HCL Tech sews up M&A strategy, eyes $200m firms
HCL Technologies (HCLT) has finalised an M&A strategy that will help the company grow aggressively. Ahead of its forthcoming public issue, the company's board is learnt to have approved an M&A strategy which seeks to consider targets with annual revenues in the range of $20 million to $200 million.

Intellicon joins hands with French firm for smartcard
The Gujarat-based Intellicon Pvt Ltd has entered into a technical and manufacturing tie-up with Gem Plus of France to launch smart card readers in India by mid-2000, according to company's managing director Sameer Parekh.

Air India vows to stand on own two feet as Centre rules out fresh funds
With Government equity infusion in Air-India (AI) ruled out in this fiscal, the airline has said that it is confident of standing on its own two feet. "There is no crises in Air-India just because the funds recommended by the Disinvestment Commission are not forthcoming. AI has assets worth over Rs 10,000 crore, so there is no problem in setting our house in order" said AI official.


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