Monitor

Stanchart to launch debt fund

MUMBAI: Standard Chartered Asset Management Company is to launch a Grindlays fixed saving scheme, a close ended debt fund for investors seeking stable and tax efficient returns. According to Mr. Naval Bir Kumar, Managing Director the scheme was a slightly over one year close-ended fund providing investors tax adjusted returns above what the one year government would provide. The AMC has approached the Securities and Exchange Board of India to grant approval to the scheme. Subject to the regulator's nod, the scheme will open for subscription on March 22 and close on March 29.

Floatglass allots shares to Japanese firm

MUMBAI: Floatglass India has allotted 10 per cent preferential shares of Rs. 100 each to Japanese firm Asahi glass with total allotment aggregating Rs. 22.5 crores. The decision to allot 10 per cent cumulative redeemable preference shares 2011 of Rs. 100 each was taken by the company's board meeting held here, according to a notice to the stock exchange here.

VIA Tech to expand operations

NEW DELHI: VIA technologies, a leading supplier of PC components, has drawn a long term plan to expand its share in the Indian market. As part of this strategy it has launched a cost-effective processor and aims to follow up with more launches of price- sensitive processors, stated a company news release.

Discreet's two new products

HYDERABAD: Discreet, a division of Autodesk Inc, has announced the launch of two new versions of its industry award winning products, 3ds max 4 and edit 6, in India. Mr. Pankaj Kedia, Regional Manager, South Asia, says, 3ds max 4 continues Discreet's leadership in advancing 3D animation on the desktop, and it sets a new bar integrating 3D within the workflow of postproduction and game development for animators and studios. The edit 6 is an offline/online non-linear package with advanced editing, graphics and effects creation.

indiaproperties.com pact with Andhra Bank

CHENNAI: indiaproperties.com, real estate e-market, has announced that it has tied up with Andhra Bank to provide housing finance loan options through the Internet, according to a press release. Through its tieups with housing finance companies, the company offers value-added services like pre-approval of individuals for housing loans, pre-approval of properties for financing from one or more institutions for property sellers for faster disposal and online approval for individuals seeking loans against existing property.

Veritas unveils storage area networks

CHENNAI: Veritas Software Corporation, a Nasdaq listed company, announced its quality of storage service (QoSS) vision and technology roadmap. QoSS enables IT organisations to more effectively deliver the range of storage services required to support business-critical applications and ensure the data availability. Building on the company's storage area network software and services offerings, Veritas QoSS vision empowers data centre personnel to deliver on key storage service requirements, while reducing the total cost of ownership of storage.

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