Online edition of India's National Newspaper
Wednesday, June 06, 2007
Reliance's Gurgaon SEZ project gets nod
SAIL cuts steel prices
NEW DELHI: Steel Authority of India Ltd. (SAIL) on Tuesday announced reduction in prices of various products by up to Rs. 300 a tonne. The company has also cut prices of pig iron, a major input for steel making, by up to Rs. 500 a tonne. ...
Alok Misra becomes CMD of OBC
MUMBAI: Alok Kumar Misra has been appointed Chairman and Managing Director of Oriental Bank of Commerce. Prior to this appointment, he was Executive Director of Canara Bank. ...
Narayanasami is BoI CMD
MUMBAI: T. S. Narayanasami has taken over as the Chairman and Managing Director of Bank of India (BoI). Prior to the appointment, he had worked as Chairman and Managing Director of Andhra Bank and Indian Overseas Bank, a release said here on ...
Alcan acquires 76 p.c. in Alukbond India
MUMBAI: Canadian aluminium maker Alcan Inc, which recently rejected a takeover bid by U.S. rival Alcoa, on Tuesday said it had acquired 76 per cent in Alukbond India for less than $50 ...
Amtek Auto buys U.K.-based co.
MUMBAI: Auto ancillary company Amtek Auto on Tuesday said it acquired the U.K.-based J L French's (Witham) Ltd. for an undisclosed amount to expand its customer base and product portfolio. ...
Veritaz Health set to enter Western States
CHENNAI: : Veritaz Healthcare, a Hyderabad-based pharmaceutical company is launching its brands in all Southern and Western States this month. This will be followed by the launch in North India. The company has acquired all the brands of Citadel ...
UTI Dividend Yield Fund declares 8 p.c.
MUMBAI: UTI Dividend Yield Fund has declared a tax-free dividend of 8 per cent (80 paise per unit on a face value of Rs. 10) with June 8 fixed as the record date. Besides, investors who join the dividend option of the scheme on or before the ...
F-Secure ties up with S.V. Electronics
CHENNAI: : F-Secure, an anti-virus solutions provider, has announced a distribution agreement with Hyderabad-based S.V. Electronics, an IT distributor. With over 85 channel partners, S.V. Electronics would ensure the smooth distribution of ...
GMR Energy inks MoU with Chhattisgarh govt.
CHENNAI: : GMR Energy, the holding company for the GMR Group's energy business and a subsidiary of GMR Infrastructure, has signed a memorandum of understanding (MoU) with the Government of Chhattisgarh for the implementation, operation and ...
25 p.c. dividend from Sagar Cements
HYDERABAD: Sagar Cements earned an income of Rs. 112.82 crore in 2006-07 against Rs. 76.22 crore in the previous year, recording a growth of 48 per cent, according to a release. The profit after tax, on a consolidated basis, increased to Rs. ...
Central Bank raises NRE, FCNR (B) rates
CHENNAI: Central Bank of India has raised the interest rates on NRE and Foreign Currency Non-Resident (B) deposits across all maturities with effect from June 1. For NRE deposits of one year to less than two years the new rate is 5.39 per cent ...
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