Sensex extends gains for third straight day

MUMBAI: Recovering from early losses, the BSE benchmark Sensex on Wednesday ended almost 22 points higher at a fresh two-and-half year high, ignoring weak global cues.

Rising for the third session in a row, the 30-share index of the Bombay Stock Exchange closed at 18,666.71 points, up 21.65 points, or 0.12 per cent, with the major contribution coming from SBI, Bharti Airtel, Infosys and HUL. This is the best close of the Sensex since January 18, 2008, when it settled at 19,013.70 points. The National Stock Exchange’s wide-based 50-share Nifty index finished at 5,607.85 points, up 0.07 per cent.

Indosolar public issue opens on Monday

MUMBAI: Indosolar Limited, a manufacturer of poly-crystalline solar photo-voltaic cells, is entering the capital market on September 13 with a public issue of equity shares of ` 10 each for cash at a price aggregating up to ` 357 crore. The price band has been fixed between ` 29 and ` 32 per equity share. The issue will close on September 15. The object of the issue is to utilise the funds to finance the expansion of annual manufacturing capacity for SPV cells by adding a third line of 100 MW.

Sanjeev Kapoor-BVB launches chain of Indian restaurants

MUMBAI: India’s master chef, Mr Sanjeev Kapoor has joined hands with corporate multi-brand entity, Better Value Brands (BVB) to launch the country’s first global chain of Indian restaurants called ‘Indii’. This ` 100-crore joint venture plans to set up 70 Indii outlets across the country, and also aims to reach out to the Indian diaspora in different continents in the next 12 months. Indii will be the place for food lovers to ‘eat, shop, relax’ and take home with them signature Indii food products such as sauces, chutneys, special spices and other gourmet ingredients. Indii promises its patrons Indian food that is chic and healthy in an ambience that matches the dynamic lifestyle of today.

IEEMA to hold seminar on ‘Metering and beyond’

PANAJI: IEEMA Meter Division will organise the 4th seminar in the series of ‘Metering India’ on January 20 and 21 next year in New Delhi, informs a press release issued here. The seminar would provide an opportunity for interaction on various issues related to energy metering in India. The theme for the seminar is ‘Metering and beyond...’. IEEMA invites papers in the following areas from experts from utilities, networking and IT solutions providing companies, energy service companies, electricity tariff regulators, testing institutes, utility service providers, consultants, technical and research institutes, building and industrial sector, solar plant manufacturers and manufacturers of energy meters.

C-LIBZ bags INTEL award

PANAJI: C-LIBZ Computer Centre, Vasco has bagged an award from INTEL in recognition of its contribution to Intel’s business in 2009-10. C-LIBZ has to its credit many achievements in the field of information technology and has been very active in playing a prominent role in providing quality services to the community since 1996 in this field and this award is yet another milestone in its endeavours. The ongoing programme named ‘Tech Kranti’ at C-LIBZ has been attracting large crowds to attend programmes on latest technologies on display, says the press release issued by its proprietor, Mr Simon Fernandes.