BPO services firm InterGlobe Technologies (IGT) announced opening of its BPO delivery centre in Manila, Philippines. The company has invested $2.3 million in creating the facility and has already hired 350 people, IGT said in a statement. The 400-seater unit will later be expanded to accommodate 1,000 people and the company will make additional investment for the same, it added. "Our expansion in Manila is an important addition to our global footprint. It will also help our clients take advantage of global redundancy and service capabilities," IGT CEO Vipul Doshi said.
IFC invests in Snowman
Snowman Frozen Foods (SFFL) said it bagged a Rs 25-crore fund infusion from the International Finance Corporation (IFC) to drive its expansion plans. SFFL is a subsidiary of leading container logistics player Gateway Distriparks (GDL) and has 16 cold stores in major cities across the country.
Shell rules out more funds
Energy firm Shell ruled out huge capital investments in India and said it would rather improve upon on its competitiveness in the market. We have already made over a billion dollar investment in India. We do not have to make more investments. We have to run the business more efficiently to be more competitive in the market, chairman of Shell Group of companies in India Vikram Mehta said.
RComm pact with Univercell
Telecom service provider Reliance Communications said it will partner with mobile phone retailer Univercell to market wireless broadband service in Tamil Nadu. Through this tie-up, Univercell would retail Reliance Netconnect Broadband Plus in all the 42 stores in the city, Reliance Communications region head (Tamil Nadu and Kerala) V G Somasekhar said.
L&T order-book at Rs 75k-cr
Engineering and construction major, Larsen & Toubro (L&T), said it's current order-book stands at Rs 70,000-Rs 75,000-crore, a senior company official said. "The company's order-book may touch Rs 1 lakh crore by the end of this financial year," Larsen & Toubro's member of the board & president (operations), RN Mukhija, said.
IndusInd promoter holding
Private sector lender IndusInd Bank said it has presented a roadmap to the Reserve Bank of India on bringing down the stake held by promoters to 10% over the next 2-3 years.
Cellcast bags award
Cellcast Interactive India Pvt Ltd has got the Red Herring 100 Asia , 2009 Award, an honour given to the top 100 start-up technology companies in Asia. Pankaj Thakar, CEO, Cellcast Asia, received the award in Shanghai.