Archive for November, 2010

India based multi-channel direct marketing platforms firm Jasper Infotech to raise $12 million from Nexus Venture Partners

Comments Off | 11-30-2010

India based multi-channel direct marketing platforms firm Jasper Infotech is to raise nearly $12 million from Nexus Venture Partners. Jasper Infotech owns group buying arm Snapdeal.com. The funds to be raised are to be used for the firm’s marketing campaign and overseas expansion.
Jasper begun as a start up two years ago, co-founded by entrepreneurs Kunal

Tags: , , , , , , , , , , ,
Posted in FDI news India, Finance Investment India, General | Read More

Capgemini acquires Thesys Technologies in an effort to expand its global delivery capabilities

Comments Off | 11-29-2010

Capgemini has announced the acquisition of Thesys Technologies in a bid to expand its global delivery capabilities for the Temenos-enabled core banking front-to-back solutions and product offerings, such as retail, corporate, universal, private wealth management, Islamic banking and microfinance to financial institutions.
The move as well bolsters Capgemini’s position as a leading core banking and wealth

Tags: , , , , , , , , ,
Posted in Banking Sector India, FDI news India, General | Read More

Abbott India board of directors approves proposal to merge the company with Solvay Pharma

Comments Off | 11-28-2010

India based drug firm Abbot India announced that its board of directors had approved a proposal seeking to merge the firm with Solvay Pharma. The proposal is a 2:3 share swap ratio. In a filling to the Bombay Stock Exchange, Abbot reiterated the swap merger would be under 2:3 ratio, and every two share(s) of

Tags: , , , , , , , , ,
Posted in FDI news India, General, Pharmaceuticals India | Read More

Valuemart Retail India acquires 59.86 per cent shareholding in Residency Projects and Infratech Ltd

Comments Off | 11-26-2010

Valuemart Retail Ltd has acquired a 59.86 per cent stake in Residency Projects and Infratech Ltd. Valuemart Retail India Ltd said it will be purchasing the stake from the target firm’s existing promoters. Based in Bangalore, Valuemart India is keen on bolstering its position and offering by acquiring new businesses and prospects. The firm is

Tags: , , , , , , , , , , ,
Posted in FDI news India, General, Retail Investments India | Read More

Tata Advanced Systems Ltd (TAS) picks up 74% stake in HBL Elta Avionics Systems Pvt Ltd

Comments Off | 11-24-2010

Tata Advanced Systems Ltd, a subsidiary of Indian auto manufacturing giant Tata reported it had acquired a 74 per cent stake in Hyderabad based avionics firm HBL Elta Avionics Systems Pvt Ltd. HBL Elta Avionics Systems Pvt Ltd’s remaining 26 per cent stake remains under its foreign partner ELTA Systems, a unit of Israel Aerospace

Tags: , , , , , , , , ,
Posted in Aviation India, FDI news India, General | Read More

Seedfund portfolio and digital printing service firm Printo.in acquires Lifeblob.com

Comments Off | 11-24-2010

Digital printing service firm Printo.in Tuesday acquired the photo sharing service firm Lifeblob.com. Based in Bangalore, Printo.in is a seed fund company and is the biggest network of print and documents services brand in India. Both Printo and Lifeblob are Seedfund portfolio companies.
The acquisition will go a long way in enhancing Printo.in’s offering in India

Tags: , , , , , , , , ,
Posted in FDI news India, General, Software & IT india | Read More

American private equity firm Warburg Pincus sells 4.08 per cent of its 7.45 per cent stake in Auto component firm Amtek India Ltd

Comments Off | 11-23-2010

Warbug Pincus announced it had disposed off about 4.08 per cent of its 7.45 per cent stake in Indian firm Amtek India Ltd. Warbug reiterated it had sold the stake in the Indian auto component manufacturer for an estimated Rs 35.73 crore. However, Warbug incurred a loss of 60 per cent on this investment. Warbug

Tags: , , , , , , , , , ,
Posted in FDI Statistics India, General | Read More

Indian Oil Corporation Ltd planning to acquire 26 per cent stake in Nuclear Power Corporation of India Ltd’s (NPCIL) project

Comments Off | 11-22-2010

State owned Indian Oil Corporation is mulling the acquisition of a 26 per cent stake in Nuclear Power Corporation of India Ltd’s 1,400 MW atomic power project at Kota. The project will be acquired for an estimated Rs. 900 crore. Nuclear Power Corporation of India is establishing the 1,400 MW power plant scheduled to be

Tags: , , , , , , , , ,
Posted in FDI news India, General | Read More

Thomson Reuters acquires fast growing legal process outsourcing firm Pangea3

Comments Off | 11-20-2010

Renowned global provider of intelligent information for business and professionals, Thomson Reuters Friday acquired fast growing legal process outsourcing firm Pangea3. Pangea3’s legal outsourcing process serves corporate legal departments and law firms worldwide. However, the terms of the deal were not disclosed.
For Thompson Reuters, the acquisition extends its strategy to develop world-class information, software and

Tags: , , , , , , , , , , ,
Posted in FDI news India, General, Telecom Investment India | Read More

Air France KLM picks up 26 per cent stake in Mumbai based Max Aerospace and Aviation Ltd

Comments Off | 11-19-2010

Air France-KLM reported it had purchased a 26 per cent stake in Mumbai based Max Aerospace and Aviation Ltd. The Franco-Dutch aviation firm Air France-KLM is mulling a plan that will see it create an aircraft components repair facility in India. Under the terms of the agreement, Air France-KLM and Max AeroSpace will jointly build

Tags: , , , , , , , , ,
Posted in Aviation India, FDI news India, General | Read More

© Invest in India | Investinindia.com