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Bumi raise PE investment of Rs 40cr from Alcazar Cap

Bumi is a specialist Geo Engineering Company serving the infrastructure sector. Bumi currently operates in India, Singapore, Dubai and Europe. Within India, it currently serves the power and urban infrastructure sub-sectors. Its projects involve several hydro-electric power plants and urban projects including the Delhi Metro. “This investment will help Bumi capitalise on the huge opportunity in Geo Engineering in India and abroad and consolidate its position as an Indian multi-national company in the Geo Engineering space,” said Mr. B Jaikumar, Chairman & MD, Bumi Geo Engineering Pvt. Ltd. Bumi was founded in 2002 by Mr. Jaikumar, an engineer, who has several years' experience in the field of Geotechnical Engineering and worked extensively in Japan, Singapore, Malaysia, Dubai and India. Bumi currently employs more than 2,000 people and is headquartered in New Delhi. […]

July 1st, 2008

Tyson buys 51% stake in Godrej Foods

Tyson Foods has purchased 51% ownership of Godrej Foods, a subsidiary of Godrej Agrovet, an Indian agribusiness company. The joint venture between Godrej Agrovet and Tyson will be called Godrej Tyson Foods Annual sales for the venture are initially expected to be in the range of $50 million and are anticipated to grow as operations are expanded. The venture includes one chicken processing facility in Mumbai, in western India, and another in Bangalore, in the southern part of the country. The two plants have a combined production capacity of 60,000 birds per day and have approximately 1,000 contract production workers. The Godrej processing operations are supplied by six contracted hatcheries and a network of contracted broiler operations, which produce live birds to the company's specifications. […]

July 1st, 2008

OnMobile acquires Telisma

OnMobile, India's leading and pioneering Telecom Value Added Services (VAS) provider today announced that it has acquired 100% of the leading European Speech Recognition company, telisma. The addition of telisma’s standards compliant speech recognition products & expertise will enable OnMobile to accelerate its penetration into fast growing emerging markets by developing new speech recognition language models. This technology enables quick and easy access to mobile applications and content and also strengthens OnMobile’s mobile applications product suite. Telisma was created in August 2000 as a spin-off from France Telecom’s Research and Development Laboratory funded by leading European venture capital firms. Telisma has a team of around 40 employees including 9 PhDs & 18 engineers and has its operations in Europe & India. […]

July 1st, 2008