Business, Finance & Stock Market updates for December 17, 2007

Sensex tumbles 769 pts on possible fall in foreign investment
The Bombay Stock Exchanges 30-share index tumbled 769 points on Monday over fears of foreign investment will slow down in the wake of rising inflation in the US. ANI

Vinod Rai appointed as new Comptroller and Auditor-General of India
Vinod Rai has been appointed as the Comptroller and Auditor-General of India (CAG), the countrys top official auditor. ANI

Cincom and Valutech partner to provide document and claims disbursement solutions
Cincom Document Solutions (CDS), division of global software company Cincom Systems, and Valutech, Inc., a leading claims disbursement and revenue life-cycle management solution provider, have formed a global partnership to provide critical document and claims disbursement solutions for the health insurance industry. ANI

Cincom and Valutech Partner to Provide Document and Claims Disbursement Solutions
Business Wire India

Ocimum Biosolutions Raises Capital from Kubera and Acquires Gene Logic's Genomics Division
Business Wire India

Lifestyle's 'Great Christmas Celebrations'
Business Wire India

Covidien Announces Conference Call and Webcast
Business Wire India

Legend International Holdings Announces Closing of a US$15 Million Private Placement with Atticus Capital
Business Wire India

Intense Expands Global Leadership Team Brings Sagar Nandi to Head World-wide Delivery
Intense Technologies (BSE:INTENSETECH) the Hyderabad based Enterprise Agility company, today announced further expansion of its global leadership team with the appointment of Sagar Nandi as its Head - World- wide Delivery. enRight Media Relations

Indian stock markets follows Asian market trends, opens in red
Like its Asian peers, the Indian stock markets opened in the red. Both the Nifty and Sensex are seeing selling pressures. GetPaidIndia.com

Syed M. Salahuddin, Managing Director, ETA Ascon Star Group, awarded the Asian Business Award Middle East for 2007
Syed M. Salahuddin was honoured with the ABA Outstanding Asian Contribution to Middle East Development at a ceremony held at the Emirates Palace Hotel in Abu Dhabi on December 8, 2007. Ogilvy Public Relations Worldwide

Novatium chooses SUSE Linux Enterprise Server and Novell eDirectory for their Nova netPC
Novatium Solutions Pvt. Ltd, one of India's fastest growing utility computing services providers, has opted to build its entire infrastructure on Novell Open Workgroup Suite, with Novell Identity Manager and eDirectory providing control over users and access rights. Ogilvy Public Relations Worldwide

Ramco Systems strengthens its position in Retail segment with breakthrough orders
Ramco Systems, a leading provider of software products & services has strengthened its position in retail segment by providing comprehensive applications and IT solutions with key orders from leading US based handcrafted Chocolatier Bissinger's, Subhiksha -- India's largest supermarket, pharmacy & telecom chain & Dutyfree Distribution Services Pvt Ltd- the supply chain company based at SEZ Cochin. Ogilvy Public Relations Worldwide