Maha Govt.: Smitten by the digital bandwagon
Sairaj Iyer When a noted Indian film maker in a fire-side chat said that digitization is both a power and danger for the movie industry, it wouldn’t have crossed anyone’s mind about government services, to fathom how digital initiatives could impact their lives. Although Mumbai, the capital of Maharashtra, doesn’t need any introduction to technological-preparedness and digital services, but an Indian govt office even in the cosmopolitan city cannot shirk away the image of piles and piles of paper files stacked one on top of the other! Government services are synonymous with paper chits, lengthy paper forms, that are crude and rudimentary to say the least. Digitization would seem like a manna to those in the govt offices entrusted with the herculean ...
CCI approves Blackstone and Mphasis deal
The Dollar Business Bureau The Competition Commission of India (CCI) on Monday cleared the multi-billion dollar deal of Blackstone to acquire more than 50% stake in Mphasis from Hewlett Packard (HP) enterprise. The regulator declared on its website that it has cleared the deal and that Marble II Pte Ltd., a part of Blackstone Group, would complete this acquisition. In April, Blackstone had announced that it will acquire around 50% stake of Hewlett-Packard Enterprise (HPE) in Mphasis for over Rs.7,071 crore, marking it the largest IT deal for a US-based firm in India. HP owns 60.5% stake in Mphasis. Blackstone may pay a purchase price of Rs.430 per share to Hewlett-Packard Enterprise. This transaction would generate a mandatory open offer for a purchase of other 26% ...
