Chennai-based Gemini Communication signed an agreement to acquire the entire share capital of Clear Blue Llc
Media Release
Jun. 15, 2006

Chennai-based Gemini Communication Ltd (BSE:532318) on Wednesday said it has signed an agreement to acquire the entire share capital of Clear Blue Llc.

Clear Blue owns Internet Protocol and Intellectual Property Rights products in the wireless broadband space, the company informed the Bombay Stock Exchange.

After the acquisition, Gemini Communications would become the largest wireless broadband company in South Asia, it said.

The shares of the wireless networking company were trading at Rs 335, down 3.28 per cent at the BSE.

Chennai-based Gemini Communication signed an agreement to acquire the entire share capital of Clear Blue Llc
Media Release
Clear Blue owns Internet Protocol and Intellectual Property Rights products in the wireless broadband space, the company informed the Bombay Stock Exchange.
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Business Process Outsourcing firm ICICI One Source (I-One source) will open an on-shore delivery centre in Northern Ireland
Media Release
Business Process Outsourcing firm ICICI One Source (I-One source) will open an on-shore delivery centre in Northern Ireland, in a move that will mark its presence in European continent.
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Australia-India-Japan collaboration to make rail cars in india
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Composite parts maker Quickstep Holdings Ltd (ASX:QHL) has formed a joint venture targeting the growing Indian market, eying a $US4.2 million contract to help build new rail coaches.
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Media Release
The company has bagged the Rs 980 million order for the construction of a unit of 78 meter length overall (LOA) diving support vessel, the company informed the Bombay Stock Exchange.
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US wing of IT firm Scandent Solutions has acquired Nexplicit, an SAP (System Applications and Products) services provider
Media Release
SAP continues to dominate the enterprise solutions market and we are delighted to augment our presence in this area with the acquisition of Nexplicit, a SAP consulting partner, with an American blue-chip client base
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US conglomerate General Electric is angling for contracts to build maintenance and repair facilities in the country and has bid for a huge Defence Research and Development Organisation project
Media Release
The company is in talks with national carrier Air India and state-owned aircraft maker Hindustan Aeronautics Ltd (HAL) to set up a maintenance, repair and overhaul facility.
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Australia's leading bank Westpac on Sunday came under attack following reports of its plan to outsource more jobs to India
Media Release
Australia's leading bank Westpac on Sunday came under attack following reports of its plan to outsource more jobs to India by the end of this year.
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Western oligarchs join hand with Indian oligarchs to displace people from their jobs in America and Europe
Harish Baliga
Believe it or not the new trend is to ask American and European employees to train Indian imported cheap high tech labors (called cyber coolies) who will replace the trainers.
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