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Volkswagen to unveil new electric car at IAA
German carmaker Volkswagen AG said it would unveil several new models at the Frankfurt Auto Show, including an electric car called the E-Up.

Indian gaming ind to touch $830 mn by 2012: Nasscom
The Indian video games industry - minuscule compared to the evolved western markets - is poised to grow 49 per cent to touch $830 million by 2012, when the country"s overall animation market will scale $1 billion, says a report of software industry body Nasscom.

News of the day

Bye bye, brand name
Self-deprecating humour isn’t something one sees too much of in this country (where making fun of others is held a nobler pursuit than laughing at one’s own foibles), so I’m always pleased to read Saad Akhtar’s webcomic Fly, You Fools! (People are Mindless Cattle), a good-natured, witty take on some of the things we read about in the newspapers every day. It isn’t brilliantly written or drawn (in fact, it mostly uses photos and mixed media rather than fresh illustrations) but it’s goofy and perceptive, casting fresh light on (among other things) security checks at mall entrances (http://tinyurl.com/5s25pe), rich kids mowing down pavement-dwellers in their Mercs (http://tinyurl.com/mhpwep), and loud honking at traffic signals as a substitute for sexual inadequacy (http://tinyurl.com/kl7knc).
Business Opportunities

BoB to raise Rs 3,500 cr via debt to fund expansion

Bank of Baroda (BoB) today said it will raise Rs 3,500 crore by various debt instruments during the current financial year to fund its expansion plan. - BoB to sanction Rs 3095 cr to SMEs - FII-TO-FII: Grasim Ind traded at 3% premium - GM fighter pilot Lutz at 77 looks to salvage automaker"s brands - Microfinance too faces the brunt of global crisis: Citi - FII-TO-FII TRADES: PNB traded at 4% premium - Loaded govt arm to pump up infra The board of directors have approved a plan of raising debt capital of Rs 3,500 crore during the financial year 2009-10, in order to support the business expansion plans, the public sector lender said in a filing to the Bombay Stock Exchange. "The bank would raise funds by way of innovative perpetual debt instruments (IPDI), perpetual non-cumulative preference shares (PNCPS) -- eligible to be reckoned as Tier-I capital -- or Upper/Lower Tier-II debt capital instruments -- eligible to be reckoned as Tier-II capital or a combination of both," the filing added. Shares of Bank of Baroda today closed at Rs 433.20 on the BSE, up 0.88 per cent from its previous close.


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