AIMING GLOBAL, INFOSYS BUYS UK CO IN MEGA-DEAL

After pharma, auto and steel companies, now it’s the turn of Indian infotech companies to go for mega acquisitions abroad. In probably the largest overseas acquisition by an Indian infotech company, Infosys Technologies, India’s No 2 software services exporter, has agreed to buy UK-based consultancy services firm Axon Group Plc in an all-cash deal valued at Rs 3,310 crore (around £407.1 million, or $753.1 million).

The Indian Express

India could attract $20 bn investment in 2008

The year 2007 is clearly the year that saw the rise of private equity funds. According to those tracking the industry, $13 billion (which is approximately Rs 55,000 crore) was invested in Indian markets in 2007. Simply put, a relatively new segment of investors have entered the scene and have pumped in Rs 55,000 crore into Indian companies. Ask any investment banker, and he will call the year 2007 a watershed year as all mandates for fund raising were completed and he is on track to receive a hefty bonus.

The Economic Times
http://economictimes.indiatimes.com/Market_Analysis/
Experts_forecast_20_bn_investment_in_2008/
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