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Wednesday, March 17, 2004
Too many IPOs may trigger bearish tendencies: NCAER
NEW DELHI, MARCH 16.The National Council of Applied Economic Research (NCAER) has warned that too many IPOs in a short period could trigger bearish tendencies even as the Government exceeded its disinvestment target by Rs. 900 crores mainly ...
FICCI seeks cut in farm export subsidies
NEW DELHI, MARCH 16.Even as negotiations for the agreement on agriculture have begun at the World Trade Organisation in Geneva, an apex industry chamber has urged developed countries to initially reduce export subsidies on products of special ...
Bajaj Hindustan to expand capacity
MUMBAI, MARCH 16. Bajaj Hindustan (BHL) is increasing its capacity to 31,000 tonnes crushed per day (tcd) from 24,000 tcd. The per tonne capital cost of the company is Rs. 1.28 lakhs. In the highly fragmented Rs. 25,000 crore sugar industry, ...
Economic advisor for more R&D spending by companies
NEW DELHI, MARCH 16. The Economic Advisor to the Prime Minister, S. Narayan, urged the industry to incorporate greater focus in research and development. "The balance sheets of the companies suggest that the total spend on R&D is not enough. ...
Amtek Auto to buy stake in GWK
MUMBAI, MARCH 16.Amtek Auto is to acquire the entire equity stake of holding company of the U.K.-based GWK Group for five million pounds. With this acquisition, Amtek would acquire 85 per cent equity stake of GWK Group, the company informed ...
Kinetic Nova to enter Europe
NEW DELHI, MARCH 16.Sounding a note for increasing global acceptance of Indian two wheelers, leading scooter manufacturer Kinetic Motor Company has drawn up its plan to enter the European markets with its four stroke popular scooter Kinetic ...
ICICI Prudential hikes capital
NEW DELHI, MARCH 16. ICICI Prudential Life has hiked its capital by Rs. 50 crores to Rs. 675 crores in view of booming business. Hiking the capital for the ninth time since its inception in December 2000, the 74:26 joint venture between ICICI ...
MUMBAI, MARCH 16.Standard Chartered Bank today launched GlobeInvest, the one stop platform for international investment opportunities. GlobeInvest brings the bank's expertise in evaluating international mutual funds across various geographies ...
RBI data on ECBs
CHENNAI: With a view to facilitating greater transparency, the Reserve Bank of India is furnishing information relating to external commercial borrowings (ECBs) under automatic and approval routes on a monthly basis. Indian Hotels Company will be ...
Intrex launches ITZ Cash
CHENNAI: Intrex India, an Essel group company, announced the launch of ITZ Cash, a multi-purpose pre-paid card in Hyderabad. ITZ Cash enables consumers to conveniently shop online, buy Internet connection packages, and play online games. ...
Nestle net up 30.5 p.c.
NEW DELHI: Nestle India has achieved a growth of 30.50 per cent in net profit at Rs. 263.08 crores for 2003. Net sales were higher by 11.4 per cent at Rs. 2,279.83 crores. After adjusting non-comparable/exceptional items under several heads, the ...
UTI Bank pact with LIC
CHENNAI: UTI Bank has signed an agreement with Life Insurance Corporation of India to offer the policyholders of the latter to pay their premiums through UTI Bank ATMs, maintaining savings or current account with the bank. This service will be ...
Kotak reduces entry age for preferred plan
CHENNAI: Om Kotak Mahindra Life Insurance has reduced the entry age for Kotak Preferred Term Plan to 18 years from 25 years. The plan offers lower premium rates to people who meet the `preferred lives' criteria for non-tobacco-consuming men and ...
Lord Krishna Bank's plans
KOZHIKODE: The insurance scheme jointly offered by ICICI Prudential and Lord Krishna Bank was launched at a meeting of the bank's customers here on Saturday last. The bank's Deputy General Manager, G. Reggunathan Nair, who inaugurated the ...
Good response to LG's scheme
KOZHIKODE: LG's new scheme, `LG Cup Uthao, Shandaar Inaam Pao', has evoked enthusiastic response in Kerala, a spokesman for LG Electronics India Pvt. Ltd, said here on Tuesday at a function held to handover a LG mobile phone set to Vima ...
Hutchison Essar's offer
HYDERABAD: Hutch customers can now personalise their mobile numbers! Whether it's the date of birth or anniversary or vehicle number, new subscribers can personalise their number by asking for such numbers. To avail this facility, new prepaid ...
Dhanalakshmi Bank's ambitious plans
HYDERABAD: Dhanalakshmi Bank has chalked out ambitious expansion plans in a conscious effort to go beyond the State of Kerala where it was established in 1927. While it had just two branches in Andhra Pradesh (Hyderabad and Vijayawada) for 25 ...
FLO's business consultancy cell
HYDERABAD: The Hyderabad chapter of FICCI Ladies Organisation (FLO) has started a `Business Consultancy Cell', which will serve as a single window stop for all information on diversified statutory compliances, procedures and obligations. It will ...
eFunds' third facility
NEW DELHI: eFunds International (India) Pvt. Ltd., a leading provider of global outsourcing, risk management, electronic payments and ATM solutions, today announced the opening of its third facility in Mumbai at Fairmount, Powai. This facility ...
Infineon to double workforce
BANGALORE: Infineon Technologies India Pvt. Ltd. planned to double its headcount in its Bangalore centre to about 400 this year, a top company executive said on Tuesday. The Bangalore centre's core activities relate to software development for ...
Country President for Motorola India
NEW DELHI: Motorola Inc. has announced the appointment of Amit Sharma, Vice-President, Motorola Inc., as Country President, Motorola India Private Limited. Mr. Sharma has been a member of Motorola's Asia-Pacific Management Board since 1996, and ...
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