Company News

Renault-Nissan increases share in shrinking global car market

Renault-Nissan increases share in shrinking global car marketParis - Despite a drop of sales, French-Japanese carmaker Renault-Nissan was able to increase its share of the world car market in 2008, the company announced on Wednesday.

Renault and Nissan sold nearly 6.1 million cars last year, a drop of 1.1 per cent over 2007 but good enough to increase their combined share of the global car market to 9.4 per cent, up from 9.1 per cent.

The reason for the improvement is that global car sales fell by 5 per cent in 2008, Renault said.

VeriSign To Offer PKI Authentication To WiMAX(TM) Industry

VeriSign To Offer PKI Authentication To WiMAX(TM) IndustryVeriSign, Inc, the trusted provider of Internet infrastructure for the networked world, has announced that the WiMAX Forum® has chosen VeriSign’s Public Key Infrastructure (PKI) to defend the rapidly increasing wireless broadband ecosystem.

After a wide-ranging selection procedure, VeriSign has been chosen to offer security solutions based on PKI for WiMAX™ networks that combine the speed of broadband with the ease of wireless to deliver the ‘last mile’ of connectivity on quick, metropolitan area networks.

Vedanta Aluminium Receives St John Ambulance Award

Vedanta Aluminium Receives St John Ambulance AwardShri Muralidhar Chandrakant Bhandare, Governor of Orissa, has presented the prestigious ‘St. John Ambulance Award – 2008’ to Vedanta Aluminium Limited, Lanjigarh for its involvement towards training and promotion of First Aid not only among its staff, contract workers and other shareholders but also in whole region of Kalahandi, at large.

Dr. Mukesh Kumar, Company’s CEO received the award at the Annual General Meeting of St John Ambulance held at Raj Bhawan, Bhubaneswar on February 3, 2009.

Infosys BPO Gets ‘Positive’ Rating By Gartner

Infosys BPO Gets ‘Positive’ Rating By Gartner Infosys BPO, the business process outsourcing arm of Infosys Technologies, declared that it got a ‘positive’ rating in Gartner’s MarketScope for Comprehensive Finance and Accounting Business Process Outsourcing, 2008.

Infosys BPO was amongst the 11 vendors judged for the reports that focused on vendor potentialities in the wide-ranging F&A BPO market.

Ashapura Minechem Signs MoU With Maharashtra Govt

Ashapura Minechem Signs MoU With Maharashtra Govt Ashapura Minechem Ltd has signed up a Memorandum of Undertaking (MoU) with government of Maharashtra in order to establish a high-tech Alumina Complex at Ratnagiri, in the coastal belt of Maharashtra.

The company would spend Rs 4,200 crore on the project including an investment of Rs 1,320 Crores for a 330 MW Captive Power Plant.  

The project, covering up 1500 acres of land, will create direct and indirect employment for more than 3000 people.

Indiabulls Securities to go for buyback of equity shares for Rs 33

IndiabullsShares of Indiabulls Securities closed in negative zone after touching intraday high of Rs 23 on Tuesday, after the company announced to buy back shares from the open market at a price of up to Rs 33. The Company' Board of Directors has approved the idea to buy-back of equity shares worth Rs 83.18 crore under the sub-section (2) of Section 77A of the Companies Act, 1956.

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