Xenitis IPO : Xenitis Infotech plans IPO
Xenitis IPO : Xenitis Infotech Ltd (XIL), one of the leading PC and hardware component manufacturers in India, has applied to Sebi for tapping the capital market with an initial public offering (IPO) later this fiscal. The company has claimed in the draft red herring prospectus that the issue […]
Once considered the hot stock of the Dalal Street, technology stocks now seem to be losing their charm. In the last 12 months, while the BSE Sensex zoomed 39.8%, all top IT stocks be it Infosys, TCS, Wipro or Patni declined by double-digit percentages. Call it the rising rupee, impending taxes or analyst outlook, the […]
Persistent Systems IPO : Persistent Systems IPO Grade 4/5
CRISIL assigned an IPO Grade 4/5 to Persistent Systems IPO (PSL) of 4,974,836 equity shares of face value Rs 10 at a targeted price of Rs 375 a share.
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Allied Computers International got listed at Rs 21, or 75% premium over its issue price of Rs 12.
Within minutes of listing, the scrip touched a high of Rs 31.85 and over 1.39 million shares changed hands on BSE
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Tata Consultancy Services (TCS) today announced that it had won a four- year contract of over $200 million from Social Security Institute of Mexico (IMSS).
According to a release issued by TCS today, with over 3,70,000 employees and providing coverage to over 50 million Mexican citizens, IMSS is the largest organisation of its kind in Latin […]
MindTree Consulting today announced the signing of a definitive agreement to acquire 100% of the equity in TES-PV Electronic Solutions , the India-based, fully-owned subsidiary of TES Electronic Solutions SA.
MindTree will acquire Purple Vision in an all-cash deal of $ 6.55 million, and expects to expects to close the deal in 4-6 weeks. The transaction […]
TCS signs $1.2bn deal with Nielsen
The Nielsen Company, a leading provider of consumer and media information services, and India’s largest IT services provider Tata Consultancy Services (TCS), are entering into an agreement for outsourcing a portion of Nielsen’s information technology (IT) and operations functions worldwide.
Under the 10-year agreement, valued at $1.2 billion, TCS will assume […]
Chennai-based Dhanus Technologies (DTL), a company engaged in telecom, IT enabled services and BPO business, got listed at its issue price of Rs 295, on the National Stock Exchange (NSE).
The company touched a high of Rs 325 at the NSE, representing a 10% premium over its issue price of Rs 295. However, as the market […]
