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Financial Tech chosen finalist for NASSCOM Innovation Award

Posted on: Friday, February 15th 2008 and is filed under Press Releases.

Financial Technologies (India) Limited (Financial Technologies) has been selected as a finalist for the NASSCOM Innovation Award for 2007. The award was presented to, the co-founder and director for technology at Financial Technologies, ...

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Axis Bank reduces its Benchmark rates of interest

Posted on: Friday, February 15th 2008 and is filed under Press Releases.

Axis Bank has decreased its benchmark rates of interest with effect from 14th February 2008. The Benchmark Prime Lending Rate (PLR) has been reduced by 25 basis points while the Mortgage Reference Rate (MRR) has gone down by 50 basis points. ...

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Book tickets on Cleartrip and get 10 movie tickets free

Posted on: Friday, February 15th 2008 and is filed under Press Releases.

Cleartrip.com, India’s leading OTA today announced an exciting offer for movie-buffs in India. Clubbing travel and movies for the first time, the new promotion titled ‘Ek Ka Dus’ offer will give its customers 10 Movie Tickets Free from bookmyshow.com on booking a Deccan flight with ...

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PNB & Fitch Ratings sign MoU for Bank Loan Ratings

Posted on: Friday, February 15th 2008 and is filed under Press Releases.

Fitch Ratings India and Punjab National Bank (PNB) have signed a Memorandum of Understanding (MoU) for Bank Loan Ratings. Under this MoU, Fitch will assign ratings to PNB’s loans and its other exposures extended to both its existing and potential borrowers. ...

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Orchid gets nod for Granisetron generic formulation

Posted on: Friday, February 15th 2008 and is filed under Press Releases.

Chennai-based pharma major, Orchid Chemicals & Pharmaceuticals Ltd (Orchid) today announced that it has received approval from the US FDA for its ANDA (Abbreviated New Drug Application) for Granisetron Hydrochloride Tablets. ...

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1st Gas Discovery in Deepwater Block in Krishna Basin

Posted on: Wednesday, February 13th 2008 and is filed under Press Releases.

Reliance Industries Limited (RIL) is pleased to announce the first gas discovery in exploratory block KG-DWN-2003/1 (KG-V-D3) of NELP-V. ...

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Tata launches mobile TV software platform

Posted on: Wednesday, February 13th 2008 and is filed under Press Releases.

Tata Elxsi Limited, the embedded Product Design arm of the Tata Group based in Bangalore, India announced that it has integrated its leading software stack solution for DVB-H devices based on Siano’s cutting edge receivers. ...

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PEL aligns with Raytheon to pursue defense comm programs

Posted on: Wednesday, February 13th 2008 and is filed under Press Releases.

Raytheon Company (NYSE: RTN) has signed a memorandum of understanding with Precision Electronics Limited (BSE: PRECISIO) to forge strategic alignments that jointly develop and provide superior communications technology for India’s military forces. ...

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Fitch assigns Genus Power Infra A-(ind)’/’F1(ind) rtg

Posted on: Wednesday, February 13th 2008 and is filed under Press Releases.

Fitch Ratings has today assigned a National Issuer Rating of ‘A-(ind)’ to India-based Genus Power Infrastructures Ltd. (Genus). Genus’s INR1370m short-term bank loan has been assigned an ‘F1(ind)’ rating and INR1500m long-term bank loan has been assigned an &...

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Thermax signs with Babcock & Wilcox for utility boilers

Posted on: Wednesday, February 13th 2008 and is filed under Press Releases.

Thermax Limited and Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), USA, have recently signed a technical transfer license agreement that grants Thermax the right to engineer, ...

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