The ‘CEAT Mumbai Xpress Autorickshaw Rally 2008’ co-organised by Ceat Ltd & Chennai Event Management Services touched Mumbai its final destination. The rally was a huge success with all the 18 teams and 39 participants (Autorickshaw drivers) including 7 women competing unde…

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Varun Gupta calls American Appraisal as the world’s only glocal valuation firm. American Appraisal touts itself as a firm owned by 900 employees with operations across the globe. Gupta, with 13 years of experience in valuation & financial advisory, is at the helm of American Apprai…

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i-flex® solutions (Reuters: IFLX.BO/IFLX.NS), a leading provider of technology solutions to the global financial services industry and Bank SNORAS, a leader in the retail banking sector in Lithuania, announced today that: Bank SNORAS has chosen FLEXCUBE Universal Banking release 10.0 as…

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Mahindra and Mahindra Limited today announced the unaudited financial results of the consolidated Mahindra Group for the first quarter ended 30th June 2008. The Gross Revenues and Other Income for the quarter ended 30th June 2008 grew by 29.0% to Rs.7557.3 crores (USD 1.8 billion) from R…

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Avaya, a leading global provider of business communications applications, software and services, today announced that it has experienced double digit growth in the hospitality industry in 2007 of the company’s fiscal year in Asia Pacific. This is reinforced by a recently published repor…

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Gujarat NRE Coke Limited (GNCL) has claimed Rs 4761 crore in a civil suit filed at the Hon. Calcutta High Court against Austral Coke and Projects Limited (Austral), its Directors, Auditors, Merchant Bankers and others associated with Austral Coke’s IPO. Gujarat NRE Coke Limited ha…

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The Shipping Corporation of India Ltd. (SCI) continues its vessel acquisition spree with orders for 4 Panamax Bulk Carriers placed on 13th August, 2008 with STX Shipyard. SCI has selected STX shipyard for building these vessels through global tendering process. SCI also has 6 LR-I size Pr…

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Sun Pharmaceutical Industries Ltd. (Reuters: SUN.BO, Bloomberg: SUNP IN, NSE: SUN PHARMA, BSE: 524715) today announced that on August 13, 2008, the U.S. Federal Trade Commission (FTC) granted early termination of the antitrust waiting period under the Hart-Scott-Rodino Act (HSR) for the p…

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Pipal Research, a subsidiary of Firstsource Solutions, today announced that it has signed a multi-year partnership agreement with British Telecom Global Services (BTGS) to provide KPO services. Under the terms of the agreement, Pipal Research will provide highly innovative KPO and MPO (…

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Tata Consultancy Services (TCS), Infosys Technologies and Wipro Technologies, collectively referred as ‘India-3’, will emerge as the next generation of IT service megavendors, according to Gartner, Inc. These vendors are increasingly being considered for strategic service deals, and w…

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