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India's rupee, stocks down as central bank chief quits

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India central bank chief quits amid spat with government

NEW DELHI, Dec 10 — The head of India’s central bank announced his resignation today following a public spat with Prime Minister Narendra Modi’s administration about alleged government interference. Reserve Bank of India governor Urjit Patel…

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NEW DELHI: China and India may be talking about improving their trade relationship but there is little action to go with the words. According to Indian government officials and representatives of various Indian trade bodies, progress is very slow – and may even be getting slower after last weekend’s truce between the United States and […]

Serba Dinamik acquires 30% interest in Indian IT company

PETALING JAYA: Serba Dinamik Holdings Bhd, which acquired a 30% stake in India based IT company, eNoah iSolutions India Pvt Ltd, will be allocating RM30 million for the company to undertake projects in the coming year.

eNoah offers cutting edge business process outsourcing and IT solutions to Fortune 500 companies worldwide, in the integrated health, insurance, manufacturing and automative domains.

The diversified group via its wholly-owned subsidiary Serba Dinamik IT Solutions Sdn Bhd (SDIT), today entered into a share and purchase agreement with the 12 shareholders of eNoah for the stake buy.

Simultaneously, SDIT also inked a shareholders agreement with eNoah and the remaining existing shareholders of the company to regulate the affairs of the company.

For starters, the company is looking to bid for an infrastructure job in Singapore which is worth some SG$500-800 million.

Serba Dinamik’s group CEO Datuk Dr.Ir Mohd Abdul Karim Abdullah said through eNoah, Serba Dinamik is looking to tap into the populous Indian market as well as to leverage on its international client base in the US, Singapore and Australia.

He said they are also looking to tap into eNoah’s pool of talent and expertise.

In turn, eNoah will be leaning on Serba Dinamik for funding, regulating company affairs as well as tapping into the Middle East, where Serba Dinamik already has a footing.