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Oracle to buy 43 pc stake in i-flex — Plans another 20 pc through open offer
As per the deal, the current i-flex management team will continue to run the company and will align product development, sales, marketing, and services activities with Oracle.
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Handsome pay-off for Citigroup arm
WHY is Citigroup's arm, Citigroup Venture Capital International, selling out its equity stake in i-flex Solutions, a company created by the group in the nineties? That is a question that would have been on everybody's mind the day Oracle ...
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REL announces Rs 100-cr disaster management plan — To restore supply within 24 hours
RELIANCE Energy (REL) on Tuesday announced a Rs 100-crore disaster management plan to cope with future natural calamities. The company said that it would restore power supply to all residential customers within 12 to 24 hours, and to all ...
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IA, Air India to operate normal schedules from today
AFTER a week of delays and disruptions, airline operations at Mumbai airport are limping back to normalcy. Airline officials said that they expect flight operations to return to the normal schedule in a day or two if the weather does not ...
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Even bank vaults, currency chests not spared
THOUGH banking operations returned to normalcy by Tuesday, several banks are now facing the problem of soiled currency notes and documents, as rainwater has flooded their strong rooms and safe deposit vaults. However, it is too early to put a ...
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ONGC may have to invest Rs 600 cr to rebuild Bombay High
ONGC may have to invest Rs 400-600 crore towards rebuilding assets at Bombay High North which were destroyed in last week's fire. This does not include the contribution from the insurance agencies. However, ONGC sources said the "company's ...
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Divestment's good economics, says Chidambaram
THE Finance Minister, Mr P. Chidambaram, on Tuesday strongly defended the move toward disinvesting Government holding in public sector undertakings, and said that it was "good economics" on the part of the Centre to cash in on part of its holding ...
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Fund buying, healthy corporate earnings continue to fuel markets
SUSTAINED fund buying and "healthy" corporate results continued to steam the market, as the benchmark indices extended their gains. The Sensex shot up to yet another all-time high of 7,762.80, before settling down at its all-time high closing ...
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Bata rounds off `95 paise' price tags
FOR decades, it was a price tag that drew instant jokes, sarcastic comments and sometimes even arguments over consumer rights, but ending it all, Bata India has withdrawn its famous 95 paise pricing. Now Bata chappals, shoes and other footwear ...
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Sugar prices rise to all-time high
SUGAR spot prices in Mumbai on Tuesday touched an all-time high of Rs 2,082 a quintal for medium grade (M-30) mainly on reduced trading stocks, disrupted supplies from mills and continued demand, trade sources said. Sugar spot prices increased ...
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TCS hires 1,100 from campuses in one day
The clamour for getting good talent in big numbers seems to be getting louder in the IT software industry. TCS is the latest in line claiming a record as it made offers to about 1,100 fresh engineering graduates in a single day on the first of ...
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HSBC to sell prime properties through e-auction
IT may well be the first time in the country that prime residential properties are being sold through an electronic auction. The seller — the Indian subsidiary of the Hongkong and Shanghai Banking Corporation Ltd (HSBC), which has put seven ...
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New low-pressure area advanced by a day
MONDAY'S well-marked `low' over central Madhya Pradesh has weakened into a low-pressure area over northwest Madhya Pradesh and adjoining east Rajasthan, but the pace at which it has spun laterally across the mainland has surprised weathermen. ...
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