IT and BPO services provider MphasiS on Wednesday said it is set to acquire AIG Systems Solutions (AIGSS), part of the troubled insurance giant American International Group Inc, for an undisclosed amount.
The Sensex has dropped 141 points (1.7%) to 8,346.
The market always reacts to news, but India's capital market strangely seems to be ignoring a series of warnings against the rise in the country's key share index.
Through Micro Lost Mobile Tracking System, Micro Technologies would provide security to the mobile handsets of Airtel subscribers, the firm informed the Bombay Stock Exchange. The application would have a software in the GSM enabled mobile handsets that would inform the user about the new mobile number, which replaced the original number, through an e-mail, Micro Technologies said.
Mature markets globally have either become saturated or have slowed down. The emerging markets have therefore become strategically important for these companies. The contribution of Indian operations to the global sales of these multinational behemoths is still small -- 1.5 to 3 per cent -- but this share is bound to grow given the buoyancy in the Indian market.
The issue comprising 'A' ordinary shares aggregating $550 million and ordinary shares aggregating $200 million has been subscribed 3.4 times, Tata Motors said in a filing to the Bombay Stock Exchange.
IT major Satyam Computer Services Ltd on Monday said it would consider bonus issue and financial results for the quarter and year ended March 31 on April 21.
The Bombay Stock Exchange benchmark Sensex has declined 17 per cent in this calendar year and has underperformed the US and European markets.
Reliance comm results keep telecom flag flying, FMCG majors slip.
Infosys has opened its first Latin American developmental centre in Mexico.
As per the outsourcing partnership agreement, Firstsource would manage Barclays' operations center in Colorado Springs and would provide customer care and collection support to its US cardholders, Firstsource Solutions said in a filing to the Bombay Stock Exchange.
Wockhardt Chairman Habil Khorakiwala can breathe easy, as bankers have approved the debt restructuring package he had sought three months ago.
Banks and financial institutions have proved to be the only ones in corporate India's otherwise dismal gender diversity performance, according to a report published by Standard Chartered Bank.
Indian Oil Corporation Ltd is to submit an expression of interest to acquire the marketing assets of an oil company in Thailand.
Satyam Computer Services Ltd said on Monday it has signed a strategic partnership agreement with Denmark-based NNIT, a leading consultancy firm in IT operations.
On June 27, the boards of GTL, RCom and its subsidiary Reliance Infratel Ltd had given in-principle approvals to the Rs 50,000-crore ($11 billion) merger deal to create the world's largest independent telecom infrastructure company, neither owned nor controlled by any telecom operator.
There are some companies in the sector that have seen a decline in revenues but their performance is not sufficient to cause such a decline in industrial production data.
The primary market is loosing its sheen with the money raised from the initial public offers going down eight times in the first seven months of this year compared to the same period last year.
Videsh Sanchar Nigam Ltd has acquired the narrowband and broadband businesses of Dishnet's Internet service provider division for Rs 270 crore.
Auto major Mahindra & Mahindra on Monday said it has entered into an agreement to acquire a majority stake in beleaguered South Korean vehicle maker SsangYong Motor Company. In a filing to the Bombay Stock Exchange, Mahindra & Mahindra said that it has "signed a memorandum of understanding with SsangYong Motor to acquire a majority stake in the South Korean SUV maker."
Satyam Computer on Monday said it has appointed Venki Prathivadi as the country manager for its Australia and New Zealand operations.
The government holds 85.82 per cent stake in SAIL.
A great monsoon and the rising FII investment in Indian markets have contributed to the 'feel good' factor.
The Securities and Exchange Board of India, with some modifications, approved the scheme for the corporatisation and demutualisation of the Bombay Stock Exchange on Friday.
Markets have opened marginally higher ignoring subdued global cues. The Sensex has advanced 51 points to 17,443 and the 50-share Nifty has opened higher by 14 points at 5,289 levels.
Overnight, in the US markets, fear returned to Wall Street.
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