Oracle ups bid for India's i-flex, shares soar
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MUMBAI/SAN FRANCISCO  - Oracle Corp.  boosted its offer for Indian banking software provider i-flex Solutions Ltd.  to $1.3 billion, driving up i-flex shares 17 percent to a record high.
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Stocks rose on the news that November  retail sales were stronger-than-expected and that Oracle Corp.  ORCL.O would buy rival business software maker PeopleSoft  Inc. PSFT.O in a $10.3 billion deal.
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Updated: Oracle receives tender offers for more than 60 percent of the outstanding PeopleSoft shares and calls for talks to reach a formal buyout agreement.
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Shares in Indian software services giant Tata Consultancy soar by 24% on their market debut.
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And slaps $1.3bn on Q2 bottom line Database giant Oracle said yesterday that it saw earnings jump by 35 per cent in its second quarter buoyed by strong sales of software licenses.â¦
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Oracle raised its hostile tender offer for PeopleSoft today to $24 a share from $21 a share. The higher bid, which values Peoplesoft at $9.
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Shares of software maker Oracle Corp.  rose as much as 8 percent in early trading on Wednesday, a day after the company posted strong quarterly profit fueled by steady demand for its flagship database products.
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Oracle&#39;s stock price rose on Wednesday after the software maker reported that its first-quarter profit surged 16 percent compared to last year, reaching $509 million.
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NOVEMBER 01, 2004 (IDG NEWS SERVICE) - Oracle Corp. extended what it called its &quot;best and final offer&quot; for rival PeopleSoft Inc.
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Oracle Corp. ORCL.O, the world's   biggest maker of database software, on Wednesday offered to pay   up to $531 million to lift its stake in its majority-owned   Indian software developer, i-flex solutions Ltd. IFLX.BO.
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Strong Q2 software sales pushed Oracle's total revenue up 28 percent to $5.3 billion.
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Ending 18 months of bad blood, Oracle raised its takeover bid for bitter rival PeopleSoft by 10 percent to seal a $10.3 billion deal that will create the world&#39;s second largest maker of business applications software.
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Last night, database maker Oracle (Nasdaq: ORCL) once again extended its $7.7 billion offer for business software provider PeopleSoft (Nasdaq: PSFT).
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Investors welcomed the end of Oracle Corp.'s 18-month battle to take over PeopleSoft Inc., pushing stocks higher Monday. A better-than-expected survey of retail sales also helped the markets.
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US stocks were set for a higher open on Monday, helped by news business software maker Oracle Corp. (ORCL.O: Quote, Profile, Research) struck a deal to buy rival PeopleSoft
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Oracle Corp. raised the stakes in its hostile bid for PeopleSoft Inc. Monday by increasing its offer to $24 per share, boosting the value of the proposed merger to $9.
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The share floatation of India's Reliance Power raises $3bn (Â£1.5bn), making it India's biggest initial public offering.