Just in: IT giant Infosys
Technologies on Friday, Oct 10 reportedly dumped the takeover bid
of British Consultancy Axon.
5:14 PM 10/10/2008
Bangalore, Oct 10: Infosys in a statement here on Friday, Oct 10 very firmly refused to increase its takeover offer bid for British Consultancy Axon. In late September smaller rival HCL Technologies offered 650 pence per share on Axon, trumping Infosys' 600 pence a share offer in August.
Infosys announced its quartelry profit of a 30.2 per cent
jump, helped by a weaker rupee, beating market forecasts. Infosys
said July-September consolidated net profit rose to 14.32 billion
rupees ($291 million) from 11 billion rupees a year ago. Infosys has a net profit of 13.99 billion rupees which has
ABN AMRO, Goldman Sachs and Philips Electronics among its
12:54 PM 10/10/2008