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Infosys, Infosys, Wipro scout to pick up stake in startups, raise investment bankers' hopes for more deals
Vishal Sikka at the helm of Infosys and Rishad Premji as head of strategy at Wipro scouting to pick up stake in startups focused on disruptive technologies have made investment bankers optimistic that country's moribund outsourcing sector could see more deals in the coming months.
GIC Re keen on more foreign buyouts; in talks with a Lloyds firm
India's sole re-insurer is planning an aggressive inorganic growth strategy to increase its global footprint.
HCL Infosystems ties up with Hamilton Beach
HCL Infosystems will market and provide a distribution network for products under Hamilton Beach brand for five years.
Government to hike IFCI stake to 51 percent, infuse Rs 60 crore
Finance Ministry would seek Cabinet approval to hike its stake in the IFCI to 51 percent by pumping in Rs 60 crore, and make it a "government company".
Liquor consignments worth Rs 70 crore held up that have failed to comply with the regulator's labelling rules
With the Food Safety and Standards Authority of India (FSSAI) stalling all imports of liquor which have failed to comply with the regulator's labelling rules, consignments worth Rs 65-70 crore are stuck for clearance at ports.
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