Hyundai Santa Fe and Elantra named best
Hyundai India, on Monday, announced that Hyundai Elantra SE was adjudged the world’s top small sedan and the Hyundai Santa Fe the global best among mid-sized SUVs in the Annual Auto Issue of the Consumer Reports magazine.
Apart from the above, the Hyundai Tucson SE (V6) and the Hyundai Sonata GLS (4-cyl) & SE (V6) also feature in the list of best vehicles. Alongside, the luxury sedan Hyundai Azera was rated as the most satisfying drive by its owners, who based their vote on factors like price, performance, reliability, comfort, and enjoyment, among others, said a release.
Emaar bullish about Indian real estate market
Emaar Properties, on Monday, said it would reconsider its initial public offering (IPO) in India “when the time is right” though the company is bullish about the Indian real estate market.
In February, Emaar MGF withdrew its IPO for lack of adequate response. “India will be one of our largest operations and we have long-term plans there. The economy is doing well and we see a bullish story for the next 20 to 25 years,” Chairman Mohamed Ali Alabbar told the annual general meeting  of the company in Dubai. “We would go to public at the right time,” he said.
Ambletek to recruit and train over 1,000 people
Ambletek, a software solutions, outsourcing and consulting services company, on Monday, announced the launch of its People Supply Chain Model after the acquisition of Bangalore-based IT staffing company ASAP Infosystems. This new model will address the specific concerns of talent shortage and improving utilisation rates by providing a captive bench on demand, said a company release. Through this acquisition, the existing staffing contract will move to the new entity. ASAP Infosystems will be part of Ambletek but function as an independent company. Ambletek Solutions also announced that within one year of incorporation it is hiring & deploying about 1,000 resources in 2008 and has plans to double that number next year. The plan is to hire about 1,000 resources for the period April 08-March 09 and then scale up to 5,000 by December 2010, said the company.
MokshaYug gets $2 million funding from VCs
MokshaYug Access (MYA), on Monday, announced its funding at Rs 8.35 crore ($2 million) from Unitus Equity Fund L.P. (UEF), a private equity fund that makes strategic investments in emerging microfinance institutions, Vinod Khosla, a leading venture capitalist and former General Partner at Kleiner Perkins and founder of Sun Microsystems, Harsha Moily, Founder and CEO of MYA, and other private investors.
The equity investment will enable the company to build a supply chain and infrastructure for dairy farming and healthcare centres, continue to create key market linkages between the rural community and upstream players, strengthen its technological platform to gear the business for volume driven activities and expand its microfinance arm, a release said.
LIC hikes stake in Reliance Comm to over 5 per cent
Life Insurance Corporation has increased its stake in Reliance Communications to over five per cent. LIC has acquired three lakh shares representing 0.015 per cent stake in Reliance Communications, the company said. With this LIC’s stake in Reliance Communications has increased to 5.009 per cent from 4.99 per cent.