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SEBI extends deadline for Application Supported by Blocked Amount (ASBA) facility in NFO’s (29 Jul 2010)
Market regulator Securities and Exchange Board of India (SEBI) today extended the deadline for mutual funds to implement the Application Supported by Blocked Amount (ASBA) facility for new fund offers (NFO) to October 1.
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Bharti AXA, Coface enters into agreement for trade credit insurance (29 Jul 2010)
Bharti AXA General Insurance and Coface South Asia Pacific signed an agreement to build and provide Trade Credit Insurance to customers in India.
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BBC Worldwide appoints Deepak Shourie as director, South Asia (28 Jul 2010)
BBC Worldwide Channels announced appointment of veteran pay-TV and media industry expert, Deepak Shourie, as Director, BBC Worldwide Channels, South Asia, reinforcing BBC Worldwide’s long-term commitment to India as a priority territory for its business.
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Reliance Broadcast Network Limited inks 5-year contract with DMRC (27 Jul 2010)
Reliance Broadcast Network Limited (RBNL) announced that the company has inked a five-year contract for the development of Delhi Metro Rail Corporation’s (DMRC) high potential Line III.
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Fortis healthcare to divest its Parkway holdings stake (27 Jul 2010)
Fortis Healthcare Ltd, one of India’s largest healthcare companies, announced it has signed a definitive agreement with Integrated Healthcare Holdings Limited, the investment arm of Khazanah National to sell its entire stake in Parkway Holdings Limited (Parkway) at Singapore dollar 3 .95 per share in cash.
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Foxconn suspends operation at a facility in India (27 Jul 2010)
Foxconn International suspended operations at a mobile phone parts manufacturing facility in India after workers became sick, but it said the incident would not affect its business.
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General Motors to acquire AmeriCredit for $3.5 billion (23 Jul 2010)
General Motors Co said it would acquire auto finance company AmeriCredit Corp for $3.5 billion in cash in a deal aimed at easing financing terms for subprime car shoppers.
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GE, BHEL ink 10-year deal for manufacturing compressors (22 Jul 2010)
State-run Bharat Heavy Electricals Ltd (BHEL) has inked a ten-year licensing agreement with a unit of GE to manufacture oil and gas compressors in its facility.
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Air India signs up with Pratt and Whitney for engine service (21 Jul 2010)
The National Aviation Company of India Ltd, (NACIL) has signed an agreement with Pratt and Whitney to establish an EcoPower engine wash service at Mumbai International Airport.
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Takeover regulations committee recommend acquisition threshold to 25% (20 Jul 2010)
The Takeover Regulations Advisory Committee constituted by capital market regulator Securities and Exchange Board of India (SEBI) recommended increase in the acquisition threshold for the initial trigger of a company for takeover to 25 per cent from the existing 15 per cent.
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