HCL Tech to provide data centre services to AstraZeneca

HCL will be responsible for managing AstraZeneca's entire data centre environment across over 60 locations globally

IT major HCL Technologies said it has been selected as a strategic partner to provide infrastructure outsourcing services to bio-pharmaceutical firm AstraZeneca.

However, no financial details of the deal were disclosed.

As part of the five-year engagement, HCL will be responsible for managing AstraZeneca's entire data centre environment across over 60 locations globally, including hosting and migration of some of the existing large data centers, HCL Technologies said in a statement.

In addition, HCL will manage AstraZeneca's global collaboration environment including email, messaging and collaboration services for users worldwide.
HCL will also deliver transformational projects including server virtualisation, storage and backup transformation and implementation of the hybrid cloud.

"In today's economic environment, organisations across the world are facing unique challenges of rising operational and input costs, demanding customers and changing regulatory environment," HCLT executive vice president and head (global infrastructure services) HCL ISD R Srikrishna said.

On Tuesday, HCL Tech ended at Rs392.90 per share on the Bombay Stock Exchange, 4.57% down from the previous close.

User

Srei Infra to raise Rs500 crore in January 2012

Srei has not issued retail infrastructure bonds so far, though the tax-saving tool has been available for the last two years

Srei Infrastructure Finance Ltd has decided to raise up to Rs500 crore through a public issue of infrastructure bonds.

"The company board approved the Rs500 crore secured, non-convertible, redeemable infrastructure bond and the issue will hit the market by early January 2012," Srei Infra Chairman Hemant Kanoria told PTI.

Srei has not issued retail infrastructure bonds so far, though the tax-saving tool has been available for the last two years. Srei officials declined to provide a figure on the rate of interest of the bond as it was not yet finalised and an application has not been filed with the market regulator. However, they indicated the rate would not be higher than 9%.

Srei officials said the company would tap the 30,000-odd client base of the group and its distribution network along with normal capital market distribution channels for the issue. In the 2011-12 fiscal, IDFC was looking to raise Rs5,000 crore in two or three tranches and L&T Infra hoped to raise Rs1,100 crore from infrastructure bonds, which reportedly have not been receiving a very enthusiastic response.

On Tuesday, Srei ended at Rs24.65 per share on the Bombay Stock Exchange, 4.83% down from the previous close.

User

Coromandel ups stake in Sabero Organics to 67.75%

In May, Coromandel had acquired 36.75% stake of Sabero Organics Gujarat from the promoters of Sabero, following a share purchase agreement

Fertiliser manufacturer Coromandel International said it has increased stake in Sabero Organics to 67.75%. With the completion of this acquisition, Sabero Organics has become a subsidiary of Coromandel.

"On December 17, 2011 the company upon completion of all formalities under the open offer had acquired 1,05,00,000 equity shares from the shareholders of Sabero," the company said in a filing to the Bombay Stock Exchange (BSE).
With this acquisition, Coromandel’s holding in Sabero is 2,29,44,453 equity shares representing 67.75% and effective December 17, Sabero has become its subsidiary company, the filing added.

However, financial details of the deal were not given. In May, Coromandel had acquired 1,24,44,453 equity shares or 36.75% stake of Sabero Organics Gujarat from the promoters of Sabero, following a share purchase agreement.

Coromandel, part of the $3.8 billion-Murugappa Group, is engaged in manufacturing fertilisers, specialty nutrients, crop protection and retail, while Sabero is a producer and supplier of fungicides, herbicides and insecticides.

On Tuesday, Coromandal ended at Rs256.50 per share on the Bombay Stock Exchange, 2.17% down from the previous close.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)