PTC, a product development company, on Tuesday announced its partnership with Godrej Infotech which will sell and implement ‘Windchill,’ PTC’s production-proven content and process management software and ‘Arbortext,’ PTC’s dynamic publishing solution, said the company in Bangalore.
Credit growth to fall in FY08
ICICI Home Finance expects its credit growth to decline by almost half this fiscal after higher interest rates forced people to defer purchase of houses.
The credit growth for the (current) fiscal is likely to be in the range of 10-15 per cent as against 20-25 per cent growth attained in the previous fiscal, said the company. This is due to RBI raising rates to tighten money supply.
Titan’s new Raga Hazel collection
Inspired by the hues of nature, Titan on Tuesday announced the launch of its ‘Hazel’ collection of watches in Bangalore. This new range of watches under the Titan Raga collection. Priced between Rs 2,195 to Rs 4,000 the ‘Hazel’ range comprises five distinct styles with versions in gold, steel and bi-metal finish. The watches are available as bracelets and kadas.
Apparel Machine Trade Show
Leading Chinese Sewing Machinery manufacturers will be coming to India to displaying their products offering latest technology at China Sewing Machinery & Accessories Show-India 2008 (CSMAS India 2008).
This was disclosed in a press meet on Tuesday in Bangalore. Nearly 100 Chinese companies have confirmed their participation in the trade show coming up at the Bangalore International Exhibition Centre, Tumkur Road, Bangalore from January 10 to 12, 2008.
HDFC MF’s new fund launched
HDFC Mutual Fund on Tuesday launched the HDFC Infrastructure Fund, a three year close-ended equity scheme with automatic conversion into an open-ended scheme upon maturity. The New Fund Offer period for the Scheme is from January 8 to February 21, 2008, a company release said in Bangalore.
The investment objective of the Scheme is to seek long term capital appreciation by investing predominantly in equity and equity related securities of companies engaged in or expected to benefit from the development of infrastructure.
Pvt placement by Mahindra
Mahindra Holidays & Resorts India Ltd (MHRIL) on Tuesday announced in Mumbai that it has finalised a two per cent private placement deal with the State Bank of India for a consideration of around Rs 80 crore.
MHRIL is targeting an IPO in the first quarter of the year to issue 10,719,347 equity shares and it would constitute 13 per cent of the fully diluted post-issue capital.
