NIIT launches GNIIT for engineers in Hyderabad

Asia's major IT trainer, NIIT said, it has launched GNIIT program for engineers in Hyderabad. GNIIT for engineers is aimed at enhancing employability of engineering graduates by bridging the skill gap.

The program offers global technology certification curriculum to ensure best career opportunities worldwide along with the firsthand experience of working on the latest technology developments. The students will also undergo a software development life cycle project, followed by six-month industry internship, said the company in a regulatory filing.

On Wednesday, NIIT shares ended 0.7% down at Rs66 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.7% down at 18,179 points.

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Religare promoters declare open offer

RHC Finance Pvt Ltd, along with RHC Holding Pvt Ltd, proposes to acquire 2.8 crore shares of Religare Enterprises Ltd, representing 21.7% of the current share capital (20% of the diluted share capital) of the target company.

The shares will be bought at a price of Rs457 apiece. There are no partly paid-up equity shares of the Religare Enterprises Ltd, according to the lead manager, Kotak Mahindra Capital Company Ltd. This offer is not subject to any minimum level of acceptance. The offer opens on 13th October and closes on 1 November 2010.

On Wednesday, Religare Enterprises shares declined 4.5% to Rs478 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.7% down at 18,179 points.

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Info Edge plans to invest Rs4.7 crore in DC Foodiebay Online Services

Info Edge (India) Ltd, provider of online classifieds, said it plans to invest upto Rs4.7 crore in DC Foodiebay Online Services Pvt Ltd, an online food guide and restaurant directory business.

Info Edge (India) had recently approved the issue of bonus shares in the ratio of 1:1 to the existing equity shareholders of the company, as on the record date, as may be fixed. This is however subject to the approval of shareholders of the company.

On Wednesday, Info Edge shares ended 1% down at Rs1,035 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.7% down at 18,179 points.

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