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ET Explainer: The platform opportunity for India’s IT/BPS servicesThe platform economy is expected to generate $35-45 billion revenue for the IT and business services sectors in FY2024.- After the buzz, investors are doing their own homework on AIBusinesses ranging from IT services and consulting to media, information and education are now under portfolio managers' microscopes to ass...
- Blackstone agrees to pick up majority stake in R SystemsBlackstone will acquire shares from Satinder Singh Rekhi and other promoters, who together hold 52% in the company. Blackstone will pay Rs ...
- Twitter queries banks on Elon Musk's attempts to undermine $44 billion dealTwitter sent dozens of civil subpoenas this week to global banks such as units of Morgan Stanley, co-investors in the deal including an aff...
- Tata Realty leases out 1.56 lakh sq ft Guragaon office space to PepsiCo, Johnson ControlsOf the total leased space, Johnson Control, the global leader for smart, healthy and sustainable buildings has leased 85,000-sq-ft office s...
- Advent to acquire Encora for $1.5 billionWhile Warburg owns 80% of the company, the rest is held by founder Venu Raghavan and the management.
- How Accenture makes millions scrubbing Facebook's sordid contentFacebook and Accenture have rarely talked about their arrangement. But their secretive relationship lies at the heart of an effort by the w...
- Blackstone buys 74% in ASK Group for $1 billionWall Street major Blackstone currently has around $50 billion assets under management. The company in the last 10 years has pumped in aroun...
- TaskUs IPO lands Blackstone 5x returnsBlackstone Group has made a partial exit from BPO firm TaskUs through a Nasdaq public offering, raising as much as $300 million, valuing th...
- iSeed launches second fund with $15 millionThe $15 million has been raised from global funds such as RTP Global, KAMCO Jedi Fund, CM Ventures, FJ Labs and Tribe Capital.
- Blackstone-owned auto parts firm Sona Comstar set for Rs 6,000-cr IPOThe company will be valued at $3 billion (Rs21,747 crore) in this proposed IPO, said one of the persons mentioned above.
- Sushmita Sen engages Indian women leaders in a web series, talks about empowerment at workTaskUs is particularly focused on achieving gender parity in India, a region where 53% of top businesses have a male to female employee rat...
- Facebook paid contractors to transcribe user audio filesFacebook has confirmed that it had been transcribing users’ audio and said it will no longer do so.
- AION buys BPO firm Interglobe Technologies from Rahul BhatiaInterGlobe Technologies (IGT) is the IT & back-office arm of travel major InterGlobe Enterprises.
- Blackstone acquires majority stake in BPO firm TaskUsFounded in 2008 by Bryce Maddock and Jaspar Weir, TaskUs has a presence in Bengaluru and serving a few of the Indian clients.
- Social media startup ShabdaNagari raises undisclosed amount from a group of investorsHindi-language focused social media startup ShabdaNagari has raised an undisclosed amount in bridge round from a group of investors.
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