Thursday, May 3, 2007

HCL, SABA looking at a tie-up for enhanced IT services

Global IT services company HCL and human capital management (HCM) and software services provider Saba have tied-up to strengthen their services and relationship in the Asia Pacific, Europe and North America. They'll be aligning their marketing efforts to provide coordinated software and IT services to mutual customers in several vertical markets including media and entertainment, healthcare, financial services, retail, life sciences and manufacturing.

Ranbaxy considers acquisitions in US

Ranbaxy Laboratories Ltd, India's biggest drugmaker, considers acquisitions aimed at expanding operations in the US, south and central America and its home market to be priorities.
Ranbaxy made eight acquisitions last year, buying South African company Be-Tabs Pharmaceuticals and Romania's Terapia. The US $3.4 billion company has been built over the past three decades by copying blockbuster drugs such as Bayer AG's Cipro and selling them for a fraction of the price in countries including France, Germany and the US.