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Wednesday, May 12, 2004
Sensex sheds 230 points
MUMBAI, MAY 11. As the techno-savvy Chandrababu Naidu conceded defeat, yielding to the popular verdict in Andhra Pradesh, the stock market seems to have gone with the wind as well. The benchmark index crashed by 229.94 points to 5325.90 today, ...
Reliance Infocomm slashes STD tariff
CHENNAI, MAY 11.
Royal Sundaram premium income up
CHENNAI, MAY 11. Royal Sundaram Alliance Insurance Company Ltd. has reported, for the first time, a profit of Rs. 7 crores on a premium income of Rs. 262 crores for 2003-04. The premium income grew by 40 per cent last year, up from Rs. 187 crores ...
Rupee nosedives on frenzied demand
MUMBAI, MAY 11. The rupee nosedived to an over 3-1/2-month closing low of 45.40/42 a dollar today, as the ongoing political uncertainties and a resurgent dollar overseas, generated hectic demand for the U.S. currency and took a further heavy toll ...
Crucial Dabhol meet today
NEW DELHI, MAY 11. The IDBI-led consortium will meet foreign lenders tomorrow in London for taking over their outstanding dues in the troubled Dabhol Power project. The meeting assumes importance as foreign lenders may proceed for international ...
L&T Infotech- PeopleSoft pact
MUMBAI, MAY 11. Larsen & Toubro Infotech Ltd and PeopleSoft, a provider of enterprise application software, have joined hands to focus on the construction, manufacturing, financial services and telecom sectors. With the J D Edwards merger, ...
PNB's foray into Afghanistan
NEW DELHI, MAY 11. Punjab National Bank today obtained permission to start its operations in Afghanistan and plans to open offices in Dubai and Shanghai as well. The Afghanistan Government has authorised PNB to start banking operations through a ...
Bank of India joins RTGS services
MUMBAI, MAY 11. Bank of India today joined Real Time Gross Settlement (RTGS) services with interbank payments amounting to Rs. 197 croreS and 57 transactions. With the launch of the RTGS and the negotiated dealing system for settling ...
Catholic Syrian Bank opens ATM
COIMBATORE: The Chairman and Chief Executive of Catholic Syrian Bank, N. R. Achan, inaugurated an ATM at its Gandhipuram branch premises here on Tuesday. This is the fourth ATM of the bank in the city.
Machine tool workshop
BANGALORE: The Indian Machine Tool Manufacturers' Association is organising a two-day workshop on realising and maintaining process capability in metal-cutting machine tools on May 27 and 28 in Bangalore. Machine Tool manufacturers and user ...
Paradeep Carbon gets Nalco order
MUMBAI: Paradeep Carbon Ltd. (PCL), a 100 per cent subsidiary of Goa Carbon Ltd. (GCL), has won an annual order from National Aluminium Company (Nalco) to supply 30,000 tonnes of calcined petroleum coke (CPC) worth Rs. 36.90 crores. GCL is part ...
HLL opens Ayush therapy centre
MUMBAI: FMCG major Hindustan Lever on Tuesday launched its first Ayush therapy centre (ATC) in Mumbai, following the success of such centres in the south. The centre, which was inaugurated by Sunil Dutt, will provide personalised health advice ...
iLIANT, CBay form strategic alliance
NEW DELHI: iLIANT Corporation (`Iliant'), a leading provider of software, business outsourcing, and consulting services for physician practices, and CBay Systems (`Cbay'), a leading provider of healthcare business process outsourcing (BPO) ...
Fabindia launches Dubai outlet
DUBAI: Fabindia, India's leading retailer of traditional weaves and home furnishings, has launched its first Middle East outlet here. The Dubai showroom of Fabindia, which has 13 outlets in India and Rome, was opened by the Indian Consul General, ...
J & K Bank ties up with Bajaj Tempo
NEW DELHI: Jammu & Kashmir Bank on Tuesday announced a tie up with Bajaj Tempo for financing the company's three-wheelers and four-wheelers. Bajaj Tempo dealers will offer promotional incentives to the customers financed by J&K Bank, which ...
Goldstone Teleservices' plans
HYDERABAD: Goldstone Teleservices, which took to production of composite insulators for the power sector last year, is confident of consolidating its position this year with a healthy growth rate. M. V. S. R. Kamesam, Director, said at a press ...
Canara Bank's ATM
HYDERABAD: Canara Bank has opened one more ATM (cash point) at its Sanjeeva Reddy Nagar branch in Hyderabad. According to a release issued here on Tuesday, S. Jayaraman, General Manager, inaugurated it. This is the 19th ATM of the bank in the ...
Cyberabad launches security products
HYDERABAD: The Hyderabad based Cyberabad Exim announced the launch of its `safeguard' brand of security related products in the Andhra Pradesh market. These include wireless burglar alarm systems, wireless security cameras, audio/video door ...
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