Online edition of India's National Newspaper
Thursday, June 30, 2005
CECA with Singapore will boost investment, says Chidambaram
Assocham study forecasts substantial benefit for infrastructure sector
4:9 swap for Centurion Bank merger
The combined new bank will have an asset size of Rs. 9,395 cr
Lodha to head Birla Corp
KOLKATA: Rajendra Singh Lodha has been elected Chairman of the board of directors of Birla Corporation Ltd. (BCL), the flagship company of the M. P. Birla group. He has been on the BCL board for sometime, co-chairing the board with late ...
Reliance Infocomm rejigs tariff plans
CHENNAINEW DELHI: Reliance Infocomm has rationalised its tariff structures in line with the recent Department of Telecommunications (DoT) circular, making calls in Maharashtra and Goa, West Bengal and Andaman Nicobar Islands, Uttar Pradesh and ...
ATF prices may go up
NEW DELHI: Indian Oil Corporation may raise aviation turbine fuel prices by 5 per cent or around Rs. 1,500 a kilolitre from July 1 in step with the firming up of cost of raw material (crude oil). ``The next change in ATF (jet fuel) prices is ...
China's new tax to check steel exports
BEIJING: China will impose a tax on some steel exports to slow their surging growth, the government said on Wednesday, amid growing concern overseas that a deluge of low-priced Chinese steel will flood the market. The 17 per cent tax on high-end ...
Tatas in talks with Thai Rung
NEW DELHI: Tata Motors is in talks with Thai Rung Union Car Plc for production of pick-up trucks. This was confirmed by Thai Rung in a filing with the country's stock exchange in Bangkok. ...
Nirma picks up stake in SCL
MUMBAI: Nirma Chemical Works Ltd. (Nirma) has emerged as the highest bidder for acquiring 32.2 per cent of the paid-up capital of Saurashtra Chemicals (SCL), a S. K. Birla Group company, along with debt and preference shares from Asset ...
Infosys in pact with B-Source
BANGALORE: Infosys Technologies and B-Source on Wednesday announced a technology partnership to provide a `pay-as-you-transact' model, known as Business Service Provisioning, to European banks in the private banking and asset management sector. ...
S.P. Talwar, Senior Advisor to Yes Bank
NEW DELHI: Yes Bank on Wednesday appointed the former Deputy Governor of the Reserve Bank of India, S.P. Talwar, as Senior Advisor (Corporate Development). He is to take charge on July 1, according to the Yes Bank Managing Director and CEO, ...
Merrill Lynch arm buys stake in Indiabulls
MUMBAI: Merrill Lynch Capital Market Espana S A SV has acquired a 2.07 per cent stake in Indiabulls Financial Services through cancellation of global depository receipts (GDRs). ...
United Phosphorus acquires SWAL
NEW DELHI: United Phosphorus has acquired a 100 per cent stake in SWAL (formerly known as Shaw Wallace Agrochemicals Ltd.) for Rs. 23.4 crore. The acquisition will be financed through cash accruals of the company, United Phosphorus informed the ...
Acquires stake in NDTV
MUMBAI: Shyam Basic Infrastructure Projects Pvt. Ltd. has acquired a 7.47 per cent stake in New Delhi Television through open market purchase. A total of 45.43 lakh shares was purchased on June 28 by Shyam Basic Infrastructure, aggregating 7.47 ...
GE unit to buy shares
SEOUL: General Electric Co.'s financing unit is set to buy a 40 per cent stake in a credit card arm of South Korea's Hyundai Motor Co. for an estimated $391 million, sources familiar with the deal said on ...
Indian Bank's education loan campaign
COIMBATORE: Indian Bank will conduct a special education loan campaign on July 2 at its Erode Branch and on July 3 at its P. N. Palayam Branch, Coimbatore. A team of specialists and branch managers will be present at the campaign to provide ...
First Leasing pays 22.5 p.c.
CHENNAI: First Leasing Company of India has increased the dividend to 22.5 per cent for the year ended March 31, 2005 from 20 per cent in the previous year. The company posted a net profit of Rs. 24.10 crore against Rs. 21.58 crore. Income from ...
Orchid gets USFDA nod for cephalexin
CHENNAI: Orchid Chemicals & Pharmaceuticals Ltd (Orchid), on Wednesday, announced that it had received approval from the USFDA for its ANDA (abbreviated new drug application) of cephalexin capsules USP 250 mg and 500 mg. This is the first ANDA ...
Chola MIP pays 1.84 p.c. quarterly dividend
CHENNAI: Chola Mutual Fund has declared 1.84 per cent dividend for individual investors and HUF (18 paise per unit of Rs. 10) and 1.71 per cent dividend for other investors (17 paise per unit of Rs. 10) under the quarterly dividend option of ...
Infomedia India declares 80 p.c.
CHENNAI: Infomedia India (formerly Tata Infomedia) has announced a dividend of 80 per cent. This will be payable on the equity capital doubled by the issue of bonus shares in August last. The dividend was 120 per cent in the previous year. ...
Ma Foi expands operations
CHENNAI: Ma Foi Management Consultants, a leading HR services provider, commenced its business partner operations in Siliguri. This is the company's fifth business partner office in eastern India and the first in West Bengal, says a ...
Intec's Bangalore facility
BANGALORE: Intec, a telecom software solutions provider, has planned to invest pound sterling 2.5 million for its operations in India by 2006, said the company Managing Director for global services, Jim Meginley, here on Wednesday. Speaking to ...
Euronet's online data recovery system
BANGALORE: Euronet Services India, which is into processing secure electronic financial transactions, on Wednesday announced that its online data recovery system (DRS) had been commissioned. It is online and Basell II compliant. Euronet has set ...
Epson's 3LCD projectors
BANGALORE: Epson on Wednesday announced the launch of its ultra light and portable EMP-765 and EMP-760 projectors. These new 3LCD projectors deliver up to 2500 ANSI lumens of brightness, providing quality performance in various types of ...
Seminar on Machining Technologies
BANGALORE: The Indian Machine Tool Manufacturers' Association (IMTMA) is organising the third international seminar on "Machining Technologies" on July 15 and 16 in Bangalore. The theme of the seminar is "powering manufacturing growth and ...
RMi Technologies starts operations
BANGALORE: RMi Technologies India Pvt. Ltd. (RMI India), the Bangalore-based operations of Raza Microelectronics TM Inc., was launched on Monday by Atiq Raza, RMI Founder, Chairman and CEO. According to Mr. Raza, the company backed by Warburg ...
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