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Tuesday, January 06, 2009
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IBM to design Kotak Mahindra’s data centre
BANGALORE: IBM announced a $15 million agreement with Kotak Mahindra Bank. IBM will design, build and maintain a scalable ‘green data centre’ and a converged IP network for the bank. Kotak may save over $1.2 million over five years ...
Alok Industries increases rights issue size
MUMBAI: Textile firm Alok Industries will raise Rs. 450 crore through the issue of rights shares. In a notification to the Bombay Stock Exchange, the company said that the directors had decided to increase the size of the proposed rights issue ...
BGR Energy raises Rs. 2,105 crore
NEW DELHI: BGR Energy has raised Rs. 2,105 crore inf loan for its working capital requirements from a consortium of five banks, led by State Bank of India. According to a release issued to the Bombay Stock Exchange, the amount is expected to ...
Allahabad Bank expands CBS network
KOLKATA: Allahabad Bank is expanding its core banking solution (CBS)network in the region. Of 71 branches in the southern region, the bank has introduced core banking solution in 48 branches. The bank has converted Anna Nagar branch, Chennai, ...
Dabur scales down store size
NEW DELHI: Dabur India is back on its retail expansion track with scaled-down store sizes after curtailing its growth due to high estate prices. The company has scaled down the size of the stores to 700-1,200 sq ft from the originally planned ...
IVRCL bags orders worth Rs. 260 crore
MUMBAI: IVRCL Infrastructures & Projects has bagged orders worth Rs. 260.46 crore from Bangalore Metro Rail Corporation, Indian Oil Corporation and Karnataka Water Supply Board for construction related work. Buildings, industrial structure ...
New Vice-President for Venture Infotek
CHENNAI: Venture Infotek has appointed Krishnan Iyer as Vice-President, integrated solutions and services. According to a release, he will focus on solutions and services aimed at programmes for financial inclusion, public distribution ...
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