Latest news with #Rajgopal
Time of India
3 days ago
- Politics
- Time of India
Missing Komatireddy and Vivek families in PAC sparks buzz in Cong over cabinet berths
1 2 Hyderabad: Two missing names – Komatireddy Rajgopal Reddy and G Vivek Venkatswamy – in the all-important political affairs committee (PAC) of the state Congress announced on Thursday has created a buzz in party circles about the high command's plans for the two politically important families. The talk in party is that the Komatireddy and Vivek's families may get representation in either the cabinet expansion or the working presidents' posts. That's something other aspirants are keen on stopping. These competing aspirants have sent letters to the leadership in Delhi, stating that Venkat Reddy is already a minister and another cabinet berth for his younger brother Rajgopal should not be allowed. They also pointed out that three tickets were given to Vivek's family, including two MLA and one MP ticket – all three were won by them. But both Rajgopal and Vivek have maintained that without them the Congress would not have managed the slender margin with 64 seats in the assembly. The two were also reportedly promised cabinet berths on their return to the Congress before assembly polls. On Friday, the meeting of TPCC top guns with Congress chief Mallikarjun Kharge was cancelled. TPCC president B Mahesh Kumar Goud said that another date would be fixed and maintained that they were expecting the cabinet expansion soon. "We followed social justice by giving representation to all castes and communities in the five committees announced on Thursday. District representation was also taken into consideration. It was ensured that veterans and young blood were given opportunities. The composition of the new TPCC team comprising working presidents, vice-presidents and general secretaries will see maximum representation from SCs, STs, and BCs. I have personally urged the party high command to give more berths in the cabinet to BCs," Mahesh Goud said. In response to media queries over the missing names in the five committees, Mahesh Goud said that all the ministers are special invitees to the PAC meeting. "We could not have named all the ministers in the PAC, but they can attend the PAC meeting as special invitees," he said. A senior AICC leader said the party high command is likely to announce four working presidents and several vice presidents without any more consultation with the TPCC as all the details have already been submitted by the state leadership. However, there is no clarity on the cabinet expansion date.
Business Times
24-05-2025
- Business
- Business Times
Salesforce is back in talks to acquire Informatica
[NEW YORK] Salesforce is in talks to acquire software company Informatica, rebooting a pursuit that fell through last year, sources familiar with the matter said. If a deal is reached, it could be announced as soon as next week, according to the sources, who asked to not be identified because the discussions are private. No final decision has been made and talks may still falter or another buyer could emerge, they said. Cloud Software Group, formerly known as Citrix Systems, has been interested in the asset too, the sources said. Shares in Informatica rose as much as 28 per cent on Friday (May 23) for their biggest intraday gain. The stock closed up 17.5 per cent in New York, giving the company a market value of about US$6.8 billion. Salesforce finished the session 3.6 per cent lower for a market capitalisation of around US$262 billion. Redwood City, California-based Informatica also has about US$1.9 billion in total debt, data compiled by Bloomberg show. Representatives for Salesforce and Cloud Software Group declined to comment. Spokespeople for Informatica and private equity firm Permira, which backs Informatica, did not immediately respond to requests for comment. Informatica, which helps customers manage their data in the cloud, has long been a potential takeover target. San Francisco-based Salesforce held talks to buy the company just over a year ago, Bloomberg News reported at the time. The talks cooled with the parties struggling to agree to terms. A deal would represent one of Salesforce's biggest-ever acquisitions. It could be strategic given the intensifying competition in the market for artificial intelligence-driven databases, Bloomberg Intelligence analyst Sunil Rajgopal wrote in a note on Friday. But overlap between Informatica and Salesforce's MuleSoft unit could attract regulatory scrutiny, Rajgopal wrote. Informatica was taken private in 2015 by Permira and the Canada Pension Plan Investment Board (CPPIB) in a US$5.3 billion transaction. They took the company public again in 2021. Permira, with almost 32 per cent of Informatica's shares, remains the company's largest stockholder, according to data compiled by Bloomberg. CPPIB owns about 25 per cent of the shares. BLOOMBERG
