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Indian SMBs lead in green spending
Sixty-three per cent of Indian IT organisations have deployed green server rooms to increase energy efficiency or have a pilot project underway, according to a joint study by IBM and the InfoTech Research Group.

Weakness persists
The bears seem to have the upperhand for the last hour or so. The Sensex is now down 100 points at 17,601. The Nifty is down 26 points at 5,255.

News of the day

'Pledging of shares allowed us to save Maytas Infra'
Joe C Mathew / New Delhi September 22, 2009, 0:22 IST
Corporate

Indian Overseas Bank to raise Rs 800 cr by issuing bonds

Public sector Indian Overseas Bank today said it will raise an amount totalling to Rs 800 crore by issue of bonds on private placement basis. - Indian Bank to increase branches in Kerala to 100 in 2009-10 - IDBI Bank may shelve variable pay plan - Jharkhand asks Centre to rein in PSUs from "reckless" mining - BoB to hire 3,500 people by March 2010 - SAIL chief wins SCOPE award - Kerala HC ratifies HMT land sale The bank will garner Rs 510 crore by issue of unsecured redeemable non-convertible subordinate (Upper Tier II) bonds (Series III), Indian Overseas Bank said in a filing to the Bombay Stock Exchange (BSE). The bank would further raise Rs 290 crore by issuing unsecured redeemable non-convertible subordinate bonds (Series XII), it added. Shares of Indian Overseas Bank today closed at Rs 82.45 on the BSE, up 0.43 per cent from the previous close.


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