Varun Sood
Stories by Varun Sood
India: The rift opening up at Premji entities over edtech investments
PremjiInvest, APF divided over the efficacy of online education companies.
Norway wealth fund’s advice to India’s Zomato: Let shareholders elect board members
The wealth fund had opposed a resolution allowing founder Deepinder Goyal to nominate one director.
Wipro chairman Azim Premji to hand over reins to son Rishad
Premji will continue as a non-executive director and founder chairman.
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 Min
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.
