Mahindra finance fixes IPO priceing at Rs 200

Friday, March 10, 2006, 16:34 [IST]

Mumbai, Mar 10 (UNI) Mahindra&Mahindra Financial Services Ltd today said that it has fixed the price of its initial public offering at Rs 200 per share, the upper end of a previously set band of Rs 170-200.

The 20 million share issue by the finance unit of tractor and utility vehicle maker Mahindra&Mahindra Ltd, raised Rs 400 crore.

Shares in the company will be listed on the stock exchanges shortly, the company said in a notice.

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90% Fortune companies set up EAP

Friday, March 10, 2006,16:34 [IST]

Hyderabad, Mar 10 (UNI) Experts at a seminar ''Relevance of Psychological Support in the Knowledge-based industry'' organised by NASSCOM said more than 90 per cent Fortune-1000 companies have an `Employee Assistance Programme' (EAP), but in India it is still a cultural barrier. Participating in the seminar, PPC Worldwide India, Chief Operating Officer Anna Oldman said that in the west, EAP provides easily accessible, professional support to employees and their family members. Helplines are.....

India needs knowledge power, not nuclear power: Nagarajan

Friday, March 10, 2006,16:34 [IST]

Hyderabad, Mar 10 (UNI) Agricultural scientist and expert in Intellectual Property Rights (IPR), S Nagarajan today said the country should emerge as a hub of 'knowledge power' instead of being a 'nuclear power' in the world. Delivering a lecture on 'IPR opportunities' organised at the first international conference on ''Agri Biotech 2006'' here, Dr Nagarajan asserted it was high time that the biotechology and its allied activities reached the remote village for the benefit of.....

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Ten new Indians in world billionaires club

Friday, March 10, 2006,16:34 [IST]

New York, Mar 9: Indian steel tycoon Lakshmi Mittal is ranked the world's fifth richest on the Forbes billionaires list that has ten new Indians this year.Microsoft's Bill Gates is the leader with 50 billion dollars while Mittal boasts of a net worth of 20 billion.India is home to ten new billionaires, more than any other country besides the United States. The total number of Indian billionaires is 27.On the Indian billionaires list is Wipro's Azim Premji,.....

CMC and WebEx form strategic alliance

Friday, March 10, 2006,16:35 [IST]

Bangalore, Mar 10 (UNI) WebEx Communications India, the market leader in on-demand collaborative business solutions, and IT solutions provider CMC Limited have entered into a strategic alliance to expand the delivery of WebEx collaborative business solutions in the Indian market. Under the agreement, CMC, a subsidiary of Tata Consultancy Services (TCS), would market, sell and support WebEx solutions suite to its customers in India, a release from WebEx said today. ''WebEx has a proven.....

Mixed response for Dakshina Kannada dist bandh

Friday, March 10, 2006,16:35 [IST]

Mangalore, Mar 10 (UNI) The Dakshina Kannada district bandh, called by the district unit of the Rashtriya Yuva Sena in protest against the bomb blast in a temple in Varanasi, evoked mixed response today. While all private and moffusil buses remained off the road, Government buses and private vehicles plied normally. Autorickshaws did roaring business as city buses did not operate. More than 50 per cent of the shops and business establishments did normal business......