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LG to invest Rs 25 cr in home appliances category
Consumer durables major LG Electronics today said it will invest Rs 25 crore in promotional activities of its home appliances during the festive season, as it targets a 30 per cent share in the segment by next year.

Dish TV gains on fund raising plans
Dish TV has advanced nearly 2% to Rs 44. The stock has touched a high of Rs 45 and a low of Rs 43 during the day. The counter saw trades of 2.56 million shares as against its two-week average quantity of 3.8 million.

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US markets end flat; Indian ADRs surge
US markets ended flat on Tuesday.
International Business

GE Capital Business Process Management Services bags award

GE Capital Business Process Management Services has bagged "Asia"s Best Mature Captive Services Delivery" award for credit card operations. - Issuers see rise in card base - Cautious approach on credit cards issuance to continue: ICICI - Average credit card spend up in June - PNB aims to issue 200,000 global credit cards by March 2010 - Credit card balances" growth declines to all-time low - RBI secures online credit card transactions The company is a joint venture between state-run lender SBI and GE Capital. The award was given by the Shared Services Outsourcing Network (SSON), GE Capital said in a statement today. "The Asia SSON award... Laud our customer focus and also strengthen our resolve to promote levels of greater transparency and customer service," SBI Card CEO Diwakar Gupta said. The SSON is a global community of over 12,000 shared services and outsourcing professionals, across 95 countries. SSON"s annual excellence awards recognise and promote captive and outsourced shared services that demonstrate winning practices. "We have been able to successfully leverage GE"s global best practices in building a robust technology and human resources infrastructure that is well equipped to exceed the expectations of millions of customers, as we continue to increase our customer base through SBI"s wide distribution network," GE Capital Business Process Management Services CEO Gautam Bose said. GE Capital Business Process Management Services services three million cardholders of SBI Card.


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