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Tuesday, February 12, 2008
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Home

Reliance Power closes at discount
The shares list on BSE and NSE

IT revenue to aggregate $64 b
Direct employment in the sector is expected to reach nearly 2 m, says Nasscom

TCS launches Synergy Park


State Bank cuts prime lending rate
Will moderate lending rates for all categories of borrowers

Other Stories



Barometer


Briefly
Yahoo! rejects Microsoft bid
NEW YORK: Global Internet major Yahoo! on Monday rejected the $44.6 billion takeover offer of software giant Microsoft, saying the bid “substantially undervalues the company, including its global brand and worldwide audience.” ...

Biocon to buy major stake in German firm
MUMBAI: Biotech major Biocon on Monday said it would acquire a majority stake in AxiCorp GmbH of Germany for about 30 million Euros (over Rs. 173 crore). ...

mjunction to dilute stake
MUMBAI: Leading e-commerce player mjunction Services, a 50:50 joint venture between Tata Steel and SAIL, is planning to dilute up to 20 per cent stake in the company to private equity players. ...

13 States to raise Rs 7,778 cr.
MUMBAI: Thirteen State governments have announced to mop up Rs. 7,778.980 crore by selling ten-year development loans. While the maximum amount of Rs. 2,350 crore would be raised by Maharashtra, Uttar Pradesh is planning to sell Rs. 1,500 ...

Sterlite Tech bags Ethiopian contract
MUMBAI: Sterlite Technologies has bagged a $17.5 million (about Rs. 70 crore) contract from Ethiopian Electric Power Corporation (EEPCo) to manufacture and supply power transmission conductors. ...

Mitsubishi forms venture with Craftsman
COIMBATORE: Mitsubishi Electric Corporation, Japan, has formed a joint venture with Coimbatore-based Craftsman Automation Private Limited to establish MC Craftsman Machinery Private Ltd. According to a release, the new company, with head ...

Maveric Systems launches Testac
CHENNAI: Maveric Systems, an independent software testing company, has launched Testac, a proprietary intellectual property in the software testing domain. Testac will be a paradigm shift from a pure services model to an IP-based services ...

Dr. Reddy’s ties up with SkyePharma
HYDERABAD: Dr. Reddy’s Laboratories has entered into an agreement with SkyePharma PLC to undertake a feasibility study of a product utilising two of SkyePharma’s proprietary drug delivery systems. The cost of this study will be ...

Sujana Metals’ expansion plans
HYDERABAD: Sujana Metal Products, part of the Rs. 3,000-crore Sujana Group of companies, plans to increase its capacity three-fold to one million tonnes by 2010 through acquisitions and expansion. The company plans to invest Rs. 1,600 crore ...

Ikya Human Capital gets equity funding
CHENNAI: Ikya Human Capital Solutions, a Bangalore-based integrated HR solutions company, has received a funding of $8 million from India Equity Partners (IEP), a leading private equity fund focused on India. The company at present has 11 ...

ECGC signs agreement with Central Bank
CHENNAI: Export Credit Guarantee Corporation of India (ECGC) has signed a corporate agency agreement with Central Bank of India for marketing export credit insurance products through the bank’s network. The agreement was signed by H. A. ...

New Chairman for Calsoft
CHENNAI: California Software Company has appointed Clyde Michael Bandy as Chairman following the sudden demise of the former Chairman, Robert V. Chandran, Founder and Chairman of Chemoil. Mr. Bandy had been associated with Chemoil since August ...




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