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BUSINESS
Infy quarter earnings up
Company keen to expand business in the non-U.S. markets

Sony targets $2 b revenue in India
Unveils 11-inch organic light emitting diode television

Strategic crude oil storage project set to take off
Three locations identified for the project

Oberoi group to invest Rs. 900 cr. in new hotels
Getting into management contracts in overseas markets

‘Corus buy not to impact dividend’
Tata Steel plans preference share issue

Megasoft buys Boston Commn.
HYDERABAD: Megasoft, a Chennai-based software technology company, on Wednesday acquired the Boston Communications Group Inc (BCGI) for $65 million, pricing the common stock share at $3.60. After the process of due diligence, Megasoft ...

Aptech ties up with Indian Bank
CHENNAI: Aptech and Indian Bank have announced a tie-up to offer educational loans. Pramod Khera, Chief Executive Officer and Managing Director, Aptech, told a press conference here on Wednesday that “deserving candidates” ...

HCL Tech’s offshore development centre
CHENNAI: HCL Technologies has opened an offshore development centre in Chennai for the Japan-based Konica Minolta Group (KM), providers of digital imaging. The centre will provide software services for KM’s multi-function peripherals, ...

Sensex dips below 15000
MUMBAI: Infosys Technologies’ muted earnings guidance for the fiscal and weak global markets dragged the market barometer Sensex down by 99 points to close below the 15000-level. The announcement of encouraging first quarter ...

Rupee loses four paise
MUMBAI: The Indian currency on Wednesday lost about four paise to close at 40.40/41 against the U.S. currency as banks and oil refiners bought the greenback. Some foreign banks were seen covering short dollar positions while ...

Briefly
Easy loans to sugar mills
MUMBAI: As part of steps to bail out the crisis-ridden sugar sector, RBI on Wednesday asked banks to extend additional credit of Rs. 420 crore to the industry on easy terms for creating buffer stock of two million tonnes. ...

SEBI bars Patni Shares
MUMBAI: SEBI on Wednesday prohibited Patni Shares and Derivatives and its two managers from dealing in the securities market for two years.

Tata Steel AGM postponed to Aug. 29
NEW DELHI: Tata Steel has rescheduled its annual general meeting to August 29 from July 18 fixed earlier.

eBay adds fixed pricing format
NEW DELHI: eBay India has now spread its wings to the fixed price shopping format, after leading the online markets through the auction model and has launched enhanced features to make online buying easier. ...

GTL sells IT services business
MUMBAI: Network services provider GTL has sold its enterprise network services and managed services business to Orange Business Service for about Rs. 150 crore in cash. ...

Barclays’ bancassurance tie-up with MetLife
BANGALORE: MetLife India Insurance Company Pvt. Ltd. and Barclays on Wednesday announced their bancassurance tie-up in India. Speaking about this partnership, Mr. Rajesh Relan, Managing Director, MetLife, said, “ We are confident of ...

Emirates to fly to Ahmedabad
NEW DELHI: Emirates Airline has announced its plans to start non-stop services to Ahmedabad providing a first direct link between India’s sixth largest city and Dubai, the airline said in a release here on Wednesday. It plans to operate ...

Warburg completes Alliance Tire buy-out
HADERA, ISRAEL: Alliance Tire Company (1992) Ltd. announced on Wednesday that it has been acquired by Warburg Pincus, the global private equity firm, and Yogesh Mahansaria, former CEO of Balkrishna Tyres. The transaction was valued at about ...

Bajaj Allianz introduces Capital Unit Gain
CHENNAI: Bajaj Allianz Life Insurance has introduced Capital Unit Gain, a unit-linked insurance plan, with two additional benefits UL Waiver of Benefit and UL Family Income Benefit. Sam Ghosh, Country Manager, Allianz, and CEO, Bajaj Allianz ...

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