Software solution provider, Telelogic on Tuesday said it acquired US IT firm I-Logix in an all cash deal of $80 million.
The Finance Ministry, for the second time, turned down a proposal of Jaipur IPL Cricket (JIPL), the joint-owners of Rajasthan Royals, to transfer its entire equity abroad in a cashless transaction. The Foreign Investment Promotion Board (FIPB) rejected the JIPL plea on objections from the Sports Ministry, a source said.
