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Tuesday, September 23, 2003
Bechtel, GE file arbitration suit
MUMBAI, SEPT. 22. Bechtel Enterprises Holdings Inc. and GE Structured Finance (GESF) have filed an arbitration action against the Government of India to recover their investments in the Dabhol Power Company (DPC). "The total value of the claim ...
Enron, a commercial and not political risk
MUMBAI, SEPT. 22.There has been a repeat drama in the saga of the controversial Enron power project with the Overseas Private Investment Corporation (OPIC), the political risk insurer agency of the U.S. Government, and Christina Rocca, U.S. ...
Tata Steel identifies partners for titanium project
CHENNAI, SEPT. 22. Tata Steel has identified its consortium partners for its titanium project in Tamil Nadu. The consortium comprises Outokumpu Finland's physical separation division based in the U.S and Outokumpu-Lurgi, Germany, Pincock Allen ...
New legislation for private coal mining proposed
NEW DELHI, SEPT. 22. In a bid to involve the private sector in a big way in the coal industry, the Union Government plans to introduce legislative changes allowing for private mining while liberalising norms for allotment of captive blocks for ...
LVB revises FCNR, NRE deposit rates
TIRUCHI: Lakshmi Vilas Bank has revised the interest rates on FCNR deposits with effect from September 22. The interest rates for dollar deposits for 1-2 years will be 1.10 per cent, for 2-3 years 1.65 per cent and for 3 years 2.30 per cent. ...
1:1 bonus from Moser Baer
CHENNAI: Moser Baer India has announced the issue of bonus shares in the ratio of one share for every equity share held. The company has posted a net profit of Rs. 237.27 crores for the year ended March 31, 2003 as compared to Rs. 215.80 crores ...
Natco Pharma to focus on contract research
HYDERABAD: The Hyderabad-based Natco Pharma will be laying emphasis on undertaking contract research for corporates within and outside India, and it intends to develop contract research activity as an independent business segment. According to ...
Sundaram Mutual to pay 15 p.c.
CHENNAI: Sundaram Mutual has proposed to declare a dividend of 15 per cent (Rs. 1.50 per unit) in Sundaram Growth Fund dividend option, with record date on September 26. Sundaram Growth Fund was launched in April 1997 and sought to ...
Three banks select easitax solution
CHENNAI: Bharat Overseas Bank, ICICI Bank and Corporation Bank have selected the Chennai-based Integrated Hitech's easitax as their complete e-filing solution provider. Integrated also offers Net filing of e-Returns through Sify's Finance portal ...
Hexaware ties up with IBM
CHENNAI: Hexaware Technologies has informed the National Stock Exchange that it had entered into a partnership with IBM-Rational to develop competencies in Rational technologies and methodologies. As part of this initiative, Hexaware will be ...
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