Business, Finance & Stock Market updates for August 28, 2008

Satyam BPO appoints new COO
/Business WireSatyam Computer Services Limited today announced that Satyam Business Process Outsourcing (BPO), its business process outsourcing arm, has appointed Vijay Rangineni as its Chief Operating Officer (COO). ANI

Aditya Birla Group expands financial services footprint
Aditya Birla Nuvo Ltd, a diversified conglomerate, part of the Aditya Birla Group, today entered into an agreement with ASCIL to acquire 56 per cent stake in the retail broking company for Rs. 198.8 crores. ANI

TERI to organize India Energy Conference 2008
Recognizing the grave financial and security implications the skyrocketing crude oil prices has on the economy, The Energy and Resources Institute (TERI) in association with Petroleum Federation of India (PetroFed) is organizing India Energy Conference 2008. ANI

India, ASEAN conclude negotiation on Free Trade Agreement
India and the Association of Southeast Asian Nations (ASEAN) on Thursday successfully concluded six years of negotiations for a Free Trade Agreement (FTA) at Singapore. ANI

Wipro wins Intel Global Innovation Award
Wipro Infotech, the India and Middle East IT Business of Wipro Ltd and a leading provider of IT and business transformation services announced that it has won the prestigious Intel Global Innovation Award for Storage at the Intel Developer Forum 2008 in San Francisco. ANI

Sify launches its fourth state-of-the-art data centre in Mumbai
Sify Technologies Limited announced today the launch of its fourth state-of-the-art Data Centre at Airoli near Mumbai. ANI

Countrys biggest mall to come up in Kochi
The business capital of Kerala, Kochi will soon have an international landmark in the form of the biggest shopping mall to further boost the business and lifestyle growth taking place down south. ANI

Sify Launches its Fourth State-of-the-art Data Centre in Mumbai
Business Wire India

Wipro Wins Intel Global Innovation Award
Business Wire India

SRIJAN'08 - IMI's Annual Marketing Summit to Focus on Emerging Trends, Approaches and Challenges in Today's Marketing
Business Wire India

SVKM's Narsee Monjee Institute of Management Studies and Max New York Life Insurance Launches PG Diploma in Business Management
Business Wire India

Building a Competitive Market in the Hydrocarbon Sector to Enhance Private Participation to be the Focus at the India Energy Conference 2008
Business Wire India

Aditya Birla Group Expands Financial Services Footprint with Broking Business
Business Wire India

Satyam BPO Appoints New COO
Business Wire India

Court's Ruling Favors Chamilia(TM) Jewelry
Business Wire India

Opinion Research Corporation Enhances its Presence in Singapore
Business Wire India

MONOPOLY Fans around the Globe Unite to Set New Guinness World Record(R)
Business Wire India

Epson Ships 50 Millionth HTPS TFT Panel for 3LCD Projection Systems
Business Wire India

Toshiba to Feature Eco-Products at IFA 2008
Business Wire India

ASUS opens Royal Club to empower customers with technical know-how
Companys second Royal Club in India to focus on motherboard, optical drives and graphics cards ASUS Technology Pvt. Ltd.

Putzmeister Concrete Machines Pvt. Ltd. to invest Rs 125 crore in its India operations
Putzmeister Concrete Machines Pvt. Ltd., a 100% subsidiary of Putzmeister Concrete Pumps GmbH, and the global provider of concrete pumps, tunnel machines, industrial pumps and mortar machines; announced that it will invest approximately Rs. 125 crores in expansion initiatives that involves upgrading and enhancing capacity of its state-of-the-art Goa plant, which will act as a sourcing center for various components for the company's global manufacturing needs. Solus Media

Last hour trades drag markets down; Sensex touches 14000 levels
The last hour of trade did more damanage than the remaining part of the day. The Nifty closed the day at 4221 down 1.66%. Sensex has shed 248 points to close at 14048 having come close to 14000 levels yet once again. Thursday, August 28, 2008 3:53:57 PM IST GetPaidIndia.com

Jyothy Laboratories Limited FY08 (July-June) Net Sales at Rs. 375.3 Cr up by 3.4 %, PAT up 1.6% at Rs. 52.4 crore
Net Sales for FY08 rose 3.4% to Rs 375.3 crore; Profit after Tax for FY08 up by 1.6% to Rs 52.4 crore; FY08 EPS was at Rs 36.1 from Rs 35.6 in FY07; Q4FY08 Net Sales jumped 15.4% to Rs 98.7 crore; Q4FY08 Profit after Tax up 37.1% to Rs 16.9 crore Adfactors

Aditya Birla Nuvo to buy 56% of Apollo Sindhoori Capital
Aditya Birla Nuvo of the Aditya Birla Group has announced it will buy 56% stake in in Apollo Sindhoori Capital, a Chennai based broking firm. The deal is at a cost of Rs. 1.99B Rupees. Aditya Birla Nuvo will be making an open offer for 20% in Apollo Sindhoori as per the stipulated regulatory requirements. Thursday, August 28, 2008 2:47:03 PM IST GetPaidIndia.com

Markets continue to slip; Bank, Consumer Goods indices down over 1%
The markets are slowly melting down though they made few attempts to return back towards the green. Nifty is at 4267.90 down by 0.56%. BSE Sensex is down by 114 points and is at 14182 levels. Banking indices, both on BSE and NSE are down over 1% Thursday, August 28, 2008 2:31:11 PM IST GetPaidIndia.com

Sensex down by 83 points; L&T trading at 2527 levels
Stocks continued their down trend though the overall breadth is flat. Sensex is trading at 14213 levels down 83 points while NSE Nifty is at 4274 down 0.42% Thursday, August 28, 2008 1:32:57 PM IST GetPaidIndia.com

Markets trading flat; Reliance trading at 2136 levels
The markets continue to trade in a range bound manner. Nifty is at 4281 down 0.25%. BSE Sensex is down by 46.76 points down at 14250. Reliance is trading at 2136 levels. Thursday, August 28, 2008 12:33:54 PM IST GetPaidIndia.com

Bounce back after a dip
The stock market indices took a bounce back after dipping deeper into the red. Trades overall are flat. The CNX Nifty is at 4285 down 0.16% while BSE Sensex is at 14256.03 down 40 points or 0.26% Thursday, August 28, 2008 11:43:30 AM IST GetPaidIndia.com

Markets open in the red; Auto sector marginally in green
The stock markets had a gap up opening but soon slipped into the red. The NSE Nifty is at 4285.55 down 0.15%. BSE Sensex is at 14282 levels down 14 points or 0.10% Thursday, August 28, 2008 10:31:21 AM IST GetPaidIndia.com