Sources said Vishal Gondal, founder of Indiagames, along with existing investors Cisco and Adobe, are in talks with both private equity consortia and strategic investors to buy back the stake they'd once sold to the parent firm.
"Every Cricket enthusiast would like to watch the matches in the best quality format. Hence it is obvious that players are hoping for a good sales year. But this will also mean plethora of schemes for the users to chose from," said a market expert.
The cost of a Bluetooth is less than $5. Besides, Bluetooth is based on radio technology. Radio is very simple and it does not support high data runs.
A stake sale deal between Patni Computer Systems and iGate is on course, but has been delayed due to procedural issues.Sources involved in the deal said they include tax-related developments and offshore transaction fees.
Tata had signed a memorandum of understanding with Bangladesh in 2004 for one of the largest foreign direct investment in that country.
The current talks on stake sale by its promoters at India's seventh largest information technology services company, Patni Computer Systems, seem to be in the final stages. Whichever way the deal swings, analysts feel the company will lose some business.
Pavan Vaish, one of the co-founders and the chief executive officer of IBM Daksh, has announced that he will leave IBM by the end of February. IBM announced it had completed the integration of IBM Daksh and its business process outsourcing (BPO) operations would be rebranded as IBM Global Process Services.
Deals worth $27 billion are up for renewal. Of these, almost $1.7 billion worth of contracts are currently with Indian services providers, said data from TPI.
At a time when Emami Ltd is hitting the headlines with news on acquisitions and foreign ventures, Aditya V Agarwal, a director and one of the younger scions of the group, shares his thinking with Shine Jacob.
Private sector has continued to look at outsourcing and offshoring, despite government's measures.
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