HC appears disinclined to interfere in Aircel-Maxis case

The Delhi High Court today appeared disinclined to interfere in Aircel-Maxis case involving former Union Minister Dayanidhi Maran, saying the matter was sub-judice in a competent court. A bench of Chief Justice G Rohini and Justice Sangita Dhingra Sehgal expressed this view while reserving its order on a PIL for directions to CBI to move


Tablet shipments in India dip 5.6% on year; Datawind leads

Tablet shipments in India fell 5.6 percent on year to.0.98 million units, according to International Data Corporation (IDC). Shipments however rose 14.4 percent sequentially. Datawind led the market with 27.5% share, followed by Samsung with 14.7% share, the report said. The two were followed by iBall, Lenovo and Micromax. “Tablet market declined as consumer market


Synnex acquires Minacs BPO for $420 million

SYNNEX Corporation, US-based business process outsourcing firm, today announced that it has signed a definitive agreement to acquire BPO firm Minacs and integrate it into its Concentrix business segment. The purchase price is approximately $420 million subject to closing adjustments. India focused private equity players CX Partners and Capital Square partners have exited from Minacs


‘CBI charge sheet mala fide act of Indian govt against Devas’

Devas Multimedia today alleged that the CBI charge sheet against it was a “mala fide act” of the Indian government in retaliation for exercising their legal rights arising out of the “illegal” annulment of the Devas-Antrix contract. CBI had yesterday filed a charge sheet against Devas Multimedia, its then CEO and three directors along with