Categories

Business Ideas
Business Opportunities
Corporate
Home Business
International Business
Management
Online Business
Public Company
Public Relations
Small Business

Popular Articles

Black Rose owner ran two ships in same name: CID
The mystery surrounding Black Rose, the Mongolian ship which sank near Paradip port a couple of months back, appear to be unfolding gradually with the officials of the Criminal Investigation Department (CID) unearthing some vital facts in their probe.

Sustaining growth
Business Standard / New Delhi January 1, 2010, 0:17 IST

News of the day

CAT blame game: IIMs and NIIT new targets
Even as day three of the computer-based Common Admission Test (CAT) continued to add to the anxiety of the student community, academicians have shifted the blame game from Prometric to the Indian Institutes of Management (IIMs) and NIIT, accusing them of adopting a highly casual attitude. Prometric bagged the contract from IIMs to conduct computer-based CAT this year in partnership with NIIT. “The IIMs could have done more than just outsourcing the exams to Prometric. By blaming Promertic, IIMs can’t acquit themselves. If one-sixth of the 304 test labs fail, it’s an absolute joke of an examination. A little control on part of the IIMs could have helped,” said a professor from a B-school which accepts CAT scores for admissions.
International Business

Infosys BPO to acquire US McCamish for initial $38 mn

IT bellwether Infosys Technologies today said its subsidiary Infosys BPO will acquire US-based McCamish Systems for an initial payment of $38 million (about Rs 176.6 crore). - "Financial inclusion, rural banking to drive growth" - Infosys, Nvidia to jointly set up technology centre - Wipro eyes buys in BPO space - "Client demand is beginning to come back" - India Eco Summit: Wipro eyes acquisition in BPO space - Infosys BPO eyes firms worth $50-200 million Infosys BPO has signed a definitive agreement to acquire all the outstanding interests of McCamish Systems LLC, Infosys Tech said in a filing to the Bombay Stock Exchange. "The upfront consideration for the deal is $38 million, with up to an additional $20 million payable to the sellers if McCamish Systems achieves certain financial targets in the future," the company added. The acquisition is expected to be completed later this year. "We look forward to this combination with McCamish and welcome an exceptional group of professionals with strong skill sets to the Infosys family who will enrich our service capabilities in the USA," Infosys BPO CEO & MD Amitabh Chaudhry said. The acquisitions is expected to enhance Infosys" capability to provide complete business solutions for insurance and financial industries. "Infosys BPO has in-depth knowledge of the insurance and financial services sector, and this deal reinforces our relationship position in providing business platform services," Chaudhry said. The combination is likely to enable McCamish to serve larger portfolio of transactions for clients and expand into global markets. Shares of Infosys Technologies were trading at Rs 2,336 on the BSE, up 1.18 per cent from its previous close.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

© Copyright 2009