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IIMs sharpen focus on foreign partnerships
IIM-Ahmedabad has around 75 tie-ups while IIM-Calcutta has around 50 partnerships with B-schools abroad

Maha govt staff call off proposed strike
The government employees in Maharashtra today called off their proposed strike which was sheduled to begin tomorrow, saying the state government has accepted "most of their demands" including payment of HRA as per Sixth Pay panel recommendations from this month.

News of the day

It may take US over seven yrs to wipe off job deficit: Report
The indications of economic recovery notwithstanding, the revival in the job market still have a long way to go, as a latest study says that it may take more than seven years for the US to wipe off the job deficit.
Corporate

HSBC InvestDirect's S'pore arm to give up dealing rights

HSBC InvestDirect today said its Singapore-based wholly owned subsidiary IL&FS Investmart Asia Pacific will surrender the capital markets services license granted by the Monetary Authority of Singapore. - IL&FS Investsmart renamed as HSBC InvestDirect - ICICI Pru ranked first for managing EPFO funds - DLF-IL&FS consortium bag Rs 900-cr Haryana Metro project - IL&FS proposes 10 more apparel training centres - Oil India IPO to hit market on Sept 7 - Value of deals falls 66% in H1: Grant Thornton The board of directors of HSBC InvestDirect, have approved the surrender of the capital markets services license for "dealing in securities", granted by the Monetary Authority of Singapore to IL&FS Investmart Asia Pacific Private Ltd, Singapore, HSBC InvestDirect said in a filing to the Bombay Stock Exchange (BSE). Earlier in May 2007, IL&FS Investmart Asia Pacific Private Ltd (IIAPPL) had received the capital markets services license from Monetary Authority of Singapore to conduct dealing in securities. HSBC has operations in Singapore, therefore, it is surrendering the additional capital markets services license which came to the group by virtue of acquisition of the IL&FS Investmart, the bank spokesperson said. Shares of the company were trading at Rs 270, down 0.33 per cent on the BSE. Pursuant to the receipt of the fresh Certificate of Incorporation from Registrar of Companies, Maharashtra, IL&FS Investsmart has been rechristened as HSBC InvestDirect (India) Ltd. Last year the global financial giant, HSBC, acquired a majority stake in domestic brokerage firm IL&FS Investsmart.


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