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JSW Steel: A Japanese connection
Since the foreign partner isn’t buying equity in JSW Steel, there’s no reason for a re-rating.

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Persistent sets up CoE for Android platform applications
Persistent Systems, providing software product development services, set up a Centre of Excellence (CoE) around the Android open mobile platform.

News of the day

CII to take CEO delegation to Japan next year
The Japanese and Indian industry are keen to take the Japanese investment in India beyond automobiles and into sectors like infrastructure, manufacturing, trade and education. The view emerged at a meeting between the Indian industry and a Japanese delegation, led by Prime Minister Yukio Hatoyama. Both the countries found that much more work had to be done for a comprehensive Economic Partnership Agreement (EPA) to fructify.
Business Ideas

Suvrat Saigal is Barclays' Consumer Banking Director

Barclays today appointed Suvrat Saigal as Consumer Banking Director, Global retail and commercial banking (GRCB) India. - Emaar MGF to use over half of Rs 3,850-cr IPO to repay debt - CIT said to weigh financing from Citigroup, Barclays - Barclays in talks to buy Citi"s assets in Portugal: report - Global recovery to be stronger than expected: Barclays - OPIC provides $250 mn to Citi for MF lending - Citi"s Tom King quits, likely to join Barclays: report Prior to joining Barclays, Suvrat held various senior positions with Citigroup for 19 years across Australia, the Asia Pacific region including Japan, USA, Singapore and India, a press release said. Most recently, he was the head of strategy, marketing and customer experience at Citibank Australia. Based in Mumbai, GRCB India has presence in five other cities New Delhi, Nelamangala, Kanchipuram, Junagarh and Ahmednagar. It has over 900,000 customers in India.


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