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Aabhas Sharma / New Delhi July 25, 2009, 0:40 IST

China represents four opportunities for us: NASSCOM Chief
China presents four major opportunities to the IT industry in India, including servicing the north Asian market, Som Mittal, Chairperson of NASSCOM (National Association of Software and Services Companies), said here today.

News of the day

'International exposure makes IMT-Dubai different'
The Institute of Management Technology (IMT) Dubai is one of the few Indian business schools to have got an approval from the UAE’s ministry of higher education and scientific research to offer an accredited MBA programme and executive education to companies operating in the UAE. IMT Dubai’s director Farhad Rad – Serecht told Kirtika Suneja how the institute plans to remain different from other B-schools. Edited excerpts
Business Opportunities

Farmax Retail plans to raise Rs 500 cr

Farmax Retail (India) today said its board has approved to raise funds up to Rs 500 crore through various routes including issue of foreign currency convertible bonds (FCCBs) and global depository receipts (GDRs). - Power, FMCG drag Sensex - Maruti, Tata Motors lead auto rally - Fedders Lloyd bags Rs 120 cr power project order - Bharati Ship extends gains after ABG exit - Flawless Diamond bags Rs 18 cr order - Asahi Infra bags Rs 8 cr housing order The fund raising plan also includes follow-on public offers (FPOs) and qualified institutional placements (QIPs). The board has also approved sub-division of shares in the ratio of 1:2 in the meeting held today, Farmax Retail said in a filing to the Bombay Stock Exchange. The company would hold an extraordinary general meeting of the shareholders on January 1, 2010 to get approval for the above matters, the filing added.


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