Telecom firm Windstream Corp has said it will acquire Q-Comm Corp, a privately held fiber-optic network operator for $782 million.
Whitehurst talks about India expansion plans, its latest offering in cloud computing and India's most ambitious project Aadhaar.
More corporates from across the world are keen on setting up operations in India, ranked the top destination for investments and acknowledged as being strategically important to them by global businesses.
The collective responses from 240 CEOs of NYSE-listed companies suggest that an organization's ability to conduct business globally will be vital for its success in 2008 and beyond.
Indian shares listed on the American bourses settled mostly in the red, while Infosys defied the trend, after the New York Stock Exchange halted trading in Satyam Computer at its bourses.
Software major Wipro's head of sales (America), Rich Garnick has resigned, the second such exit of a senior executive after the company's high-profile vice-chairman Vivek Paul left the firm a month ago.
The New York Stock Exchange, which has five per cent stake each in NSE and MCX, is keen to increase its holding further as and when Indian regulator relax rules, NYSE CEO Duncan L Niederauer said on Thursday.As per the current regulations a foreign entity cannot purchase more than five per cent stake in the country's stock exchanges.
On the prowl for more buyouts, software major Wipro would pursue the strategy of acquisitions more aggressively in future along with other initiatives.
As the global economic downturn takes toll on pay packets, Indian IT major Wipro's chief Azim Premji seems to be leading by example as he has taken a cut of about 10 per cent in his annual compensation.
Buying one share of Citigroup will cost its CEO Vikram Pandit his full-year salary -- $1, which can also buy a soft drink at any neighbourhood McDonald's store.
Global IT giant IBM is understood to be the front-runner to acquire Satyam Computer Solutions, a company it named as one of its main competitors in a filing to the New York Stock Exchange in February. The US major, said sources close to the developments, has begun discussions with Satyam's government-nominated board and expressed its desire to acquire a majority stake in the company. A team of investment bankers and lawyers from the US and Europe has been brought in.
After resuming trading on Monday, shares of Satyam plummeted 84 per cent to close at $1.46. It had touched its intra-day low at $0.78. Asked if the NYSE will issue a notice for possible delisting of the company for shares dipping below $1, NYSE spokesperson told PTI in an e-mailed statement, "No, the average closing price of a security must be less than one dollar over a consecutive 30 trading-day period.
'Interest rates will depend on the respective banks depending upon their deposits. We will get a clearer picture from the banks in the coming days,' says Y V Reddy.
Nasdaq-listed Wipro Ltd on Wednesday said its chairman Azim Premji has been named among the 'greatest entrepreneurs' of all time by BusinessWeek.
Exchanges have twin roles: commercial and regulatory.
Wipro Technologies on Monday announced the successful implementation of an e-Ticketing solution for easyCinema, a new venture of the Europe-based easyGroup.
Companies are developing a surrogate education system to create a skilled labour pool.
Mandarin Oriental New York, the premium luxury hotel a subsidiary of Reliance Industries is acquiring, is known for its much-in-demand ballroom, five-star spa and eating and drinking venues, including MO Lounge. Liam Neeson and Lucy Liu are among regular guests. Set up in 2003, 248-rooms-and-suites hotel towering over Central Park is an iconic luxury hotel located at 80 Columbus Circle, directly adjacent to the pristine Central Park and Columbus Circle.
IT major Wipro has proposed to establish a software economic zone in Kolkata, according to a top government official.
WNS is all set to list in the US after an initial public offer that has been priced well above the forecasts.
Enthused by Prime Minister Manmohan Singh's proposed visit to world's premier New York Stock Exchange on Wednesday, analysts say it will have a 'positive impact' and revive India Inc's dream for overseas listing.
Indian television company NDTV is in advanced stages of negotiations with NBC Universal, a subsidiary of New York Stock Exchange-listed General Electric to sell between 25 and 30 per cent in its UK-based subsidiary NDTV Networks Plc.
Premji said, Wipro is not feeling the "effects" of the eurozone crisis.
State-run gas firm Gas Authority (India) Ltd may list on the New York Stock Exchange or the Nasdaq by converting its global depository receipts into American depository receipts.
It had come out with an initial public offering (IPO) of 35.3 million common shares, priced at $14 a share, which enabled the company to raise $494 million. The initial market cap is about $2.89 billion.
US-based DSP (digital signal processor) and analog technologies leader Texas Instruments is upbeat on the Indian market and says it is set to capitalise on the boom in communication and entertainment sectors in India.
Sterlite Industries is set to list its $2 billion (Rs 8,000 crore) American Depository Shares issue, the largest by any Indian company, with the New York Stock Exchange by the middle of this month.
The New York Stock Exchange-listed Perot Systems on Thursday said it has reached an agreement to acquire the Chennai-based healthcare claims processing company Vision for an aggregate value of $10 million.
New York-based REcap Partners-LLC is all set to buy out Chennai-based business process outsourcing firm HOV Services along with its two units operational in Beijing and Hong Kong for around Rs 950 crore
Silverline Technologies Inc, a software developer and services provider, said on Friday it was no longer in compliance with minimum share price requirements for listing on the New York Stock Exchange.
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