TCS, Infy may bid for British IT firm

British financial software company Misys said it had received a bid approach, sending its shares up more than 8% on Tuesday and analysts said that TCS and Infosys could be among the probable suitors. Misys shares were up 8.5% to 417.2 pence, valuing the company at around £1.4 billion ($2.3 billion).

"The board of Misys Plc... confirms that it has received a preliminary approach that may or may not lead to an offer being made for the company," the company said in a statement on Tuesday.
The company is taking the approach seriously and is in talks with one bidder over sale of the whole company, said a source familiar with the matter.

Jefferies said the bidder could be from the US or India, with fair offer exceeding £5 per share."US heavyweights such as FIS and Sungard will be looking for an opportunity to internationalise their footprint, while Indian providers such as Infosys and TCS will be looking for more onshore presence and brand," said Jefferies analyst Milan Radia.

Misys shares have risen sharply from from around 312 pence in early May as market speculation of bid interest swirled around the stock.

Misys — which competes with companies such as Temenos, Fidelity National Information services , Fiserv and SunGard — clients’ include all of the world’s top 50 banks.

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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Nail real culprits of Mumbai attack: Chidambaram to Pak

Union home minister P Chidambaram on Wednesday said confidence cannot be restored between India and Pakistan till Islamabad takes action against the "real culprits" responsible for the 2008 Mumbai Terror Attack .

"The fundamental cause of friction between the two countries is Pakistan not taking action to bring the real controllers and perpetrators of the 26/11 attacks to justice," a news agency quoted Chidambaram as saying during an interaction with visiting Pakistani journalists.

Asked about the seven terror suspects who had been put on trial in Pakistan on charges of involvement in the Mumbai incident, Chidambaram said only two of them, including Lashkae-e-Taiba commander Zakiur Rehman Lakhvi, were "real culprits" while the rest were "foot soldiers". Giving an example, he said Indian security forces had recently killed five militants while they were attempting to infiltrate from Pakistan.

During the interaction, Chidambaram also stressed the need for Pakistan to provide India with voice samples of certain terror suspects in the light of revelations made by 26/11 accused David Coleman Headly and his accomplice Tahawwur Hussain Rana.

If Pakistan did not want to provide the voice samples to India, it could hand them over to the US for examination, Chidambaram said. The US had also confirmed that that there are terrorist training camps in Pakistan, he added.

Chidambaram contended that the authority of Pakistan's civilian government had "further diminished" in the aftermath of the May 2 US raid in Abbottabad that killed al-Qaida leader Osama bin Laden. Things would not improve if the military and intelligence agencies continue to play a dominant role, he hinted.

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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E-coli outbreak hits N Europe

European countries have traded blame over the source of a mysterious bacterial outbreak that has killed 14 people and sickened hundreds. German authorities have identified cucumbers from Spain as contamination sources. A third, suspect-batch from either the Netherlands or Denmark is also under investigation.

German authorities have warned consumers to avoid eating cucumbers and ordered some products removed from store shelves.

The measures were implemented following a recent outbreak linked to contaminated cucumbers.
European health experts said the outbreak was the largest ever in Germany and one of the biggest of its kind worldwide.

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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GDP growth seen at 8.2 per cent year/year

The economy is expected to have grown 8.5 per cent in fiscal year 2010/11 that ended in March, just below the 8.6 per cent estimated by the government, and up from 8 per cent a year earlier, the poll showed.

Forecasts for the full fiscal year growth ranged between 8.0 per cent and 8.7 per cent.

FACTORS TO WATCH

Industrial output grew an annual 7.3 per cent in March, smashing forecasts on the back of a revival in capital goods production.

Services sector gained momentum in April, with strong growth in new business orders, a HSBC survey showed early this month. Manufacturing sector maintained its strong rate of expansion in April, helped by higher output and employment, the latest purchasing managers' index ( PMI )) data showed.

While both input and output price indexes fell from the highs seen in March, they remained way above the 50 mark as soaring fuel and raw material prices drove up costs and fed into output prices, a clear indication that high inflation was here to stay.

Inflation eased to 8.66 per cent in April, but upward revisions to past readings and the prospect of higher energy prices will keep pressure on the RBI to raise interest rates in June and maintain its hawkish stance. The Reserve Bank of India (RBI), which has been one of the most aggressive of major central banks in tightening policy, early this month raised rates by a higher-than-forecast 50 basis points and said it was willing to sacrifice a bit of growth to tame inflation.

The RBI has raised its policy rate nine times by a total of 250 basis points since March 2010.

Most economists in a recent poll expect the RBI to raise rates by at least another 75 basis points in 2011.

Monsoon rains, which are vital for boosting farm production and rural incomes in the nation of more than 1.2 billion people, have been forecast to be normal in 2011.

MARKET IMPACT

Bond dealers said a March-quarter GDP growth number of around 8.1-8.3 per cent will have little market impact.

However, they said a number below 8 percent could push yields down by 4 to 5 basis points as the market has been heavily sold in recent sessions, while a number above 8.5 per cent could push up yields by 2 to 3 basis points.

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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IIPM makes business education truly global
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Arindam Chaudhuri (IIPM Dean) – ‘Every human being is a diamond’
Arindam Chaudhuri – Everything is not in our hands
Planman Technologies – IT Solutions at your finger tips
Planman Consulting
Arindam Chaudhuri's Portfolio - he is at his candid best by Society Magazine

IIPM ranked No 1 B-School in India
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IIPM: Management Education India
Prof. Rajita Chaudhuri's Website

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Planman Consulting

IIPM in sync with the best of the business world.......

IIPM Prof. Arindam Chaudhuri on Internet Hooliganism
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Relations between ISI, CIA have improved: Gilani

Relations between Pakistan's Inter-Services Intelligence (ISI) and US spy agency CIA - that were strained after the secret mission in Abbottabad that killed Osama bin Laden - have now improved, Prime Minister Yousuf Raza Gilani said on Sunday. Talking to journalists, Gilani said Pakistan has made it clear to the US that Abbottabad-like operation was not acceptable to it, The Nation reported.
AQaeda founder bin Laden was killed in a secret operation on May 02 by US Navy SEALs in Abbottabad, near the capital city of Islamabad. Pakistani security agencies were not informed about the mission.

Regarding a commission to investigate the Abbottabad incident, the Prime Minister said consultations with different political parties were underway and the commission would be constituted after completion of the process.

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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IIPM B-School Detail
IIPM makes business education truly global
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Arindam Chaudhuri (IIPM Dean) – ‘Every human being is a diamond’
Arindam Chaudhuri – Everything is not in our hands
Planman Technologies – IT Solutions at your finger tips
Planman Consulting
Arindam Chaudhuri's Portfolio - he is at his candid best by Society Magazine

IIPM ranked No 1 B-School in India
domain-b.com : IIPM ranked ahead of IIMs
IIPM: Management Education India
Prof. Rajita Chaudhuri's Website

IIPM B-School
Arindam Chaudhuri
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Planman Consulting

IIPM in sync with the best of the business world.......

IIPM Prof. Arindam Chaudhuri on Internet Hooliganism
Arindam Chaudhuri: We need Hazare's leadership
Professor Arindam Chaudhuri - A Man For The Society....
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