Sebastian, Vivendi minority investor formally announced that it was no longer in talking terms with the French telecom & media conglomerate about a takeover that could have led to breaking up the company.
Last month, the formal bid of more than €40 billion from Sebastian was rejected & criticized by Vivendi. This resulted into raised pressure [...]

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Motorola has endorsed its plans to develop a manufacturing facility in the 300-acre Hi-Tech zone. The Tamil Nadu government beyond Sriperumbudur near Chennai is promoting this Hi-Tech zone.
The initial investment for the whole project would be around $30 million and this would be hiked up further in several phases to a total of $100 million.
The [...]

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IBM, the world’s largest computer services company will showcase its technological advancements as well as the prime importance of India to its growth strategy.
The CEO & Chairman of IBM, Sam J Palmisano will run the showcase in the presence of president Dr. APJ Abdul Kalam, Bharti group chairman Sunil Bharti Mittal & Karnataka Chief minister [...]

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Raman Roy & Associates would now be known as Quatrro. The re-christened company is all set to trigger off its work of acquiring the 300-people BPO arm of Flextronics- FSS BPO. The acquisition focused on the telecom vertical and the price is yet not disclosed.
KKR, the US-based private equity player has recently acquired Flextronics Software [...]

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Some of the biggest institutional shareholders of Vodafone, the largest mobile telecommunications network company in the world, are planning to expel four or five of its main board directors including NRI CEO Arun Sarin.
The investors, who have not been placated by plans to return a further £9 billion to shareholders, now plan to vote against [...]

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Wipro technologies, successfully took over Portugal-based retail solutions provider enabler for $53.3 million by following its famous “string of pearls” acquisition strategy.
On an acquisitions spree, this Bangalore-based IT giant has made five buyouts in the last six months including enabler.
Buying enabler may include shelling out an up front cash payment of around $53.3 million on [...]

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Indian IT & IT-enabled services (ITes) is on the rise as it continues to grow at a fast pace, more than 30% for the fourth year in a row.
A 33% enhancement in software exports that would touch $223.6billion in 2005-06 is estimated by industry association Nasscom.
According to the annual Nasscom report, the overall growth of [...]

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Northeast is now being actively promoted as the new Bangalore for IT companies. The government is actively trying to advance this region as a center for business process outsourcing & other IT-enabled service (ITes).
Northeast is having only one out of 47 STPs present in India. This has made the government think seriously about establishing at [...]

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A Justice Ministry Panel has recommended that the proportion of foreign residents to the nation’s population must be kept stable at 3% or below & also require those who are let into possess a good command of the Japanese Language. The Justice Ministry Panel has been conducting a study on overhaul of Japan’s immigration administration.
The [...]

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Infosys technologies, the major software service providing group is currently looking for acquisition of small & medium software companies in banking & financial services & health & life sector.
The target company must have revenues in the range of $50-100 million. Coo of infosys, Kris Gopalakrishnan said that the group has always been open to strategic [...]

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