Infosys to invest $4 mn in Israeli company Cloudyn
The Dollar Business Bureau World’s leading software company, Infosys Ltd, announced on Wednesday that it is investing $4 million (about Rs.27 crore) in an Israeli company - Cloudyn, which offers solutions for software as a service (Saas) for businesses and optimisation of hybrid, multi-cloud deployments. "Cloudn enables enterprises to manage and optimise their hybrid, multi-cloud deployments. The solution provides visibility into usage, performance and cost, coupled with actionable recommendations for confident cloud growth," Infosys said in a regulatory filing with Bombay Stock Exchange. The Mumbai-based IT company did not reveal the minority shareholding in percentage terms equal to the cash invested in the Israeli company, which also has its presence in the US. “The investment is likely to be finished on the ...
Godrej to amalgamate two overseas arms with itself
The Dollar Business Bureau In order to streamline its group structure, FMCG major Godrej Consumer Product Ltd (GCPL) on Friday said that it would merge its two fully-owned holding companies abroad with itself. Godrej Consumer Products US Holding Ltd (GCPUSHL) and Godrej Consumer Products Mauritius Ltd (GCPML) would be amalgamated with the GCPL. “Both the transferor companies are wholly-owned subsidiaries of GCPL. As per the scheme, GCPML and GCPUSHL will be amalgamated into GCPL,” the company said in a filing to Bombay Stock Exchange. However, the process will be subject to required statutory approval from the authorities in India and Mauritius, it added. The company further said that as both the firms are fully-owned arms of GCPL and are related ...
BSE to auction Rs 507-crore government bonds for FIIs
The Dollar Business Bureau Opening yet another opportunity for foreign investors, the Bombay Stock Exchange (BSE) on April 24, 2015 announced the auction of government debt securities worth Rs 507 crore for FIIs (Foreign Institutional Investors) to be held on April 27, 2015. "Live bidding session for allocation of debt investment limits for FII and sub-accounts shall be conducted on Monday, April 27, 2015 on Exchange’s platform,” the bourses said in a circular released on Friday. The announcement came a day after the Finance Minister, Arun Jaitley, said that the government will soon clarify the rules of the Minimum Alternate Tax (MAT) being imposed on overseas investors. The auction will take place at BSE's 'ebidxchange' platform from 1530 hours ...
