Y Gopala Rao who retired as chairman and managing director, Bharat Electronics, a defence PSU based out of Bangalore, had identified cutting costs as a key objective for the future.
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.
Airtel has launched a new service -- Temple Offering -- for its subscribers in Karnataka and Andhra Pradesh. The service will help Airtel subscribers to make their donations to temples using their mobile phones.
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).
Cambridge Solutions, a Rs 1,200 crore (Rs 12 billion) integrated IT & BPO firm, has sold a part of its government vertical, run under its subsidiary Albion in the United States to Affliated Computer Services for $30 million.
US-based IT company Compuware Corporation opened its first India office in Bangalore on Tuesday.
DaimlerChrysler India, which doubled the sales of its Mercedes-Benz luxury cars in India in calendar 2006, is seeking government support to further develop the luxury car market in India.
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.
Despite Karnataka's impressive economic growth in the 1990s, its performance in human development remains just about average, according to the Karnataka Human Development Report 2005, released on Friday.
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 Bombay high court on Tuesday restrained French dairy major Groupe Danone from selling the shares of Avesthagen, a Bangalore-based bionutritional company.
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.
Increasing band of expats is driving the Jubilant Organosys drug development and discovery business. Of the total 1,025 scientific manpower strength
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.
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