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CAC Corp completes open offer for Accel Frontline, raises holding to 61%

TMT

06 March, 2014

CAC Corp completes open offer for Accel Frontline, raises holding to 61%

Japan's CAC Corporation has raised its holding in Chennai-based IT services company Accel Frontline Ltd by picking additional 17.3 per ......

Wal-Mart may launch e-com marketplace in India

TMT

05 March, 2014

Wal-Mart may launch e-com marketplace in India

World’s largest retailer Wal-Mart Stores Inc is planning to launch an e-commerce marketplace in India, allowing other smaller vendors to ......

Airtel, Safaricom seek to buy Essar-owned Kenyan telco YuMobile

TMT

04 March, 2014

Airtel, Safaricom seek to buy Essar-owned Kenyan telco YuMobile

Kenyan telecom operator Safaricom Ltd and Airtel Kenya Ltd, the local unit of Indian telecommunication giant Bharti Airtel Ltd, have ......

VC-backed social media marketing and analytics startup Salorix shuts up shop

TMT

04 March, 2014

VC-backed social media marketing and analytics startup Salorix shuts up shop

Bangalore- and US-based Salorix Inc, a VC-backed social media marketing and analytics solutions company, has shut operations as it failed ......

Reliance Globalcom no longer for sale, eyes funding for growth

TMT

06 March, 2014

Reliance Globalcom no longer for sale, eyes funding for growth

Reliance Globalcom, the international unit of Reliance Communications Ltd, is no longer up for sale and may raise debt or ......

SaaS firm Vinculum raises Series B funding from IvyCap Ventures and Accel Partners

TMT

04 March, 2014

SaaS firm Vinculum raises Series B funding from IvyCap Ventures and Accel Partners

Vinculum Solutions Pvt Ltd, a SaaS (Software as a Service)-based software products developer for e-commerce and multi-channel retailers, has raised ......

Former Mid-Day chief Manajit Ghoshal floats media agency

TMT

28 February, 2014

Former Mid-Day chief Manajit Ghoshal floats media agency

Manajit Ghoshal, ex-MD and CEO of Mid-Day, has floated a company named Media Lounge Pvt Ltd with his friend Amardeep ......

Tech Mahindra to acquire BASF's third party IT solutions arm

TMT

28 February, 2014

Tech Mahindra to acquire BASF's third party IT solutions arm

Tech Mahindra Ltd has signed an agreement to acquire German chemicals giant BASF’s IT solutions arm which deals with third-party ......

OnMobile loses third CFO in 3 years as Rajesh Kunnath puts in his papers

TMT

27 February, 2014

OnMobile loses third CFO in 3 years as Rajesh Kunnath puts in his papers

Rajesh Kunnath, chief financial officer (CFO) of the country’s largest mobile value added service (VAS) firm OnMobile Global Ltd, has resigned ......

IAN sets up UK base, invests in London-based workforce management software startup SwiftShift

Technology

27 February, 2014

IAN sets up UK base, invests in London-based workforce management software startup SwiftShift

Indian Angel Network (IAN), a national network of angel investors that invests in startups and early-stage ventures, has......

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