Tatas bid to take over Tetley runs into a roadblock
The negotiations between the Tata group and Schroders Private Equity Fund, which has management control over the Tetley Group of UK, have been deadlocked because of pound 10-million difference between the ask and bid price.

C-DAC likely to offload 30% to FIs
The Centre for Development of Advanced Computing is planning to offload around 30-40% equity stake to financial institutions in its business unit which is being hived off into a subsidiary.

Rolta, Parametric Tech team up to offer mechanical design solutions
Rolta India and Parametric Technology Corporation have entered into a strategic alliance to promote advanced solutions in mechanical design automation in the country.

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