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Tuesday, March 16, 2004
Centre mops up Rs. 15,400 cr. from six issues
NEW DELHI, MARCH 15.The Union Government has ultimately mopped up Rs. 15,400 crores from the disinvestment process in the current financial year, as much as Rs. 900 crores more than the target set in the budget. The biggest chunk of this amount ...
FDI proposals worth Rs 530 cr. approved
NEW DELHI, MARCH 15.The Government today approved 28 foreign direct investment proposals worth about Rs. 530 crores including the Rs. 456 crore proposal of strategic investors and foreign financial institutions to hike stake in Gujarat Pipavav ...
Sensex tumbles 180 points in late sell-off
MUMBAI, MARCH 15. A virtual meltdown in share values sent the benchmark crumbling down by a whopping 179.74 points to close at 5520.66 on the Bombay Stock Exchange here today, pulled down by frenzied selling towards the fag end of business, ...
GM India to roll out `New Age' Chevrolet MUV
NEW DELHI, MARCH 15.General Motors India plans to launch a `New Age' big family car under its growingly popular Chevrolet brand in the second quarter of 2004. According to an announcement made in this regard, the company says that this spacious ...
1:1 bonus from Marico
NEW DELHI, MARCH 15.The consumer goods maker Marico Industries today said it would issue bonus shares in the ratio of one share for every share held, marking its second equity bonus issue in less than a year. The previous bonus issue was in April ...
U.S. FDA nod for Ranbaxy
NEW DELHI, MARCH 15.Ranbaxy Laboratories Ltd (RLL) today said it has received tentative approval from the U.S. Food and Drug Administration to manufacture and market Quinapril Hydrochloride tablets, indicated for the treatment of hypertension. ...
Alcatel, ITI join hands
NEW DELHI, MARCH 15.The French telecom major Alcatel and state-owned ITI today said they would deploy in the Indian market direct subscriber lines that would help operators roll out high quality broadband services. Alcatel, the world leader in ...
BPL Mobile's gesture
MUMBAI, MARCH 15.After Airtel, BPL Mobile is to introduce a `Goodwill Pack' enabling roaming free to Pakistan from tomorrow following the Centre's decision to allow the facility for four months. The pack, available till April 17, would allow ...
Ram Informatics pact with KAFA consortium
CHENNAI: Ram Informatics has informed the Bombay Stock Exchange that the company has signed a contract on March 9, with KAFA consortium in Iran for jointly executing a software project valued at $400,000 for the Ministry of Foreign Affairs (MFA) ...
Bank of Baroda ties up with Punjab Tractors
MUMBAI: Bank of Baroda has unveiled a slew of new initiatives to prop up farm sector lending. To add to the initiatives, a memorandum of understanding (MoU) was signed between the bank and Punjab Tractors. Under a special farmer friendly scheme ...
Zydus Cadila to launch Nucoxia
CHENNAI: Zydus Cadila will be launching Etoricoxib, a new generation pain relieving therapy under the brand name Nucoxia. The drug is the second-generation drug among the Cox II inhibitors, which has been used increasingly in the treatment of ...
Steel Traders Association plea
HYDERABAD: The Steel Traders Association of Andhra Pradesh has appealed to the Rashtriya Ispat Nigam (RINL-Vizag Steel Plant) management to abolish sale of steel to long term contractors and instead establish marketing outlets at Hyderabad, ...
Green Thumb Garden's plans
HYDERABAD: Green Thumb Garden care, which makes ready-to-use organic and eco-friendly garden care products, will be launching a premixed and sterilised soil called `Instasoil' next month. It is also developing a range of organic and gladua ...
Cholomandalam to expand presence in M.P.
INDORE: Cholamandalam Financial Service Group, a non-banking finance company, plans to strengthen and expand its presence in Madhya Pradesh with a target to achieve leadership position as an integrated financial services provider in the region. ...
EPCH plans global marketing project
NEW DELHI: Enthused over a 20 per cent growth in handicrafts exports during April-February 2003-04, the Export Promotion Council (EPCH) has planned a global marketing project including opening showrooms in the U.S. and Europe. The project would ...
Mercator bags BG Exploration contract
CHENNAI: Mercator Lines has informed the Bombay Stock Exchange that the company has been awarded a contract by BG Exploration and Production Pvt. Ltd., Mumbai, for charter hire of a vessel for five years. The vessel will be deployed as storage ...
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