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Microsoft has acquired a 35 per cent equity stake in mobile integrated platform provider Oxigen Services India. Oxigen is an electronic recharge and prepaid distribution brand. By partnering with Microsoft, Oxigen expects to expand its business rapidly in the virtual payments and distribution space using Microsoft’s web and mobile-based technologies, as well as getting access to Microsoft’s advertising services, especially digital advertising. Microsoft will add strategic value to Oxigen’s business. […]
India's top private carrier, Jet Airways Ltd , and Kingfisher Airlines are eyeing the stake held by Emirates [EMAIR.UL] in SriLankan Airlines, the Economic Times said, citing unnamed industry officials. Emirates, the largest Arab airline, said earlier this month it was interested in selling its 43.6 percent stake in SriLankan Airlines and wanted around $150 million for it. The Sri Lankan government already owns 51 percent of the airline and has said it may buy Emirates' stake. The management of SriLankan Airlines will revert to the government on April 1. […]
The consideration for this transaction is about US$45mn, including escrows and earn-outs. Rolta expects this deal to be immediately accretive Rolta India Ltd. on Wednesday announced the acquisition of Broech Corporation, doing business as “TUSC”, an IT consulting company specialising in ERP applications as well as Database and Business Intelligence solutions based on Oracle technologies. The consideration for this transaction is about US$45mn, including escrows and earn-outs. Rolta expects this transaction to be immediately accretive to shareholder value in the current fiscal year ending in June 2008. As a part of its systematic and aggressive growth plans, the company has adopted a clear acquisition strategy of taking over companies that provide a synergetic mix of Technology and IPR, enabling it to move up the value chain for addressing complementary markets, Rolta said. This is the second acquisition by Rolta in a span of six months and will bring a strong portfolio of products and customers; improved access to complementary markets and industry service lines; and strengthen its global delivery mode; while continuing to leverage its existing core competencies in the GeoSpatial and Engineering domains. […]
Pune-based provider of enterprise resource planning (ERP) and Oracle database administrator Spider Systems Pvt Ltd has been acquired by California-based Infogain Corporation, which is in the business of CRM, ERP, integration and business intelligence solutions and services. With the acquisition of Spider, Infogain has expanded its Oracle ERP business. The amount of the deal was not disclosed by the company. […]
New Delhi Television Ltd said on Tuesday it has entered into a preliminary deal to sell 26 percent of an overseas unit to NBC Universal Inc and a subsidiary of NBCU for $150 million. The overseas unit is the parent of NDTV Imagine, NDTV Labs, NDTV Lifestyle, NDTV Emerging Markets and also the joint venture partner of NGEN Media Services, the Indian firm said in a statement. NBC, 80 percent owned by General Electric and 20 percent by Vivendi, also has the option to raise the stake to 50 percent in the third year, it said.(Reuters) […]
Consulting and IT services firm Silverline Technologies has acquired 15% stake in a North American Firm specializing in healthcare change and performance management. Ravi Subramanian, chairman of the Board, said, “This investment is a highly significant step towards the company`s plans to be a focused leader in specific industry verticals. “ “This investment is in line with building the technology-enabled service management optimization (TESMO) focused solutions set. It brings in an innovative, patent-pending solution to the practice aimed to deliver major value to adopting hospitals, and to the insurance companies and governments which fund health care. It adds a brand-new third layer to hospital clinical-financial management and sits on top of the first layer of clinical records and financial-accounting systems, and the second layer of patient-cost-accounting systems“, said Titus Sequeira, executive director and chief strategy officer. […]
Cobra Beer Ltd has today announced its first ever brewery acquisition in India. Cobra has acquired a controlling stake in Iceberg Industries Ltd, a leading brewery based in Bihar, north east India. Cobra has purchased 76% of the equity from the Katyal family-owned brewery with Amit Katyal retaining a 24% share. The move marks a significant stage in the company’s ambitious global development strategy. The new brewery comes in addition to existing manufacturing in Poland,Belgium, the Netherlands, the UK and five further locations in India. Lord Karan Bilimoria, Founder and Chairman, Cobra Beer, comments: “Since we began brewing Cobra in India for the Indian market, back in 2005, we’ve made phenomenal progress. The market is expanding at an incredible rate – over 27% last year, and we’re delighted to see so many Indian beer-lovers embracing Cobra as the market grows. The purchase of Iceberg will help us take Cobra to a whole new level in India, allowing us to increase and manage our capacity and to really focus our efforts on the Indian market. […]
Bennett, Coleman & Co Limited (BCCL) has acquired a stake in Mindlogicx Infotech, a Bangalore-based new generation software product development and services company providing end-to-end solutions in KPO, virtual learning, online knowledge and skills assessment, business intelligence and IT consulting. Suresh Elangovan, CEO of Mindlogicx, said: “We are excited about this tie-up with BCCL as Mindlogicx shares the vision of creating future leaders by empowering the Indian youth with knowledge. Our suite of softwares are offered to the end users as 'on demand' services through an integrated technology platform called Vedas with the objective of delivering knowledge at the desktop of the users. […]
Kaveri Telecom Products Ltd today said it has acquired Spotwave Wireless Inc USA and Spotwave Wireless Inc Canada at an investment of $ 7 million. This acquisition enables Kaveri to provide solutions in bringing the outdoor signal inside or both commercial and residential locations ensuring that cell phones and wireless devices work reliably indoors, said a statement. In the recent past Kaveri had acquired Til-Tek a leader in antennas, DCI, Canada, a leader in RF products and Filters and Sigma Wireless, Ireland. ''With this acquisition we are introducing an intelligent adaptive repeater in-building solution which will be a key strategic addition to Kaveri's existing in-Building product and services business,'' said company Managing Director Shivakumar Reddy. […]
Wadias-promoted GoAir has been approached by various private equity players for acquisition of a minority stake, while valuing the low-cost private carrier at $400 million (about Rs 1,600 crore). Global consulting firm Ernst and Young, on behalf of other players, has approached the company and Wadias have held discussions with them, market sources said. When contacted, a spokesperson for the airline said: “E&Y has approached us on behalf of various buyers who are interested in buying a minority stake in GoAir.” […]
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