Monitor

BoB's gesture to senior citizens

CHENNAI: Bank of Baroda has announced additional rate on term deposits to resident senior citizens who have completed 60 years of age. According to a release, effective from July 2, the bank would pay an additional interest of 1 per cent on maturities less than three years and an additional interest of 0.75 per cent for maturities more than three years for senior citizens. The minimum deposit qualifying for the additional interest is Rs. 10,000. All term deposits of senior citizens made or renewed on or after July 2 would be eligible for the enhanced additional interest.

ABN Amro joins hands with Nextlinx

BANGALORE: ABN Amro and Nextlinx Corporation, a leading global trade management solutions provider, have announced an agreement to integrate Nextlinx's trade content engines and wizards for importers and exporters into ABN Amro's global trade and advisory web site and online products. These integrated tools would enable ABN Amro customers to ensure they were not dealing with denied parties, to calculate landed costs for shipments, to identify required import and export licences, and to expedite customs processing by verifying documentation, according to a Nextlinx release.

- PTI

eBITS in expansion mode

CHENNAI: eBITS Infotech, has embarked on an expansion programme to set up 100 franchise centres across India as also to enter the field of development/ distribution of education related software. The company, engaged in the business of software services and computer education, has its operations in Mumbai and Chennai. According to a release the company plans to begin its operations in entire Gujarat, Goa and Madhya Pradesh next month.

Amerada Hess in $2.6 billion deal

NEW YORK: Amerada Hess will buy Triton Energy for about $2.6 billion in cash, the companies said. The deal has the support of the buyout firm Hicks, Muse, Tate & Furst, which owns 38 per cent of Triton.

- New York Times

Microsoft forms privacy venture

NEW YORK: Microsoft Corp. and VeriSign Inc., an Internet security company, said they would work together to make Microsoft's .Net Internet services safer for the privacy of users. Consumer advocates have criticised the part of Microsoft's new .Net initiative known as Hailstorm, which would collect large amounts of users' personal information within one computer system. Microsoft said it would use VeriSign's technology to improve the security of the personal information collected by .Net, and VeriSign said it began using computer servers based on Microsoft's Windows 2000 operating system to host Internet domain names and web sites.

- New York Times

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