Infosys planned to make acquisitions in Europe. Infosys planned to make acquisitions in Europe. This was an effort of leveraging offshoring to cut costs, said the Indian IT company.
Investors
Loblaw purchases Shoppers Drug Mart for US$11.9 billion
Loblaw Cos Ltd. would buy Shoppers Drug Mart Corp for US$11.9 billion so that it could create a retail giant.
Central bank of India levies US$8.3 million in fines for 22 lenders
The Reserve Bank of India imposed US$8.3 million in fines for 22 lenders that flouted rules and regulations on anti-money laundering.
Altor to Acquire Second Biggest ski equipment maker Rosignol
Altor was geared to acquire a majority stake in Rossignol Group that include Weber Investment and the Boix-Vives family.
India picks five banks to supervise sale of Indian Oil shares
India’s government chooses five banks to administer the sale of its stake in Indian Oil Corp. The Indian government chose five banks that include the local units of HSBC Holdings and Citigroup Inc to administer the sale of its 10% stake in Indian Oil Corp.
Latest News
NVM invested GBP7 million in 100-year-old furniture maker, Buoyant Holdings. NVM Private Equity invested GBP7 million in 100-year-old Buoyant Holdings.
Foresight Group invested GBP3.5 million in the buy-in management buyout of Aerospace Tooling. Foresight Group announced that it invested GBP3. 5 million or US$5.
Amphivena Therapeutics Inc. successfully completed a US$14 million equity. Separately, the company signs an agreement with Janssen Biotech Inc for exclusive rights for acquisition.
TowerJazz announced the extension of its working relationship with International Rectifier (IR). TowerJazz announced the extension of its working relationship with International Rectifier (IR).
Movidus planned to offer a new computational image processor after new funding round. Movidus announced that it was now looking towards new applications for its chips.
AT&T Inc. was planning to takeover Europe's wireless carriers due to discount deals. Randall Stephenson, AT&T Inc. 's Chief Executive Officer, along with his top assistants were outlining a wish list of buyouts of Europe's wireless carriers.
An employee stock sale placed Kabam's value at US$700 million. Kabam's employees were allowed to sell common stocks worth US$38. 5 million. The results of the private transactions placed the value of the videogame maker to US$700 million.
Publicis Groupe announced that they made a US$15 million strategic investment in Jana Mobile. Publicis Groupe announced that they made a US$15 million strategic investment in Jana Mobile.
Altor's Fund III said that it would acquire Rossignol Group's majority shares. On Monday, Altor's Fund III stated that it entered an exclusive process to acquire Rossignol Group's majority shares.
