O&M’s new VC for Asia Pacific
Piyush Pandey on Friday was elected as Vice Chairman of Ogilvy & Mather Asia Pacific by the Agency’s Regional Board.  Pandey will continue as Executive Chairman and National Creative Director of Ogilvy & Mather India. In 2004, Piyush had the honour of being the first Asian to be president of the Cannes jury. In 2006, he was inducted into Ogilvy’s Worldwide Board.

Roman Tarmat IPO priceband
Roman Tarmat Ltd, an infrastructure company engaged in the business of highways, runways and other civil work, is entering the capital market with an initial public offer of 29 lakh equity shares. The price-band for IPO,to open on June 12, 2007, is between Rs 150 and Rs 170 per share.

IIHT partners  with BIT
India’s largest IT education and training institute, IIHT Ltd announced in Bangalore on Friday that it has entered into a strategic partnership with Bahrain Institute of Technology (BIT), a training division of Bahrain Development Bank (BDB) – a govt. of Bahrain enterprise to set up a state-of-the-art training centre in Bahrain as well as explore various business opportunities. BIT is investing about $6 million  for this partnership and IIHT will set up its regional office for Middle East in Bahrain.

Philips launches water purifier
Philips has recently launched “Intelligent Water Purifier” that combined the excellence of European technology with elegant styling. It is ‘Power UV+’which uses advanced UV technology and activated carbon to purify water. The company claimed that the water purifier destroys known waterborne viruses, bacteria and parasites. The activated carbon and sediment filter improves taste, meanwhile, it’s 'PureProtect Alert' will consumers when the filter needs replacement.

Opto Circuits to get investment
Foreign funds Lehman Brothers and Alliance Bernstein will invest Rs 41.92 crore for allotment of about 12 lakh shares in Opto Circuits  on preferential basis. Opto Circuits said it would allot up to 12 lakh shares on a preferential basis to certain investors including,  Lehman Brothers Asia Limited Sub Account- Lehman Brothers India Holdings Cayman II, Alliance Bernstein Hong Kong, subject to shareholders approval. It would offer equity shares of Rs 10 each at a premium of Rs 350 per share, for cash on a preferential basis.

Manjushree’s  expansion plans
Manjushree Extrusions Ltd (Manjushree), one of the largest producers of customised Blow / Injection Moulded Containers in PET, Multilayer, HDPE, PP and other polymers, announced in Bangalore on Wednesday that they are expanding its production capacity. Considering the exponential anticipated growth in retail as well as institutional sectors, Manjushree has embarked upon a capacity expansion project within its existing facility at Bangalore to derive  an estimated outlay of Rs 54 crore, which will increase the overall plant capacity to 14,240 tonnes.