Online edition of India's National Newspaper
Wednesday, July 28, 2004
No compromise on agriculture, India tells WTO
NEW DELHI, JULY 27.Taking a tough stand at the World Trade Organisation (WTO), India has categorically said that it would not compromise on agricultural issues as it would affect livelihood concerns of millions of farmers, most of whom were at ...
Another claimant for Birla's wealth
KOLKATA, JULY 27.The battle for control over M. P. Birla's Rs. 5,000 crore empire may intensify in the days ahead following reports that one of the long dead industrialist's nieces may stake a claim to the empire which has been bequeathed to R. ...
Foreign investment in mining approved
NEW DELHI, JULY 27.With the opening up of the mining sector to private and foreign investment, about Rs. 4,000 crores of foreign direct investment (FDI) has been approved for this sector, the Minister of State for Coal and Mines, Dasari Narayana ...
Jet Airways enhances frequent flyer programme
MUMBAI, JULY 27. Jet Airways has revamped its Frequent Flyer Programme-Jet Privilege (JP) to make it more appealing for its members. Jet has over four lakh members and claims that the new programme is radically different from programme models ...
Reliance net up 30 p.c. at Rs. 1437 crores
MUMBAI, JULY 27.Reliance Industries Ltd. has reported a net profit of Rs. 1,437 crores for the quarter ended June 30, 2004, up 30 per cent, compared to Rs. 1,104 crores for the corresponding period last year. The gross turnover improved by 21 per ...
Subex buys Alcatel arm
BANGALORE: Subex Systems has bought out the `fraud management product' of Alcatel for $3 million, in cash, the company's President and Chief Executive Officer, Subash Menon, told reporters here on Tuesday. In time, Subex expected Alcatel's 18 ...
BPL to transfer CTV business
MUMBAI, JULY 27. In a proposed joint venture, BPL will transfer its colour television business to the Japan-based Sanyo Electric Company for $80 million. The company's board also approved a proposal to invest up to $10 million in the share ...
Evening trading in commodities
MUMBAI, JULY 27.National Multi-Commodity Exchange of India Ltd., the country's first online de-mutualised commodity exchange, has introduced evening trading sessions with immediate effect. Under the new trading session, members would be able ...
Hewlett's new workstations
NEW DELHI, JULY 27.Hewlett Packard today unveiled three low-cost dual-processor workstations xw4200, xw6200 and xw8200 that offer increased power, reliability and support. The workstations are engineered to deliver scalable, ...
Adidas official joins IMG
MUMBAI, JULY 27. IMG, the world's largest sports, leisure and lifestyle management and marketing company, has announced the appointment of Harish Doraiswamy. In a newly created position, Mr. Doraiswamy will oversee Business Development for the ...
Special micro finance unit inaugurated
COIMBATORE: An Indian Bank special unit for micro finance (IBSUM) has been opened at the Pasur branch of the bank in the district. A bank release said that the District Collector, S. Kosalaraman, inaugurated the unit. He also distributed micro ...
Projects received from broiler units
COIMBATORE: State Bank of India, Coimbatore Zone, has received about 40 proposals for assistance under its Broiler Plus scheme during the last three or four days. The bank sources said these proposals were from Palladam and nearby areas. These ...
Camlin Pharma enters personal care segment
CHENNAI: Camlin pharma a division of Camlin has entered the personal care segment by launching `Repelmos', a mosquito repellent body spray. According to Sharmila Ranade, Medical Adviser, Camlin Pharma, the spray contains WHO and U.S. approved ...
OBC bonds under rating watch
NEW DELHI: With the Oriental Bank of Commerce (OBC) set to absorb the financially troubled Global Trust Bank, the Investment and Credit Rating Agency (ICRA) has placed the LAAA rating assigned to Tier II bonds of OBC under rating watch. According ...
Allianz Cornhill plans centre in Technopark
THIRUVANANTHAPURAM: Allianz Cornhill Information Services, the Indian subsidiary of the U.K.-based Allianz Cornhill Insurance plc., which is one of the world's leading financial service providers, has decided to set up its BPO operation in the ...
ICFAI College to offer MBA programme
KOZHIKODE: ICFAI National College (INC), Kozhikode, a constituent of ICFAI University, is offering a two year MBA programme with specialisations in marketing, finance, HRM and IT and systems. Talking to reporters here, the INC, Calicut Principal, ...
Electrolux to introduce new products
KOCHI: Electrolux India is to launch new refrigerators during the Onam season. According to Ajay Kapila, Vice President, sales and marketing, the company will display innovative products including Bijlee, claimed to be the first fridge that can ...
Oracle plans unit in Visakhapatnam
HYDERABAD: Oracle India, which has a development centre in Hyderabad, has agreed to consider establishing its next unit in Visakhapatnam. The suggestion to do so was made by the Chief Minister, Y. S. Rajasekhara Reddy, to Sekhar Das Gupta, ...
Visaka Industries net up 23 p.c.
HYDERABAD: Visaka Industries has commenced trial production of its expanded capacity in its synthetic blended yarn division. Commercial production would commence in September, a month ahead of schedule, said G. Vivekanand, Managing Director. ...
Entrepreneurs awareness seminar
HYDERABAD: The Andhra Pradesh State Financial Corporation (APSFC) will be holding `Entrepreneurs awareness seminar and business development campaign' at Vijayawada on July 30, covering Krishna, Guntur, Prakasam, and Khammam Districts, and Vizag ...
IOB loan for TCS public offer
CHENNAI: Indian Overseas Bank is extending loan up to Rs.10 lakhs to individuals for subscribing to the TCS initial public offer. The bank has tied up with Karvy Securities and DSP Merrill Lynch for marketing the scheme. The application for the ...
New Chairman for NIPM Chennai chapter
CHENNAI: S. Rajappan has been elected as Chairman of National Institute of Personnel Management, Chennai Chapter, for 2004-06, says a release from the ...
Mangalore Chemicals net up
MANGALORE: The first quarter total income of Mangalore Chemicals and Fertilisers has doubled to Rs. 151.35 crores. The operating results for the quarter has registered a net profit before tax of Rs. 1.17 crores against a net loss of Rs. 1.94 ...
Vibank Housing shifts branch
MANGALORE: The local branch of Vibank Housing Finance Ltd., a subsidiary of Vijaya Bank, will be shifted to new premises at Kanachur complex, Kankanady by-pass road, here on Thursday. The branch is at present operating at its Light House Hill ...
FCG to build software for Witness Systems
BANGALORE: FCG Inc., an US based software development firm is setting up a software development centre in Bangalore, for another Atlanta based software product firm Witness Systems, to build a software application that will record calls in a call ...
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