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KKR seeks to log out from Aricent, its oldest investment in India

KKR seeks to log out from Aricent, its oldest investment in India

Finance
MUMBAI: US private equity giant KKR is in early talks with strategic and financial investors including American late-stage tech investor Silver Lake Partners and Accenture to sell its oldest India investment, Flextronics Software, now known as Aricent, for about $ 1.5 billion. KKR has mandated JP Morgan to run a formal process and the investment bank has reached out to French technology giant Capgemini to buy a controlling stake in the Santa Clara, California-based technology firm, multiple sources in the know told ET. The deal, if successful, will mark KKR’s exit from its oldest investment in an India-focused company. When contacted, KKR and Capgemini declined to comment. Accenture and Silver Lake did not return mails seeking comments till the time of going to press. Founded in 1991
'World's oldest wine' found in 8,000-year-old jars in Georgia

'World's oldest wine' found in 8,000-year-old jars in Georgia

Science
Scientists say 8,000-year-old pottery fragments have revealed the earliest evidence of grape wine-making.The earthenware jars containing residual wine compounds were found in two sites south of the Georgian capital, Tbilisi, researchers said.Some of the jars bore images of grape clusters and a man dancing.Previously, the earliest evidence of wine-making was from pottery dating from about 7,000 years ago found in north-western Iran.The latest finds were published in the journal Proceedings of the National Academy of Sciences (PNAS)."We believe this is the oldest example of the domestication of a wild-growing Eurasian grapevine solely for the production of wine," said co-author Stephen Batiuk, a senior researcher at the University of Toronto."Wine is central to civilisation as we know it in ...
Astronomers observe one of the oldest galaxies in the universe

Astronomers observe one of the oldest galaxies in the universe

Science
Nov. 6 (UPI) -- Astronomers have observed the second most distant dust-filled, star-forming galaxy in the cosmos. The galaxy was spotted using the Large Millimeter Telescope, the most powerful telescope of its kind.The LMT is positioned at the top of Sierra Negra, the fifth tallest peak in Mexico, and jointly operated by the University of Massachusetts, Amherst and Mexico's National Institute of Astrophysics, Optics and Electronics.The newly imaged galaxy was likely one of the earliest star-forming galaxies in the universe."The Big Bang happened 13.7 billion years ago, and now we are seeing this galaxy from 12.8 billion years ago, so it was forming within the first billion years after the Big Bang," Amherst astrophysicist Min Yun said in a news release. "Seeing an object within the first b...
The oldest living thing on Earth

The oldest living thing on Earth

Science
Mayflies live a day, humans live a century, if we're lucky, but what is the oldest living organism on the planet? For scientists, accurately proving the age of any long-lived species is a hard task.Under the boughs of a 300-year-old sweet chestnut tree in the Royal Botanic Gardens in Kew, Tony Kirkham, head of the arboretum, confirms that trees are capable of outliving animals. Proving this can involve some traditional detective work, as he explains: "First of all we can look at previous records, to find out if a tree was growing there at a set date. Then we look at paintings and artwork, to look to see if that tree was present. And old ordinance survey maps quite clearly show ancient trees, especially important ones."A well-known way of measuring the age of a tree is by counting the rings...