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Bank of India raising funds for credit expansion
Bank of India plans to raise at least Rs 1,400 crore through the Qualified Institutional Placement route for funding credit expansion and new ventures.
 
Ericsson to provide IPX to 8 operators
Ericsson, a major in telecommunication, will provide its global Internet Payment Exchange (IPX) payment and messaging service to eight Indian operators.
 
IDG funds Bangalore startup
IDG Ventures India, a $150 Million early-stage technology venture capital fund, has announced that they made an investment in Bangalore based 3D Solid Compression.
 
Stocks to witness high volatility in 2008
Investors should be cautious before investing, and investors should focus on firms with strong earnings and quality says Fidelity International India.
 
Retail can be a huge success in India: Minister
Organised retail can be a huge hit in India provided big retailers do not follow the western model, and instead establish a model suitable to Indian conditions, said Minister.
 
RCom to invest $200 million in Uganda
RCom will invest $200 million to launch a telecom network - both fixed and mobile - in Uganda, a country in Eastern Africa by the third quarter in 2008.
 
AES plans $2.8 Bn power plants
U.S. power company, AES, plans to build power plants worth $2.8 billion in India. It is considered as the biggest move by a foreign company into the country's electricity sector.
 
Auto part investments to treble in 3 yrs
Domestic auto component companies are investing $7.5 billion (Rs.30000 crore) to cash in on the automobile boom, reported the Business standard.
 
Capgemini to hike headcount
Capgemini, a consulting, technology and outsourcing services major, will increase the headcount in its Indian operations.
 
IFCI to sell about 20 percent stake to IFC
Luring the potential strategic investors, the IFCI board has decided to bring in International Finance Corporation (IFC), a multilateral institution as an investor.
 
 
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Manish Sinha, Microsoft
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