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Polyplex has recently declared that there has been some changes that were made in the share holding of its subsidiary. The allotment shares by Polyplex- Thailand which is listed on the Stock Exchange of Thailand has undergone certain changes. The ordinary share that includes the purchases from open markets has increased from 51% to 54.08%. The company's direct stake in Polyplex Thailand before the allotment
Larsen & Toubro Limited, India's biggest builder of power plants and roads, has selected advisers to prepare an initial public offering of 10 billion rupees or $150 million for its ancillary L&T Technology Services Limited, said ones with knowledge of the matter. The conglomerate based in Mumbai is working with Kotak Mahindra Bank Limited, JM Financial Ltd. and Bank of America Corp. on the engineering services unit's listing, according to the people, who asked not to be named be
Infosys Limited, Asia's 2nd largest exporter of software services by value, plunged the most in 9 months after the Chief Operating Officer, U.B. Pravin Rao said that spending by clients continues to be volatile and might hit profit margin in short term. On Thursday, the Bengaluru, India-based company's shares fell 4.3 percent to 1,185.50 rupees in Mumbai. This is recorded to be the biggest drop since 24th August. Infosys expects short-term, or qua
THE Colibrium Board of Directors of Hinduja Global has announced today that Mark Poling has resigned as Chief Executive Officer and is leaving as a founder so that he can pursue other interests. Thus, he is no more a shareholder of HGS Colibrium Inc. As a result, the effective shareholding of Hinduja Global has increased from 89.9% to 95.2%. Ramesh Gopalan, theExecutive Vice President and Head of Healthcare Business at Hinduja Global Solutions Limited
Wipro has recently received the Biggest Win Partner now awards for the category of sales partners from Service Now. The award which is recognized throughout the globe was awarded to Wipro for being a part of Knowledge 2016. It is the largest gathering of the service management of professionals using the services of enterprise cloud. Kiran Desai, the Senior Vice President and Business Head for the global infrastructure Services of Wipro has stated that the Partner Now Award is a ref
The prestigious award Global Telecoms Business Innovation award 2016 has been awarded to Subex along with BTC Botswana under the category of Business Service Innovation. Subex along with BTC Botswana had entered a strategic partnership to reduce the revenue leakage along the revenue chain in a Managed Service Engagement through ROC. As a result, a leakage of US 3 Millon Dollars had been identified. It was the fifth time that Subex had been able to win this esteemed award making a mark in this transient world of
As per SGX, Nifty is expected to open gap down by 14 points. Markets are eyeing BREXIT and the US FED meet. Stock Market Today by Shailesh Saraf
Zee Learn has recently made an undesirable comments about the proposed merger of Zee Learn and Tree House Education & Accessories Ltd (THEAL) related to recent developments that were unsubstantial. The merger was first mooted on December 2015, then the performance of THEAL appeared brilliant and so was their prospects. Based on these, independent experts had arrived at a certain merger ratio, which earned its approval by the boards of both the companies, subject to shareholders' approval.
Bharti Infratel an independent tower company of the Bharti Group is in conversation to acquire Tower Vision India. Tower Vision India is a company which is owned by a group of international financial investors. This has been told by two people familiar with the development told ET. "Tower Vision, which has about 8,500 towers with a tenancy ratio of 1.8, is expected to be valued at about Rs 4,000 crore, including debt of about Rs 1,000 crore," said one
A global leader in the field of engineering, design-led manufacturing, and aftermarket solutions, Cyient Limited inaugurated a new global design center in Bengaluru today. This newly established center is for SMEC which is an Australian professional services company recognized around the world for providing high-level consultancy services on major infrastructure projects. The facility is a dedicated center of excellence built as well as operated by Cyient. It is SMEC's first offshore design center which will support its global des
