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Saturday, May 13, 2006
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Sensex surrenders another 150 points
Funds sell in cement, banking stocks

Schneider plans to make India an export base
To augment manpower in Bangalore R & D centre

Industrial growth slows down in 2005-06
NEW DELHI: Industrial growth has slowed down to eight per cent during 2005-06 as compared to 8.4 per cent in the previous fiscal. A drastic fall in the mining sector and a marginal dip in the manufacturing and electricity sectors were the main ...

Centre wants cement prices rolled back
A ban or cess on exports hinted; Nath asks for response by May 15

Other Stories



Barometer


Briefly
Intel CEO to visit India on May 23
NEW DELHI: Intel's Chief Executive Officer (CEO) Paul Otellini will arrive in India on a two-day visit on May 23. "This would be the first visit of Mr. Otellini to India after taking over as CEO from Craig Barret and second visit overall,'' a ...

Taiwan mulls FTA with India
NEW DELHI: Taiwan on Friday said it was looking at the possibility of a free trade agreement with India as part of initiatives to increase bilateral trade to $10 billion in the next few years from $2.4 billion in 2004, Taiwan's administrative ...

Inflation up
NEW DELHI: Wholesale prices-based inflation rose by 0.05 percentage point to 3.59 per cent during the week ended April 29 from 3.54 per cent a week ago owing to food items going dearer. ...

DLF files draft prospectus with SEBI
NEW DELHI: Real estate major DLF Universal on Friday filed its draft prospectus with the market regulator for an initial public offering to raise over Rs. 11,000 crore, making it the largest ever IPO in the country. ...

RBI clarification on OCBs
MUMBAI: The Reserve Bank of India on Friday clarified that overseas corporate bodies (OCBs) not being recognised as investors cannot be recognised as lenders in foreign currency or in ...

Unitech Board approves bonus and share split
MUMBAI: Unitech is issuing bonus shares in the ratio of 12 equity shares for every one equity share. The company is also sub-dividing the equity share of Rs. 10 each into five equity shares of Rs. 2 each. The company will be convening an ...

Blue Star recommends dividend and stock split
MUMBAI: Blue Star has recommended a dividend of Rs. 12 per equity share for the year ended March 31, 2006 against Rs. 10 per equity share. The company has informed the Bombay Stock Exchange that the company would also be sub-dividing the equity ...

Dhandapani Finance to divest stake
CHENNAI: The promoters of Dhandapani Finance have entered into an agreement to divest a part of their shareholding in Dhandapani Finance Ltd. to D. B. Zwim Mauritius, a part of D. B. Zwim & Co., a U.S.-based investment management fund investing

IDBI raises interest rate on Suvidha FD
CHENNAI: IDBI has decided to increase the interest rates on Suvidha fixed deposits of over one year tenor by 25-50 basis points. The new rates come into effect from May 15. As against the prevailing rate of 7.25 per cent, a 10-year FD of up to ...

IOB hikes PLR
CHENNAI: Indian Overseas Bank has increased the Benchmark Prime Lending Rate (BPLR) to 11.50 per cent from the existing level of 11 per cent. The increase in BPLR has come into effect from May 1, according to a bank ...

India Cements signs MoU with HP Government
MUMBAI: India Cements has signed a memorandum of understanding on May 11 with the Government of Himachal Pradesh for setting up a cement plant in Shimla district. The company informed the Bombay Stock Exchange that the project would have to be ...

Nagman gets recertification to ISO/IEC 17025
CHENNAI: Nagman, an NABL accredited calibration laboratory, has been recently re-certified to ISO/IEC-17025:2005 standard to meet all calibration needs of customers, including training and consultancy. Presently, Centre for Calibration (CFC) is ...




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