Bangalore, March 12: Electronic Data Systems (EDS) has acquired Bangalore-based software testing firm RelQ Software in a deal reportedly worth around $40 million. Although RelQ president and CEO Prakash Mutalik refused to disclose the financial terms of the acquisition, a company source said the takeover cost was around $40 million.
London, March 12: The Corus group, whose shareholders approved its takeover by Tata Steel last week, plans to list an additional 49 million ordinary shares of 50 pence each on the London Stock Exchange.
Calcutta, March 12: The Goenkas have raised their stake in CESC by 2.4 per cent to over 40 per cent after the allotment of 20 lakh shares. CESC said 20 lakh shares of Rs 10 each had been allotted to the management group at a premium of Rs 206.68 on conversion of warrants allotted to them earlier.
Bhubaneswar, March 12: The National Aluminium Company (Nalco) today announced a second interim dividend of 15 per cent on a total paid-up capital of Rs 644.31 crore for 2006-07.
New Delhi, March 12: Essar Steel has received approval of the government of Trinidad and Tobago for its proposed $1.76-billion plant in the Caribbean.
