Terming it a socially responsible business model for growth, HCL Tech vice chairman and CEO Vineet Nayar said the company would create these jobs for fresh engineers.
The foundation is providing the money to The Global Fund to fight AIDS, tuberculosis and malaria through a promissory note, co-chair Bill Gates said.
The move would end the exclusive availability of Thunderbolt, which was launched earlier this year and helps transfer data between different computing devices at high speed, on Apple's Mac computers.
Showcasing what the future holds in the computing arena, chip-maker Intel on Wednesday unveiled a computer with a processor running on a postage stamp-size cell powered by solar energy.
Ruling out any move to become the rival of its own customers, the world's largest chip-maker Intel on Wednesday said it is not interested in acquiring technology giant HP's PC business.
In the first major international exchange business initiative by an Indian entity, a new commodity and currency bourse, Singapore Mercantile Exchange (SMX) on Tuesday commenced trading here with derivatives contracts like gold, crude oil and Euro-US dollar.
From thousands of job losses to historic bankruptcies to Dubai debt crisis, the year had more than its share of shocks.
Besides, some foreign MNCs -- possibly enticed by the world's second fastest growing economy -- sought to enter India by acquiring into local companies, mostly in telecom, steel and pharma sectors.
The biggest irony is that nearly two-thirds of these funds are estimated to have come from investors in overseas markets, which themselves were in shambles and where companies were in dire need of capital, forcing them to beg their respective governments for money.
It was only gold, one of the oldest investment forms, that provided some solace to investors and somehow stood by its record of being a safe place to put hard cash in -- although the gain of about 25 per cent was nothing compared to what it returned in the previous years. This time around, however, the money that went into stocks lost more than half of its value on an average in comparison to a gain of 25-50 per cent over past few years.
The total number of M&A deals announced till December 15 stood at 445 and its combined value was $30.72 billion, according to global consultancy firm Grant Thornton said. It hardly a match to last year's 676 deals worth $51.11 billion.
After a subdued year, the investors and market experts are expecting the PE and VC investments to pick up next year as raising debts have become costlier and IPOs are not finding any takers and the dampened investor sentiments might finally start improving on the back of efforts made by the government. At the same time, VC investments into Indian firms have declined to $733 million with 122 deals so far this year, from 142 deals worth $874 million in 2007.
The turmoil in the world economy has done what economists and experts could not do for years -- pushing into the day-to-day life a healthy dose of financial jargon, a lot of which has even become household words now.
Anil Ambani group's Reliance Power on Monday made its debut on the bourses, listing at a premium of over 20 per cent, but slipped below the issue price in early morning trade.
Reliance Power IPO from billionaire Anil Ambani-led group may have generated highest demand, but its listing premium could only be ranked the lowest after DLF among 10 major IPOs since elder brother Mukesh's Reliance Petroleum made its debut on the bourses in 2006.
India's corporate honchos spent a considerable time and energy this year at deal tables and executed over thousand transactions involving sale or purchase of equity stakes in their companies. On an average, every single day of 2007 saw about three deals being announced. This included a total of 1,047 merger and acquisitions as well as private equity deals for a total value of $68.32 billion (about Rs 2,75,000 crore).
While declining to comment on the intended takeover bid for JLR by Tata Motors, another group company, Myers said the relationship was close to four years old.
The Indica, known to Europeans as City Rover, was rolled out in November 2003 but did not succeed in the market where consumers are very choosy about the vehicles they buy.
Banking is all about leveraging, the ICICI boss said.
Merger and acquisitions is the toast of the season and a full platter of deals is expected to hit the table very soon in the consumer goods space involving leading players like HLL, Dabur, Marico and United Spirits.
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