Capgemini buys stake in Unilever's Indian services unit
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French IT services company CapgeminiÂ is acquiring a 51 percent stake in Unilever India Shared Services, a finance and accounting business process outsourcing (BPO) operation in India belonging to European consumer goods maker Unilever Group. The financial terms of the agreement were not disclosed.
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Nestle SA, the world's biggest food and drink company, will buy the medical nutrition unit of pharmaceutical company Novartis for $2.5 billion, the companies said Thursday.
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Wireless Internet company Tom Online Inc. on Friday said it signed a definitive agreement to buy a majority stake in Indiagames Ltd.
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NEW YORK -- Intelsat Ltd., the pioneering satellite operator founded by a multinational government consortium, is being acquired by a group of investment funds for about $3 billion in cash, the third major buyout in the industry disclosed this year.
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Barclays Bank is selling off its stake in Intelenet Global Services, a business process outsourcing (BPO) services provider that it owns jointly with India's Housing Development Finance Corp. (HDFC).
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INDIANAPOLIS - New Jersey-based health care products giant Johnson &amp; Johnson is buying Guidant Corp., one of the world&#39;s top makers of cardiac devices, for about $25.4 billion in cash and stock.
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US drugs firm Mylan says it will buy a majority share in India's Matrix, accessing emerging pharmaceutical markets.
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InfoWorld - Capgemini has agreed to acquire the software services company Software Architects to expand its presence in key U.S. cities, the French IT services provider said Thursday.
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General Electric is selling a 60% stake in its business process outsourcing subsidiary in India, for about $500m (Â£270m). GE was one of the first multinational companies to outsource back-office work, datacentre
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French advertising group Publicis said on  Thursday it had bought a 49 percent stake in interactive  marketing agency Business Interactif and would make a public  offer for the rest of the company.
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French IT services company CapgeminiÂ will have more staff in India than any other country by the end of this year, as it expands its offshore services delivery from that nation.
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One Equity Partners agreed to sell its stake in Quintiles Transnational, a big manager of clinical drug trials, to its C.E.O. and two buyout firms.
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PepsiCo. Inc., the world&#39;s No. 2 soft- drink maker, plans to buy General Mills Inc.&#39;s stake in their European joint venture for $750 million in cash, giving it complete ownership of Europe&#39;s largest snack-food company.
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(InfoWorld) - Barclays Bank is selling off its stake in Intelenet Global Services, a business process outsourcing (BPO) services provider that it owns jointly with India's Housing Development Finance Corp. (HDFC). The U.K. bank however plans to continue to get some of its work done in India, and will set up a wholly owned subsidiary in India. "Our sourcing operations have reached a scale where we would like full control over the operations," Laura Vergani, a spokeswoman for the bank said Monday. Barclays acquired a 50 percent stake in Intelenet from HDFC in 2004, with the balance held by HDFC. The U.K. bank said Monday that it and HDFC were selling their stake to SKR BPO Services, a company jointly owned by the management of Intelenet and by Blackstone GVP Capital Partners Mauritius V-B, a member of private equity investor Blackstone Capital Partners. The financial details of the transaction were not disclosed. Intelenet has gross assets of $107 million. Following the conclusion of the transaction, Intelenet will continue to provide services to Barclays in relation to certain processes currently offshored to India, Barclays said. Intelenet has also agreed to assist Barclays in establishing a wholly owned BPO operation in India which will serve Barclays incremental offshoring requirements going forward, it added. After its BPO subsidiary is set up, Barclays will move work from Intelenet to the new subsidiary, Vergani said. She did not however specify a time frame for setting up the subsidiary operation. Intelenet, with over 17,000 staff, services over 60 local and international clients from 18 locations across India. Barclays did not consider buying out the 50 percent stake held by HDFC, in its bid to have a whole owned subsidiary in India, as Intelenet services other customers besides Barclays, Vergani said. Forrester Research said recently that subsidiary operations were less cost-efficient than third-party outsourcing companies. General Electric, for example, sold in 2004 a majority of its holdings in its Indian subsidiary to two equity companies. The subsidiary now does work both for GE and for other customers. Some companies, including British retailer Tesco, prefer to run their own BPO subsidiaries for better control over the operations. Some of them use staff from local outsourcers, but that is usually to tide over temporary surges in demand for staff.
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German firm Deutsche Boerse buys a 5% stake in India's Bombay Stock Exchange (BSE), a report says.
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ElectricInvest Acquisitions Ltd., a division of Bahrain-based Arcapita Bank BSC, said Friday it will buy Viridian Group PLC, Northern Ireland's main power supplier, for 1.62 billion pounds ($3 billion).
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Johnson &amp; Johnson announced last night that will buy medical-device maker Guidant for $23.9 billion in cash and stock. The deal, approved by both boards but subject to regulator approval, is one of the largest