of personal computers grew by 3.2% to 91.8 million during the third quarter of the 2011 calendar year, according to market research firm Gartner.