Corporate legal and financial advisory firm Corporate Professionals launched a web portal exclusively on laws relating to mergers and acquisitions(M & A).

Takeovercode.com is a venture of Corporate Professionals (India) Pvt. Ltd. Through continuous research and innovative solutions on the takeover law in India.

This initiative is an innovative venture which addresses these deficiencies and will bring considerable changes to the M&A services in India, Corporate Professional’s Managing Director, Pavan Kumar Vijay said.

Takeovercode.Com intends to simplify the complexities involved with its elaborative compliance reporting, innovative and useful calculators to perform a plethora of functions and advanced search engines to provide up-to-minute information on takeovers

Prime Rate or Prime Lending Rates (PLR)

Prime rate or Prime lending rates (PLR) refer to interest rates charged by commercial banks for their most credit-worthy customers. Generally credit-worthy customers consist of large corporations.

The rate is a key interest rate, since loans to less-creditworthy customers are often tied to a high interest rate. For example, a “Company A ” (most credit-worthy customer) may borrow at a prime rate of 5%, but a less-well-established “Company B” may borrow from the same bank at prime plus 1, or 6%.

Bank’s good standing customers have little chance of defaulting than customer who has a higher risk of defaulting, so the bank can charge them a rate that is lower than the rate that would be charged to other customers.

Wal-Mart Stores Inc. is about to change one of the most familiar logos in corporate America.

Wal-Mart Stores Inc, the Bentonville, Ark., chain and the world’s largest retailer, announced the company will begin replacing logos on the front of its U.S. stores with a new design beginning this fall.

Wal-Mart spokesman Kevin Gardner said the change would reflect changes customers already have seen in some store signs and advertisements.

The Board of Directors of The Goldman Sachs Group, Inc. announced the election of Lakshmi N. Mittal as an independent director of the firm effective June 28, 2008. Mr. Mittal will serve on the Audit, Compensation and Corporate Governance and Nominating Committees of the Board. With the addition of Mr. Mittal, the Goldman Sachs Board consists of 13 directors, of whom ten are independent directors.

“Lakshmi Mittal has reshaped a global industry and, in the process, has engineered new modes of production, identified unrealized value and sparked remarkable growth,” said Lloyd C. Blankfein, Chairman and Chief Executive Officer of The Goldman Sachs Group, Inc.