Corporate 5 WWW.ECONOMICTIMES.COM
Genpact to Buy EmPower Research
Japanese Net Company This acquisition will add signifi- PRESS TRUST OF INDIA cant expertise and intellectual prop- NEW DELHI erty to Genpact’s Smart Decision BPO major Genpact on Thursday Services business, comprising ana- Invests $200 M in InMobi said it will acquire media and busi- lytics, research, re-engineering and ness research firm, EmPower Re- risk management services, it added. search, for an undisclosed amount. “EmPower Research, a front-runner Genpact has signed a definitive in social media with a uniquely proc- SoftBank’s investment Mobile Money agreement to acquire EmPower Re- ess-driven culture, strong domain ex- in Indian co indicates search, which has strong capabili- pertise and high-calibre senior man- HALF THE deal amount of $100 ties in social media research, media agement team, is a fantastic fit for country’s emerging million will come this month monitoring and measurement, Gen- our business,” Genpact President while the balance will be pact said in a statement. and CEO NV ‘Tiger’ Tyagarajan said. strength in tech sector invested in April 2012
OUR BUREAU TILL DATE, the largest deal in BANGALORE Indian internet space is n one of the largest global deals acquisition of stake in Tutor- VltalSmarts in the mobile internet space, Vista by Pearson for .`577 cr Are you a real I Japanese internet major, Soft- Bank Corp, has invested $200 mil- AA lion in mobile advertising compa- INMOBI EXPECTS to use leader or just carrying ny InMobi. Half the deal amount this money to speed up ($100 million) will come this month acquisitions in global markets a title? while the balance will be invested and hire fresh talent in April 2012. “This deal is a clear demonstra- tion that a technology product FOR SOFTBANK, deal is seen Join us for an exclusive event company of global class can be as an opportunity to build built from India and is hugely in- synergies between other spirational for other entrepre- Asian internet companies “REAL SKILLS FOR neurs,” said Jacob Mathew, ma- naging director, Mape Advisory Group, an investment banking firm that tracks the sector. to speed up acquisitions in global LivingSocial raising $400 million REAL LEADERS” In a report on the future of tech- markets and hire fresh talent. from T Rowe Price and Institution- nology investments in the country, “This gives us a huge war chest to al Venture Partners and existing Knowledge event on Leadership, IDG Ventures, a private equity go after our ambition of building investors Lightspeed Ventures and MAHARASHTRA STATE ROAD DEVELOPMENT firm, had estimated that nearly the largest mobile internet compa- Partners and Amazon.com. Influence Change management I $7.5 billion of capital would flow in- ny in the world,” said Naveen Te- In June 2011, CSN Stores LLC, an CORPORATION LIMITED (MSRDC) ‘ to the sector by 2015. wari, who founded the company in online retailer of home and office (A Govt. of Maharashtra Undertaking) Piiyadarshini Park, Napean Sea Road, Mumbai -400 036. INDIA Till date the largest deal in the In- 2007 with angel investors includ- goods, said it has raised $165 mil- The Grand Hotel, New Delhi Tel.: 022-2368 6112, 2369 6109 Fax : 022-2368 4943, 23696110 dian internet space this year in- ing the Mumbai Angels. lion from Battery Ventures, Great C Email : [email protected] Websito : w.msrdc.org cludes the acquisition of a major In August, the company acquired Hill Partners, HarbourVest Part- 30th Sept 2011 stake in TutorVista by UK-based US-based Sprout, which creates ners and Spark Capital. , CORRIGENDUM NO. 2 publishing house Pearson for `. 577 rich media mobile advertising in Ram Shriram, founder of Sherpa- LEASING OF BUILT UP FOOD MALLAT TAJE, TAL-MAVAL, crore, valuing the five-year-old cash-and-stock deal valued up to lo Ventures, and one of the earliest DIST-PUNE ON PUNE-MUMBAI CORRIDOR ALONG company at around `. 1,000 crore. $50 million. Research firm Venture investors in the company, said: Key Note Speaker In the online commerce space, Intelligence estimates that there “This investment is a strong vali- YASHWANTRAO CHAVAN EXPRESSWAY (MPEW) th consumer deals provider Snapdeal have been over 17 deals across the dation of the mobile opportunity Ron McMi llan Further to tender notice published on 04 August, 2011 and raised $40 million from a clutch of Indian digital services industry in across the globe and InMobi’s abil- Internationally acclaimed New Corrignedum No. 1, following corrigendum is issued : investors at a valuation of `. 1,000 the first half of this year with a to- ity to exploit it.” York Times best selling author, 1. The sale period is from 16/09/2011 to 26/09/2011. crore. While e-commerce company, tal value of $197 million compared For SoftBank, this deal is seen as co-founder of VitalSmarts and 2. The date of pre-bid meeting is rescheduled on 19/09/2011 Flipkart raised $20 million from with about 15 deals worth $1,000 an opportunity to build synergies New York-based private equity million in 2010. between other Asian internet com- Covey Leadership Center. at 15.00 hrs. firm Tiger Global. Globally too, this deal has attract- panies in its portfolio and InMobi. 3. The last date of submission is rescheduled on 07/1012011 InMobi, which until now had ed attention as one of the largest I am delighted at this opportunity To know more contact Nidhi at upto 15.00 hrs . 1800-1021-345 (toll free) raised a total of $16 million in fund- for a venture funded company in to partner with InMobi, one of the 4. Date of opening of Technical Proposals is rescheduled on ing from marquee global investor the mobile internet space. world’s largest mobile ad net- WWrite to us at: events vitaIsn its-intha.com 07/10/2011 at 15.15 hrs. (if possible)possible) Kleiner Perkins Caufield & Byers Some of the big deals in the inter- works,” said Masayoshi Son, 5. Otherterms and conditions remain unchanged. and Sherpalo Ventured led by Ram net sector have come in the e-com- Chairman and CEO of SoftBank in Shriram, expects to use this money merce space with daily deals site a company release. Sd!- VC & MD Maruti to Resume Production on Monday — remained suspended at Ma- Earlier Thursday morning, OUR BUREAU nesar on Thursday. workers allegedly attacked a (MANESAR) HARYANA The company is, however, group of supervisors at the India’s biggest carmaker Maru- persistent in demanding that Manesar plant where 11 super- ti Suzuki will resume produc- workers sign visors were injured. The Gur- tion on Monday even as its 17- the Good Con- gaon police have detained one day deadlock with the striking The strike has duct Bond be- Dhiraj Soni on charges of in- workers remains unresolved. resulted in a fore returning juring some Maruti staff. The company announced production to their jobs. Striking workers, however, that due to the strike at its ven- loss of around “There has said that they were not involved dor Suzuki Powertrain India 10,000 cars been no in the attack. “We have nothing Limited the plants at Gurgaon and company change in the to do with the morning inci- and Manesar will remain has lost policy; the dents as claimed by the man- closed on Friday. Saturday is a revenue of bond needs to agement. In fact, one of our designated holiday on account `. 350-400 cr be ratified by workers was allegedly injured of Vishwakarma day. each of the by the management private se- While the company produced workers before resuming duty. curity and we are looking at fil- 220 units of its hatchback Swift We are observing utmost calm ing a counter case against the on Thursday, production at the even as there have been inci- company,” said Sunil Dutt, ex- company’s four major facilities dents of violence at the prem- ecutive committee member of — engines, casting, two-wheel- ises,” the company spokesper- the Maruti Suzuki Employees ers and the car assembly plant son said. Union for the Manesar plant.