Business, Finance & Stock Market updates for October 30, 2007

Cisco unveils state-of-the-art Globalisation Centre East campus in Bangalore
-Business Wire IndiaCisco today unveiled its state-of-the-art Globalisation Centre East campus in Bangalore at an opening ceremony presided over by former President Dr. A P J Abdul Kalam and John Chambers, Cisco chairman and CEO. ANI

Impressive performance by Triton Corp
-Business Wire IndiaTriton Corp Limited, a leading company, engaged in the business of IT and IT enabled services posted a strong performance for the Quarter and Half-year ending September 30, 2007. ANI

Favourable economic policies invigorate Indian energy industry
-Business Wire IndiaEnergy demand in Asia is expected to grow significantly on the back of substantial economic growth. The Indian energy industry has been riding a crest following the countrys economic growth, expanding population and per capita expenditures, urbanisation, development of the industrial sector, government rural electrification programs, and industrial investments. ANI

Dana Petroleum acquires Devons oil and gas operations in Egypt
Dana Petroleum plc has announced that its wholly owned subsidiary Dana Petroleum (Eand P) Limited has completed the acquisition of Devon Energy Corporations entire upstream petroleum business interests in Egypt spanning eight companies and eight Production Sharing Contracts in the Gulf of Suez and the Western Desert regions. ANI

Booming construction industry to boost growth in Indian construction chemicals markets
-Business Wire IndiaConstruction chemicals, which were almost non-existent in the Indian construction industry around ten years back, are gaining increasing importance. ANI

RBI raises CRR by 0.5 percent
The Reserve Bank of India (RBI) today raised the proportion of cash that banks have to keep with them on deposit by 50 basis points to 7.5 percent to mop up excess funds, but kept its key lending rate at 7.75 percent. ANI

Indo-Kazakh cooperation on dynamic rise, says envoy
Bilateral cooperation between Kazakhstan and India, especially in the energy sector, would see a dynamic rise in the immediate future, said Dr. Kairat Umarov, Kazakhstans Ambassador to India. ANI

RBI Policy along expected lines, says industry honchos
The Mid Term Review of the Annual Monetary Policy announced by RBI today is on expected lines, said CII in a Press Release issued here today. However, keeping in mind the international trends in interest rates and particularly the indications coming in from the US, CII feels that the RBI could have considered an interest rate (Repo Rate) cut to go along with the CRR hike of 50 bps. ANI

The Philadelphia Inquirer to power Pressmart Medias electronic edition
Hyderabad-based Pressmart Media, worlds premier Digital Publishing Technology provider, announced today that The Philadelphia Inquirer has selected it to power latters electronic edition. ANI

Wipro standardizes on Relativity Technologies for enterprise application modernization
Relativity Technologies, the global leader in enterprise application modernization has partnered with Wipro Technologies, the global IT services division of Wipro Limited and one of Indias leading IT Service providers, to offer solutions for modernizing enterprise applications. ANI

Satyams scholarship programme hits a snag in Australia
The efforts made by Indias Satyam Computer Services to overcome the technology skills shortage for its Melbourne development centre have hit a snag, with only 12 participants coming forward for its scholarship programme. ANI

Tenth Fortune Global Forum begins
Top CEOs, head of states, academics and leading thinkers are gathering here to discuss the most pressing issues facing global business at the 10th Fortune Global Forum. ANI

FORTUNE Global Forum Starts in New Delhi, India; Conference Video Available on www.thenewsmarket.com
Business Wire India

The Philadelphia Inquirer Selects Pressmart Media to Provide New Compelling Digital Edition to its Readers
Business Wire India

Booming Construction Industry Backed by Strong Economy to Boost Growth in Indian Construction Chemicals Markets
Business Wire India

Favorable Economic Policies Invigorate Indian Energy Industry
Business Wire India

Drive Away to the Nearest Weekend Destination with Cleartrip's 'Free Fuel for Your Weekend Escape' Offer
Business Wire India

CII Announces Pre-Event (Knowledge Management India) Press Conference
Business Wire India

Impressive Performance by Triton Corp
Business Wire India

Cisco Outlines Globalisation Vision at Unveiling of Campus in Bangalore
Business Wire India

Cisco and Satyam Announce Global Collaboration for Integrated Health Solutions
Business Wire India

Oracle Fusion Middleware: Leader in Middleware in India
Business Wire India

Citi Names Paul H. Simpson as Head of Global Public Sector and Healthcare Markets for its Global Transaction Services Business
Business Wire India

Micron Technology, Inc., Announces Director Appointment
Business Wire India

Wipro Standardizes on Relativity Technologies for Enterprise Application Modernization
Business Wire India

Micron Introduces Industry's Highest Density DDR3 Components and Modules
Business Wire India

LucasArts and BioWare Corp. to Create Ground-Breaking Interactive Entertainment Product
Business Wire India

3M Settles Lithium Ion Battery Cathode Patent Suits with CDW Corp. and Hitachi Koki
Business Wire India

Sharper, Smoother, Better: Skype and Logitech Join Forces, Fulfill Promise of High Quality Video-Calling Experience
Business Wire India

IBM Board Approves Regular Quarterly Cash Dividend
Business Wire India

Intense Technologies Records 232% Rise in Revenues in Q2
Intense Technologies (BSE:INTENSETECH), the Hyderabad based enterprise Customer Communications Management, enterprise Content Management and BPA solutions Company, today announced its financial results for the Quarter ending September 30th. enRight Media Relations

Tamil Nadu sets up a 3 point agenda to further enhance IT and ITES sector
On the quest to become the No.1 IT destination in the country by 2010, the Tamil Nadu Govt. has laid down a 3 point agenda to provide a congenial environment for IT & ITES companies across the state. Equator Communications

Norwegian IT major 'EDB' acquires 50.1% stake in 'SPAN Infotech'
Acquisition enables US$ 1 Billion EDB to establish Global Sourcing Footprint in India Equator Communications