Software services firm 3i Infotech Ltd. has entered into strategic partnerships with ICICI Lombard, Airtel and Max New York Life to offer a comprehensive range of services to rural consumers under the I-SERV brand.

It may be noted that through I-SERV stores, consumers especially in remote rural areas will get an access to a range of value added services that will improve their quality of life. These stores will deliver services related to Banking, Insurance, Mobile, Education, Ticketing and Utilities.

Alphageo (India) Ltd has secured a contract worth Rs 37 crore from Hindustan Oil Exploration Company Limited (HOEC) for acquisition of Seismic Data in State of Assam.

Satyam Computers founder and chairman Ramalinga Raju has resigned from the company’s board.

In a letter to the board members, Raju said that the company’s balance sheet has inflated cash and bank balance of Rs 5,040 crore.

“No board member had any knowledge of the real situation. Accrued interest of Rs 376 crore in books is non-existent. Rs 1,230 crore was arranged to Satyam, but was not reflected in the books,” he said.

In response to Raju’s disclosures, the stock was hammered badly by investors, and it lost more than 65 percent.

Safexpress Pvt Ltd, leader in the Supply Chain and Logistics Industry, has launched its new service ‘Stock2Shelf’, to offer up value added supply chain services to the Malls across India.

This is the first of its kind ‘end-to-end professional mall supply chain service’ in the country for the retail stores inside the malls and is all set to redefine the Mall-Scape. This pioneering end-to-end service addresses the supply chain management needs of key retailers across India in a specialized and competent manner.

Champagne Indage Ltd, India’s oldest & largest wine company, has changed its name to ‘Indage Vintners Ltd’.

Indage Vintners Ltd (IVL) with its new name, plans to bring about various new developments and plans as part of the continuous process of setting up and developing Indage as a top global wine maker, which has its roots firmly in India.

The name change also brings into effect the discontinuance of the term ‘Champagne’ to respect IPR rights as part of the business’s merger into the worldwide trading community.

Swiss banking major Credit Suisse has revealed that it has invested Rs 794 crore in its non-banking finance company (NBFC) named Credit Suisse Finance India.

According to sources, the company has pumped the said amount in order to fund the operations of its Indian non-banking finance company (NBFC) in India. With the fresh funds, the total capital of Credit Suisse Finance (India) now stands at Rs 827 crore.