Business, Finance & Stock Market updates for June 30, 2008

Japan, India enter into bilateral swap agreement
India and Japan on Monday concluded a bilateral arrangement for swapping of local currencies against the US dollar for up to three billion dollars. ANI

UFO Moviez joins hands with NDTV for their advertising business
NDTV Media, Indias best-known and most respected Media Marketing and Consulting Company has been appointed by UFO Moviez India Limited as the sole and exclusive sales partner for their Digital Cinema Advertising Business in the Private Sector. UFO Moviez India Limited. has the largest digital cinema network in the world with more than 1200 installations screens across India. ANI

Fidelity announces new business initiative in India
Fidelity International today announced that it would launch its world-renowned, award winning, online fund platform, FundsNetworkT in India. ANI

Economic slowdown is a boom for the BPO sector
Unperturbed by the economic slowdown in the United States, the Business Process Outsourcing (BPO) sector is growing and cashing in on the opportunity of more business. ANI

Mittal may join takeover battle for Rio Tinto mining group
Indian-born steel king Lakshmi Mittal is seriously considering joining a takeover battle for Rio Tinto, the mining group. ANI

Frost & Sullivan Expects the Engineering Services Outsourcing Market (ESO) to Touch US $40 Billion by 2015
Business Wire India

Global Real Estate Transparency Increasing in Nearly Half of Countries Rated According to Jones Lang LaSalle Index
Business Wire India

Microfinance Insights Hosts Vodafone, FINO, BASIX for Public Discussion on Innovative Technology for Financial Inclusion
Business Wire India

HP ProCurve Launches Gigabit Solution for SMBs
Business Wire India

Fidelity Announces New Business Initiative in India
Business Wire India

Castrol to Become an Official Sponsor of FIFA World Cup™
Business Wire India

UFO Moviez India Ltd. Joins Hands with NDTV Media for their Digital Cinema Advertising Business
Business Wire India

Shunra Software Expands its Asia Pacific Region Operations with New Office and Regional VP
Business Wire India