Online edition of India's National Newspaper
Tuesday, November 07, 2006
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Online edition of India's National Newspaper Tuesday, November 07, 2006 ePaper |
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FM wants banks to re-balance credit`Ensure finance to productive sector' TCS to merge China operations Forms new joint venture with three Chinese companies and Microsoft MoU to promote technology partnerships NEW DELHI: The Union Ministry of Science and Technology and the Confederation of Indian Industry (CII) on Monday signed a memorandum of understanding to promote technology partner- ships between Indian industry and institutes and those abroad. ... Centre studying cut in petrol, diesel prices International oil prices have come down to $55 a barrel Other Stories
Barometer Briefly FDI proposals worth Rs. 250 cr. approved NEW DELHI: The Central Government on Monday approved 32 proposals, including the one by the U.S. entertainment major, Walt Disney Company, to launch a TV channel, which will collectively bring in foreign investments of Rs. 250 crore. ... Hexaware to acquire FocusFrame MUMBAI: Hexaware Technologies, a leading IT & BPO services provider, signed an agreement to acquire 100 per cent equity of FocusFrame Inc. in an all cash deal for $34.3 million. The acquisition is likely to close within six ... SEBI directive to Wealth Sea MUMBAI: The Securities and Exchange Board of India has directed Wealth Sea Pte. Ltd. to make a public offer to the shareholders of Falcon Tyres Ltd. and Dunlop India Ltd. within 45 days under the SEBI ... China's forex reserves hit $1 trillion BEIJING: China's foreign exchange reserves have reached one trillion dollars, state television said on Monday, citing the State Administration of Foreign Exchange. ... L. N. Mittal, new CEO of Arcelor Mittal BRUSSELS: Arcelor Mittal on Monday announced that Lakshmi N. Mittal was named chief executive of the reorganised steel giant with immediate effect, replacing Roland Junck. ... Abbott buys Kos Pharma NEW YORK: U.S. healthcare group Abbott Laboratories said on Monday it was acquiring Kos Pharmaceuticals for $3.7 billion to add cholesterol treatments to its business. ... SBBJ plans additional branch in Coimbatore COIMBATORE: : The State Bank of Bikaner and Jaipur (SBBJ) plans to open one more branch in Coimbatore and Tirupur this year. In a release from its Chief General Manager, M. Ramasamy, the bank proposes a regional office in Chennai. Of its 834 ... Office-bearers elected COIMBATORE: : The following have been elected office-bearers of the Indian Chamber of Commerce and Industry here for 2006-2008: D. Balasundaram — President, M. Krishnan, C. R. Swaminathan, Vanitha Mohan — Vice-Presidents, and R. R. ... Moser Baer's R & D centre gets Ministry's nod MUMBAI: Moser Baer India has announced that its in-house research and development centre has been granted recognition by the Ministry of Science and Technology. The efforts of the R & D centre have helped the company to ship out the HD DVD-R ... Natco widens agreement with Akom MUMBAI: Natco Pharma has announced addition of two injectable drug products to its existing API supply and margin sharing agreement with Akom of the U.S. With this agreement, the total number of products covered under the agreement goes up to ... Daimler unveils Mercedes-Benz E-Class MUMBAI: DaimlerChrysler India on Monday announced the launch of its new generation Mercedes-Benz E-Class in India. Some 2,000 parts in the E-Class are new or further developments. The debutant replaces its hugely popular predecessor, which had ... Lastech launches website for search in Tamil CHENNAI: Lastech Systems has launched a website www.tamilthedal.com which enables the Internet users to use the popular search engines such as Google and Yahoo for search in Tamil. The user can directly type the Tamil text to search using ... Sutlej Textiles net up 125 p.c. CHENNAI: Sutlej Textiles and Industries recorded a smart rise in its net profit at Rs. 11.28 crore in the three months ended September 30, 2006, as compared to Rs. 5 crore in the year-ago period. The turnover was higher at Rs. 184 crore against ... SolidWorks user group conference CHENNAI: Barry Wehmiller International Resources (BWIR) will host the first SolidWorks user group meeting in Chennai on November 8. SolidWorks is a leader in 3D CAD technology. BWIR is a SolidWorks manufacturing network partner and a SolidWorks ... City Square enters Chennai market CHENNAI: City Square Enterprises, a property development company that has promoted gated communities in Mumbai, Pune, Bangalore, Hyderabad and Coimbatore, is now developing two gated communities in Chennai - NRI's First City and NRI's Nest. ... WTO compatible export subsidy for pepper to continue KOCHI: The WTO compatible subsidy for export of yet another 9,000 tonnes of pepper and pepper products will be allowed on first come first-served-basis till March 2007, says a release from the Spices Board. The WTO compatible subsidy was ... Paramount Airways adds new destinations KOCHI: Paramount Airways, with the acquisition of the fifth Embraer aircraft, has added three more destinations, says a release. The new routes will connect Hyderabad and Bangalore, Hyderabad and Vizag, Bangalore and Hyderabad, and Coimbatore and ... AirTel's new handset bundle offer KOCHI: Bharti Airtel has introduced a new offer for its pre-paid customers in Kerala. The Motorola C 118 offer comes at Rs.1,499 and allows customers to make free local calls for 1,499 minutes with a validity of one year. Motorola C 139 offer ... Workshop on agenda for employment KOCHI: Kerala Management Association is organising a one-day workshop on developmental agenda for employment generation at Kochi on November 9. Experts, including Dilip Vellodi of Sutherland Global, Venu Krishnan of Leela group, Michael Tharakan ... Other Stories
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