Connect to pump in Rs.150 cr. To expand broadband and business Connect is investing Rs.150 cr. In Punjab to expand its broadband business. HFCL infotel brand already invest 1500 cr. in se broadband ,CDMA and landline service. Company expanding its optical fiber network 4500km to 5000km to cover more area . Acquisition between Connect and Videocon will open all circle for connect for which Videocon has license.
Motorola may lunch tablet computer by 2011 To gain market share in another segment of market Mobile phone giant Motorola is looking for its tablet computer early next year.
Reid & Taylar’s $250 IPO by year end Reid & Taylar’s plan to hit the market with its $250m IPO by end of 2010 Nitin kashwal-led Reid & Taylar’s is 75% owned by SKNL while the balance is held by Singapore
Small IT firms seem ripe for consolidation Acquisition of Kale Consultants by French Airline solution provider acelya holding is expected to trigger a wage of impending consolidation among small sized it. These firms can hope for good valuation because of significant interest of vendors in the Indian market.
Kale Consultants is specialise in the travel industry and able to sell their entire 35.6% stake at Rs. 95.52 cr. Small IT firms profit is decline sequentially due to billing pressure from clients.
Indian IT created 7000 jobs in U.S. in Aug. Indian IT companies created 7000 jobs in U.S. in last month. 2.5 lakh jobs over the last three years Nasscom president Som Mittal had wanred that if working in U.S. become pain then $50b IT industry set another business model to create job in India.
HP to buy Arcsight for $1.5b HP the world biggest PC maker agreed to buy Arcsight for $1.5b gain security software. Arcsight investor will receive $45.50 share. Arcsight acquisition will help HP serve the data center market and for growth strategy. Arcsight also specialized in programs for compliance of computer system.
Spurt in ‘green’ wear range likely as demand soars popularity grows despite organic clothing 30% higher Eco-friendly has acquired a business in retail. Apparel retail has many examples who are going to adopt this business e.g. Wills Lifestyle , Van HEUSEN, Benetton, S Kumar's nationwide and Arrow . For eco-friendly conscious consumes. Currently less than 1% organised brand in this market have value Rs.32000cr.