Industrial Development Bank of India Ltd. (IDBI) has put on hold its earlier decision to reduce its Benchmark Prime Lending Rate (BPLR) with effect from April 1, 2008. The revised date of implementation of the revision in BPLR would be decided later. Sourced From: Adfactors Public Relati…

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Mahindra & Mahindra, the leading Indian multinational, reputed for its association with the Indian automotive industry for 62 years, today signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to further boost their investment at its upcoming Chakan Greenfield…

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Tata Consultancy Services (TCS), (BSE: TCS.BO, NSE: TCS.NS) a leading IT services, business solutions and outsourcing organization, today announced it has signed a five-year, multi-million dollar contract to be the global engineering partner of ArvinMeritor (NYSE: ARM), a premier global s…

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The Government of India have announced the issue of ‘8.40 per cent Oil Marketing Companies Government of India Special Bonds, 2025’ for Rs. 9,296.92 crore (nominal). The Special Bonds are being issued to four Oil Marketing Companies as compensation towards estimated under-recoveri…

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Blue Dart Express Limited, South Asia’s premier integrated express courier and package Distribution Company, bagged the ‘Mera Brand’ award and a Certificate of Excellence presented by the Fast Moving Consumer Goods Federation of India at the 5th Consumer World Awards on 19th Mar…

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The first set of CRISIL Complexity Levels was announced here today, at the launch of the service by Honourable Finance Minister Shri P Chidambaram. This service from CRISIL, a global first, classifies financial instruments and products into three categories: simple, complex, and highly co…

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TAKE Solutions Ltd. and Four Soft Ltd., both leading providers of IT products and solutions in the Supply Chain Management space today announced their intent to merge. The combination will create a truly global, comprehensive company with one of the largest product offerings in Supply C…

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Bata India Ltd, the largest footwear retailer and a leader in the footwear industry in India, has made a profit before tax of Rs. 551.5 million in the year 2007. Profits of 2006 included Rs.171.3 million one time exceptional items. Without considering the exceptional item of 2006, the inc…

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Red Hat, Inc. (NYSE: RHT), the world’s leading provider of open source solutions, today announced financial results for its fiscal fourth quarter and fiscal year ended February 29, 2008. “During the fourth quarter, I spent a significant amount of time meeting with customers, par…

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Rolta is aggressively gearing up to capture huge growth opportunities by strengthening its senior management team with an increased focus on delivery, production and support. Rolta today announced the appointment of Ms. Preetha Pulusani as Joint Managing Director of the Company effective…

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