Richest Indian Gautam Adani's group, which has grown on acquisitions, has fairly solid fundamentals but debt-funded future acquisitions can start putting pressure on ratings, S&P Global Ratings said on Thursday. Starting out as a commodities trader in 1988, the Adani group has diversified from mines, ports and power plants into airports, data centres and defence. It recently forayed into the cement sector with a $10.5 billion acquisition of Holcim's India units and is also looking to set up an aluminium factory. Most of this expansion has been funded by debt.
The surge in these manipulative activities, known as 'pump-and-dump' in market parlance as they involve sudden sale of shares after creating huge volumes with significant buying activities, has been noticed by Sebi's Data Warehousing and Business Intelligence System.
The Indian IT sector is increasingly preferring candidates with expertise in niche areas like mobile technology, data analytics and SAP over others.
As more organisations across sectors awaken to the far-reaching benefits of having skilled data professionals on board, the demand is projected to grow by 28% by 2026, notes Subramanyam Reddy, founder and CEO, KnowledgeHut, a global edtech firm.
IT services provider Satyam Computer Services Limited is setting up a 15-acre campus at Cyber Jaya, the IT hub of Malaysia, which is expected to be operational by this year end, said Prasenjit Kundu, head (global solutions centre in Malaysia), Satyam.
Teledata Informatics Ltd on Tuesday said it has acquired US-based Alpha Soft Services Corporation through its subsidiary.
Wipro, HCL in race for Sebi's fraud detection system upgrade,
California-based Informatica Corp, a leading worldwide provider of data integration and business analytics software, on Thursday opened its India Research and Development Lab in Bangalore.
Supply chain management firm TAKE Solutions has acquired US-based consulting company 4BSoft for $ 1million in an all-cash deal.
Technology-enabled business solutions firm Take Solutions on Monday announced the acquisition of New Jersy-based data warehousing and business intelligence company cliMetrics for $3 million in a stock-cum-cash deal.
HR guru Mayank Rautela has some suggestions.
'We look forward to providing great customer experiences in India.'
Ddata analysts at the fresher level are drawing an average annual salary of Rs 7 lakh as against Rs 3.2 lakh for software engineers.
With the advent of new banks, IT firms will get boostto their businesses.
The I-T department expects that some more revenue would be garnered.
Under new government, tax office to explore ways to reduce disputes.
Under the new system, put in place as per recommendations of an independent consultant, this 12-month target would apply to all the cases where an investigation has been initiated this year onwards, Sebi Chairman U K Sinha said.
IT companies see this as a huge opportunity.
Microsoft India's chairman Bhaskar Pramanik tells Business Standard how India will be at the forefront of the company's 'mobile first, cloud first' strategy.
Gavin DSouza who scored 99.49 percentile in CAT 2013 tells us how he cracked the test.
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