VIJAYA BANK SIGNS MOU WITH LIFE INSURANCE CORPORATION OF
INDIA FOR DISTRIBUTION OF LIFE INSURANCE PRODUCTS THROUGH
THEIR NETWORK OFBRANCHES ON REFERRAL BASIS.
Mr.A.K.Dasgupta,M.D,LIC handing over the MOU to
Mr,Albert Tauro,CMD,Vijaya Bank.
Friday, June 25, 2010
Thursday, June 24, 2010
Wednesday, June 23, 2010
LENOVO launched 12 youthful and zesty products in the consumer segment. The main attraction is the Z series note books-Lenovo Ideapad z460 and Lenovo ideapad Z560 that offer mainstream performace and multimedia features at affordable prices. in addition to the z series of PC's the new models included the top of the line multimedia notebooks Lenovo Ideapad Y460 and Lenovo ideapad Y560,the highly mobile and attractively designed notebooks Lenovo ideapad S10-3's 'Moon' and 'Wind',the super -efficient space saving desktop Lenovo H320,an entire slew of sleek and space efficient All in one PC's-Lenovo ideacentre A300,lenovo ieacentre B500,lenovo Ideacentre B300 and Lenovo C200.Thinkpad Edge (in 14" &15' display),Lenovo B460 and Lenovo V460. Their strategy is PROTECT the Strengths and ATTACK the oppurtunities.
Lenovo has major research centres in Yamato-japan,Beijing,Shanghai and Shenzen in China and Raleigh,North carolina. They also have a manufacturing facility in Pondicherry,in India.Their market share has increased from 4.2% last year to 7.2% this year.
Tuesday, June 22, 2010
RAIL & METRO BUSINESS GROW IN BEML.
BEML REGISTERED GROWTH OF 18% IN SALES AND POSTED A SALES OF Rs.3558 CRORES DURING THE YEAR 2009-10.
Rail and Metro Busines achieved a phenomenal growth of 114% and Defence business grew by 14%.
BEMLposted a Profit before tax of Rs.320 crores and wrapped up the year 2009-10 with an order book of Rs.5206 crores for 2010-11 and beyond.
The company has set a sales target of Rs.4200 crores for 2010-11 and Rs.5000 crores for 2011-12.
Addressing the media Mr.V.RS.natarajan said that the company has acquired the assets of MAMC along with consortium partners Coal India Ltd. and Damodar Valley corporation for diversifying into Underground mining equipment.The company has invested an amount of rs.100 crores to accquire the assets.The company will also be investing another Rs.200 crores as equity in the JV company.
BEML's share holdings is as follows: Government:56%,Indian Public & others:44%,of which FII"s hold 13%. The company has declared a dividend of 1005 for the year 2009-10.
Rail and Metro Busines achieved a phenomenal growth of 114% and Defence business grew by 14%.
BEMLposted a Profit before tax of Rs.320 crores and wrapped up the year 2009-10 with an order book of Rs.5206 crores for 2010-11 and beyond.
The company has set a sales target of Rs.4200 crores for 2010-11 and Rs.5000 crores for 2011-12.
Addressing the media Mr.V.RS.natarajan said that the company has acquired the assets of MAMC along with consortium partners Coal India Ltd. and Damodar Valley corporation for diversifying into Underground mining equipment.The company has invested an amount of rs.100 crores to accquire the assets.The company will also be investing another Rs.200 crores as equity in the JV company.
BEML's share holdings is as follows: Government:56%,Indian Public & others:44%,of which FII"s hold 13%. The company has declared a dividend of 1005 for the year 2009-10.
Monday, June 7, 2010
Friday, June 4, 2010
Karnataka launches High Pitch Campaign for Investment.
The Global investor's Meet showcasing karnataka's favourable
Industrial Policies,Natural Resources,Large talent pool,reputed
Scientific and Research institutions got off to a roaring start. The
Industry leaders comprising of Mr.Lakshmi Mittal,Mr,Kumarmangalam
Birla,Mr.Venu srinivasan,Mr.Shashi Ruia,Mr.Vijay Mallya,Mr.Azim
Premji Mr.Kris Gopalakrishnan and others heaped praises on the
Chief Minister Mr.B.S.Yediyurappa for his pro development and
pro investment Policies.
