Infosys buys Nordic Salesforce.com consultant for undisclosed amount

Infosys buys Nordic Salesforce.com consultant for undisclosed amount

2018-09-14T18:22:18+00:00 On

Infiosys announced it was buying Europe-based Salesforce consultant Fluido for an undisclosed sum. The acquired company has over 240 specialists and offices in Finland, Denmark, Sweden, Norway and Slovakia. Salesforce is a low-cost alternative to customer relationship management software from the likes…

L&T Tech Svcs buys Bangalore-based Graphene Semiconductor Services

L&T Tech Svcs buys Bangalore-based Graphene Semiconductor Services

2018-09-06T17:13:34+00:00 On

Engineering outsourcing company L&T Technology Services said it has agreed to acquire 100% of Bangalore-based semiconductor services firm Graphene for an undisclosed amount. The all-cash transaction is expected to be complete by October, it said. Graphene Semiconductor Services Private Limited is one…

Idea Cellular officially confirms DoT approval for Vodafone merger

Idea Cellular officially confirms DoT approval for Vodafone merger

2018-07-27T12:37:32+00:00 On

Idea Cellular, India’s fourth largest telecom company, officially confirmed the receipt of approval for its mega merger with Vodafone India. “We wish to inform you that the Department of Telecom has approved the merger of Vodafone India ltd and Vodafone Mobile Services…

Reliance Infra to turn cash surplus as MERC approves Mumbai op sale to Adani

Reliance Infra to turn cash surplus as MERC approves Mumbai op sale to Adani

2018-06-28T13:30:05+00:00 On

Anil Ambani-led Reliance Infrastructure said it has won approval from the Maharashtra Electricity Regulatory Commission for the sale of its Mumbai power business to Adani Transmission Ltd. It said it now expects to close the Rs 18,800 cr transaction next month. Reliance…

HCL buys Germany-based IT & engineering services provider

HCL buys Germany-based IT & engineering services provider

2018-06-27T11:35:07+00:00 On

HCL said it was buying H&D International Group, a Germany-based provider of IT and engineering services to the automotive industry, for an undisclosed sum. It described H&D International as one of the largest IT service providers in the German automotive industry. “H&D…

Fortis Healthcare drops plan to demerge SRL Diagnostics

Fortis Healthcare drops plan to demerge SRL Diagnostics

2018-06-14T09:17:20+00:00 On

Fortis Healthcare said it has cancelled its plan to demerge and list its diagnostics arm, SRL Ltd, and will withdraw the concerned application before the authorities. “The Scheme is currently pending for approval with the National Company Law Tribunal, Chandigarh Bench. Further,…

Fortis Healthcare calls for fresh bids from all three parties

Fortis Healthcare calls for fresh bids from all three parties

2018-05-29T15:44:57+00:00 On

Fortis Healthcare Ltd said it has decided to call for fresh bids for investing into the company for a controlling stake. The move follows a messy proposals and counter-proposals by the three main bidders — a team of promoters of Hero MotoCorp…

Future Retail buys Foodworld supermarket chain for Rs 41 cr

Future Retail buys Foodworld supermarket chain for Rs 41 cr

2018-05-22T08:52:36+00:00 On

Kishore Biyani-promoted Future Retail has bought Foodworld, a supermarket chain that is popular in Bangalore, for Rs 40.79 cr in cash. The acquisition of the grocery-focused retail chain will strengthen Biyani’s existing portfolio of super markets, particularly the smaller stores under the…

PE player L Catterton buys 10% in Future Lifestyle, owner of Brand Factory, Central

PE player L Catterton buys 10% in Future Lifestyle, owner of Brand Factory, Central

2018-05-21T13:21:10+00:00 On

L Catterton Asia, the Asian unit of the consumer‐focused private equity firm, will take a stake of around 10% in Future Lifestyle Fashions Ltd, the company that operates the Brand Factory and Central fashion stores in India. The valuation or the amount…

Strides Shasun, Apotex to merge Australian ops to create biggest generics player

Strides Shasun, Apotex to merge Australian ops to create biggest generics player

2018-05-09T12:07:22+00:00 On

Pharma player Strides Shasun said it has agreed in principle to merge its Australian business with the Australian operations of peer Apotex. Both have substantial businesses in Australia; Strides under the Arrow brand and Apotex under its primary brand. The merger will…

Malaysia’s IHH Healthcare releases details of Rs 4,000 cr bid for Fortis Healthcare

Malaysia’s IHH Healthcare releases details of Rs 4,000 cr bid for Fortis Healthcare

2018-04-24T17:27:08+00:00 On

Malaysia’s IHH Healthcare has come out with a binding offer to invest Rs 650 cr in Fortis Healthcare, and follow it up with Rs 3,350 cr after conducting three weeks of due diligence on the company’s account books. The move competes with…

Fortis Healthcare sets up expert committee to evaluate all bids

Fortis Healthcare sets up expert committee to evaluate all bids

2018-04-19T17:14:55+00:00 On

Hospital chain Fortis Healthcare said it has set up a special committee to evaluate the bids submitted by various parties to invest money into the company. It said the company has received binding offers from the Manipal – TPG consortium and the…

Munjals and Burmans sweeten their offer for Fortis Healthcare, drop conditions

Munjals and Burmans sweeten their offer for Fortis Healthcare, drop conditions

2018-04-19T09:08:58+00:00 On

Embattled hospital chain Fortis Healthcare said it received an improved combined offer from the Munjals of Hero MotoCorp and the Burmans of Dabur Ltd. Under the revised terms, the investors are willing to invest Rs 1,500 cr, against the Rs 1,250 cr…