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Toyota Kirloskar, SBI tie up for vehicle finance
Car maker Toyota Kirloskar Motor today said it has entered into a memorandum of understanding with the country"s largest lender, State Bank of India (SBI), for vehicle finance.

Sterlite Industries to raise funds via QIP
Sterlite Industries India, a Vedanta Group firm, today said it is planning to raise funds through the issue of securities under Qualified Institutional Placement (QIP) route.

News of the day

Royal Enfield to shift to BS-III norm-compliant platform
Bike maker Royal Enfield, a part of Eicher Motors, today said it will shift entire production to a new engine platform from April this year to make products compliant to stricter emission norms "Bharat Stage III".
Management

Satyam allots 75,090 equity shares under stock options

Satyam Computer today said it has allotted 75,090 equity shares to its employees, under its stock options plans. - Satyam starts module for non-billable staff - Tech Mahindra offer may not get full subscription: analysts - Top Satyam executive to sell shares in open offer - Satyam board not for recommending support to open offer - Satyam board meets to discuss cost-cutting moves - Satyam, Tech M continue to please mkts The board has approved the allotment of the shares, under the employee stock options plans of the company, Satyam said in a filing to the Bombay Stock Exchange. After the allotment, the paid-up share capital of the company stood at Rs 195,35,94,874 up from Rs 195,34,44,694, the filing added. Shares of Satyam were trading at Rs 78.90, down 2.41 on the BSE.


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