Bangalore based mid-sized IT company, Subex systems, has acquired UK based telecom products company Azure solutions for $ 140m (Rs 630 crore) in a cash-cum-stock deal. The acquisition is the largest overseas acquisitions by an Indian company.

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The international luxury brand, Armani, has recognized that the time is ripe to set shops in Indian market. It will set up stores in India in metro cities such Delhi and Mumbai by 2007. It will be interesting to see the nature of its entry. Wether it will tie up with a partner or enter directly to sell its products will largely depend on the segment of populations it wants to target.

Armani’s decision to set stores in India comes after closely studying the Indian market place for a long time and registering a sales growth in asian economies such as China.

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India Inc. is attracting some big investments in manufacturing sector. After Finnish mobile sets manufacturer Nokia and German automobile manufacturer Volkswagen decided to set up their R&D and manufacturing hubs in India, Its now the turn of the American Giant Boeing to spread its wings in India. The American airline manufacturer will set up its $100-m  hub in Nagpur, Maharastra. Boeing’s set up in India will be a maintenance repair overhaul (MRO) hub .

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Tata consultancy Services, India’s largest software exporter is on a global expansion spree. The company having registered a robust 50% growth in its revenues from European region will expand its presence in eastern european economies such Hungary, Romania etc. These countries offer TCS with low cost talented human resources and helps TCS to deliver to its european clients more effectively.

A detail report can be read here 

Kohlberg Kravis Roberts & Co., a U.S. based private equity firm has agreed to buy the Indian software development unit of Flextronics International Ltd. The acquisition will be the largest leveraged buyout and technology investment in India to date, according to data providers Venture Intelligence India. The acquisition priced at around US$900 million will be Kohlberg Kravis Roberts & Co.’s first purchase in India. Read more

The costs involved in offshore operations is not just about the salaries. There are several other costs that should be taken into consideration before deciding onto the budget of setting the offshore operation. Some of these include:

* Acquiring a legal identity in the new country i.e. legalization (or incorporation).

* Acquiring office space with all the necessary logistics for operations.

* Acquiring business partners/associates for outsourcing some of the operations such as HR sourcing, auditing, taxation, legalization etc.

* Acquiring corporate housing.

* Other compensations for the employees.