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IOC net up marginally
Loses on products but still in black

ITC net up at Rs. 2,235 crore
Non-cigarette businesses grow by 46 per cent in 2005-06

RBI draft fair practices code for NBFCs
Redressal mechanism to solve disputes to be put in place

Arcelor strikes deal with Russia's Severstal
Mittal Steel criticises the deal as `second-class combination'

Exports spurt 27 p.c.
Oil imports higher at $ 4.1 billion

`Consolidation by banks a must'
MUMBAI: Finance Minister P. Chidambaram on Friday said consolidation among Indian banks was a necessary, as they had to implement Basel II norms by March 31, 2007. The banking system needs Rs. 42,000 crore by March 31, 2007, to implement the ...

Salora signs pact with TEAC
Companies plan aggressive pricing of products

Other Stories



Barometer


Briefly
SEBI order on Karvy
MUMBAI: The Securities and Exchange Board of India on Friday issued a post-hearing restraint order pending enquiry on Karvy Stock Broking and Karvy Computer Share Pvt. Ltd. ...

NSDL's plea against SEBI order adjourned
MUMBAI: The Securities Appellate Tribunal (SAT) on Friday adjourned the plea filed by the National Securities Depository Ltd against the Securities and Exchange Board of India order pertaining to Yes Bank and IDFC IPO till June 9. ...

Inflation breaches 4-p.c.-mark
NEW DELHI: Higher prices of pulses, fruits vegetables and some manufactured products pushed up the wholesale price-based inflation by 0.36 per cent to 4.32 per cent for the week ended May 13 from 3.96 per cent in the previous week. ...

FLAG wins arbitration
NEW DELHI: Reliance Communications owned FLAG system has won a case against Tatas-owned VSNL in the International Court of Arbitration, which makes it eligible for upgrading capacity of international bandwidth, a move that could result in ...

VSNL appeal rejected
NEW DELHI: The Telecom Dispute Settlement and Appellate Tribunal on Friday dismissed the appeal of Videsh Sanchar Nigam Ltd. against the direction of the Telecom Regulatory Authority of India in the matter of service of calling cards for making ...

SIMA-CDRA receives award
COIMBATORE: The Southern India Mills' Association - Cotton Development and Research Association was awarded the Master of Achievement Award by the All India Human Rights Protection and National Integrity Cultural Academy for producing and ...

Sasi Advertising bags award
COIMBATORE: The Coimbatore-based Sasi Advertising has been chosen by the Radio and TV Advertising Practitioners' Association of India for National Excellence Award in television commercials category for its Tamil TV commercial titled "World AIDS ...

Shapoorji Pallonji to build Accra complex
MUMBAI: Construction major, Shapoorji Pallonji, is to build the Seat of Government and Presidential Complex at Accra, capital of Ghana. The Government of India has extended a line of credit of $30 million for the project, which is estimated to ...

Stone laid for Rane training centre
CHENNAI: A. Toyoshima, Managing Director, Toyota Kirloskar Motor Pvt. Ltd., laid the foundation stone for the Rs. 1,200-crore Rane Group's permanent training centre for its ten-year-old Rane Institute for Employee Development (RIED). The ...

City Union Bank revises deposit rates
CHENNAI: City Union Bank has revised interest rates on domestic term deposits. The new rates will be: 4 per cent for deposits of 15 to 45 days; 5 per cent (46 to 90 days); 6 per cent (91 to 180 days); and 6.5 per cent for deposits of 181 to less ...

RSPCL told to get pollution clearance
PANAJI: The Goa Government's High-power Project Clearance Committee (HPCC) has asked the Reliance Salgaoncar Power Company Ltd. (RSPCL), a subsidiary of Reliance Energy, to get examined from the Goa State Pollution Control Board its proposal to ...

Indo Asia Leisure plans expansion
CHENNAI: Indo Asia Leisure Services, a closely held company engaged in providing tours and travel services to inbound tourists, proposes to establish hotels at Jaipur and Humpi (Karnataka) and also to take on long-term lease three well ...

City Union Bank revises deposit rates
CHENNAI: City Union Bank has revised interest rates on domestic term deposits. The new rates will be: 4 per cent for deposits of 15 to 45 days; 5 per cent (46 to 90 days); 6 per cent (91 to 180 days); and 6.5 per cent for deposits of 181 to less ...

Goldstone Teleservices bags Rs. 6.5 crore orders
HYDERABAD: Goldstone Teleservices Ltd., a Hyderabad-based telecom accessories and power distribution products manufacturer, has received an order for 3,000 pieces of polymer insulators of 25 KV to be deployed in Indian railways replacing ...

Sierra Atlantic's solution for Toray Industries
HYDERABAD: Sierra Atlantic, a leading offshoring enterprise applications provider, will be rolling out an Oracle ERP implementation for Toray Industries, a major manufacturer of plastics, fibre and resin compounds in Malaysia. Following a ...

Karnataka Bank announces 30 per cent dividend
MANGALORE: The city based Karnataka Bank Limited has reported a net profit of Rs. 176.03 crore for the year ended March 2006 as compared to Rs.147.15 crore for 2004-05, a growth of 19.6 per cent. The bank has proposed a dividend of 30 per cent, ...




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