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3i Infotech to buy out stake in China JV

Wed Jul 15, 2009 12:34pm IST
 
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MUMBAI (Reuters) - 3i Infotech Ltd said on Wednesday it has agreed to buy out Elegon Technologies from its Chinese joint venture partner Yucheng Technologies, by acquiring 49 percent stake in the JV from Yucheng.

As a result, Elegon will become a unit of 3i Infotech, it added.

(For more news on Reuters Money click in.reuters.com/money)

26/11 - SPECIAL COVERAGE

A man walks with the Indian national flag in front of the Taj Mahal hotel, one of the sites of last year's militant attacks, in Mumbai November 26, 2009. Thursday marks the first year anniversary of the Mumbai attacks. REUTERS/Punit Paranjpe
One Year Later

Mumbai's police paraded past some of the city's landmarks in a show of strength as the city marked the first anniversary of militant raids that killed 166 people  Slideshow | Full Coverage 

India remembers 26/11 attacks
Blog: Lasting images, limited impact?
Witness: Back from the Dead
A supporter of Bharatiya Janata Party (BJP) holds a picture of BJP leader Lal Krishna Advani during an election campaign rally in Balasinor, about 90 km (56 miles) east of Ahmedabad, April 14, 2009. REUTERS/Amit Dave
Liberhan Commission Report

The government published a long awaited report, recently leaked, accusing BJP leaders of a role in the 1992 destruction of the Babri mosque in Ayodhya.  Full Article 

Q+A - Politics stirs over report
Video: BJP reacts to Ayodhya report leak
Parliament disrupted

International Film Festival of India

A hoarding promoting the 40th International Film Festival of India (IFFI) is seen outside the film festival venue in Panaji, Goa November 25, 2009. REUTERS/Tony Tharakan
Goa Film Festival
Blog: Festivals vs Bollywood
Video: Goa gears up
Blog: Joseph M. Varghese
Slideshow: Mobile Uploads

road to Copenhagen

France's President Nicolas Sarkozy (L-R), Germany's Chancellor Angela Merkel and Denmark's Prime Minister Lars Lokke Rasmussen hold a news conference in Brussels in this November 19, 2009 file photo on the Copenhagen climate conference. REUTERS/Sebastien Pirlet
U.S. emissions cut target

United States will propose an emissions reduction target at U.N. climate change talks in Copenhagen.  Full Article | Slideshow 

India's solar power targets
Analysis: Hacked climate e-mails awkward
Analysis: What drives China?
Analysis: "Golden opportunity" for CO2 market
Blog: Denying bedroom privileges save planet?
Sachin Tendulkar speaks during a news conference in Mumbai November 13, 2009. REUTERS/Punit Paranjpe
Sachin Tendulkar

It's 20 years since he made his Test debut as a teenager in Nov 1989.  Slideshow 

20 years on, Sachin still feels he's 16
Video: Sachin on two decades in cricket
Slideshow: Tendulkar - Off the field

Cricket Scoreboard

Thierry Henry's handball scandal

Barcelona's Thierry Henry takes part in a training session at Nou Camp Stadium in Barcelona, November 23, 2009. Barcelona and Inter Milan will play their soccer Champions League match on Tuesday. REUTERS/Albert Gea
FIFA to hold meeting

FIFA to hold an extraordinary meeting before World Cup draw to discuss Thierry Henry's handball in the qualifiers and discovery of match-fixing ring by German police.  Full Article 

Henry considered quitting over handball scandal
Henry not a cheat, says Zidane
France doesn't deserve to be in World Cup - poll
Football needs to introduce video technology
France cheating sets bad example: teachers