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HSBC to Buy Majority in Indian Broker
MUMBAI (Reuters UK) - HSBC HSBA said on Saturday it will acquire 73.21 percent of Indian brokerage IL&FS Investsmart ILFI in an all-cash deal for $261 million (133.3 million pounds) to boost its presence in the growing domestic market. Foreign banks and companies have been queuing...
Tags: Mumbai, Brokerage, HSBC Asia Pacific, Financial Planning, Financial Services, E*Trade Financial Corp., Goldman Sachs & Co.
News items 2008-05-17

Additional Resources

Organized Retailers in India Must See the Customer in a New Light to Stay Ahead of the Curve
Diamond Management & Technology Consultants Report Highlights Retailers' Growing Need to Build Competitive Advantage through Robust Data Analytics MUMBAI, India -- Organized retailers in India will need far more than prime locations and competitive prices in order to succeed in what is shaping up to be a fast...
Articles 2008-05-14
Lafarge Acquires L&T Concrete to Become the Leader in the Indian Ready-Mix Concrete Market
PARIS -- Regulatory News: In line with its strategy to develop its Aggregates & Concrete business in emerging markets, Lafarge (Paris:LG) today announced the acquisition of L&T Concrete for an enterprise value of 226 million euros. Lafarge will be acquiring 66 highly efficient concrete plants located across India,...
Articles 2008-05-14
CIT Serves as Financial Advisor in Sale of Massage Envy
Edgeview Partners Advises on Sale of Leading Franchisor of Massage Clinics CHARLOTTE, N.C. -- Edgeview Partners, a CIT company, today announced that Massage Envy Limited LLC, a national franchisor of massage clinics, was acquired by Natural Wellness USA, Inc., a wholly-owned subsidiary of the Essel Group headquartered in...
Articles 2008-05-13
Blackstone to Launch Blackstone Altius Advisors, an Asia-Focused, Event-Driven Investment Business
NEW YORK & HONG KONG -- The Blackstone Group (NYSE: BX) today announced that Aaron Nieman will be launching Blackstone Altius Advisors, a new event-driven strategy focusing on opportunities in the Asia Pacific region. A global, highly experienced investment team will be headquartered in Hong Kong, with additional professionals based...
Articles 2008-05-13
mumbai
WORLD MARKETS Shares ended a five-day losing streak to close up 0.7 per cent, with heavyweight Reliance Industries - up 1.1 per cent - leading the gains. The BSE index closed 123.8 higher at 16,860.9. Drugmaker Ranbaxy surged 5.3 per cent. The company said it will collaborate...
Articles 2008-05-13
Tata Communications and Sonus Networks Unveil Strategic Plan For Global IP-Voice Network
Sonus Networks to migrate Tata Communications' global voice network MUMBAI, India and WESTFORD, Mass., May 12 /PRNewswire-FirstCall/ -- Tata Communications , a leading provider of a new world of communications, and Sonus Networks, Inc. , a market leader in IP communications infrastructure, unveiled plans today for the...
Articles 2008-05-12
Four Seasons Hotel mumbai
MUMBAI, India, May 12 /PRNewswire-FirstCall/ -- Four Seasons Hotels and Resorts today opens the doors of its first property on the Indian subcontinent: Four Seasons Hotel Mumbai. The Hotel's 33-storey gleaming glass tower enlivens the skyline of the city's emerging Worli district and serves as an iconic reference to...
Articles 2008-05-12
Reliance Communications and Alcatel-Lucent Form Global Joint Venture to Offer Managed Network Services to Telcos
To Start With, Joint Venture to Provide Managed Services to Reliance Communications CDMA and GSM Networks PARIS and MUMBAI, May 12 /PRNewswire-FirstCall/ -- Reliance Communications, India's largest integrated telecommunications service provider, and Alcatel-Lucent (Euronext Paris and NYSE: ALU) today announced forming a global joint venture. Combining the...
Articles 2008-05-12
Renault-Nissan, India's Bajaj announce cheap car project
MUMBAI AFP — Renault-Nissan and India's Bajaj group said Monday they planned to make a 2,500-dollar car by early 2011, the second effort to make a cheap car for the South Asian nation's rapidly growing middle class. The budget car, which would cost 100,000 rupees in India, is...
