ICICI bank, one of the investors, has been trying to reduce its stake for long, as it has to bring it below 5 per cent on directives of the US Federal Reserve.
The BPO's board will meet on Friday to finalise deal.
HCL Technologies' stock has been on a run since the company announced its good first quarter results. An interview with Anant Gupta, president and COO, on the company's future strategies.
Ex-CFO says new incumbent steps in at the right time, will be able meet to meet challenges.
His resignation comes at a time when the company ventured in acquisitions. Bala has been one of the key players in driving this inorganic growth strategy.
Chinese telecom equipment manufacturers Huawei and ZTE on Tuesday hit back at a US House panel report that labeled both the companies as threat to US national security.
Essar has entered into an agreement with Maple Leaf, a cement major there, for its supply and has already delivered 15,000 tonnes of petcoke.
TCS is said to have bagged a multi-million pound contract to support the disclosure and barring services for the Criminal Records Bureau of the UK.
Micromax has the highest tablet sales in the second quarter of the financial year 2012, ahead of Samsung and Apple.
Meru Cabs, launched in 2006, has everything going for it: A credible brand, loyal customers and a transparent pricing mechanism and technology. But, the only thing missing is profits. Meru wants to change that now. Says Meru CEO Siddhartha Pawha: FY13 will be focused towards achieving the last target.
The business process outsourcing (BPO) sector in the Asia-Pacific region will touch $9.5 billion in 2016, up from $5.9 billion in 2011, according to Gartner.
S&P also cut China?s GDP growth forecast to 7.5%t and that of rest of Asia.
In CY2010, 9.9 million PCs were shipped, a growth of 30% over 2009, while in CY2011 total shipments went up by just 7.3%
Gulshan Rai, director general of the Indian Computer Emergency Response Team and coordinator of the committee on cyber laws, says the team is gearing up to address the increasing mobile Internet usage.
Last February, the Education Promotion Society of India, Association of Indian Management Schools and Jaipuria Group of Institutions filed a petition in the Supreme Court challenging the AICTE notification, dated December 28, 2010, which curtailed Post Graduate Diploma in Management institutions' autonomy on deciding fee structure, admissions, syllabus and examination.
With the investment, the company's refining capacity will rise 60 per cent from the present 65.7 million tonnes per annum (mtpa) to 105 mtpa by 2022.
Though the number of IIMs has gone up in the past two years -- from seven to 13 -- the pool of companies which these B-schools approach for placements, remains largely the same.
The Western Ghats Ecology Expert Panel report, submitted by ecologist Madhav Gadgil last year, was further delaying the Rs 30,000-crore (Rs 300-billion) refinery project of Hindustan Petroleum Corp Ltd (HPCL) in Maharashtra, a senior official of the state-run oil marketing firm said. The project has already been delayed due to bureaucratic red tape.
India Gas Solutions the equal joint venture between the two companies, is looking to sell LNG to five power producers in Andhra Pradesh - GMR, GVK, Lanco Infratech, Sravanthi Energy and Konaseema Gas.
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