Microfinance firm Grama Vidiyal plans to recruit 700 people

October 1st, 2009 KUALA LUMPUR - RMP Infotec Pvt Ltd, an Indian firm specialising in multi-level marketing (MLM), plans to expand its operations to Malaysia and use it as a gateway to other Southeast Asian countries. The company, which adopts binary network marketing commonly used around the world that gives large discounts benefitting consumers, would make an initial investment of RM 10 million ($2.8 million) mainly for basic infrastructure and training for its members here.

September 17th, 2009 Palm to sell 16 million shares in offeringSUNNYVALE, Calif. — Smart phone maker Palm Inc.

September 14th, 2009 NEW DELHI - Private sector lender Yes Bank Monday announced that it has entered into an agreement with Proparco, a French multilateral development finance agency, to raise $20 million (Rs.97.45 crore) subordinated debt. "The bank intends to raise up to Rs.500 crore by way of subordinated debt forming part of upper and lower tier II capital by end of March 2010," it said in a statement.

September 3rd, 2009 Liz Claiborne working with turnaround firmNEW YORK — Clothing maker and retailer Liz Claiborne Inc. is working to improve its performance with help from turnaround firm Alvarez & Marsal.

August 30th, 2009 Grameen shows poorest of poor can be creditworthyBANGKOK — The global financial crisis has highlighted a curious success story: A bank that doles out loans to some of the world's poorest, least-creditworthy people continues to have a payback rate of nearly 100 percent. Nobel Peace Prize winner Muhammad Yunus, known as the "banker to the poor," quips that the Grameen Bank he founded owes its success to "sub-sub-subprime borrowers" who also own nearly all the bank's equity.

August 21st, 2009 RXi Pharmaceuticals CFO leaving Aug. 28WORCESTER, Mass.

August 6th, 2009 The servicers in gov't loan-modification planA look at the loan servicers in Treasury's mortgage-modification program, the taxpayer money they could receive and the percentage of eligible loans they've offered to modify so far. The servicers will keep some of Treasury's money and will pass some of it on to investors and homeowners.

July 27th, 2009 Former US Sen. Larry Craig opens consulting firmIDAHO FALLS, Idaho — Former U.S.

July 20th, 2009 TD Ameritrade settles securities investigationNEW YORK — Retail brokerage firm TD Ameritrade Inc. agreed on Monday to repurchase $456 million in auction-rate securities from investors as part of a settlement with the New York Attorney General's office and Securities and Exchange Commission.

July 5th, 2009 NEW DELHI - The latest edition of the Microfinance India Summit will be held in Delhi Oct 26-28, and will focus on providing financial services to low-income groups, the organisers of the event have said. The event, sixth in a series of annual summits organised by ACCESS Development Services, will draw diverse perspectives of the future of microcredit in India.

April 9th, 2009 SINGAPORE - Singapore authorities have busted an illegal labour supply syndicate which used to recruit workers from India, Bangladesh and China, a news report said Thursday. Bangladeshi national Shamsul Hoque Abdur Rahim, 40, and three Singaporeans were arrested by Manpower Ministry officials and the police following raids on various places in the city state.

February 27th, 2009 LONDON - Singer-actress Jennifer Lopez is furious with British pram firm Silver Cross for using her photograph with her kids without her permission and is suing them for 3.5 mn pounds. Jennifer and her singer husband Marc Anthony filed a trademark infringement lawsuit in a Los Angeles district court Wednesday, reports thesun.co.uk.

February 16th, 2009 NEW DELHI - Home Minister P. Chidambaram Tuesday told the Lok Sabha that orders were being issued to recruit officers for the National Investigation Agency (NIA) set up in the aftermath of the 26/11 Mumbai terror strike.

January 21st, 2009 AHMEDABAD - People of Ahmedabad as well as tourists would be able to enjoy a boat ride on the Sabarmati river from next year, as a firm plans to invest Rs.7.5 million (Rs.75 lakh) to start the service. Akshar Travels Pvt Ltd, an Ahmedabad-based travel firm, has signed a memorandum of understanding (MoU) with the Gujarat government to introduce river cruises and to develop tourism infrastructure along the river.

January 9th, 2009 AHMEDABAD - The lateral process to place experienced students from various programs in IIM-Ahmedabad at non-entry level positions in different sectors has officially begun, a statement issued by the institute said Saturday. 'The objective of this particular process is to provide our experienced students with a wide gamut of opportunities.