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India News on May 6, 2013

Sify Names C R Rao as Chief Operating Officer
Sify Technologies Limited (NASDAQ Global Markets: SIFY), a leader in Managed Enterprise, Network and IT Services in India with growing global delivery capabilities, today announced the elevation of C R Rao as the company’s new Chief Operating Officer. Prior to this promotion, C R Rao was the company’s Vice President – Strategy, Admin & HR Business Wire India

Finolex Industries Ltd. Reported a Net Profit of 79.35 crores for Q4 FY 2012-13 – an Increase of 41.2%
Finolex Industries Limited [FIL], India’s largest manufacturer of PVC pipes and fittings, has clocked turnover of 629.59 crores and reported a net profit of 79.35 crores for the quarter ended 31st March 2013, as compared to 593.01 crores and 56.19 crores respectively in the corresponding quarter of previous year. The net profit for the year was higher by 81.15% at 136 Business Wire India

McAfee to Acquire Stonesoft; Transaction to Strengthen Network Security Portfolio with Next-Generation Firewall
Pending Acquisition Expected to Extend the Success of McAfee’s Security Connected Strategy McAfee today announced the execution of a definitive agreement to initiate a conditional tender offer for the acquisition of Stonesoft Oyj (NASDAQ OMX Helsinki: SFT1V), a leading innovator in next-generation network firewall products, for an aggregate equity value of approximately $389 million in cash Business Wire India

Expedia rolls out its Latest Ad Campaign in India
With travel season kicking off, Expedia, the world’s largest online travel company, has announced the launch of its latest advertising campaign in India. Conceptualized by Lowe Lintas, the campaign is aimed at igniting the hunger for travel amongst its audience. It centres on the insight that the world we live in is rapidly changing and with it are the reasons for travel Business Wire India

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