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Tuesday, June 13, 2006
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Telcordia to make Chennai its hub
Will continue partnership with system integrators

G-8 fear U.S. deficit may derail global growth
Call for investment in search for new energy sources

Arcelor says `no' to Mittal's new terms
Asks shareholders to support deal with Severstal

SAT stays SEBI order for revamp of NSDL
"We have nothing to say,'' NSDL official says

Air-conditioner prices set to go up
Escalation in input costs cited as reason

MKCL plans stock listing
MADURAI: Maharashtra Knowledge Corporation Limited (MKCL), a public limited company engaged in design, development and delivery of e-learning/e-governance, is planning to get listed on the bourses. The Maharashtra Government and ten ...

RBI directive to banks on BIS code
Canara Bank fined for defaults

LGEIL plans new unit for washing machines
Will concentrate on manufacturing range using `Direct Drive' technology

SEZ Board nod for 17 companies
NEW DELHI: The Board of Approvals for Special Economic Zones is believed to have given clearance in principle for 17 companies to set up such zones including Tata Consultancy Services, Infosys and Essar. Official sources say the Board's ...

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Barometer


Briefly
Big five vie for BSNL's GSM tender
NEW DELHI: Nokia, Ericsson, Motorola, Siemens and ZTE are in the race to get a slice of the GSM tender, floated by BSNL for 45.5 million lines, involving an investment of about Rs. 21,000 crore. ...

Industrial growth perks up in April
NEW DELHI: Healthy growth in the manufacturing sector pushed up industrial growth in April to 9.5 per cent from 8.1 per cent in the same month last year. ...

Stanchart raises home loan rates
MUMBAI: Standard and Chartered Bank on Monday revised upwards by 50 basis points its home loan interest rates (fixed and variable). The revised rates would become effective for existing customers from July, while for new customers it will ...

Deccan, Unity Infra slip below IPO price
MUMBAI: Shares of Deccan Aviation, which listed on the stock exchanges on Monday, plunged nearly 35 per cent below its issue price of Rs. 148 a share. Unity Infraprojects, which was also listed, also dropped more than 30 per cent below its ...

Asian Paints to offload stake in Philippines co
MUMBAI: Asian Paints on Monday said its subsidiary Berger International Ltd (BIL) has decided to sell its entire 30 per cent stake in Philippines-based Dutch Boy Philippines Inc. ...

Ericsson to sell defence unit to Saab
STOCKHOLM: Wireless equipment maker LM Ericsson said on Monday it had agreed to sell its defense business, Ericsson Microwave Systems AB, and its 40 per cent holding in Saab Ericsson Space to Swedish defence and aerospace company Saab AB for a ...

Dr. Fixit Centre opened in Coimbatore
COIMBATORE: Dr. Fixit Centre, an initiative by Pidilite Industries Ltd., has been opened in Coimbatore with a range of construction chemicals and water proofing products. The company has nearly 100 Dr. Fixit Centres across the country, according ...

Apollo Hospitals pays Rs. 4.50 per share
CHENNAI: Apollo Hospitals Enterprise Limited has recommended a dividend of Rs. 4.50 per share. The company has registered a net profit of Rs. 60.20 crore for the year ended March 31, 2006, against Rs. 49.20 crore in 2004-05. The total income has ...

Ciba Specialty JV with Virchow Drugs
MUMBAI: Ciba Specialty Chemicals has approved the joint venture with Virchow Drugs Pvt. Ltd. (Virchow), a company based in Hyderabad, for manufacture of specialty chemicals. The company will invest Rs. 8.3 crore in the equity shares of Virchow ...

Strides Arcolab forms JV with Turkish firm
MUMBAI: Strides Arcolab has informed the stock exchange that the company and Abdi Ibrahim, Turkey's largest pharmaceutical company, has signed a 50:50 joint venture agreement to introduce a range of specialty pharmaceutical products developed by ...

New Vice-President for TalentPro India
CHENNAI: TalentPro India, a leading people resources provider, has announced the appointment of S. Raghavan as Vice-President-Finance. Mr. Raghavan will be heading the finance, legal and secretarial functions at TalentPro. Prior to joining ...

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