Indian outsourcer HCL acquires data centre in US

October 6th, 2009 CHENNAI - India's leading managed IT services provider Netmagic Solutions Tuesday unveiled its "green" data centre here to offer a range of third-party services in the tech infrastructure space. As the Mumbai-based company's fifth data centre in the country, the Chennai facility will cater to large and medium enterprises across verticals in the southern state of Tamil Nadu.

September 30th, 2009 Valeant Pharmaceuticals buys Private Formula Int.ALISO VIEJO, Calif. — Valeant Pharmaceuticals International said Wednesday it will buy Private Formula International Holdings Pty Ltd., a skin care company, to boost its dermatology portfolio.

September 10th, 2009 MUMBAI - Reliance Mobile Thursday launched a search platform with maps data, BIGMaps, on its GSM network, enabling users to search for any local information on an all-India basis, a top official said here. The company now plans to offer the service on the Internet soon, according to BIGMaps COO Manav Sethi.

September 10th, 2009 MUMBAI - Reliance Mobile Thursday launched a search platform with maps data, BIGMaps, on its GSM network, enabling users to search for any local information on an all-India basis, a top official said here. The company now plans to offer the service on the Internet soon, according to BIGMaps COO Manav Sethi.

September 7th, 2009 CHENNAI - Some time between Sep 20 and 25, India will launch a specialised satellite to watch over the Indian Ocean, an official of the Indian Space Research Organisation (ISRO) said Monday. Oceansat 2 will be launched by the Polar Satellite Launch Vehicle (PSLV) into a sun-synchronous orbit 720 km above the earth, the official said on phone from ISRO's launch centre at Sriharikota (Andhra Pradesh), 70 km from here.

June 24th, 2009 NEW DELHI - Pearson, a Britain-headquartered education and information company, will acquire 50 percent stake in Indian education resource provider Educomp Solutions for $17.5 million as part of an agreement signed between them Wednesday. The two companies will offer skills training as part of the agreement, a joint statement from the companies said.

June 13th, 2009 MUMBAI - Indian Hotels Co, which owns the Taj Group of hotels, has acquired Sea Rock Hotel, one of suburban Mumbai's oldest five-star properties, for Rs.680 crore ($143 million). The Tata-owned Taj Group announced late Friday that it has acquired 85 percent stake in ELEL Hotels and Investments, which owns the property on which Sea Rock Hotel is built in southern Bandra.

June 12th, 2009 BANGALORE - Economic meltdown and the US financial crisis have triggered a new trend: while many Western firms are selling off back office operations in India, a clutch of others are rushing in to reap the benefits. "The global financial crisis has forced many global enterprises to commoditise their captives," said Som Mittal, who heads sectoral lobby National Association of Software and Service Companies (Nasscom).

June 9th, 2009 BANGALORE - Gurgaon-based business process outsourcer (BPO) Genpact will train Bhutanese graduates to help develop the IT and IT-enabled services industry in the Himalayan nation, a company official said Tuesday. "We will begin with a batch of 50 graduates, who will be hired and trained at our operation centres," Genpact chief executive Pramod Bhasin told reporters here.

June 8th, 2009 WASHINGTON - Many Western companies have recently sold or closed back-office facilities in India, reversing a decade-long trend as companies look to slash costs and eliminate headaches during the recession, according to the Wall Street Journal. Citigroup Inc.

May 20th, 2009 MUMBAI - Norway's Telenor has acquired another 15.5 percent stake in Unitech Wireless, the telecom arm of realty major Unitech, for Rs.1,130 crore (Rs.11.3 billion/$237 million), taking its shareholding in the Indian company to 49 percent, it was announced Wednesday. 'Unitech Wireless on May 19, 2009, received an amount of Rs.1,130 crore in aggregate from Telenor Asia Pte Ltd for acquisition of further 15.5 percent stake in Unitech Wireless by way of issuance of fresh shares,' the Indian telecom operator said in a regulatory statement.

May 6th, 2009 NEW DELHI - Cash-strapped builder Maytas Infra Ltd is negotiating with its 17 lenders, including State Bank of India (SBI), according to official sources. "We have appointed certain committees.

March 6th, 2009 WASHINGTON - Putting servers to sleep when they're idle is part of an University of Michigan plan to save up to 75 percent of energy that power-hungry computer data centres consume. Data centres, central to cyber infrastructure, house computing, networking and storage equipment.

February 1st, 2009 NEW DELHI - The B.K. Modi-promoted Spice Group has fully acquired the Indian subsidiary of Dubai-based mobile handset retailer Cellucom.

January 18th, 2009 NEW DELHI - Telecom operator Tata Communications has acquired a 30 percent stake in Neotel, a South Africa-based operator, the Indian firm said Monday. Tata Communications picked up the stake from two other operators, Eskom and Transnet.