IT Partners Seek More Clarity On GST Implementation
Mumbai: In a major step towards the ‘uniformed tax’ economy, a council of federal and state governments, announced the four main...
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Competition Commission Of India Sanctions CSC, HPE Partnership Deal
Competition Commission has approved the proposed merger deal of Computer Sciences Corporation (CSC) with enterprise services segment of Hewlett Packard Enterprise (HPE). The partnership deal will emerge as a pure play IT services companies. According to the deal, announced in May, CSC would merge with Everett Spinco - a wholly-owned subsidiary of Hewlett Packard Enterprise (HPE) that holds the enterprise service business. In a tweet, Competition Commission of India (CCI) said it has approved the “demerger of Enterprise Service Business of HPE into Everett Spinco; the latter to become subsidiary of CSC”. Post...
CCI Sanctions HCL’s Geometric Deal
Competition Commission has cleared IT company HCL Technologies’ equity swap deal to buy the business of GeometricLtd. Earlier in April, HCL Technologies and Geometric Ltd signed an agreement for the deal. As part of the transaction, HCL would issue 10 shares to shareholders of Geometric for every 43 shares held by them in the company. Read Also: Blackberry Appoints HCL Infosystems As National Distributor The final deal excludes Geometric’s 58 per cent stake in 3DPLM Software Solutions Ltd - a joint venture with Dassault Systems according to ET report. It is...