Mumbai, Nov. 16: US-listed software company iGate plans to delist shares of its unit — Patni Computer Systems — from the stock exchanges and will offer shareholders a minimum price of Rs 356.74 a share. The delisting will be done through a reverse book building process and is expected to be completed by mid-2012. iGate plans to arrange a debt facility of around $215 million to fund the acquisition of shares.
New Delhi, Nov. 16: Telecom major Airtel has increased international call rates by up to 10 per cent for some destinations for all customers and reduced some benefits on add-on services for its pre-paid subscribers.
Mumbai, Nov. 16: Titan Industries has signed a binding agreement with Valfamily SA of Spain and Maison Favre Leuba SA of Switzerland to acquire the Favre Leuba brand for around 2 million euros.
New Delhi, Nov. 16: The government today approved mandatory packaging of 100 per cent of the production of foodgrains and sugar in jute bags during the current jute year.
New Delhi, Nov. 16: IT firm Happiest Minds has secured a $45 million Series A investment from Canaan Partners, Intel Capital, Ashok Soota and other founders of the company.
