Corporate | Infosys in talks with six clients to buy tech units

Corporate | Infosys in talks with six clients to buy tech units
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First Published: Thu, Jun 11 2009. 11 35 PM IST
Updated: Thu, Jun 11 2009. 11 35 PM IST
Bangalore: Infosys Technologies Ltd is in talks with five-six clients to buy their technology units, B.G. Srinivas, a senior vice-president, said in an interview.
The company is in discussions with two customers in the US and three-four in Europe, Srinivas said on Thursday over the telephone from London.
Bangalore-based Infosys, which provides computer services and back-office support to clients including General Electric Co. and General Motors Corp., is also competing for almost $3 billion in contracts from manufacturing companies, Srinivas said.
Bloomberg
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Sesa Goa acquires Dempo’s mining assets
New Delhi: Sesa Goa Ltd, a subsidiary of Vedanta Resources Plc. has acquired Dempo Group’s mines and mining rights for Rs1,750 crore in an all-cash deal, Sesa Goa said in a statement on Thursday.
The company said that the acquisition was funded by “existing cash resources”. The mining assets of Dempo Group are estimated to have around 70 million tonnes of iron ore. Dempo group is one of India’s largest iron ore exporters.
Staff Writer
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First Published: Thu, Jun 11 2009. 11 35 PM IST