eClerx acquires US analytics KPO firm Agilyst: eClerx Investments Ltd., the overseas subsidiary of Mumbai-based eClerx Services Ltd., has acquired 100% of Agilyst Inc., a closely held Philadelphia-based KPO company focused on the North American media Industry, for an undisclosed amount. Post deal, Agilyst’s management team will continue to manage day-to-day operations. The consideration for the acquisition will be all cash and includes a substantial earn out component based on Agilyst’s future performance. Agilyst was founded in 2007 and employs approximately 1,000 people, most of them in India. The company is expected to generate just under $10 million in revenues for FY12, and is profitable.
The Public Gambling Act, 1867 also known as the "Gambling Act" is the primary law which governs gambling in India. However, the state legislatures, under the Constitution of India, are currentl More
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