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China Life may help in pre-IPO placement
Reliance Life is in talks with Chinese insurance giant China Life for a pre-initial public offer (IPO) placement. The Anil Dhirubhai Ambani group company is also in discussions with a private equity player for a total placement of 15 per cent stake.

Godrej Security targets Rs 1,000 cr turnover in 4 yrs
According to him, GSS dominates the domestic market with over 70 per cent share and has a footprint in 40 countries including the US and the European countries.

News of the day

Japan PM promises to link rupee with yen to boost FDI
In yet another move to increase the flow of Japanese investment into India, visiting Japanese Prime Minister Yukio Hatoyama today assured India’s leading industrialists and bankers to look into the option of directly linking the rupee and yen.
International Business

Wipro settles land deal with West Bengal for second unit

IT giant Wipro today settled the land issue with the West Bengal government for its second unit near Kolkata and would buy 50 acre at Rs 75 crore. - Wipro targets govt contracts abroad - Wipro targets govt contracts abroad - Tech to ride on Volume growth - Symantec, Wipro sign pact to provide new services - Premji Invest close to investing Rs 150 crore in Manipal"s education arm - Wipro looks to reduce its carbon footprints Chairman of Wipro Azim Premji after meeting Chief Minister Buddhadeb Bhattacharjee here, said, "We have settled the land issue with the government." The land price was fixed at Rs 1.5 crore per acre. Both Wipro and Infosys were earlier provided land at West Bengal"s much-touted IT township called Vedic village, but the project was scrapped after it ran into controversy. Later, both Wipro and Infosys were offered alternate land in New Town in Rajarhat near the metropolis but Infosys is yet to respond to the offer. Wipro is already running a BPO and technology centre at Salt Lake sector five. Premji said that work on the project would start in 18 months.


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