Varun Sood

India: The inside story of Mindtree shakedown

For now, Mindtree founders don’t have many options other than to delay the inevitable and negotiate for a smooth transition.


Why V.G. Siddhartha went with L&T, ignoring Mindtree promoters

Siddhartha, facing huge financial pressure, decided to sell his stake to L&T, leaving Mindtree vulnerable to a hostile takeover.


India: Mindtree board fails to decide on share buyback

A share buyback by the IT services firm could potentially push up the acquisition cost for L&T, which had earlier this week bought 20.32% stake in Mindtree.


India: Wipro’s venture arm deploys $65m across 18 startups in three years

Of its total investments, 14 are in the US, three in Israel and one in India—in Pune-based big data start-up Altizon Systems Pvt. Ltd.


India: IL&FS efforts to sell assets clouded by past failed attempts

IL&FS is planning to sell a majority stake in its financial services unit, as well as assets totalling Rs4,500 crore.


India: IL&FS plans to sell majority stake in financial services unit to pare debt

Disputes over contracts, delayed approvals for projects and rising interest rates have led to a cash crunch at the lender.


India’s Infosys to buy Finnish firm Fluido for $76m

The deal marks the second acquisition under chief executive officer (CEO) Salil Parekh, who took over nine months ago.


India: Infosys struggles to find buyer for distressed asset Panaya

If Infosys does not find a buyer quickly, there could be further write-downs over the next few quarters.


Infosys to let go of acquisitions Panaya, Skava made during Sikka’s tenure

Infosys bought the companies on Sikka’s watch. It spent $320 million on the two. Now, less than two years later, it has decided to sell them.


India: Infosys’ sour M&A deals pose challenge for new CEO Salil Parekh

The firm has shut down Noah Consulting, the company it bought for $70 million in 2015.