RIL,
HFCL TIE UP FOR 4G LAUNCH
Reliance
Industries Ltd (RIL) plans to roll out its 4G network in partnership with Himachal
Futuristic Communications Ltd (HFCL), the group from which it acquired
pan-India airwaves for high-speed internet and data services in May 2010.
According to people familiar with the development, Reliance-owned Infotel Broadband will focus on key aspects of the network and monitor the rollout, but will leave ground-level execution and management to HFCL, which has prior experience of similar deployment.
According to people familiar with the development, Reliance-owned Infotel Broadband will focus on key aspects of the network and monitor the rollout, but will leave ground-level execution and management to HFCL, which has prior experience of similar deployment.
WOODLAND
IN TALKS FOR FIRST OVERSEAS ACQUISITION; LIKELY TO INDUCT STRATEGIC PARTNER
Aero
Group, makers of Woodland brand of footwear and apparel, is
in talks for its first overseas acquisition and may induct a strategic partner for
its international operations, a top executive said.
The company is in talks with three different makers of mainly specialised functional footwear, apparel and accessories in South East Asia and Australia, Aero Group MD Harkirat Singh said. The acquisitions will not only give Woodland a foothold in the specialized footwear category overseas but also give it a first-mover advantage in this space in India, Aero group officials said.
"We are raising funds internally for our first acquisition," Singh said, adding that the company may consider raising funds from private equity funds or opt for strategic partners in the near future to fund its overseas expansion plans.
The company is in talks with three different makers of mainly specialised functional footwear, apparel and accessories in South East Asia and Australia, Aero Group MD Harkirat Singh said. The acquisitions will not only give Woodland a foothold in the specialized footwear category overseas but also give it a first-mover advantage in this space in India, Aero group officials said.
"We are raising funds internally for our first acquisition," Singh said, adding that the company may consider raising funds from private equity funds or opt for strategic partners in the near future to fund its overseas expansion plans.
GENPACT
TO ACQUIRE ATYATI TECHNOLOGIES
BPO major Genpact said
it will acquire Atyati Technologies, a technology platform provider for the
rural banking sector in India, for an undisclosed amount.
The acquisition of Atyati Technologies provides Genpact with a technology platform in the rural banking space with last mile functionality, Genpact said in a statement.
The deal is expected to close in 3-4 weeks, subject to satisfaction of certain customary conditions. Terms of the deal were not disclosed.
Founded in 2006 and backed by India-based VC firm Ventur East, Atyati is based in Bangalore and at present is partnering with six large public sector banks and one private sector bank.
Its platform serves 2.5 million end-customers in 6,500 rural villages, with expected expansion to 9.8 million end customers in more than 16,000 villages by 2013.
Atyati's 60 employees will become Genpact employees and will work with Genpact's India-to-India and Global IT Services business, the statement said.
The acquisition of Atyati Technologies provides Genpact with a technology platform in the rural banking space with last mile functionality, Genpact said in a statement.
The deal is expected to close in 3-4 weeks, subject to satisfaction of certain customary conditions. Terms of the deal were not disclosed.
Founded in 2006 and backed by India-based VC firm Ventur East, Atyati is based in Bangalore and at present is partnering with six large public sector banks and one private sector bank.
Its platform serves 2.5 million end-customers in 6,500 rural villages, with expected expansion to 9.8 million end customers in more than 16,000 villages by 2013.
Atyati's 60 employees will become Genpact employees and will work with Genpact's India-to-India and Global IT Services business, the statement said.
Hi, your article is fantastic about Virtual CFO Services Bangalore thanks for your valuable information. We have though, originate that mainly of these SME companies are neither capable to afford a full time CFO nor are they able to be a focus for good CFOs, because of their size. Bangalore CFO Services
ReplyDelete