NASDAQ
hosts 11th Tokyo Investor Program
The NASDAQ Stock Market Inc., is hosting its 11th Tokyo
Investor Program in association with Morgan Stanley on
February 24th and 25th. Craig Barrett, CEO, Intel Corporation
will open the Program.
Amongst
the ten companies who will present to the Japanese investment
community, is Infosys Technologies Ltd. (NASDAQ: INFY).
To participate in these company presentations via live
and interactive webcast on 24th February from 8am (Tokyo),
you may register at the NASDAQ Institutional Investor
Center-http://investors.nasdaq.com-where the replay webcast
will also be made available after 48hours.
NASDAQ
has hosted investor programs in Asia and Europe for its
listed companies since 1995.
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ECBs
allowed for overseas investment
Mumbai: The Reserve Bank of India has permitted
eligible resident corporates to raise external commercial
borrowings for overseas direct investment in joint ventures
or wholly owned subsidiaries including mergers and acquisitions.
The decision would help Indian corporates facilitate their
overseas direct investment.
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OVL
bids for Shellw stake in Angola
Mumbai: ONGC's overseas arm, ONGC Videsh Ltd. is
among the three companies shortlisted to buy out multinational
oil major Royal Dutch Shell's 50 per cent stake in an
oil field in Angola.
The company is biding for the stake in the Greater Plutonio
project (also known as block 18) in the Angolan deepwaters.
Bids open this month-end. The deal has the potential to
add 280,000 barrels of oil per day or seven million tonnes
a year to the company's 10 million tonnes annual overseas
production.
OVL
has set itself a target of achieving 20 million tonnes
of oil and gas reserves from properties abroad by year
2020.
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