US software company iGate along with private equity firm Apax Partners has agreed to acquire a majority stake in Indian software services major Patni Computer Systems on Monday for about $920 million.
The Indian software company in a regulatory filing said that iGate would buy out the promoter stake of Narendra Patni, Gajendra Patni and Ashok Patni approximating 43.6 per cent for about Rs 503.5 per share.
Tuesday, January 11, 2011
Thursday, January 6, 2011
Inflation up to 18.32% on veggie prices
Food inflation jumped up by 3.88 percentage points from 14.44 per cent recorded in the previous reporting week, and edged closer to the high level of 19.90 per cent, last witnessed a year ago.
Soaring onion and other vegetables' prices has led to a sharp rise in inflation at 18.32 per cent for the week ended December 25, a development that may prompt the Reserve Bank to tighten monetary policy to check further escalation in commodity costs.
Soaring onion and other vegetables' prices has led to a sharp rise in inflation at 18.32 per cent for the week ended December 25, a development that may prompt the Reserve Bank to tighten monetary policy to check further escalation in commodity costs.
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