Thursday, Jul-27-2017, 6.13PM

Ratan Tata invests in taxi company Ola

Jul-02-2015 | 0 Comments

Ratan Tata invests in taxi company Ola BENGALURU: Ratan Tata, chairman emeritus of Tata Sons, has invested in taxi firm Ola in his personal capacity.

He has previously invested in over 10 firms, including Snapdeal, Paytm, Urban Ladder, CarDekho, Xiaomi and Kaaryah.

Bhavish Aggarwal, CEO and cofounder, Ola, said Tata... Read Full Story »

PE exits may create 2 new IT unicorns

Jun-29-2015 | 0 Comments

PE exits may create 2 new IT unicorns BANGALORE/KOCHI: Private equity deal counters are buzzing at two of India's fast emerging IT companies, both being valued at around $1 billion each.

Warburg Pincus has just mandated Credit Suisse to sell its 20% stake in outsourced engineering services company Quest Global for at least $200 mi... Read Full Story »

Adoption irrevocable, MAM can’t disown son: Lawyers

Jun-11-2015 | 0 Comments

Adoption irrevocable, MAM can’t disown son: Lawyers CHENNAI: Ace horse breeder and industrialist MAM Ramaswamy is attempting to shut the stable door after horses have bolted, feel jurists watching the unfolding family feud between the octogenarian Chettiar and his adopted son MAMR Muthiah.

The senior Chettiar's announcement on Tuesday that he w... Read Full Story »

Exxon to set up $500m centre in Bengaluru

May-28-2015 | 0 Comments

Exxon to set up $500m centre in Bengaluru BENGALURU: Exxon Mobil, one of the world's biggest companies, is making a massive $400-500 million (Rs 2,500 crore - Rs 3,150 crore) investment in Bengaluru to establish a technical and business support services centre, multiple sources told TOI. The move comes at a time when international oil prices have plu... Read Full Story »

CVC leads race for $400m Serco arm

May-27-2015 | 0 Comments

CVC leads race for $400m Serco arm BANGALORE/MUMBAI: CVC Capital Partners, a global private equity house managing $71 billion in funds, has emerged the preferred bidder to acquire the Indian unit of business process outsourcing (BPO) major Serco Plc, valued at about $400 million, or Rs 2,500 crore, multiple people familiar with the matter said... Read Full Story »

Tatas no longer interested in Air India

May-26-2015 | 0 Comments

Tatas no longer interested in Air India NEW DELHI: The Tata Group has virtually ruled out re-acquiring Air India when the government decides to divest in it.

"That was 14 years ago (when Tatas were keen on buying back AI.) Not now," Tata Sons-Singapore Airlines (SIA) JV Vistara chairman Prasad Menon told TOI.

"SIA al... Read Full Story »

Genpact eyes Syntel acquisition

May-26-2015 | 0 Comments

Genpact eyes Syntel acquisition BENGALURU: Genpact's principal shareholder Bain Capital has evaluated the acquisition of Nasdaq-listed IT services firm Syntel, triggering speculation about another billion dollar consolidation move in the IT services industry.

Bain, along with Genpact, started looking at a possible acquisitio... Read Full Story »

Tiger top startup investor in Jan-Apr

May-25-2015 | 0 Comments

Tiger top startup investor in Jan-Apr BENGALURU: New York-based Tiger Global Management has emerged as the top investor in startups in India during the first four months of 2015. The private equity/hedge fund, led by Lee Fixel, which manages $10 billion in assets, was placed fourth during the same period last year, according to data available wit... Read Full Story »

After 18 yrs, Igate to delist from Nasdaq

May-21-2015 | 0 Comments

After 18 yrs, Igate to delist from Nasdaq BENGALURU: IT services company Igate is going to delist from the Nasdaq less than a month after French major Capgemini agreed to acquire it in a $4.04-bn deal.

The US-based company, with most of its workforce in India, said it will apply for termination of registration of the company common st... Read Full Story »

Wipro training 20k unicorns in e-push

May-20-2015 | 0 Comments

Wipro training 20k unicorns in e-push BENGALURU: Wipro is building an army of Unicorns that can bounce between code and design as it moves into the new world of artificial intelligence, analytics and robotics.

India's third-largest IT services company is training 20,000 employees to become what it calls Unicorns — people who hav... Read Full Story »

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