Company Updates

Sonata Software plans to invest Rs 20 crore for the set up of new facility in Bangalore

Sonata Software plans to set up a fourth facility in the Global Village Special Economic Zone at Bangalore at an investment of Rs 20 crore.

Toyota Motors to pump Rs 1400 crore for the setup of new facility in India

Toyota Motor Corporation (TMC) will launch a small car in the Indian market and will invest Rs 1400 crore ($ 350 million) for a new factory that will come up in Bangalore by 2010.

Dhanus Technologies to spend around US$ 20-30 million for acquisitions

Atlas Copco India acquires 25% stake in two Hyderabad-based firms

Finnish paper and forestry group UPM to invest in Germany

Helsinki - Finnish paper and forestry group UPM-KymmeneFinnish

Austria's RZB writes off 312 million euros in subprime losses

Vienna - Raiffeisen Zentralbank GroupAustria's Raiffeisen Zentralbank Group (RZB)

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