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Tanla calls off city expansion plans
Tanla Solutions Limited, a city-based telecommunications software and services provider, has called off its plans to set up a new development centre in Hyderabad and a backup/ disaster recovery centre in Bangalore. The company had earmarked Rs 77.26 crore and Rs 12.78 crore respectively for its Hyderabad and Bangalore expansion.

Daiichi FY'09 loss at $3.45 bn on fall in Ranbaxy scrips
Japanese drug maker Daiichi Sankyo today reported a loss of $3.45 billion during the financial year 2008-09, and said it was on account of a steep fall in share prices of Ranbaxy, which it acquired last year.

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Hero Honda holds talks with U'khand govt over land issue
With a piece of land at the Haridwar industrial plant of Hero Honda becoming a bone of contention with the State Infrastructure and Industrial Development Corporation of Uttarakhand Ltd (Sidcul), the company has begun talks with the state government over the issue.
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Srei Infra to raise up to $200 mn through ECBs

The country’s largest power generator, NTPC Ltd, will be officially powering the Commonwealth Games being held next year. It has got marketing rights for the games that will held in New Delhi next year, in return for a Rs 50-crore sponsorship. - No fear of asset bubble on rising inflows: RBI - RBI tightens ECB guidelines - New MFs to look beyond cities - Credit limit on structured obligations up to $1 billion - India Power combine wins bid for control of DPSC - SDCs to boost Srei rural jobs initiative “NTPC shall be the official power partner for the 19th Commonwealth Games 2010, Delhi,” said a statement released by the company. NTPC today signed an agreement to this effect with the Organising Committee of the games. NTPC plans to use the games’ imagery to market itself. “This recognition will allow the company to enjoy marketing rights, advertising, promotion and recognition to connect with its customers,” the statement read. The NTPC logo will be used with the games’ logo in all events.


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