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Friday, May 05, 2006
Global imbalances may hit interest rates: FM
Huge mismatch between savings and investments
Moody's ups India's currency rating
Robust nominal GDP growth, cost savings key drivers
RIL leads rally, Sensex closes at 12348
MUMBAI: The key stock market index (Sensex) on Thursday moved up marginally to 12,347.63, a new closing high, even as Reliance Industries' scrip gained handsomely in volatile trading. The BSE benchmark 30-share Sensex started firm at 12,343.63, ...
Improved FDI inflows expected in power sector
US Exim Bank backs Khanjee investment
Jet's consultancy pact with Air Sahara
NEW DELHI: Jet Airways on Thursday said it had concluded a consultancy agreement with Air Sahara to improve the latter's overall performance and services within India and abroad and deputed a 11-member team for the purpose. ...
IDBI moves HC against CLB order
NEW DELHI: The Industrial Development Bank of India has moved the Delhi High Court, seeking a stay on an order passed by the Company Law Board deferring allotment of Haldia Petrochemcials shares to various lending ...
Jindal Stainless raises prices
NEW DELHI: Jindal Stainless on Thursday raised the prices of its products by more than Rs. 6,000 per tonne, citing spiralling input costs. ...
Luxembourg adopts new takeover law
LUXEMBOURG: Luxembourg's parliament adopted on Thursday a new takeover law stripped of controversial clauses seen as being aimed at blocking Mittal Steel's hostile bid for Luxembourg-based steelmaker Arcelor. ...
`Carbon slide will not halt projects'
LONDON: Solar, wind and other green energy projects based in developing countries and funded under the Kyoto Protocol will survive the plunge in the European carbon market, which underpins project investment, the UN says. A 65 per cent collapse ...
Two new schemes from Syndicate Bank
CHENNAI: Syndicate Bank has introduced two new schemes Synd Senior and Synd Nivas Plus for its pension and housing loan customers. Synd Senior enables pensioners to avail themselves of a loan ranging from Rs. 50,000 to Rs. 3 lakh ...
Siemens completes acquisition of stake in Flender
CHENNAI: Siemens has completed the acquisition of a 50 per cent stake in Flender Ltd. for Rs. 67.80 crore. With the signing of the closing agreement, Flender is now a Siemens company along with its manufacturing unit located at Kharagpur, West ...
Sundaram Brake pays second interim
CHENNAI: Sundaram Brake Linings has declared a second interim dividend of 50 per cent (Rs. 5 per share) for the year ended March 31, 2006. According to a release, the aggregate of interim dividends declared for the year is 100 per cent (Rs. 10 ...
STC achieves higher profit
CHENNAI: The State Trading Corporation of India has recorded a profit before tax of Rs. 50 crore for 2005-06 against Rs. 37 crore, an increase of 35 per cent. The net profit was higher by 44 per cent at Rs. 36 crore against Rs. 25 crore. ...
ICICI Venture invests in Metropolis Health
MUMBAI: Private equity and venture capital management company, ICICI Venture, has picked up a minority stake in Metropolis Health Services India Pvt. Ltd by investing Rs. 35 crore through the India Advantage Fund-I. Metropolis is a leading ...
1:1 bonus from Apollo Sindhoori Capital
CHENNAI: : Apollo Sindhoori Capital Investments has announced a bonus issue in the ratio of one share for every equity share and a final dividend of 40 per cent. The company has already paid an interim dividend of 20 per cent. The directors have ...
Jawhar Sircar takes over as DC (SSI)
NEW DELHI: Jawhar Sircar has taken over as the Development Commissioner (Small Scale Industries) with effect from May 1. He is a 1975 batch IAS officer of the West Bengal ...
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