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Blue Dart appoints new MD

New Delhi, Feb 21 (UNI) Blue Dart Express Ltd, an integrated air express, courier and logistics company has announced the appointment of Mr Anil Khanna as Managing Director of the company with effect from today.

Mr Khanna will replace Malcolm Monteiro who has moved to DHL Express as Senior Vice President and Area Director for South Asia.

The company posted a net profit of Rs 50.23 crore for the year ended December 31, 2006, compared to Rs 43.31 crore for the nine-month period ended December 31, 2005.

UNI

UAE ahead of India, China in INSEAD list

Dubai, Feb 21 (UNI) The World Business INSEAD Global Innovation Index 2007 has placed the United Arab Emirates (UAE) 14th on the list of global nations, while India and China were ranked 23rd and 29th respectively. According to INSEAD, the ranking of the UAE at 14th is a sign of the shifting tectonic plates of the world economy. ''The brightest star in the West Asia, the UAE has benefited from government leadership that sets it apart from its neighbours through policies.....

UTI Mutual Fund launches UTI Gold Exchange Traded Fund

Chennai, Feb 21 (UNI) Cashing in on the growing trend of investing through Gold, UTI Mutual Fund today announced launch of UTI Gold Exchange Traded Fund. The new fund offer would open on March one and closes on March 12, UTI AMC Country Head and President Mohit Sachdev told reporters here today. It would be an open ended Exchange Traded Fund designed to trac the performance and yield of the underlying asset - gold. Mr Mohit said "the scheme will.....

PSTL to raise USD 100 million via FCCBs

Chennai, Feb 21 (UNI) Pyramid Saimira Theatre Limited (PSTL), India's mega digital theatre chain, will raise US Dollars 100 million through the issue of Foreign Currency Convertible Bonds (FCCBs). The company has further decided to jointly develop and operate 200 malls with multiplexes, with the leading developers, all over India, an official release said here today. For this foray, the company has also decided to form a Special Purpose Vehicle (SPV) on partnership basis with the developers, where the Board has.....
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