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Edelweiss, Tokio Marine in risk JV
Financial services firm Edelweiss Capital today announced that it had entered into a joint venture (JV) agreement with Japanese insurer Tokio Marine Holdings for a foray into life insurance.

MCL observes World AIDS Day
Mahanadi Coalfields Limited (MCL) organized an awareness camp at its headquarters at Burla near Sambalpur in association with the Young Men Christians" Association (YMCA) on the occasion of the World AIDS Day. Free comdoms and pamphlets on HIV/AIDS were distributed to the truck drivers on the occasion.

News of the day

IT firms embrace safety measures for staff
With the political crisis over the Centre’s announcement of creating a separate Telangana state casting its effect on the state capital, two business process outsourcing (BPO) companies have moved their employees to nearby hotels, even as other information technology (IT) companies have beefed security.
Management

Uttam Galva zooms 10% on ArcelorMittal deal

The stock ended at its 10% upper circuit of Rs 125. The counter clocked volumes of 1.26 million shares as compared to the two-week daily average traded volumes of 913,935 shares on the BSE. The scrip surged 111% in a month. _____________________________________________________ Raja defends BSNL"s post-bid negotiations with vendors "Advt market of news channels to grow by 13%" Zylog acquires Canada-based Brainhunter for Rs 150 cr The stock today opened at 10% upper circuit at Rs 125. The counter has clocked volumes of 48,219 shares on the BSE so far, with pending buy orders for around 1.19 million shares. Uttam Galva entered into deal with ArcelorMittal in segments like specialised steel production for automobiles and white goods. The deal was signed on 5th September to buy 5.6% stake. The open offer which starts today will be made at Rs 120 a share for a 29.4% stake in Uttam Galva. Read here for news in details: Uttam Galva banks on Mittals" "Midas touch"


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