General News
Satyam to acquire Maytas Infra and Maytas Properties for $1.6 bln
HYDERABAD, India, Dec 16, 2008—Satyam Computer Services Ltd. (NYSE:SAY), a leading business and information technology services provider, today announced that its Board of Directors has approved the proposals to acquire 100% stake in Maytas Properties and 51% in Maytas Infra.
Maytas Infra, a 23-year old company, is engaged in the business of infrastructure construction and asset [...]
GMR Groups Ambala-Chandigarh BOT highway project inaugurated
New Delhi, 10th December, 2008: GMR Group’s Ambala-Chandigarh highway project was inaugurated at Chandigarh today. This 35 km stretch on NH21 & NH22 was executed on a BOT Toll model at an investment of Rs. 500 Crore. The concession period for this project is 20 years and it took two and a half years to [...]
Reliance Money launches Reliance Money Mall.com
Offers India’s largest online portfolio of financial products
Mumbai, November, 2008: Reliance Money, part of the Reliance Anil Dhirubhai Ambani Group, today announced the launch of its e-commerce web portal www.RelianceMoneyMall.com, offering India’s largest online range of financial products to its customers.
The announcement was made by Mr. Sudip Bandyopadhyay, Director and CEO, Reliance Money here today.
The [...]
Myspace appoints hari v. Krishnan country manager of myspace india
Krishnan to Oversee Strategy and Operations in India for the World’s Premier Social Network
MUMBAI, November 21, 2008 – MySpace, the world’s premier social network, today announced the appointment of Hari V. Krishnan to the post of Country Manager for MySpace India. In his new role, Krishnan is responsible for overseeing strategy and operations for the [...]
ICRA reaffirms highest credit quality ratings to debt programmes of ICICI Bank Limited
ICRA has reaffirmed the LAAA (pronounced L triple A) rating with stable outlook for the Subordinated Debt Programme and the existing Long-Term Bonds Programme of ICICI Bank Limited (IBL), indicating highest credit quality. The rated instruments carry lowest credit risk. ICRA has also reaffirmed the MAAA (pronounced M triple A) rating, indicating highest credit quality [...]
Axis Bank launches new online Remittance Service in alliance with Times of Money
Mumbai, November 18, 2008: Axis Bank, India’s leading private sector bank, with a substantial NRI customer base, has tied up with TimesofMoney, India’s number one non-bank e-payments service provider to launch AxisRemit, the Bank’s own branded online remittance service. With AxisRemit the Bank will provide high-speed online money transfer services for NRIs belonging to major [...]
NTT DOCOMO and Tatas in Alliance in India
Mumbai: NTT DOCOMO, INC. (DOCOMO), Tata Teleservices Limited (TTSL) and Tata Sons Limited—the prime promoter for Tata companies including TTSL—today announced their agreement on a strategic alliance in India, under which DOCOMO will acquire 26 per cent of TTSL’s stock for approximately Rs 13,070 crore (US $2.7 billion).
In addition, DOCOMO, in accordance with regulations of [...]
NCDEX and NSE float new power exchange
MUMBAI: The business operations of Power Exchange India Ltd (PXIL), an electricity exchange promoted as a joint venture between two of the largest and most respected exchanges in the capital and commodity markets respectively, NSE and NCDEX, was inaugurated by the Hon’ble Minister of Power, Shri Sushilkumar Shinde at a function held in New Delhi today.
PXIL [...]
SanDisk Corporation join hands with HCL Infosystems
November 14, 2008 – SanDisk Corporation India today announced a partnership with HCL Infosystems, India’s premier information enabler and country’s leading ICT system integrator and distribution company to be the distributors for SanDisk’s wide range of mobile phone memory cards in the Indian market.
Indian consumers are increasingly becoming reliant on their mobile phones and are [...]
Alembic announces buy-back offer
Vadodara: Pharma major, Vadodara based Alembic Limited, today announced that the company’s board of directors have approved a resolution to buy-back a minimum of 12,00,000 equity shares at a maximum buy back price of Rs 55/- per equity share. The maximum amount of buy back shall be for an amount not exceeding Rs 3,300 lacs, [...]
