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IBM wins 10-year IT services contract from co-operative bank
IBM today announced that it has signed a 10-year Information Technology (IT) services agreement with Gujarat-based Sardar Bhiladwala Pardi People’s Co-operative Bank (SBPPCB). The engagement will be in the form of a pay-as-you-go model, which will enable the bank to save up to 50 per cent in its capital expenditure on IT Infrastructure, IBM said in a statement.

Dow arm to invest $20 million
Dow Building Solutions, a foaming and insulation technology division of US-based Dow Chemical International, the world’s second largest chemical manufacturer, is contemplating investing $20 million (approximately Rs 98 crore) for setting up a manufacturing plant in India. “Potential for extruded polystyrene (insulation material) in India is very high.

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Pachauri accused of making 'fortune' from carbon trading firms
United Nations’ top climate change czar Dr Rajendra Pachauri has been accused of making a “fortune” from his links with “carbon trading” companies dependent on the world body’s policy recommendations.
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BoB, Indian Bank name Executive Directors

Public sector lenders Bank of Baroda and Indian Bank today announced that they had appointed new Executive Directors. - Magma Fin takes 7% in Experian Credit - Details of bank staff pay hike in 90 days - Indian Bank may float subsidiary for NPA management - More time for IFRS rollout: banks - South Indian Bank scales up biz target by Rs 1,500 cr - IBA agrees on second pension option, wage hike Bank of Baroda today said it had appointed N. S. Srinath as an Executive Director. Srinath was previously a General manger of Canara Bank. V. Rama Gopal, who was previously a General Manager with Andhra Bank has been appointed Executive Director of Indian Bank. Earlier in the day, three other public sectors named new Executive Directors.


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