Online edition of India's National Newspaper
Thursday, February 12, 2004
Insurance: RBI relaxes norms for NBFCs
MUMBAIMUMBAI, FEB. 11. TFEB. 11.he Reserve Bank of India has permitted non-banking finance companies registered with it to take up insurance agency business on fee basis and without risk participation and the need to seek the bank's approval. ...
Futures trading in cardamom takes off
KOCHI, FEB. 11. Foreign institutional investors are making serious enquiries about the multi-commodity exchanges and are likely to enter trading, said Navin B. Chawla, Secretary, Union Ministry of Consumer Affairs, here today. He was talking to ...
Honour for Ratan Tata
BEIJING, FEB. 11. In a rare honour, the Chairman of Tata group of companies, Ratan Tata, was today made honorary economic advisor to the booming east Chinese city of Hangzhou. The title was conferred on Mr. Tata when he called on the mayor of ...
iSoft to expand India operations
CHENNAI: The U.K-based application provider for hospitals and healthcare company, iSoft Group plc., will be investing $100 million in its India operations over the next three years. The funds will be used to increase the staff strength, expand ...
Petronet ties up $550 m loan
NEW DELHI, FEB. 11.India's first liquefied natural gas importer, Petronet LNG Ltd., today tied up Rs. 1,804 crore loan for its $550 million Dahej LNG import and regassification terminal, which earlier this month received its maiden cargo of LNG ...
MUMBAI: i-flex solutions has informed the Bombay Stock Exchange on Wednesday that its flagship product suite Flexcube has set a new record for scalability of a core banking solution. The product has now become the first core banking solution in ...
Nicholas to set up subsidiary in U.S.
MUMBAI, FEB. 11. Nicholas Piramal India is to set up a wholly-owned subsidiary in the U.S. to tap the market and facilitate partnerships. The Mumbai-based pharma major was establishing the subsidiary in the U.S., primarily to facilitate custom ...
Western Union ties up with Vijaya Bank
NEW DELHI: Western Union Financial Services Inc., a global leader in money transfer services, today announced its tie-up with Vijaya Bank to provide inbound money transfer services. The Western Union money transfer service will be available at ...
Zee plans $100 m bond issue
MUMBAI, FEB. 11. Zee Telefilms is to raise up to $100 million through external commercial borrowings (ECBs) by the end of the current fiscal to fund its equipment upgradation plans. The company board today approved the proposal to raise long term ...
AMP Sanmar's plans
CHENNAI: AMP Sanmar Life Insurance Company is looking at expanding in new markets and products. The company plans to venture into new markets in the west and north and the business is expected to grow in 2004 with 22 branches added. It is ...
Garmentech Bangladesh 2004
CHENNAI: ZAK Trade Fairs and Exhibitions has announced Garmentech Bangladlesh, a complete apparel and textile technology exhibition to be held in Bangladesh between February 13 and 16 at Dhaka. The event will be held at Bangladesh-China ...
Pantaloon's pact with Arvind brands
MUMBAI, FEB. 11.Pantaloon Retail (India) has forged a strategic exclusive alliance with Arvind brands for distributing the latter's Ruf-n-Tuf brand jeans through its store-network. The Ruf-n-Tuf brand jeans would be available at Big Bazaar ...
SAIL Director (Commercial) assumes charge
NEW DELHI: S. K. Roongta has been elevated to the post of Director (Commercial), Steel Authority of India on February 5. Prior to this he was heading the flat products division of SAIL's marketing wing, Central Marketing Organisation, as ...
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