Online edition of India's National Newspaper
Tuesday, May 25, 2004
Sensex soars 162 points
MUMBAI, MAY 24. The market welcomed the appointment of P. Chidambaram as Finance Minister and the Sensex soared 162 points at close even as operators and domestic financial institutions made hectic purchases following clear indications that the ...
Kamal Nath plans to expand G-20 role at WTO
NEW DELHI, MAY 24. The new Commerce and Industry Minister, Kamal Nath, plans to ensure that India takes an aggressive role in negotiations at the World Trade Organisation especially in the sensitive area of agriculture. Building on the Group of ...
Interest income on NRI deposits should be taxed: RBI panel
MUMBAI, MAY 24.Stressing that there are dangers of excessive short-term debt in the fast-changing global scenario, a Reserve Bank of India constituted internal group has recommended that interest income from NRI deposits may be taxed like ...
Phone companies told to simplify tariff displays
NEW DELHI, MAY 24. The Telecom Regulatory Authority of India (TRAI) has issued fresh directives to phone companies in order to make advertising of call rates more people-friendly. Today's order changes the specified format for phone companies to ...
HCL partners MS, Intel
NEW DELHI, MAY 24. Targeting the high-end segment, HCL Infosystems today launched an integrated digital entertainment system in partnership with Microsoft and Intel. The company targets to sell up to 7,000 units of the convergence product, ...
Warburg to pick up stake in Max India
MUMBAI, MAY 24. Max India will allot one crore equity shares of Rs. 10 each, representing 29.17 per cent of the share capital, to Parkville Holdings Ltd., a member of the Warburg Pincus group for a consideration of Rs. 200 crores. The board ...
Lotte-Parrys Confectionery deal
CHENNAI, MAY 24. Lotte Confectionery Company Ltd., Korea, today formally concluded its deal with the Murugappa group for acquiring Parrys Confectionery Ltd. This follows the completion of open offer procedures to other minority shareholders, says ...
SBI opens branch in Oman
DUBAI, MAY 24. State Bank of India today opened its second office in the Gulf in Oman after the Sultanate allowed it to start operations there in line with the WTO agreements. Hamoud bin Sanjour al Zidjali, Executive President of the Central ...
Roots ships horns to Ford
COIMBATORE: The Coimbatore-based Roots Industries shipped its first consignment of horns to Ford, the U.S, last week. According to a release from the company, about 20,000 horns were shipped last week. It has now set up an exclusive export ...
Seagate's service offerings
CHENNAI: Seagate Technology has announced further enhancement in service offerings through its SeaCare operation that offers Seagate hard drive users the ease and value of good service support. Indian users can, through its web-based warranty ...
Seminar on VoIP, 3G networks
MUMBAI: Hughes Software Systems Ltd (HSS) has informed the Bombay Stock Exchange that in keeping with its leadership in the VoIP and 3G solutions domain, the company will be organising an exclusive HSS seminar on `Strategies for successful ...
ABN Amro joins RTGS network
CHENNAI: ABN Amro has announced that it has connected and transacted over the Reserve Bank of India's Real Time Gross Settlement (RTGS) network for both inter-bank and customer payments. This enables bank customers to obtain significant benefits ...
Topsgrup to focus on South
CHENNAI: The Rs. 100 crore Topsgrup, a security solutions provider, is now looking at South as a thrust area for growth. With 25,000 security guards and 26 armoured trucks, it plans aggressive growth in the Cash Management System (CMS). Anil ...
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