SREI Infrastructure Finance Limited, a leading infrastructure equipment finance company, is to hold ‘Paison Ki Nilami-2007’, its unique auction of interest rates for financing infrastructure equipment purchase, here. This would be the eighth auction of its kind since the pilot event was successfully held in Kolkata in November 2004. Addressing a press conference here, company […]

Saregama India Ltd. has added one more feather to its new media – digital kiosks. These kiosks can be sited in Bangalore, Hyderabad and Chennai with close to 30,000 tracks. Around 25 kiosks are currently placed at the Nokia stores in Bangalore, Hyderabad and Chennai. Saregama is the sole content provider of all major music […]

In Bangalore, the unorganised sector steps in to ease the pressure on hotels. Not so long ago, trying to get a five-star hotel room in Bangalore was a harrowing task during any season of the year. The rates were astronomical, easily surpassing the $400 figure and on some days even touching $600, and hotels were […]

Cutting edge MBA programmes in Innovative Management, Innovative Technology and Hospitality at the British Institute of Technology and E-commerce (BITE) in London are to be offered to graduates of the University of Madras Institute of Distance Education at special rates. BITE, which opened its regional office in India on IDE campus on Wednesday, is to […]

Bharat Sanchar Nigam Limited (BSNL) will be the title sponsor for the seventh Asia Cup hockey tournament for men to be played here from August 31 to September 7, Indian Hockey Federation (IHF) Secretary General K Jyothikumaran announced today. Addressing a joint press conference with BSNL Chief General Manager Velusamy Prabhakar and Member Secretary Sports […]

Just six months into production in India, German luxury car major BMW is planning to set up an assembly line for its sports utility vehicles (SUV) X3 and X5. The facility is likely to be ready by middle or end of next year, said sources. Currently the 2.5 litre, 6-cylinder petrol engine X3 and the […]

HCL Infosystems Ltd launched their 30th Career Development Center (CDC) here last night. HCL CDCs provide specially designed courses to groom students into industry-ready professionals, STM Easwar, HCL Career Development Center, said. “HCL CDC courses have been designed keeping in mind the specific needs of modern day organisations. Our mission is to transform our students […]

Tata Consultancy Services (TCS) retained its top position as the best IT employer in India, while software major Wipro figured nowhere among the Top 20 list, as per a survey by industry analysts. While HCL Infosystems, iGate, RMSI and Synechron occupied the next four slots after TCS, Infosys slipped four places to the eighth position, […]

Chennai-based Indian Bank today revised interest rates on fixed deposits, effective from September 1. Interest rates on term deposits of tenure one to less than three years have been revised to 9 per cent, Indian Bank informed the Bombay Stock Exchange. Fixed deposits of 3-5 years would now draw an interest rate of 8.75 per […]

The $1.05 billion consumer electronics major Samsung India Electronics Private Limited is all set to commission its Sriperumbudur plant near Chennai. The company is awaiting a suitable date from the Tamil Nadu government to inaugurate the plant built on a 50-acre plot in the SIPCOT Sriperumbudur Industrial Park. The plant will initially manufacture colour televisions […]

BEDFORD, Mass. & HYDERABAD, India–(BUSINESS WIRE)–Megasoft Limited (BSE Code No.: 532408) today announced that its direct wholly-owned subsidiary, Tea Party Acquisition Corp., has extended its previously announced tender offer for all outstanding shares of Boston Communications Group, Inc. (NASDAQ:BCGI) at a price of $3.60 per share, net to the seller in cash, without interest, to […]

Automobile major, BMW India, has revised upwards its sales target in the country for this fiscal from 1,000 to 1,200. It also plans to launch its latest model, X5, in November and has sought the permission of Automotive Research Association of India for the same. “We have increased our sales target by 200 cars, buoyed […]