Singapore state investor Temasek Holdings will invest US$200 million ($279 million) in the power unit of Indian conglomerate GMR Infrastructure, said two sources with knowledge of the situation.
Temasek will invest in GMR Energy through a structured paper that will be converted into equity, one of the sources told Reuters, adding a deal could be signed by the two companies as early as Friday.
Officials at Temasek and GMR Infrastructure declined to comment.
Secrets files of India’s missile projects, troop deployments and military schools have been stolen by hackers of the so-called `Shadow Network’, exposing unprecedented Chinese cyber offensive against India, dozens of other nations and the Dalai Lama, says a report by Canadian investigators.
In what has been termed the world’s biggest cyber spy ring, the Chinse hackers [...]
The ‘G-Fone’ brand from Bright Telecom has launched the G-588, a complete QWERTY keyboard, dual SIM along with dual mode in India. Dual mode means that the mobile phone would be able to be used in various modes such as GSM + GSM or GSM + CDMA.
The G-588 has a preinstalled Nimbuzz to make [...]
Indian hospital chain Fortis Healthcare (FOHE.BO) will buy 23.9% of Singapore’s Parkway Holdings (PARM.SI) from US buyout firm TPG Capital in an expansion drive into Asia and the Middle East.
The $959 million deal will give Fortis a foothold in Singapore and Malaysia and make it the biggest private hospital network in Asia, it said.
Fortis Healthcare, India’s fastest-growing healthcare company, has announced the acquisition of a 23.9% strategic stake in healthcare service provider Parkway Holdings from TPG Capital (formerly Texas Pacific Group).
Parkway has a network of 16 hospitals having 3,400 beds spread over six countries, including India. The deal size is estimated to be about US$685.3 million ($959.4 million).
Chinese hackers have tried to penetrate computers in the offices of National Security Adviser M.K. Narayanan, a British paper Monday quoted him as saying.
Narayanan said his office and other government departments were targeted Dec 15, the same date that US defence, finance and technology companies, including Google, reported cyber attacks from China.
“This was not the [...]
Singapore state investor Temasek Holdings, Standard Chartered Private Equity and buyout firm Kohlberg Kravis Roberts and Co. (KKR) are in the final round of discussions for a US$125 million ($173 million) investment in Indian Coffee Day Holdings Co., according to people familiar with the development, a report in India’s Mint newspaper said.
Coffee Day Holdings is the holding entity of Cafe Coffee Day, India’s largest cafe chain, Coffee Day Hotels and Resorts, broking firm Way2Wealth Brokers, venture capital firm Global Technology Ventures and Tanglin Development, which is developing technology parks in Bangalore and Mangalore.
The Election Commission says governing Congress party is heading for a major victory in three Indian states to elect local governments in the first major test of strength since it won a national vote in April. The Commission says that Congress is surging ahead of its main rival, Hindu
Finance Minister Pranab Mukherjee has announced that India would be an active partner in South-South experience exchange facility and would soon be making a contribution to this facility.
He was speaking at a function on Innovative Development: South-South Opportunity here late last night.
Mukherjee expressed the hope that donor countries can continue to support this facility and [...]
Bill Gates suggested during a visit to New Delhi that India needs to change its focus from low-end manufacturing to high-end research and development, the better to sustain the IT end of its economy and compete with China. Gates will also reportedly discuss a possible partnership between Microsoft and the Unique Identification Authority of India to issue standardized ID cards to Indias billion-plus citizens.
– Bill Gates advised India
to expand its IT horizons and concentrate more on high-end research and
development, as opposed to its current focus on technology manufacturing.
quot;At first some of that [IT boom] was built on low-cost labor, quot;
Gates said during his visit to New Delhi,
accordin…
India is fretting once again over a poor monsoon just as other signs point to a rebounding economy, exposing its nagging reliance on unpredictable seasonal rains  despite its rapid growth and modernisation in recent years. Unless India makes sweeping reforms to upgrade its fragmented and
Visiting Indian Prime Minister, Dr. Manmohan Singh, on Tuesday said that the participation of an Indian armed forces contingent in the Bastille Day parade on the occasion of France’s National Day, reflected the friendship and strategic partnership between the two countries.
In a statement issued after taking part in the event as the Chief Guest of [...]
