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Thursday, April 12, 2007
14 suitors for buying stake in IFCI
NEW DELHI: Around 14 funds and institutions, including eight from overseas, have shown interest in buying a strategic stake in IFCI, with a few even ready to pick up 51 per cent equity, PTI reports quoting market ...
Reliance Capital enters retail broking
MUMBAI: Reliance Capital on Wednesday announced its foray into the brokerage business through Reliance Money which will offer the `fixed' flat fee structure. The company said it would offer highly competitive rates based on the flat fee ...
HM declares work suspension
KOLKATA: Hindustan Motors Ltd. (HML) declared `work suspension' at its Uttarpara unit on Wednesday after a nearly month-long labour unrest. The company said the law and order at the plant continued to be disconcerting and a small group of ...
Motorola launches new handset
NEW DELHI: : Motorola Inc. on Wednesday announced the launch of its new handset, W205, which comes with 65K colour display. Priced at Rs. 2,449, the 14.9 mm slim handset supports a large internal phonebook with a capacity to store up to 500 ...
NSSO to organise training programme
NEW DELHI: : The National Sample Survey Organisation (NSSO), the data collection agency under the Ministry of Statistics and Programme Implementation, is organising a two-day `All-India Training of Trainers' for the 64th Round of NSS. The event ...
PNB increases BPLR by 75 basis points
NEW DELHI: Punjab National Bank on Wednesday announced its decision to raise its BPLR by 75 basis points from 12.25 per cent annually to 13 per cent annually effective from April 16 to protect its `net interest margin' and to protect shareholders ...
IOB raises BPLR to 13.25 p.c.
CHENNAI: Indian Overseas Bank has increased its Benchmark Prime Lending Rate (BPLR) to 13.25 per cent from 12.50 per cent with effect from April 9. According to a release, the existing and fresh individual educational and housing loans are exempt ...
iGATE Global revenue up 27 p.c.
BANGALORE: iGATE Global Solutions has reported 26.6 per cent increase in its revenue at Rs. 805.10 crore in the year ended March 31, 2007, against Rs. 635.80 crore in the previous year. The net profit has risen sharply to Rs. 49.80 crore from Rs. ...
Mastek's quarterly revenue up 20 p.c.
CHENNAI: Mastek, a leading IT solutions player, has reported a total income of Rs. 214.80 crore for the January-March 2007 quarter, an increase 19.7 per cent over the corresponding quarter last year. Contribution from the U.S. operations posted ...
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