Business

Tech Mahindra Announced Acquisition of LCC for $240 million

Tech-mahindra-acquires-US-company-LCC

Tech Mahindra, India’s fifth-largest IT Company is going to acquire Virginia, US-based Lightbridge Communications Corporation (LCC) They announced today that they going to spend approx. Rs. 1400 crore ($240 million) for this deal, which will be Tech Mahindra’s largest overseas acquisition. Before that they have acquired 6 more companies including Satyam Computer(which is now merged with Tech Mahindra itself last ...

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Infosys fired BPO business CFO

infosys_logo

Infosys has taken another big step in its BPO business; it fired the CFO of its BPO business, Abraham Mathews. They have given reason that he was not complying with its code of conduct. Company CEO Gautam Thakkar has taken responsibility on moral grounds and  submitted his resignation, Infosys said in a release. It said that Mathews’s departure is in ...

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Ratan Tata and Urban Ladder

Ratan Tata and Urban Ladder

Tata Group’s chairman Ratan Tata has invested in online furniture company Urban Ladder. It is his second personal investment in an e-commerce firm after Snapdeal. Urban Ladder said that Tata’s “inputs and guidance will be very valuable” for the company, but did not disclose the amount and other details about this investment. Before this, Tata maid his first investment in ...

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Future Group and Flipkart Deal

Future Group & Flipkart Deal

The Future Group-Flipkart partnership to jointly sell goods would have been very different if Kishore Biyani’s negotiations with Flipkart had gone well. Future Group asked for a fees of Rs 60 crore for giving exclusive online retail rights, which Flipkart found excessive and rejected the deal. Negotiation was going on since 20 days, but after lot of discussion Flipkart rejected ...

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8 Indians in Fortune list of powerful Asia-Pacific women

Eight Indians in Fortune List of Powerful Asia-Pacific Women

As many as eight Indian women, led by ICICI Bank chief Chanda Kochhar, have made it to the Fortune list of 25 most powerful women “shaping the new world order” in the Asia-Pacific region. Kochhar, ranked highest among Indian women, has been ranked second across the region, while three others — SBI’s Arundhati Bhattacharya (4th), HPCL’s Nishi Vasudeva (5th) and ...

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MNP across locations without any Fee

MNP

The Telecom Regulatory Authority of India (TRAI) has suggested that full mobile number portability (MNP) service should attract no additional entry fee and bank guarantee from operators. The Department of Telecom (DoT) had sought the telecom regulator’s opinion on issues like additional entry fee, bank guarantees and clarification on number of players to be involved in the roll out full ...

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SBI Raised a Request for Contactless Debit Card

SBI

State Bank of India, the country’s largest lender, on Monday said it is planning to launch Contactless debit cards which would enable customers to carry out some transactions without having to enter the pin number. The bank has sought permission from the Reserve Bank of India (RBI) for this. “Right now, for any card which has to be used, a ...

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BSNL and MTNL merger will take place in July 2015

BSNL and MTNL Merger

The much-awaited merger of telecom PSUs, BSNL and MTNL, is likely to take place by July next year as the two companies look at synergising operations by offering services as a single entity. At present, BSNL offers services in the whole country, except Delhi and Mumbai. MTNL provides telecom services in these two zones. “The deadline of June-July 2015 has ...

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TCS is targetting to grow in JAPAN

TCS is targetting to grow in JAPAN

A.S. Lakshminarayanan is going to be the head of Japan business for TCS. Lakshminarayanan, has joined TCS in 1983, has a history of being successful in building  businesses from the ground level, he built the UK-business at TCS almost from zero level which has now leading the emerging verticals business  for TCS including hi-tech and media, this UK business is ...

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