Four Soft to buy FWL

Mumbai, Oct. 23: Logistic software solution provider Four Soft has entered into an agreement to acquire the freight and shipping business of UK-based FWL Technologies for a total consideration of Rs 10-12 crore. The acquisition includes IP, staff, customer contracts and business assets, a Four Soft release said here today. The buyout will enable Four Soft to expand into shipping liner software business, while further consolidating its coverage in the transportation and logistics vertical, it said.

Intel boss

Mumbai, Oct. 23: Intel Corp chairman Craig Barrett is coming to India on a two-day visit on November 2. His primary aim is to drive the ‘World Ahead Programme’ with communities, government and academia.

Oil & gas

New Delhi, Oct. 23: The petroleum ministry has opposed making any commitment in the area of oil and gas marketing by foreign companies as part of India’s response in the services negotiations of the World Trade Organisation.

Jindal plan

New Delhi, Oct. 23: Jindal Stainless has no immediate plans to acquire Thailand-based company Thai Nox, but admitted that it is scouting for acquisitions in the overseas market.

Palm oil rates

New Delhi, Oct. 23: To check prices of essential commodities, the government today extended 10 per cent customs duty cut on the palm group of oils to two more months till December 31.