Polaris move in Europe
Polaris Software Lab is planning to expand its footprint in the European markets. The company sees Sweden as a potential hub to cater to northern, central and eastern Europe, Polaris EMEA chief operating officer Chander Singh said. Polaris is considering joint venture alliances with local service providers, system integrators and others to be able to serve customers in Sweden and other Baltic and Nordic countries.
ITC Ltd has issued and allotted 33.96 lakh ordinary shares of Re 1 each under its employee stock option scheme. The company allotted the shares after the employees holding over 339 lakh options exercised their right to get these converted into shares.
United Spirits has introduced a limited edition of McDowell’s No. 1 Whisky for Durga Puja in Calcutta. The limited edition will sport new litre and quart packs with colours of gold, burgundy and festive sparkles for the season.
Bharti Airtel has launched the Airtel Advantage initiative. The scheme will charge 50 paise per minute for local and STD calls between two Airtel connections.
Uco Bank MoU
Uco Bank has signed a memorandum of understanding (MoU) with Mahindra & Mahindra Ltd for car financing. The bank will be the preferred financier for M&M cars and multi- utility vehicles.
Usha Shriram Brita has launched a range of products in Bengal, including storage water purifier Water Guard Crystal. The product is priced at Rs 1,799.
Novartis India has launched Otrivin in a nasal spray format in India. A 10ml spray bottle of Otrivin is priced at Rs 44.