MAHINDRA & MAHINDRA ACQUIRES MAJORITY STAKE IN REVA ELECTRIC VEHICLES CO.LTD.
Mahindra & Mahindra acquires 55.2% stake in Reva Electric Vehicles Co.Ltd and the new name of the company will be Mahindra REVA Electric vehicle Company Ltd. The Maini family promoters of REVA will hold 31% stake in the new company.
M&M will be infusing Rs.45 crores as fresh equity in the company . M&M has acquired shares from the promoters, the valuation of which was not mentioned either by REVA or M&M.Dr.Pawan Goenka,will be the Chairman of the New company.
EDUCOMP TELE EDUCATION NETWORK FOR CA PREP-ETEN CA THROUGH SATELLITE COMES TO BANGALORE.
ETEN CA from indiaCan education,India's largest network of technology based satellite coaching centres for chartered accountancy was launched inMalleswaram,Bangalore. In less than 2 years ETEN CA has set up over 100 centres across North ,central and Eastern India and benefitted over 20,000+ students.The objective of the satellite education is to help students get advanced,scientific and personalised coaching right in their hometown.It allows students to study all subjects in his/her hometown without migrating to metropolitan cities as it was the case earlier.
MICHELIN ,THE NO.2 TYRE COMPANY IN THE WORLD INTRODUCES ITS INNOVATIVE DISTRIBUTION PROGRAMME IN INDIA.
TYREPLUS,the joint initiative by Michelin Tyres and and Tyre Empire has opened its first outlet in Whitefield,Bangalore,Karnataka.
JUNGLE LODGES & RESORTS COMPLETES 30 YEARS.
Mr.N.D Tiwari,Managing Director of Jungle lodges & Resorts announced that the company has completed 30 years of its existence. To commemorate the success of the company, an event will be organised on 28th May,2010.
Starting from a single resort at Kabini,today,JLR runs 13 resorts across the state with 5 more locations to be opened up in the near future.
List of upcoming New projects of Jungle Lodges & Resorts.
1.Resort at Vilaspur,Bidar.
2.Eco resort at Talalalale,Jog.
3.Eco Tourism Facility at Hampi.
4.Eco Resort at pilikula and Nissargadhama.
5.Eco resort at Khanapur,Belgaum.
6.Night safari at Bannerghatta,Bangalore .
7.Eco resort at Yagachi,Japan.
On other developments, Mr.Tiwari said that JLR will be among the elite few in the world which will own and operate the exotic night safari project. Further, few states Viz.Andamans, Jammu & Kashmir,Maharashtra,and orissa have also approached JLR to offer consultancy services.
EXPORTS FARE BETTER THAN EXPECTED.
Indian Exports touched a figure of USD176.5 billion which is more than expected.
Looking at this figure the President of Federation of Indian Export Organisation(FIEO),Mr.Sakthivel said that the export target of
200 Billion USD fixed for the current fiscal year is achievable.
STANDARD CHARTERED BANK LAUNCHES FIRST EVER INDIAN DEPOSITORY RECEIPT " IDR" OFFER.
Standard Chartered Bank launch their first ever Indian depository
Receipt (IDR) offer.This issue of IDR's will allow the bank to significantly boost its market visibility and brand Profile in India and will give indian investors an oppurtunity to invest in the bank and participate in its growth.
Standard chartered bank celebrated its 150th year of their operations in India in 2008, having opened its first branch in kolkata in 1858. The bank's share is listed on London & Hong Kong Stock Exchanges.
the IDR's will be listed in Mumbai Stock Exchange and National Stock Exchange. The pricing of the issue will be announced on 24th may,2010.The amount being raised will depend on the pricing of the issue and investor response.
Mr.Neeraj Swaroop,Regional CEO,India & S.Asia addressed the media along with Ms.Ashia Razzaq,Head investor relations of the bank and Mr.Sunil Sanghai-Goldman Sachs.
18th BUSINESS SCHOOL AFFAIRE AND DEWANG MEHTA BUSINESS SCHOOL AWARDS-CALL FOR ENTRIES-MUMBAI.
CONTACT-Dr.Prasad Medury e mail: pmedury@bschoolaffaire.com
Mr.Albert Tauro,CMD,Vijaya Bank 
addressing the participants of One day programme held in Bangalore initiated by RBI-IBA on Risk Management hosted by Vijaya Bank.
RG STONE LAUNCHES KARNATAKA'S FIRST DEDICATED PAEDIATRIC UROLOGY SUPER SPECIALITY UNIT AT SUGUNA HOSPITAL IN BANGALORE.
From new born child to 16 years old with urological problems across Bangalore to benefit fromspecialist services for ureters,bladder and genitalia.
Addressing the media,Dr.Manjunath Consulting Urologist at RG STONE said that Paediatric urologists are experienced in handling small kids and can operate on these very soft and miniature tissues.They understand an unspoken language of the kids also and will be able to diagnose the problem in a young child better than an adult urologist who sees only adults.
The other failities available in the hospital are Kidney stone removal,Lithotripsy,PCNL,URS,Enlarged prostate,Holmium laser,Kidney\prostate cancer,Female Urinary Incontinence,Urethra\Ureteric stricture.
IndiaCan LAUNCHES ITS FIRST VOCATIONAL TRAINING CENTRE IN BANGALOREIndiaCan a joint venture of Educomp solutions Ltd. and Pearson, the world's largest education services provider has forayed into Karnataka with the launch of its first
centre in Bangalore for imparting vocational training.
IndiaCan plans a national network of more than 600 vocational training centres in the near future,focusing on jobs across segments such as
finance,retail,IT and insurance..
IndiaCan's vision is to train over 500,000 persons annually and make them' ready to deploy' in the industry by 2012 with globally transportable skill sets.
Photo on the Right.Mr.Sharad Talwar,CEO IndiaCan
addressing the Media in Bangalore.
VIJAYA BANK'S BUSINESS GOAL SET AT Rs.1,26,000 CRORES.
Vijaya Bank has set a target of 21% growth in overall business for the year 2010-11.
YAMAHA LAUNCHES NEW YBR 110
Adding to its portfolio of impressive and successful motorcycle models,India Yamaha Motor Pvt.Ltd has come out with a decent yet stylish design and is targeted at Middle income class people who want to have a stylish and comfortable commuter bike.
YBR 110 has electric start,air cooled,4 stroke SOHC engine which provides excellent low end torque for everyday riding.
YBR 110 is priced at Rs.41302\- (Ex showroom,Bangalore) and it will be avalable in 3 colours.
