Hyderabad, May 27: Infosys is interested in acquiring companies that are 10 per cent of its size, chief executive officer and managing director Kris Gopalakrishnan said here today. “It will be difficult to integrate larger companies with us. We expect $5.5 billion revenue this year. So, ideally, we are looking for companies with $500-million turnover or less,” Gopalakrishnan said.
Mumbai, May 27: Essar Shipping Ports & Logistics will raise up to $500 million (about Rs 2,340 crore) by issuing shares to global investors. The company’s board of directors has approved the issuance of foreign currency convertible bonds, global depository receipts, American depository receipts or any other instruments convertible into shares to raise the amount.
New Delhi, May 27: Cairn India today reported a 12-fold rise in consolidated net profit at Rs 245.19 crore in the quarter ended March 31, 2010 on the back of rising oil production from its Rajasthan fields. Cairn had reported a consolidated net profit of Rs 18.68 crore a year ago.
