ABB, a leader in power and automation technologies, has signed a frame agreement with BMW Group to support the carmaker’s operations in Germany, the U.K. and the U.S.

Under the arrangement, ABB will supply 2,100 industrial robots over five years, beginning 2010 and commission a variety of robot models for BMW, including the IRB 6640, 6620, 7600 and the new mid range robot IRB 4600; a compact, light-weight industrial robot with the longest vertical reach in its class.

With the board of the Securities and Exchange Board of India, SEBI, divided on the issue related to its lawful right to inspect if the committee appointed to look into the National Securities and Depository Limited (NSDL) matter, it was decided on Monday that an independent legal opinion will be sought.

For the third time in the last four months, GSM have surpassed the earlier record pertaining to the highest number of new additions made a single month - this time, crossing the 10-million new subscribers' mark!

The Indian stock markets remained buoyant and close higher on Monday, for the seventh consecutive day, after an intraday volatile session.

During trading session, the Sensex surpassed the 11,000 mark while the Nifty tested the 3,400 level. BSE Sensex settled the day at 10,967, up 163 points or 1.51%, and Nifty ended up 40 points or 1.21% to 3,382.

Further, BSE Mid Caps and Small Caps also ended the day with gains of 106.57 and 147.61 points at 3,464.92 and 3,915.16 respectively.  

Bank of Rajasthan, one of the oldest, fastest growing, technology driven and customer friendly private sector bank, has informed that it has tied up an alliance with DBS Cholamandalam Asset Management Ltd, to qualitatively enhance its reach in the category of mutual fund investors across the country.

According to a senior official, the tie-up is intended to fulfill the investment needs of Bank of Rajasthan customers, by helping them to reach their financial goals.

In a recent Confederation of Indian Industries (CII) report titled 'Global Economic Crisis: India's Recovery,' the industry body has said that it would be quite "unrealistic" to expect a high level of Foreign Direct Investment (FDI) into India in the face of the ongoing global economic crisis. As such, the CII anticipates that amid recession the Foreign Institutional Investor (FII) investments would be almost negligible.