UB Group, which has raised close to Rs 1,500 crore (Rs 15 billion) debt for keeping Kingfisher Airline in the skies during the past two years, has raised another Rs 1,000 crore (Rs 10 billion) debt to fund the 46 per cent buy in Deccan Aviation.The debt for the 46 per cent buy in Deccan Aviation has been raised in two phases. In the first phase, for the 26 per cent negotiated deal for Rs 550 crore and the subsequent 20 per cent open offer which cost UB Group Rs 425 crore.
Cerberus Capital, the New York-based private equity fund that recently bought Chrysler from the erstwhile DaimlerChrysler for close to $7.5 billion, is entering the Indian market shortly.
The earnings of Indian IT companies in rupee terms are dwindling with every upward movement of the currency. The domestic currency has risen by 11.6 per cent this year to touch a nine-year high on Wednesday.
Wipro is planning to integrate all its quality achievements under the 'Wipro Way' -- a system that was envisaged by founder chairman Azim Premji about nine months back. This will help the company take all its quality initiatives to the next level.
Most Indian IT firms, including TCS, Wipro, Infosys, Mindtree, Infotech and Sasken, which started their operations in the region with a small base, have expanded their base fast.
Entrepreneur-investor Ramesh Vangal is likely to team up with US-based business process outsourcing (BPO) firm Sutherland Global Services to wrest majority control in Cambridge Solutions. Vangal holds 13 per cent stake in Cambridge.
Techies consider onsite posting rewarding because the difference between offshore and onsite packages is more than three times. Besides, onsite employees are given special allowances for working late hours, transport, medical costs and insurance.
The fringe benefit tax (FBT) was levied on ESOPs in the Union Budget this year and the IT industry is still grappling with the issue of how to factor in the tax.
Our technology team is very closely watching all emerging markets including BRIC countries.
Larsen & Toubro is set to invest Rs 100 crore (Rs 1 billion) in Mysore-based Rangsons Electronics for a 40 per cent stake.
Companies like Brigade Group, Shriram Properties, Confident Group and Skyline Builders are in the final stages of completing the paper work of tying up these investments.
Forget Starbucks coming into India. Witness the expansion of Caf Coffee Day, which is set to mushroom across the country.
Making a name for themselves as they 'drive innovation' in giants like IBM, Microsoft.
Wipro COO A L Rao tells Business Standard how he plans to keep driving innovation at Wipro.
Wipro Technologies has set up a separate group within its Telecom and Product Engineering practice to aggressively tap the opportunities in the telecom service providers' space.
Nothing works better than a price cut in a price sensitive market like India. A GSM Association study says that for every one dollar cut in prices, no fewer than 20 million subscribers could be added.
The company, which has been acquiring mature companies across the world, is doing something different in India taking the angel investing route in an effort to tap ideas and talent pool.
Blue-chip names such as Bessemer Venture Partners, Google, JP Morgan Asset Management are taking strategic bets in the Indian market.
Even as venture capitalists and private equity players are combing the Indian landscape for deals, here comes competition from least expected of sources.
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