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Wednesday, November 14, 2007
Indian American is new Adobe President
NEW YORK: Indian American Shantanu Narayen has been appointed President and Chief Executive Officer of Adobe System Incorporated from December 1 next, replacing Bruce Chizen. ...
RBI bought $34.8 b in April-Sept.
NEW DELHI: To contain the rising value of the rupee, the Reserve Bank of India has purchased $34.8 billion during the first half of the current fiscal against $4.8 billion during the corresponding period last year. In September alone, the RBI ...
EPF board to consider market investment
NEW DELHI: In an effort to pay higher returns to its subscribers, the Employees Provident Fund (EPF) Board may examine the option of investing five per cent EPF corpus money in stock markets, Union Labour Minister Oscar Fernandes said on ...
Holcim’s open offer to Ambuja Cements
MUMBAI: Swiss cement maker Holcim’s open offer for over 20 per cent stake in Ambuja Cements will start from Wednesday. As per the revised schedule, the offer would open on November 14 and close on December 3. ...
Raytheon in pact with 4 Indian cos.
NEW DELHI: The U.S. defence major Raytheon has tied up with four major Indian companies in order to prepare itself for the Ministry of Defence’s ‘off-set clause’ that mandates sourcing of a certain value of military imports ...
Mahindra Tractors in pact with STFC
MUMBAI: Mahindra & Mahindra’s farm equipment sector has entered into an agreement with Shriram Transport Finance Company (STFC) for financing Mahindra Vishwas certified tractors. Mahindra Vishwas is a unique initiative by M&M FES ...
Megasoft to move business HQ to Bedford
HYDERABAD: Megasoft will be shifting its business and marketing offices to Bedford, U.S., from here. Disclosing this at a press conference here on Tuesday, G. V. Kumar, CEO, said that with the acquisition of BCGI, a telecom services company, ...
BRFL plans Rs. 1,100 crore investment
MUMBAI: Bombay Rayon Fashions Ltd. (BRFL) has signed a memorandum of understanding with the Government of Maharashtra towards expanding its fabric and garment making capacities by setting up new facilities at Tarapur, Islampur, Ichalkaranji ...
ICICI Prudential ties up with New India Co-op Bank
CHENNAI: ICICI Prudential AMC has entered into a strategic partnership with New India Co-operative Bank for distribution of its mutual fund schemes to further strengthen its distribution reach. New India Co-operative Bank will now be ...
Real estate expo from Nov. 19
MUMBAI: Donald Trump Jr., Executive Vice-President of Development and Acquisitions at the Trump Organization, U.S., will address the Indian real estate industry on the expectations of global investors who are seeking to invest in India’s ...
Just Dial launches search on mobile
MUMBAI: Just Dial Services, a search company, announced the launch of the fastest local search engine on mobile http://wap.justdial.com or www.justdial.com . It provides users access to any local ...
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