The acquisition has opened a market to 245,000 healthcare providers, 350 payers (insurance firms) and 180 million lives.
Other developers that have sought additional time include Alstom Bharat Forge Power, Sesa Sterlite Ltd and Cognizant Technology Solutions. Vedanta Aluminium has asked for extension of the validity of the approval granted by the board for setting up an SEZ in Odisha beyond May 22.
The company expects around $40 million annualised revenue from the acquisition but declines to share financial details of the deal.
Infosys has been focusing on winning more lucrative digital technology and automation outsourcing contracts.
Analysts are of the opinion that 55 may emerge as the new age to retire for techies in India
The year saw 30 QIP deals raising over $5 billion and 35 IPOs.
"There was not a single decision that I took during my second tenure without discussing it with Ranga and getting valuable input from him," says Narayana Murthy.
Delays in promised service delivery were earlier settled between client and service provider. More organisations now opt for a legal settlement to save cost and protect investor sentiment, say analysts.
Takes a knock after RBS changes plan on Williams & Glyn; contract loss to impact 3,000 Infy staffers
Rajeev Mehta, chief executive for IT services, believes this is due to a few client-specific issues, saying the overall business environment continues to look good.
BSE Bankex, Healthcare, Capital Goods and Consumer Durables ended higher.
The local markets are expected to react to global triggers until the government announces the Union Budget.
Firm to prune domestic costs through initiatives such as voluntary separation
Infosys, Wipro may follow suit as investors eye a piece of the large cash kitty as growth slows.
Sohini Deb who cracked CAT 2013 with 98.11 percentile and secured admission at IIM Kozhikode shares her study secrets.
Experts say only three per cent individuals pay taxes.
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