Articles 2008-05-12
Pangea Day to be Broadcast for TV in 150 Countries, Plus Global Live Webcast, and on Mobile Phones
LOS ANGELES, May 9 /PRNewswire/ -- PANGEA DAY, a global day of film, speakers, and music watched simultaneously around the world will take place this Saturday, May 10, 2008. Millions of people all over the world will come together this Saturday at 18:00 GMT to watch a...
Articles 2008-05-09
YouTube, Pangea Day Forge Cross-Cultural Ties Through Film
YouTube, the leading onlinevideo community that allows people to discover, watch and share originallycreated videos, and Pangea Day, a global event dedicated to bringing peopletogether through film, today announced an official YouTube group( www.youtube.com/group/pangeadaybroadcast ) in celebration of Pangea Day. On Saturday, May 10, Pangea Day sites in Cairo, Kigali,...
Articles 2008-05-09
Akamai to Support Pangea Day with Live and On Demand Streaming of Worldwide Film Event
Live broadcast expected to reach millions through the Internet, television and mobile phones CAMBRIDGE, Mass. -- Akamai Technologies, Inc. (NASDAQ: AKAM), the leader in powering rich media, dynamic transactions and enterprise applications online, announced today its technical support of Pangea Day - providing live and on demand streaming,...
Articles 2008-05-08
PEER 1 Donates IT Infrastructure for Pangea Day Worldwide Film Event
Global live broadcast to reach millions of through the Internet, television and mobile phones VANCOUVER, British Columbia, May 8 /PRNewswire-FirstCall/ -- PEER 1, a leading provider of online IT infrastructure, has supplied free managed hosting services, systems architecture, database failover services, and on- site, day-of-event technical support...
Articles 2008-05-08
Bollywood bad boy Dutt to play French 'Bikini Killer'
MUMBAI AFP — Bollywood bad boy Sanjay Dutt, out of jail on bail for a weapons conviction, is set to play convicted French killer Charles Sobhraj who is prison in Nepal for the murder of an American woman in the 1970s. French national Sobhraj, who is half-Vietnamese, half-Indian,...
Articles 2008-05-06
British teen's murder in Goa inspires Bollywood film
MUMBAI AFP — The murder of 15-year-old British tourist Scarlett Keeling has inspired a Bollywood director to make "Rave Party" -- a film exposing the drug scene in India's tropical holiday hotspot Goa. "Rave Party is based on what happened to Scarlett," Prabhakar Shukla told Friday's DNA newspaper....
Articles 2008-05-02
WNS Receives Payment Card Industry - Data Security Standard Certification for Handling Credit Cardholder Information
MUMBAI & NEW YORK -- WNS Holdings Limited (NYSE: WNS), a leading provider of global business process outsourcing BPO services, today announced that its Indian subsidiary, WNS Global Services Pvt. Ltd., has successfully achieved compliance with the Payment Card Industry - Data Security Standard version 1.1 ('PCI DSS'). The onsite...
Articles 2008-05-01
Tech Mahindra Wins Prestigious Billing & OSS World Excellence Award for the 3rd Consecutive Year
Awarded in the 'Best Billing Solution' at the Billing World & OSS 2008 Conference and Expo MUMBAI, India -- Tech Mahindra, the country's sixth largest software exporter and second largest solution provider to the global telecom industry, has won the prestigious Billing & OSS World 2008 Excellence Awards...
Articles 2008-05-01
Murali plans to teach magic to young spinners
NEW DELHI AFP — Record-breaking Sri Lankan bowler Muttiah Muralitharan said Wednesday he plans to team up with Indian counterpart Anil Kumble to coach spinners when he retires from international cricket. "I will do a little bit for the game, not for money but for enjoyment," Muralitharan told...
Articles 2008-04-30
Patni's Q1 CY2008 Revenues Up 13.1% at US$ 176.4 million
MUMBAI, India -- Patni Computer Systems Limited Patni today announced its financial results for the first quarter ended 31st March 2008. Performance Highlights for the quarter ended March 31, 2008 [TABLE OMITTED] Future Outlook: * Q2 CY2008 revenues are expected to be at US$...
Articles 2008-04-30
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