Briefly Business

Nava Bharat Ventures on Monday said the company,through its Singapore-based arm,would acquire 65 per cent stake...

Nava Bharat to buy 65 pc in Zambia co

MUMBAI: Nava Bharat Ventures on Monday said the company,through its Singapore-based arm,would acquire 65 per cent stake in Zambia-based Maamba Collieries for 26 million about Rs 121 crore. Nava Bharat Singapore Pte Ltd,a unit of the company,has signed a share sale and purchase agreement with the Zambian government for acquiring 65 per cent stake in Maamba Collieries Ltd.

TRIL to launch project in Chennai

CHENNAI: Tata Realty and Infrastructure,a subsidiary of Tata Sons,on Monday announced their Rs 3,500 crore commercial and residential project,Ramanujan IT City,at Taramani in the city. The project envisages developing a premium residential community Cambridge Greens,is expected to be ready for occupancy by mid-2011.

Citibanks universal mortgage account

MUMBAI: Citibank on Monday launched CitiHome One,a first-of-its-kind universal mortgage product,that would enable customers to get a home-loan as a combination of a conventional term-loan and credit line. With CitiHome One,customers would enjoy a dual advantage of interest savings on their home-loans by utilising surplus funds and the flexibility to structure repayments as per their convenience.

3G auction on Jan 14 for 4 private players

NEW DELHI: The government on Monday said auction for 3G mobile spectrum would commence as per schedule from January 14 next year and allotment would be made to four private players simultaneously by August. The EGoM has decided to auction 3G spectrum for four slots as per original schedule, telecom minister A Raja said.

JITO global summit from December 24

MUMBAI: Jain International Trade Organization JITO has organised the 4th JITO Global Summit in two parts Financial Super Market on December 24-25 and International Conference on December 26-27 at Bombay Exhibition Centre,Mumbai.

Cellcast wins Red Herring 100 award

New Delhi: Cellcast Interactive India has won Red Herring 100 Asia-2009 award in Shanghai,China,which is given to the top 100 start-up technology companies in Asia. Cellcast is a pioneer in developing participative mobile phone content for the Indian telecom and interactive TV market. Pankaj Thakar,CEO,Cellcast Asia,said,We will continue to innovate and strategise at a far greater pace,coupled with rapid expansion and a very dynamic team.

Paras Pharma in JV with Rajasthan Royals

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NEW DELHI: Paras Pharma Ltd has tied up for a joint promotional activity with Rajasthan Royals for IPL 2010. Moov,the flagship brand for Paras Pharma will be the Official Fitness Partner for the team. Promotional activities are being planned as a part of this tie-up including branding on the team jerseys. PTI