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Popular Articles

Radhe Group joins hands with Indonesian state
Expects Rs 10K crore bilateral trade in a decade.

ICICI sells POS business to First Data for $80 mn
Country"s largest private sector lender ICICI Bank has sold its points of sale terminals that accept the debit and credit card payment to First Data Corporation for $80 million (about Rs 400 crore).

News of the day

Nifty may hit new high this week
The activities of foreign institutional investors (FIIs) with long build-up in the Nifty futures and short-covering in stock futures during the week ended September 13 augur well for the market. The Nifty is expected to hit a new high in the coming week if it crosses a crucial resistance at 5,060. On the downside, 4,940 is a healthy support level and, below that, 4,860 is the crucial support level. The Nifty rose over four per cent during the week largely due to short-covering from foreign investors in the Nifty and stock futures.
Small Business

CFM Intl to set up training facility at Hyd airport

GMR Hyderabad International Airport Limited (GHIAL) has signed an agreement with aircraft engine manufacturer, CFM International (CFM), to establish a new CFM56 maintenance training centre to support its customers in the South Asian region. - GMR Hyd inks deal with CFM to build training centre - GMR-Malay Air arm to set up MRO unit - Hyd airport to set up engine maintenance centre with CFM - GE appoints John Flannery India CEO - Time Warner arm may invest in NDTV Imagine - T N Ninan: Picking winners">T N Ninan: Picking winners CFM International is a 50:50 joint venture between Snecma (SAFRAN Group) of France and General Electric Company(GE) of the United States. The agreement signed on Thursday cements a memorandum of agreement executed in January 2009. The training centre, which will commence operations by late January 2010, will be located in the GMR Aerospace Park, being developed in the exclusive 250 acre aviation SEZ, that forms part of the Rajiv Gandhi International Airport complex. The aviation SEZ was recently notified by the Union government. GHIAL will build the 1,000-square metre facility at a cost of Rs 5 crore and lease it to CFM.


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