Rohan Murthy, son of NR Narayana Murthy, was appointed vice president of Infosys, said people who have direct knowledge regarding the development in the company.
Firm Management
HopFed Bancorp reports terminated merger
HopeFed Bancorp Inc. announced today that it had signed a Mutual Termination Agreement to end a previous merger contract with Sumner Bank & Trust of Gallatin Tennessee.
Uber confirms raising USD258 million from TPG and Google Ventures
Uber, a startup company, confirmed that it had raise a total of USD258 million from Google Ventures and TPG and had taken several new members into its Board of Directors.
Brazil Real surges on USD60 billion plan
The central bank of Brazil had created an intervention plan of USD60 billion in loans and foreign currency swaps as inflation threatened the country's economy following the plunged of the real to a four year low this week.
Microsoft CEO wealth totals USD786 million as Ballmer retires
Microsoft CEO Steve Ballmer would sit as the second biggest shareholder in Microsoft, after co-founder Bill Gates, after his retirement to follow in the next 12 months.
Latest News
Barring announced it plans to buy a controlling stake in Hexaware for INR1.6 million. Baring Private Equity Asia planned a controlling stake purchase in an outsourcing firm in India.
American Airlines and US Airways Group had sought for a trial that would rescheduled an anti-trust lawsuit filed against the proposed merger of the two airline companies.
Bats Global Markets Inc. and Direct Edge Holdings LLC had been in merger discussions that would create two of the biggest stock exchanges in the US.
Microsoft CEO Steve Ballmer announced his retirement within the next 12 months through a statement issued on the company's website.
Cablevision Systems shares jumped to 42% within an eight week period after speculations on a possible sale heated up and shareholders Paulson & Co. and Gamco Investors Inc. said that a sale is likely.
Taulia raised USD18 million in Series C funding led by Germany's Klaus Hommels among others. In a bid to expand to Europe and develop products and personnel, the company had raise USD18 million in Series C funding.
Sources said Alibaba Group Holding would like to keep board control after its initial public offering in Hong Kong.
Regenerative tissue engineering firm TissueTech Inc closed its latest round with USD 10 million. TissueTech Inc successfully closed its latest fundraising round.
Germany-based North Channel Bank acquired California-based NorthStar Life Services LLC that would strengthen its presence in the life settlement industry.
