Indian M&A spiced with foreign flavour According to consultancy firm Grant Thornton, 42 cross-border deals with an announced value of $4.11 billion were carried out by Corporate India in May, while 32 domestic M&As garnered just $0.26 billion to their kitty.
L&T planning to raise $1 b thru forex bonds L&T CFO Y M Deosthaleethis said that the fund will seek to do the job of an anchor-investment for an infrastructure project, in which majority of finance will come from other investors both within and outside the country.
Indian IT mart still small, says Murthy Speaking at the induction ceremony of InStep programme for interns, on Monday, he said, "97.5 per cent of Infosys' revenues came from global markets, while Indian IT market was growing at a fast pace."
Six core sectors record 8.6% growth in 06-07 Petroleum, crude and refinery, coal, cement, steel and electricity, having a combined weight of 26.7 per cent in the Index of Industrial Production (IIP), registered a growth of 7.4 per cent in April.
IBM buys Telelogic for $743 m IBM offered 21 kronor in cash for each Telelogic share, about 21 per cent more than the closing share price on May 31.
People wait in line for the opening day of the Apple Worldwide Developers Conference 2007 (WWDC 2007) at the Moscone Center in San Francisco on Monday. Developers and IT professionals from around the globe come together for the Apple Worldwide Developers Conference that runs 11-15 June to connect with Apple engineers and get a firsthand look at the latest technologies. AFP
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