Prashant Indulkar, 37, was secretary to VSNL's Managing Director N Srinath and was picked up by the Dadar police on February 1 after VSNL filed a complaint alleging that he had siphoned off funds.
Avesthagen's promoters also refute violation of non-compete clause.
Oak Hill Capital Partners, a US-based private equity firm, is understood to be working towards merging its two BPO portfolio companies, Genpact and Vertex Data Systems.
Citigroup Venture Capital (CVC) is in talks to acquire 10-15 per cent stake in AnandRathi Securities, the Mumbai-based securities and wealth management firm, for nearly Rs 70 crore ($15 million).
MphasiS, which recently came under the EDS fold, will be executing $250 million worth of application development and maintenance work for Vodafone over five years.
An unprecedented 740 Indian companies from industries as diverse as casting to agro-chemicals to coffee bars to regulars such as software and banking were involved in mergers and acquisitions and private equity deals worth $26.7 billion.
United Spirits, liquor baron Vijay Mallya's Rs 3,600 crore (Rs 36 billion) firm, is set to launch feni, the famous Goan spirit, in the branded retail market by the next quarter.
According to Venture Intelligence, a research service focused on private equity (PE) and venture capital activity, the first nine months of 2006 have witnessed eight buyouts by PE investors, compared with six in the entire 2005 and just two in 2004.
The centre of gravity of the technology world is moving to India. This is arguably the biggest certificate ever issued on India's technology strength, given that it comes from Don Rippert, Chief Technology Officer of the $17 billion Accenture.
In the US someone with a promising technology idea can easily get access to financial backing, and this is precisely what has been missing in India's innovation landscape.
Infosys directors - N R Narayana Murthy, Nandan Nilekani, T V Mohandas Pai (head of HR) and five others - have collectively offered 1.3 crores
Ever since Finance Minister P Chidambaram unleashed overseas investments in Indian real estate sector, there has been close to 150 private equity funds who have lined up with chests to invest in this sector.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances