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KKR hikes stake in Aricent to 79% for $225 million
Kohlberg Kravis Roberts & Co (KKR), a global private equity fund, has announced that it has hiked its stake to 79 per cent in Aricent, a telecom software solutions firm in a deal valued at $225 million.

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BJP MLAs meet on Jharkhand govt formation
Newly elected BJP MLAs met today to decide on supporting JMM chief Shibu Soren as the new Chief Minister.

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Clinton set the pace for Indo-US relationship: State dept
Secretary of State Hillary Clinton has set the pace for the Indo-US relationship during her recent visit to India and both the countries have to work hard to deepen the cooperation and build on it, the State Department has said.
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Etisalat DB inks Rs 750-cr BPO deals

Etisalat DB Telecom India, a new telecom operator, has signed deals worth Rs 750 crore ($150million) with three Business Process Outsourcing (BPO) service providers. The company said it had entered into five-year outsourcing agreements with Tech Mahindra, Aegis and Conflux. Etisalat DB Telecom India is a joint venture between Dubai-based Etisalat and India’s Dynamix Balwas Group. The company has a licence to operate in 15 telecom circles. - Suzlon reinforces all faulty turbine blades - Nokia, Tanla in tie up for license mgmt, mobile payment services - CAT registrations dip 17% despite extension - AP Grameena Bank selects IBM"s hardware platform - Auto majors jilt Tokyo"s car show for Shanghai - Sugar stocks up on uniform price reports Under the deal, the three BPO service providers will set up contact centres to provide a host of customer management services, including billing, collections, customer service and retention, among others. The centres will also be responsible for the complete management of back office processes. Telecom subscribers will also have access to the contact centres through e-mail, chat and SMS, besides inbound and outbound calls. Tech Mahindra will manage Etisalat DB’s services in North and S West India, while West and Central India will be managed by Aegis. Conflux will service customers in Bihar.


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