Subex unveils groundbreaking new OSS and BSS solutions at Management World Nice
Subex Limited, a leading global provider of Operations and Business Support Systems (OSS/BSS) for communications service providers, is unveiling a new version of its industry-leading Revenue Operations Center (ROC) and is launching new products in its Revenue Maximization and Fulfillment and Assurance business lines. [...]

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US foreclosure filings surge 65 percent in April
In April 2008 more U.S. homeowners fell behind on mortgage payments, driving the number of homes facing foreclosure up 65 percent versus the same month last year and contributing to a deepening slide in home values.
One in every 519 U.S. households received a foreclosure filing in April. Foreclosure [...]

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India’s Power Finance signs MoU with Ex-Im Bank of U.S.
Power Finance Corp Ltd. (PFC) announced that it has signed a MoU with Ex-Im Bank of the United States so that PFC’s borrowers can use Ex-Im bank’s facility for project-related imports from the U.S. during the next two years.
PFC, which is biggest Indian power finance company [...]

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HP agreed to buy EDS for USD 13.90 billion
Hawlett Packard, has agreed to buy EDS for USD 13.90 billion or at $25 per share. The world’s largest personal-computer maker will buy technology outsourcing company Electronic Data Systems in all cash deal. On this news EDS stock was up 28% yesterday
HP said the transaction will be [...]

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Reliance Power acquires Coal Mines in Indonesia
Reliance Power Ltd has announced that Reliance Coal Resources Pvt Ltd, a wholly owned subsidiary of Reliance Power Ltd has entered into a definitive agreement to acquire 100 per cent

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Aztecsoft - MindTree to Acquire Majority Equity Interest in Aztecsoft Ltd
Aztecsoft Ltd has announced that the Company has received intimation from MindTree Ltd (”the Company”) that in the Board Meeting of MindTree Ltd held on May 02, 2008, they have considered and unanimously approved the proposal to acquire 14,655,280 equity shares of Rs 3 each [...]

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Reliance Communications - Reliance Globalcom unit Reliance Infocom BV, Netherlands acquires Global WiMAX Operator eWave World”
Reliance Communications Ltd has announced that Reliance Infocom BV, a division of Reliance Globalcom and wholly owned subsidiary of India’s largest integrated telecom operator Reliance Communications, on April 24, 2008 announced acquisition of a controlling stake in eWave World, a [...]

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Wipro - Business Outlook
Wipro Ltd has announced the following Outlook for the Quarter ending June 30, 2008:
Azim Premji, Chairman of Wipro, commenting on the results said “2007-08 was an eventful year for Wipro. Revenues for the combined IT business achieved $4.3 billion. For the quarter, we recorded Revenues of $959.9 million which was ahead of [...]

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Lanco Infratech wins 3300 MW Power Projects in Uttar Pradesh
Lanco Infratech Ltd (LITL) has announced that the Company has won two super critical power projects with an installed capacity of 3300 MW in Uttar Pradesh. The bids called by the Uttar Pradesh Government for development of the two thermal power projects viz., Prayagraj of 1980 [...]

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Tata Motors to purchase Ford’s Jaguar Land Rover
Tata Motors Ltd on March 26, 2008 announced that it has entered into a definitive agreement with the Ford Motor Company for the purchase of Jaguar Land Rover, comprising brands, plants and Intellectual Property Rights.
The transfer of ownership to Tata Motors is expected to close by the end [...]

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