In order to endorse next generation CDMA devices in the Indian market,

Tech Mahindra, provider of solutions and services to the telecom industry has si

One of India’s leading mutual funds, DSP Merrill Lynch Mutual Fund has launched a fund “DSP Merrill Lynch Fixed Maturity Plan” (12 ½ Months Series 1) in India market.

The newly launched fund will be a close-ended income schemes, with maturity profile of 12½ months.

The primary investment objective of the schemes is to seek capital appreciation by investing in a portfolio of debt and money market securities.

It is envisaged that the portfolio will display a maturity profile that is generally in line with the Term of the scheme. Both funds will invest can invest up to 100% in debt instruments and up to 100% in money market.

Aban Offshore, India's largest private sector offshore drilling contractor, has announced that the company has received a Letter of Intent (LoI) for the deployment of the newly built jack-up rig Aban VIII in the Middle East.

The estimated revenue from the contract may cross $300 million. The contract for the programme covers 18 wells, which is extendable to another 4 wells, is expected to run for roughly four years.

The deployment is to commence following delivery of the rig, which is expected in the second quarter of 2008.