The company expects around $40 million annualised revenue from the acquisition but declines to share financial details of the deal.
Vikram Bakshi, who controls 50% in JV and was MD, weighs legal options
Govt rules out controls on FII capital as Sensex tanks 3.97%, rupee breaches 62 intra-day & gold surges the most in two years
Investor forum wants govt to take over exchange, raises doubts on claims of matching stocks; NSEL says default by brokers to be dealt with legally.
After National Spot Exchange Ltd (NSEL) this week suspended trading in forward contracts, the Forward Markets Commission (FMC), the commodities market regulator, on Friday sought to allay fears over the exchange defaulting on open contracts.
The Supreme Court says the 'whole exercise appears to be an eyewash'.
However, the Indian market is not in good shape, he said.
Tata Steel constitutes committee headed by Ishaat Hussain to ascertain the facts
Clarifies 'profit-split' will not be only method to compute tax
IT industry body Nasscom said it is quite hopeful the final contour of the bill would be much more balanced than it is at present.
All restructured loans to become NPA from April 1, 2015; Promoters' personal guarantee a must; Infra projects to get breather
Cognizant becomes the second largest offshore-centric IT services player.
Finance ministry orders probe.
Gold, silver, copper hit multi-year lows, Brent crude near $100 a barrel.
The court does not bar firm from offering 3G services to existing subscribers.
Regulator sets up panel to work out compensatory rates in a month; stocks of all power firms light up
SC overrules order to shut down Tuticorin plant but asks the company to pay up for ecological damage.
The duo closes in on the stake put on the block by Videocon, US' Anadarko.
In Nov last year, L&T Finance Holdings had told BSE it was not eligible to be the sponsor of an insurance business, as it was a subsidiary of L&T under the Irda norms
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