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Calsoft enters strategic alliance with China

Chennai, Feb 26 (UNI) California Software Company Limited (Calsoft) has entered into a strategic alliance with Malata in China, an internationally renowned original equipment manufacturer (OEM) for mobile phones, DVD players, LCD monitors, set top boxes and MP3 players.

Under this arrangement, Calsoft will provide software engineering to enhance Malata product line, a company release said here today.

The company manufactures over 10 million electronic devices a year and Calsoft will offer its hi-tech services to facilitate Malata to offer feature-rich devices, it added.

UNI

Granules India to allot 14.9 % stake to Ridgeback

Hyderabad, Feb 26 (UNI) Granules India Limited's Board of Directors had approved allotment of 14.9 per cent stake to Ridgeback Capital Investment. US-based Ridgeback Capital Investment would invest around 5.6 million US Dollars in Granules India, which was a leading pharmaceutical formulation company. The Granules would issue 22,11,200 equity shares of Rs 10 each fully paid up at Rs 105.50 per share (including premium) to Ridgeback Capital on their affiliates on a preferential basis, a company release here said. The.....

Pawan Goenka appointed Chairman of new JV company

Chennai, Feb 26 (UNI) Dr Pawan Goenka has been appointed Chairman of the new Joint Venture company promoted by auto majors Mahindra and Mahindra, Renault and Nissan. This was announced by Mr Keshub Mahindra, Chairman of Mahindra and Mahindra Ltd at a press conference here today. Mahindra and Mahindra would hold 50 per cent equity in the JV, while the balance would be held by the other two companies. The JV has been formed to establish a utility vehicle and car.....

USD, Pound, Yen costlier; Euro flat

Mumbai, Feb 27 (UNI) Following are the indicative currency notes and travellers' cheques buying and selling rates per unit as supplied by Thomas Cook India here today. (Figures in Rupess) Currencies Buy Sell US dollar 42.15 46.20 Sterling pound 82.95 90.25 Euro 55.30 60.65 Australian dollar 33.90 36.35 Bahrain dinar 110.75 123.10 Canadian dollar 35.80 39.40 Danish kroner 7.25 8.20 Egyptian pound 6.00 8.25 Hongkong dollar 5.25 6.10 Japanese yen/100 34.70 37.70 Jordan dinar 56.10 63.75 Kuwait dinar 139.85 158.85 Malaysian.....
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