All CRISIL Mutual Fund indices with the exception of the CRISIL MF~Gilt index posted positive returns in July 2008. The CRISIL Fund~eX (which tracks diversified equity funds) with returns of 5.40 per cent in July was in line with the benchmark S&P CNX Nifty which ended the month at 7…

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Parsvnath Hotels Ltd. (PHL) a subsidiary of Parsvnath Developers Limited (PDL), India’s leading company in real estate and infrastructure development with strategic tie-ups in hospitality sector has announced the appointment of Mr. D. N. Davar, Mr. B.K. Goswami, Mr. V.K. Chopra and Mr. …

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CRISIL has assigned ‘AA+f’, ‘AAAf’ and ‘AAf’ rating to DWS Money Plus Fund, DWS Liquid Plus Fund and DWS Credit Opportunities Cash Fund respectively. CRISIL has upgraded the rating to DWS Money Plus Fund to ‘AA+f’ from ‘AAf’, indicating that fund’s portfolio holding,…

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Vietnam Steel Corporation (Vietnam’s largest steel company), Vietnam Cement Industries Corporation (Vicem) and Tata Steel, world’s sixth largest and Asia’s first integrated steel company, signed a Joint Venture Agreement (JVA) for the proposed steel complex in Vietnam today. This 4….

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Mahindra & Mahindra, the largest Utility Vehicle Manufacturer in India, has won the All India Award For Export Excellence instituted by the Engineering Export Promotion Council. Mahindra’s Automotive Sector has been crowned Star Performer for the year 2006-07. The Award was receiv…

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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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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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