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Thursday, July 08, 2004
Economy needs 10 p.c. industrial growth
NEW DELHI, JULY 7.The Economic Survey for 2003-04 has described the need to devise strategies to raise industrial growth to over 10 per cent as one of the most important challenges of the country's economy policy. Highlighting the fact that ...
U.S. imposes anti-dumping duties on shrimp imports
WASHINGTON, JULY 7.Ignoring strong objections from the restaurant associations and importers, the U.S. Department of Commerce has on Tuesday imposed tariffs on shrimp imports from China and Vietnam, saying a preliminary probe indicated that the ...
Market cautiously optimistic
<167,4.3p,1>On Tuesday when the Railway Budget was presented the stock indices (Sensex) moved up smartly by 85 points and the Nifty by 32 points. On Wednesday when the Economic Review was unveiled the market was generally buoyant but in the end ...
Teledata to buy stake in Singapore firm
NEW DELHI, JULY 7. The Chennai-based Teledata Informatics today said that it would acquire 21.14 per cent equity stake in Teledata Marine Systems Pte. Ltd (TMSPL) funded by the Economic Development Board of Singapore. The Economic Development ...
Discovery Fund from Prudential ICICI
MUMBAINEW DELHI, JULY 7.JULY 7. Prudential ICICI AMC today announced the launch of Discovery Fund, an open-ended scheme, which "will invest in companies that are available at a discount to their intrinsic value. The initial public offer (IPO) is ...
M & M assembly line in Uruguay
MUMBAINEW DELHI, JULY 7.JULY 7. Mahindra & Mahindra has opened an assembly line in Uruguay which it hopes to be a launch pad for its entry into other Latin American markets. The Uruguayan plant would import completely knocked down (CKD) units ...
U.K. preferred choice
CHENNAINEW DELHI, JULY 7.JULY 7. The U.K. has been the preferred destination for many Indian business houses in Europe. The investment by them in the U.K. has increased by 47 per cent in 2003-04 over the pervious year. During the same period 28 ...
BSE Foundation Day
NEW DELHI, JULY 7.MUMBAI: The Bombay Stock Exchange is celebrating 130th Foundation Day on July 9. To mark the celebrations, the BSE is organising a seminar on "Indian Corporates: Winning the World" at 10 a.m. on July 9. On this occasion, the BSE ...
Vedanta Chairman quits
LONDONNEW DELHI, JULY 7.JULY 7. Indian-owned metal group Vedanta Resources' Chairman, Brian Gilbertson, has quit after a boardroom row, but he walked away with a whopping 6.5 million pound sterling from his six months' work for the group. The ...
SBI's personal banking branch
COIMBATORE: A personal banking branch of State Bank of India has been opened in Ramnagar here. The branch has core banking network, Internet banking, safe deposit lockers and 24-hour ATM. It will function from Tuesday to Sunday with weekly ...
COIMBATORE: The Apparel Export Promotion Council has appealed to the Union Ministry of Textiles to withdraw immediately its notice regarding stopping transfer of quota of some sensitive categories under the past performance entitlement (PPE) and ...
PeopleOne opens office
COIMBATORE: PeopleOne Consulting, a leading HR solutions company, has launched its operations here. By opening its branch here, corporates and industries would be able to avail of services for executive search, recruitment, temporary staffing and ...
SBI's personal banking branch
CHENNAI: Ford Motor Company has awarded its highest supplier honour, the World Excellence Award (Silver) to Amara Raja Batteries, recognising it as one of its top suppliers for 2003. The award provides annual recognition based on quality, cost ...
Servion bags order
NEW DELHI: Servion Global Solutions, a global provider of business response solutions, has bagged an order from E2E SerWiz Solutions Pvt. Ltd., a wholly owned subsidiary of Tata Sons Ltd., to design and implement business response solutions for ...
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