A detailed Report on Global investors meet and the MOU's signed
follows.
The Global investor's Meet showcasing karnataka's favourable
Industrial Policies,Natural Resources,Large talent pool,reputed
Scientific and Research institutions got off to a roaring start. The
Industry leaders comprising of Mr.Lakshmi Mittal,Mr,Kumarmangalam
Birla,Mr.Venu srinivasan,Mr.Shashi Ruia,Mr.Vijay Mallya,Mr.Azim
Premji Mr.Kris Gopalakrishnan and others heaped praises on the
Chief Minister Mr.B.S.Yediyurappa for his pro development and
pro investment Policies.
A detailed Report on Global investors meet and the MOU's signed
follows.
BUILDING SECURE CITIES IN TROUBLED TIMES.
Security watch India in association with Indianeye Security and CSARN & Bangalore Chambers of Industry & Commerce organised a conference on Building Secure Cities in Troubled Times recently in Bangalore.
This seminar was timely and leading personalities like the Police commissioner,Bangalore Mr.Shyam Ratan Mehra, Former
Secretary,GOI ,Ms.Jija Madhavan hari Singh,Commandant General
Home Guards, Mr.B.Raman, Director,Institute for Topical studies,
Mr.Laxman Badiga,CIO.WIPRO,Ms.Gulveen Somal,MD, Indianeye
security Pvt.Ltd. and manyInternational Speakers along with
Mr.Maroof Raza,Defence Analyst & Senior Advisor,Security watch India spoke on the occassion.
The Theme of the seminar was ' How safe are our cities' and
Security Challenges to life of the Citizens and to critical infrastructure assets like Airports,Railways,Ports, Refineries and other very important installations. The speakers also presented various strategies to successfully over come them.
Security watch India in association with Indianeye Security and CSARN & Bangalore Chambers of Industry & Commerce organised a conference on Building Secure Cities in Troubled Times recently in Bangalore.
This seminar was timely and leading personalities like the Police commissioner,Bangalore Mr.Shyam Ratan Mehra, Former
Secretary,GOI ,Ms.Jija Madhavan hari Singh,Commandant General
Home Guards, Mr.B.Raman, Director,Institute for Topical studies,
Mr.Laxman Badiga,CIO.WIPRO,Ms.Gulveen Somal,MD, Indianeye
security Pvt.Ltd. and manyInternational Speakers along with
Mr.Maroof Raza,Defence Analyst & Senior Advisor,Security watch India spoke on the occassion.
The Theme of the seminar was ' How safe are our cities' and
Security Challenges to life of the Citizens and to critical infrastructure assets like Airports,Railways,Ports, Refineries and other very important installations. The speakers also presented various strategies to successfully over come them.
VIJAYA BANK SIGNS MOU WITH UNITED INDIA INSURANCE CO.LTD FOR DISTRIBUTION OF GENERAL INSURANCE PRODUCTS THROUGH THEIR LARGE NETWORK OF BRANCHES AND PAN INDIA PRESENCE.
Mr.Albert Tauro,CMD,Vijaya Bank and Mr.G.Srinivasan,CMD United India Insurance Co.Ltd,exchanging the MOU signed by them.
Ms.subhalakshmi Panse,ED,Vijaya Bank and Mr.K. Sanat kumar,GM,United Insurance Co.Ltd. were also present.
Mr.Albert Tauro,CMD,Vijaya Bank and Mr.G.Srinivasan,CMD United India Insurance Co.Ltd,exchanging the MOU signed by them.
Ms.subhalakshmi Panse,ED,Vijaya Bank and Mr.K. Sanat kumar,GM,United Insurance Co.Ltd. were also present.
Sunday, May 30, 2010
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.
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.
SATELLITE COACHING FOR CA COMES TO BANGALORE
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.
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.
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