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Kenexa Acquires German Consullting Firm... 2007-09-01 19:08:00 Kenexa is a leading provider of talent hiring and retention solutions. The company has acquired German
based HRC Human resources Consulting GmbH. HRC Human Resources Consulting is headquartered in Munich and is one of the leading consultancies for business oriented employee surveys in German speaking countries. The acquisition of HRC will provide Kenexa with additional proprietary content to Kenexa's current survey and performance management offering and their offices will expand Kenexa's geographical reach in mainland Europe.
Essar Oil To Raise $750 mn... 2007-09-01 18:57:00 Essar Oil plans to raise about $750 million which is approximately Rs. 3,000 Crores from overseas to fund expansion of its Vadinar refinery in Gujarat. Essar owns a 10.5 million tonnes a year refinery at Vadinar and it has informed the stock exchanges that it would raise the money through Foreign Cuurency Convertible bonds, Global or American depository receipts or other instruments overseas. The company is planning to expand the refinery's capacity to 16 million tonnes. Read more:Essar
Apollo Hospitals Plans To Raise $100 Million From Apax... 2007-09-01 18:40:00 Apollo Hospitals
announced on Friday that it was planning to raise about $100 million from private equity investor Apax Partners. According to BSE filing, AHEL will issue seven million shares on a preferential basis to Apax at a price of Rs. 605.07 Read more:Apollo
Deven Sharma Named As The President Of Standard & Poor's (S&P)... 2007-09-01 17:43:00 DEVEN SHARMA did it... The Indian number cruncher has been named as the President
of the financial research firm Standard
and Poor's (S&P). He replaces Kathleen Corbet who apparently is leaving to "pursue other opportunities." But the grapevine is that the financial research firm is facing widespread criticism for its role in the unfolding subprime mortgage crisis. Credit rating agencies act as the barometers for many companies in the world for their short term and long term credit rating assessment. The best quality companies get a AAA rating.Deven is a graduate of Birla Institute of Technology ( BIT ), Mesra, Jharkhand, India. He did his master's degree from the University of Wisconsin and a Doctoral degree in Business Management from Ohio State University. Now 51, Deven Sharma
joined Mc-Graw-Hill in 2002 and has held a number of leadership positions within the company. As executive vice-president (global strategy), he was highly influential in identifying and leading a number of t
SMEC Is Set To Invest Rs. 2,500-3,000 Cr. To Create An Integrated SME Campus In Andhra Pradesh... 2007-08-30 16:17:00 Investments are pouring into the state of AndhraPradesh
. In what seems to be a great boon to the Small/Medium Enterprises, US based Small and Medium Enterprises Consortium (SMEC) is planning to invest Rs. 2,500-3,000 Cr. in its proposed information technology cluster. And in the process will create around 25,000 jobs in Andhra Pradesh most likely in the fields of IT, Accounting, Sales, BPO along with a lot of unskilled jobs. The SME cluster will house more than 300 SME facilities for entrepreneurs in small and medium scale sector.The consortium is floated by the NRIs from U.S. mostly hailing from Andhra Pradesh. The SME consortium already has about 60 members whose businesses range from Rs. 20-400 Cr. the combined turnover of these companies is around Rs. 12,000 Cr. Many of these are already working in and around Hyderabad. And very likely will shift into the new campus once it is operational. Moreover, 300 SMEs have already shown keen interest in setting up shop in the campus. The de Read more:Integrated
, Campus
NSE Is Soaring High And Growing Fast To Become The World's 2nd Fastest Growing Bourse... 2007-08-30 07:48:00 National Stock Exchange (NSE), INDIA has achieved the distinction of becoming the 2nd fastest growing stock exchange in the world in terms of the number of companies registered according to the latest bulletin released by World
Federation of Exchanges (WFE). And all through this while Bombay Stock Exchange (BSE), INDIA is sitting pretty on the cliff, consolidating its position as the world's largest bourse.NSE recorded a 16.6 per cent jump in the number of listings to 1,274 during one-year period ended July 2007, while BSE has become home to a total of 4,853 companies. NSE has seen a whopping surge of about 13 times in number of listed companies in nearly 13 years from about 100 firms in 1994-95, after it was recognized as a stock exchange under the Securities Contracts (Regulation) Act in April 1993. The exchange was next only to a 29 per cent jump in the number of listings at Poland's Warsaw Stock Exchange in the 12 month period ended July, according WFE's monthly bulletin. Moreov Read more:Growing
, Become
"No Hoarding Zones" To Make Life Safer In Hyderabad... 2007-08-19 07:11:00 Hyderabad has always been a grand city with its unflinching history and charm. But the recent march towards development has spawned many side-effects. One among them has been the huge cut-outs and hoardings that sprung up without stringent regulations in place. Though initially majority of us including me liked Sania Mirza on that huge hoarding, gradually things became out of control and they have just become an eye-sore. More recently, they have become even life threatening as a huge 15 tonne Uni-pole came crashing down killing one and injuring four people.So in order to make many commercial zones safe and bring uniformity to the skyline of the city, Greater Hyderabad Municipal Corporation(GHMC)has stopped giving permissions to new LCD Hoardings and also is in the process of declaring many "No Hoarding Zones
" including Assembly, Raj Bhavan, Secretariat. In fact the whole city will be divided into 4 zones namely A, B, C and D. Zone A will be a no hoarding zone, Zone B will have a limi
Make Room For "AIR" Car In 2008... 2007-08-18 15:13:00 TATA is at it again... After the promise of an affordable and revolutionary Rs.1-Lakh car sometime in 2008, TATA Motors is also planning to introduce the world's most fuel efficient technology based car which runs on just compressed air. Yes, you are reading right... So obviously, it would deliver the lowest running costs across various segments of passenger cars. It would even beat the current cheapest on-road fuel CNG(with a running cost of a rupee per kilometre). The cost of air fuel refill would be about Rs.90, and each fill is estimated to have a range of about 150-200 km."Rs.90 of air fuel refill would keep your car rolling for 150-200 km."These cars would probably be priced in the Indica range (approximately around Rs.3.5 Lakh). The TATA's Air car version would probably be the mirror of the European variant called MiniCAT. Though the official sources are not confirming the launch date, they sure are destined for Indian roads. This would be a very good news for our polluted urb
First Private Equity Deal In Defence And Nuclear Space: MTAR Technologies Gets $65 Mn. From Blackstone 2007-11-07 08:56:00 BLACKSTONE, which is a US PrivateEquity
Fund, has announced an investment of $65 Million in the Hyderabad based MTAR Technologies pvt. Ltd. This is the first private equity deal in the Defence and NuclearSpace
. MTAR Technologies is a company that provides components to the Indian Defence and Aerospace establishment. The funding will be a mix of Primary and Secondary Equity. The stake diluted is undisclosed. MTAR will continue to be led by the original founders P. Ravindra Reddy, Satyanarayana Reddy and P. Jayaprakash Reddy and the existing Management team.MTAR manufactures Precision Machined Parts for Nuclear Power Reactors, and Engine and Structural components for Aerospace and Defence applications. It has clients like Nuclear Power Corporation of India Ltd, Indian Space Research Organisation, and Hindustan Aeronautics Ltd, all in the government sector. Akhil Gupta, Chairman of Blackstone Advisors India Pvt Ltd, said: "MTAR is a sector leader with very unique skill-sets, capabilitie Read more:First
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