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Bombay Rayon Fashions to raise funds via GDR
Bombay Rayon Fashions is planning to raise funds through a GDR issue. In a communication to the exchanges, the company said that its board has approved issue of upto 1,90,00,000 Global Depository Receipts (GDRs) representing equivalent underlying equity shares at a par value of Rs 10 at an issue price of $ 5.11 per GDR. The GDR will be open for subscription to persons resident outside India, on November 11, 2009.

Bangalore may face oversupply of luxury rooms
This is one luxury Bangalore can afford not to have. The city is set to add the highest number of “keys” in the upscale rooms category at a time when demand is not so certain.

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Pak claims India backing insurgency in Balochistan
Pakistan has alleged that India"s RAW is backing insurgency in its southwestern Balochistan province and said it is probing the matter.
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Infosys BPO likely to get new CEO by Jan 15

Infosys BPO is likely to get a new Chief Executive Officer (CEO) by January 15, a top company official said. - Job market looking up: Infy"s Pai - Infosys BPO to buy US back-office company - Infosys BPO eyes firms worth $50-200 million - MoU signed to set up rural BPO centres in 22 AP districts - Pai to head Sebi"s internal audit committee - Infosys logs on to luxury with world"s largest training centre "We will announce the appointment of a new CEO by January 15," Infosys Board Member T V Mohandas Pai told reporters on the sidelines of a press conference here today. The company"s CEO Amitabh Chaudhry quit the firm on November 23. The IT firm would first scout for a suitable candidate from within the organisation, but would also look externally, Pai said. Chaudhry, who took over as the CEO of Infosys BPO in March 2006, will, however, remain the acting Chief for the period, Pai said.


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