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BUSINESS
Sensex plunges by 506 points on panic selling
U.S. real estate crisis spreads to European banks
U.S. crisis will hit software exports
NEW DELHI: The National Association of Software and Service Companies (Nasscom) on Monday said the Indian software industry might be hit by the financial crisis in the U.S. and global slowdown; and it could have to lower the software export ...
Fortis receives financial support
Three governments invest 11.2 billion euro
U.K. subsidiary has ‘zero’ exposure to U.S. sub-prime: ICICI Bank
MUMBAI: ICICI Bank on Monday said its U.K. subsidiary did not have any direct or indirect exposure to the U.S. sub-prime credit and had a high rating to 98 per cent of its $3.5-billion non-India investment book. The bank came with a ...
Mahindra Holidays plans to double capacity
MUMBAI: Mahindra Holidays & Resorts Ltd. (MHRIL) will double its existing inventory of property through a combination of acquisitions, construction of new property and expansion of existing property. MHRIL, a premier holiday company and ...
Orchid, Merck sign agreement
Barometer
Briefly
Shriram EPC wins orders from SAIL
CHENNAI: Shriram EPC has bagged two orders worth Rs. 315 crore from Steel Authority of India, Rourkela Steel Plant. According to a release, the first order includes design, engineering, manufacture, supply, erection, testing, commissioning of ...
SIB Excellence Award for life-time achievement
CHENNAI: The Thrissur-based South Indian Bank (SIB) has picked five globally acclaimed personalities for the ‘SIB Excellence Award’ for life-time achievement. The awardees are: Varghese Kurien, Adoor Gopalakrishnan, K. J. Yesudas, ...
Resigns from EDS Advisory Board
BANGALORE: Jaithirth (Jerry) Rao, Chairman, EDS Asia Pacific Advisory Board and founder of MphasiS, has decided to resign from the company. Mr. Jerry was its Chairman and Managing Director from 2001 to 2006. He continued as non-executive ...
IBA gets new Deputy Chairperson
CHENNAI: Homai A. Daruwalla, Chairperson and Managing Director of Central Bank of India, has been appointed Deputy Chairperson of Indian Bank’s Association with effect from October 1. Ms. Daruwalla took charge as Chairperson and MD of ...
New Chairman for leasing association
CHENNAI: V. P. Nandakumar, Chairman, Manappuram group of companies, has been appointed Chairman of Equipment Leasing Association of India (ELAI). ELAI, which functions with its headquarters in Chennai, is a body of the non-banking finance ...
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