Indiabulls Financial Services has approved a proposal to raise up to $ 1 billion through an issue of ADRs/GDRs and FCCBs convertible into equity shares, reports DHNS from Mumbai. According to company release, the board cleared the convertible bonds issue.
NEA invests $15 million in Deeya Energy
New Enterprise Associates (NEA) announced on Monday an investment in Deeya Energy Inc, a company focused on developing and manufacturing energy storage systems. The company will use the $15 million to support the construction of its factory in Gurgaon, India and its continued R&D activities. Deeya L-cells are significantly cheaper, having a 7 years lifetime after which it can be refurbished and recycled with minimal cost, claimed a statement.
Hikal to do contract manufacturing for Pfizer
The pharma company Hikal Ltd on Monday announced that it has completed a contract manufacturing agreement for supply of active pharmaceutical ingredients (API’s) with Pfizer Inc, a global leader in Pharmaceuticals.
Sonasoft signs partnership with Integra Micro
Sonasoft Corp on Monday signed a partnership agreement with Integra Micro Systems to ramp up its product development efforts. Sonasoft provides high-availability and disaster recovery solution, protecting data from hardware/software failures and human errors. Sonasoft’s software offer the the latest design for disk-to-disk backup and is efficient in backup and replication.
NEN partnership for Indian start-ups
In a bid to help accelerate the growth and success of young entrepreneurs in India, National Entrepreneurship Network (NEN), India’s leading catalyst for entrepreneurship education and Indian Angel Network (IAN) India’s first and leading angel investing network, have come together to facilitate first of its kind platform for angel investors and new entrepreneurs. this was announced on Monday.
This partnership, will make it easy for initial funders to connect with new entrepreneurs. This will allow for more new high quality startups to receive the crucial inflow of first investment funds.
Kesari Gaurav honour awards for 2008
The Kesari Foundation in Mumbai has selected five individuals for their significant accomplishments in the fields of music, art, economics, acting and social work. The award includes Rs 1 lakh and a trophy of Kesari Gaurav Sanman.
The winners of the Kesari Gaurav honour 2008 are: Nitin Desai, an internationally acclaimed art director; Shankar Mahadevan, a music personality; Sudha Murthy, a writer and social worker, Lalita Gupte, Joint Executive Director at ICICI Bank and Darsheel Safary, the actor from ‘Taare Zameen Par.’ The awards presentation ceremony of the Kesari Gaurav Sanman 2008 will be held at Dadoji Kond Dev stadium, Thane in Mumbai on 12 January, 2008.
