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Hero Honda sales jump 74% in December
The country"s biggest two-wheeler maker Hero Honda Motors today reported 74.05 per cent jump in its sales in December 2009 at 3,75,838 units as against 2,15,931 units in the same month last year.

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Sargent appointed as GE Capital Asia-Pacific head
General Electric"s financial services arm GE Capital has appointed Steve Sargent as the President and CEO for its Asia Pacific operations.

News of the day

IT parks again on Madhya Pradesh government agenda
After frustrating traditional bid attempts for its SEZ-categorised IT parks in Indore, Bhopal, Gwalior and Jabalpur, the Madhya Pradesh government is likely to re-bid for the parks through Swiss Challenge System, under which the government can also take offers from private parties, unsolicited. It is also likely to change the model of sale of IT parks so that the developers can attract private partners. Crystal IT park in Indore, a complete infrastructure of eight-storied building, has no taker for years, and the Bhopal IT park is reportedly going the same way before it can see the light of day. Few months back Zoom Developers pulled out of the Crystal IT park project after successfully bidding for it.
International Business

Barclays Capital appoints Matthew Ginsburg

Barclays Capital, the investment banking division of Barclays Bank PLC, has appointed Matthew Ginsburg as Managing Director and Head of Investment Banking, Asia-Pacific. - India likely to grow by 7-7.5% in FY10: Kamath - ING Vysya Bank QIP opens today - Dhanalakshmi Bank launches Internet banking - Macquarie Bank sells shares of HDIL worth Rs 22 cr - IOB to coordinate with farmers in enhancing rice output - PNB to grant collateral free loans up to 1 cr Ginsburg will be responsible for the management of the firm"s investment banking activities across Asia-Pacific. Earlier, Ginsburg was working in Morgan Stanley as Head of Investment Banking, Asia-Pacific. Ginsburg will be based in Hong Kong and will report regionally to Robert Morrice, Chairman and Chief Executive, Asia Pacific, Barclays PLC and globally to Hugh (Skip) E McGee III, Head of Investment Banking, a company press release said. "Matthew has a tremendous track-record in running successful businesses and has significant regional experience. We are looking forward to him being part of the senior management team and leading the expansion of our investment banking platform in Asia-Pacific," Barclays PLC"s Asia Pacific Chairman and Chief Executive, Robert Morrice, said. "We are excited to have Matthew on board. His knowledge of the industry and the region will be an outstanding addition to our existing franchise and will further our ability to serve our clients globally," Barclays Capital Head of Investment Banking, Skip McGee, said.


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