Unitech, Satyam to be listed on Morgan Stanley index (Capsule)

NEW DELHI - Realty major Unitech and IT firm Mahindra Satyam were included in the Morgan Stanley Capital Index in the Emerging Market category from Monday, a company official from Unitech said.

Mahindra Satyam will also be included in Morgan Stanley’s Global Standard Indices.

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Parsvnath gets nod for Rohtak project

New Delhi: Realty major Parsvnath Developers Monday said it has received a letter of intent for grant of license for developing approximately 118 acres of a township at Rohtak in Haryana.

The project, with a realisation value of approximately Rs.700 crore, will have about four million square feet of saleable area and would comprise plots, residential properties, shopping centres and schools.

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Alliance Foods to expand in South India

Chennai: The Mumbai-based Alliance Foods, which became the first company to launch ready to cook breaded prawns in India this month, will be expanding operations in South India before going national, the company says.

Having launched the product in Bangalore Aug 15, the Rs.100-crore Alliance Foods will introduce its Cambay Tiger brand in Hyderabad and here next month and later in Cochin.

“In Chennai, we are talking to all major retail chains like Spencers. Our focus will be on retail chains and not neighbourhood shops,” said Aruna K.R, sales manager in charge of the southern region.

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TERI, Nikkei to hold seminar on Kyoto Protocol

New Delhi: Nikkei’s Global Eco-Business Forum, a conglomerate of government and private sector business enterprises from Japan and The Energy and Resources Institute (TERI), will organise a seminar on Kyoto Protocol Sep 5.

The seminar, to be held in Delhi, will explore setting up of partnerships and collaborations in India for introducing energy technologies aimed at reducing greenhouse emissions.

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Amitabh brand ambassador for Max New York

New Delhi: Life insurance firm Max New York Life Monday announced the appointment of actor Amitabh Bachchan as the brand ambassador for Max Vijay, a product targeted at the poorer sections of society.

“Max Vijay is a unique product that has been designed keeping in mind the savings and protection needs of the common people,” the company said in a statement.

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ibibo.com to produce rock albums

New Delhi: Entertainment-based social networking site ibibo.com, in association with Counter Culture Records, has launched an online platform - “The Rising Rock Stars of India” - to encourage fresh talent and emerging rock bands across India.

As a part of the exercise, one band will get an opportunity every month to record an album professionally, which ibibo will market on the web and mobile