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Edserv Softsystems gets shareholders' nod for raising funds
Education solutions provider Edserv Softsystems today said it has received approval from its shareholders to raise funds through various options, including issuing securities of up to $500 million (about Rs 2,200 crore) in the overseas market.

Posco's ribbon-cutting ceremony under cloud
The foundation stone laying ceremony for the Posco India"s steel plant at Kujang in Orissa"s Jagatsinghpur district by South Korean President Lee Myung Bak in January 2010 is under a cloud.

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Maruti launches Eeco in Hyderabad
Maruti Suzuki India Limited (MSIL) launched its utility vehicle (UV) Eeco in Hyderabad on Wednesday. “The new family car is designed keeping in mind the needs of the Indian customers. Eeco will help us strengthen our presence in the C segment and give us good numbers,” IV Rao, managing executive officer (engineering) of MSIL, told mediapersons here.
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Sukhoi listed as most rapidly growing companies of Russia

Major Russian aircraft manufacturer famous for its fighters, Sukhoi has been listed amongst the most rapidly growing companies of Russia by the Economic News Agency rating. - India agrees to allocate extra funds for "Gorshkov" refitting - US special envoy to visit Asia, Russia for talks on N Korea - Ban slams Georgia over "Russian blackmail" claim - Delay in defence equipment supply anguishes Antony - Facebook receives $200 mn investment from Russian firm - Russia mulls $10 bn IMF bond purchase It has been listed together with other Russian companies Gazprom, Norilsk Nickel, Rosneft, Rostelecom, Russian Alcohol, VympelCom, TNK-BP, Transneft and Cherkizovo Group. "Dynamics, authority and development prospects were more important that absolute amounts of bank assets, charter capitals and corporate circulating assets," Sukhoi said in response to it"s listing. Founded by Pavel Sukhoi in 1939 as the Sukhoi Design Bureau, Sukhoi attack and fighter aircraft are in use across the world with a total of more than 2,000 Sukhoi aircraft being supplied to foreign countries on export contracts. India, China, Poland, the Czech Republic, Armenia, Slovakia, Hungary, Georgia, East Germany, Syria, Algeria, North Korea, Vietnam, Malaysia, Afghanistan, Yemen, Egypt, Libya, Iran, Angola, Ethiopia, Peru, Eritrea, and Indonesia are the major countries using the services of Sukhoi. Sukhoi is also one of the leading manufacturers of aerobatic aircraft.


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