State Bank of India lowers deposit rates (Business Capsule)

State Bank of India, the country's largest, Thursday said it has revised downwards the deposit rates by 25 basis points across all maturities effective from October 2005.

The revised rate for the minimum 15-45 day period now stands at 2.75 percent, while for the 8-10 years it stands at 7.5 percent.

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Escorts sells mobile services arm

Mumbai: Escorts has sold its mobile value-added services company CellNext Solutions to communication services provider ValueFirst, the company said Thursday.

"We have a good buyer in ValueFirst and found it an appropriate opportunity to complete our planned reorientation towards core engineering businesses,” said G.B. Mathur, vice-president (law) and company secretary of Escorts Ltd.

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China honours Indian IT trainer NIIT

Bangalore: To mark the 60th anniversary of China as a People's Republic, the Chinese Society of Educational Development Strategy honoured India’s leading IT trainer NIIT for its contribution to the IT training industry in the mainland, the company said Thursday.

As the most influential IT training brand in China, NIIT also bagged education awards for being among the top 10 training institutes, in student placement in training industry and most influential brand in franchising, the company said in a statement.

NIIT China president Prakash Menon was presented the award in Beijing late Wednesday.

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24/7 Customer best non-European call centre

Bangalore: Leading customer lifecycle management solutions provider 24/7 Customer has won a prestigious award for being the best non-European call centre for the second time, the company said Thursday.

The award, instituted by the Call Centre Focus in Europe, is associated with the leading British contract centre magazine.

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Freescale appoints Vivek Tyagi as India sales head

Bangalore: Leading chip maker Freescale Semiconductor appointed industry veteran Vivek Tyagi as head of sales in India to drive business growth in the sub-continent, the company said Thursday.

As country manager, Tyagi will lead the company's sales operations and help Freescale deepen its customer relationships.

Last updated on Oct 1^st, 2009 at 17:17 pm IST--IANS