Online edition of India's National Newspaper
Wednesday, June 07, 2006
IBM to invest $6 billion
Plans new delivery service centres, telecom research unit
Sensex plunges below 10000
MUMBAI: A rush of selling by investors at the eleventh hour shaved off 256 points from the stock market, sending the barometer index toppling down to below 10000-level, less than a month after touching a peak of 12671.11. The Sensex overcame ...
India may scale down offer on services
`Satisfactory offers had not been received from India's partners'
Vision to boost leather exports three-fold
To create a million new jobs; scope for enhancing women employment
Views on Cable TV Act amendments sought
NEW DELHI: The Telecom Regulatory Authority of India (TRAI) on Tuesday sought the comments of all stakeholders on the proposed amendments in the Cable Television Networks (Regulation) Act, 1995, and the existing telecom licences for facilitating ...
Natco launches new drug
HYDERABAD: Natco Pharma has launched Ibandronate Sodium in tablet and injection forms in the markets. Carrying the brand name Bandrone, the new drug is meant for use in the treatment of metastatic bone disease and elevated serum and calcium ...
Damodaran is IOSCO panel Chairman
MUMBAI: M. Damodaran, Chairman, Securities and Exchange Board of India has been elected Chairman of the Emerging Markets Committee of the International Organisation of Securities Commissions (IOSCO) at its annual conference in Hong Kong. ...
LG hikes refrigerator prices
NEW DELHI: LG Electronics India Pvt. Ltd. (LGEIL) on Tuesday announced a six per cent hike in prices on all models of its refrigerators in the direct cool and frost free categories, owing to increase in the prices of raw material, mainly steel ...
U.K. clamps down on PSE wage costs
LONDON: Britain's finance chief Gordon Brown said on Tuesday that public sector wage rises will be capped at 2 per cent for the next three years, a measure aimed at helping the government meet inflation targets. ...
TimesofMoney launches e-Wallet
MUMBAI: TimesofMoney has launched a new product, Wallet365.com. Amitabh Bachchan launched this service at a press conference here on Monday. Wallet365.com enables secure electronic payments between people and businesses easily and instantly. ...
MCX and NYMEX forge licensing agreement
CHENNAI: The Multi Commodity Exchange of India (MCX) and New York Mercantile Exchange (NYMEX) have entered into an exclusive licensing agreement in India for launching mini-NYMEX energy contracts on MCX. Sharad Pawar, Minister for Agriculture, ...
Ace Micromatic group's plans
CHENNAI: Ace Micromatic group, a leading machine tool group, will be setting up a technical training centre in Chennai. The group has already established two such centres, one each in Pune and Delhi. Addressing presspersons here on Tuesday, T. K. ...
IOB hikes interest rates on term deposits
CHENNAI: Indian Overseas Bank (IOB) has, with effect from June 1, made upward revision in interest rates on domestic and NRO term deposits with maturity period of 91 days and above. The rates are: 3.5 per cent for 7 days to 14 days (for deposits ...
Bharat Overseas Bank hikes deposit rates
CHENNAI: Bharat Overseas Bank has revised the deposit rates upwards with effect from June 1 for deposits maturing less than a year. For deposits of 46 days to 90 days, the bank will offer 5.75 per cent and for 91 days to 179 days, the bank will ...
TMB increases NRE, FCNR (B) rates
CHENNAI: Tamilnad Mercantile Bank has hiked the interest rate by 10 basis points for all maturity periods on its non-resident external (NRE) term deposits over the previous month rates. Now the rate of interest for NRE term deposits for one year ...
Railways bags IT implementation award
MUMBAI: PC Quest adjudged Indian Railways Freight Operations Management System the overall best project in the IT implementation awards for 2006. The other winners of PC Quest's Best IT Implementation Awards 2006 included Food Corporation of ...
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