Progressive Infotech accelerates growth in South East with new international subsidiary in Singapore

October 3rd, 2009 CHENNAI - City-based Repco Infrastructure Development Co is in talks with the Tamil Nadu government to develop vacant land on build-operate-transfer (BOT) basis. "We are discussing various BOT projects with the Tamil Nadu government, the total value of which is around Rs.100 crore," M.

October 1st, 2009 CEO of NC-based RBC Bank to retire next monthRALEIGH, N.C. — The chief executive of North Carolina-based RBC Bank is retiring.

September 12th, 2009 KOCHI - Multinational paint manufacturer National Paints Saturday opened its first factory in India at Angamali industrial area in Kerala. The plant will have a daily production capacity of 120,000 litres, the company said.

September 1st, 2009 SINGAPORE - Singapore's DBS Group Holdings Ltd, the biggest bank in South-East Asia, said Tuesday that it has appointed Piyush Gupta from Citibank Inc as its chief executive officer, about five months after the death of its previous CEO. Gupta, 49, is currently Citibank's chief executive for South-East Asia and the Pacific and is to join the DBS Group in November, the bank said in a statement.

August 4th, 2009 NEW DELHI - India and Singapore Tuesday signed a joint action plan which, officials said, would help both countries attract more tourists. According to the plan, tourists visiting Singapore will be offered an option to include a four-five day trip to India in their itinerary, thus adding variety to their holiday.

July 30th, 2009 Commerzbank sells Swiss subsidiaryFRANKFURT — Germany's Commerzbank AG said Thursday that it is selling a Swiss subsidiary which specializes in private banking to Vontobel Group of Switzerland. Financial details of the sale of Commerzbank (Switzerland) were not disclosed.

July 16th, 2009 China's growth accelerates to 7.9 percent in Q2BEIJING — China's economic growth accelerated to 7.9 percent from a year earlier in the second quarter amid a stimulus-fueled surge in consumer spending, factory output and investment, the government reported Thursday. The growth rate for the world's third-largest economy was up from the previous quarter's 6.1 percent, the National Bureau of Statistics reported.

July 10th, 2009 KUALA LUMPUR - Critics are demanding that Miss Singapore Rachel Kum be stripped of her title, after offensive pictures of her have surfaced on the Internet. In one of the pictures, Kum is seen simulating oral sex with a birthday cake shaped like an erect penis.

July 1st, 2009 MUMBAI - India's Engineering and construction major Punj Lloyd bagged a Rs.1,263 crore ($378 million) contract to build two key metro stations in Singapore, the company said Wednesday. The contract, awarded by the Singapore Land Transport Authority to Punj Lloyd's wholly owned subsidiary Sembawang Engineers and Constructors, is for building Botanic Gardens and Stevens stations.

June 22nd, 2009 SINGAPORE - The president of the Asian Development Bank warned Monday that the global economic downturn might lead to a significant increase of poverty in Asia. "Instead of breaking out from poverty, we expect that more than 60 million people in developing Asia...

June 9th, 2009 HYDERABAD - City-based technology solutions provider Infotech Enterprises will put in place a system to streamline work processes for a Malaysian power utility, the company said Tuesday. The multi-million-dollar contract to implement the enterprise GIS information system - which can streamline work processes, integrate data and systems, and reduce duplication of effort and data - has been awarded by engineering solutions provider inCONTROL Tech (iTEC), also of Malaysia.

April 27th, 2009 HYDERABAD - Infotech Enterprises, a city-based technology services and solution provider, Monday announced a healthy 32 percent growth during 2008-09 despite the slowdown and volatile currency markets. The Hyderabad company posted a turnover of Rs.889.75 crore during the year, a year-on-year growth of 32 percent.

April 11th, 2009 SINGAPORE - Japan is to bid for hosting the 2015 and 2019 Rugby World Cups with a proposal to play the matches in 10 Japanese cities as well as Singapore and Hong Kong, according to a report in the Straits Times Saturday. If Japan wins the bid, Singapore would host five matches, the report said.

March 26th, 2009 BRUSSELS - NATO warships will for the first time visit South East Asia, including Pakistan and Singapore later this month, the 26-member alliance has said here in a statement. 'The deployment of warships in South East Asia demonstrates the high value NATO places on its relationship with other partners across the globe.

February 4th, 2009 NEW DELHI - In a move that will ease processing of travel and visa documents for inbound tourists from Singapore and boost tourism and trade ties between both the countries, the Indian High Commission in Singapore has hired Quoprro Global, a subsidiary of Cox and Kings India Limited, to start visa and passport services. According to the mandate given by the Indian High Commission, Quoprro Global will accept all visa applications for India from Singapore nationals and other foreign nationals, who are residents of Singapore, as well as passport applications for Indian nationals residing in Singapore.