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Genpact BPO project in city may be delayed

The proposed Global Delivery Centre of BPO (business process outsourcing) firm Genpact in the city, which is already running behind schedule, is set to face further delay.

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ArcelorMittal issues $750mn convertible bonds

Global steel giant ArcelorMittal today said it has raised $750 million (Rs 3,500 crore) through issue of convertible bonds by its wholly-owned arm based here.

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Areva T&D bags order from Hindalco

French power equipment maker Areva"s Indian arm, Areva T&D, today said it has bagged an order from aluminium major Hindalco for erecting 440 kilo volt (Kv) substations at its plants in Singrauli (Madhya Pradesh) and Sambalpur (Orissa).

US markets edge up

US markets edged up on Monday. The Dow added 30 points to 10,501. The Nasdaq gained 22 points (1%) at 2,212. However, Indian ADRs were mixed. Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit Meanwhile, Infosys gained 2% at $53.4. Wipro and Genpact added around 1% to $20.12 and $14.2, respectively.