Infosys to buy automation tech company Panaya
Country’s second-largest software services firm Infosys will acquire U.S.-based automation technology company Panaya for an enterprise value of $200 million or over Rs. 1,200 crore. The all-cash deal is part of Infosys’ ‘Renew and New’ strategy to enhance the competitiveness and... read more »
Power Grid to raise Rs.1,500 crore
Power Grid Corporation of India will raise Rs.1,500 crore through bonds to meet the capital expenditure plans for this year, its Chairman and Managing Director R. N. Nayak said. “For this financial year, we have capital expenditure plan of Rs.22,000 crore, out of which Rs.17,700 crore has already... read more »
MRF Q1 net up 80 %
MRF has reported 4.8 per cent growth in its total income from operations (net) to Rs.3,353.01 crore in the first quarter ended December 31, 2014, up from Rs.3,200.57 crore in the same period in the previous year. The net profit has risen by 80 per cent to Rs.323.51 crore from Rs.179.89 crore. Net... read more »
Flipkart targets sales worth $8 b in 2015
Leading online market place Flipkart is looking at sales worth $8-billion in the current year. The company has announced its ambitious plan at a Town Hall organised in a college auditorium in the city on Wednesday. The company is also targeting to sell one billion goods on its platform annually... read more »
