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Examples
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HCL Infosystems tumbled 5.7% to 98.60 rupees and Mahanagar Telephone Nigam fell 0.6% to 44.70 rupees after India's Central Bureau of Investigation filed a case against the companies Wednesday in connection with a probe into some contracts related the Commonwealth Games that India hosted last year.
India Shares End Flat Ahead of Factory Data Sudeep Jain 2011
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HCL Infosystems said officials from the investigative agency met some of its executives and that they were cooperating with the probe.
India Shares End Flat Ahead of Factory Data Sudeep Jain 2011
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Rajiv Kaul, chief executive of CMS Infosystems, which also manages infrastructure for banks, cautions that operational expense may not come down.
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BANGALORE -- KPIT Cummins Infosystems has agreed to buy a 50% stake in business technology service provider Systime Global Solutions for nearly $23 million, as Indian software exporter seeks to rev up renveue growth to become a $500 million company by 2013.
KPIT Cummins to Buy Stake in Systime Global Dhanya Ann Thoppil of Dow Jones Newswires 2011
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That game is over, says Rajiv Kaul, executive vice-chairman and CEO, CMS Infosystems.
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IT company InfrasoftTech has entered into a definitive agreement with KPIT Cummins Infosystems to acquire the latter's diversified financial services DFS unit over the next few quarters.
Deals India: Morning News Roundup DEALS INDIA STAFF 2011
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Executives at MTNL and HCL Infosystems weren't immediately available for comments.
CBI Probes Commonwealth Games Broadcasting Contract R. Jai Krishna 2011
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The Central Bureau of Investigation said in a statement that state-run MTNL gave the contract for a broadcast network "at an exorbitant price" by "manipulating the specifications in such a manner as to make them tailor made" for private-sector computer maker HCL Infosystems.
CBI Probes Commonwealth Games Broadcasting Contract R. Jai Krishna 2011
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NEW DELHI –-Indian investigators Wednesday filed a case against some executives of Mahanagar Telephone Nigam Ltd. and HCL Infosystems Ltd. related to a 5.70 billion-rupee $126 million contract given during the Commonwealth Games held in New Delhi last October.
CBI Probes Commonwealth Games Broadcasting Contract R. Jai Krishna 2011
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That game is over, says Rajiv Kaul, executive vice-chairman and CEO, CMS Infosystems.
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