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Tuesday, July 27, 2004
`Global Trust depositors will be safeguarded'
NEW DELHI, JULY 26.Oriental Bank of Commerce (OBC), which is all set to absorb the financially-troubled Global Trust Bank (GTB) soon, has assured all depositors of the GTB that they would get their money back as there was enough liquidity with ...
Gande welcomes RBI's swift move
HYDERABAD, JULY 26. While Global Trust Bank's Managing Director, Sudhakar Gande, feels that he has fulfilled the mandate given to him over two years back, it is the 1.60 lakh investors in the high profile private bank who may end up as losers. ...
Hutch ties up with Citibank for mobile commerce
NEW DELHI, JULY 26. Cellular operator Hutch today announced a tie-up with Citibank and MasterCard International to launch co-branded debit and credit card offering mobile commerce capabilities to Hutch customers. The Hutch Citibank credit card ...
Workshop on "agri clinic scheme"
COIMBATORE: A workshop was conducted here recently by the Indian Bank, Coimbatore circle, in co-ordination with the Tamil Nadu Agricultural University for those trained in agri-business management. A release from the bank said that inaugurating ...
JCB organises Tow and Show
COIMBATORE: JCB India Limited, a leading earthmoving equipment manufacturer, on Monday conducted its "Tow and Show" here to demonstrate and explain to its customers the features of its 3D Super and 4D backhoe loaders. Its Chief Manager ...
Productivity Council office bearers
COIMBATORE: The following were elected office-bearers of the Coimbatore Productivity Council for 2004-05 at its annual general meeting held here recently. R. Vellingiri (Managing Partner, Rangavele Industries) President, P. K. Natarajan ...
PNB Housing's plans
CHENNAI: PNB Housing Finance has aggressively started marketing its housing loan products in Chennai. Addressing a press conference here on Monday, the Managing Director, K. G. Sathyasingan, said PNB Housing was providing long-term housing loans ...
Vijaya Bank first quarter net up
BANGALORE: Vijaya Bank reported a net profit of Rs. 97.55 crores for the three months to June 30, 2004, a 21 per cent increase over the same period in the previous year, a company release said. Total business during the quarter stood at Rs. ...
Tata mobile in Udupi, Manipal
MANGALORE: Tata Indicom announced the launch of its bouquet of services including CDMA mobiles, fixed wireless and public telephones in Udupi and Manipal here on Monday. The company, which has presence in seven towns in this part of the state, ...
Inatech to expand India operations
BANGALORE: Inatech, a U.K.-based Oracle certified e-business partner specialising in implementation of Oracle applications and Oracle technology solutions, on Monday announced that it would expand its operations in India to increase its ...
Housing finance ticks 29 p.c. growth
NEW DELHI: Thanks to the housing boom, direct housing finance disbursals by banks and finance companies rose by 29 per cent to Rs. 53,685 crore during 2003-04, National Housing Bank said today. The NHB, the apex supervisor for the housing ...
Eicher signs MoU with Dena Bank
NEW DELHI: Eicher Tractors on Monday entered into an agreement with Dena Bank for retail financing of tractors to farmers. Under the MoU, Dena Bank would finance Eicher Tractors with lower margin money of five per cent for loans up to Rs. 2 lakhs ...
Bajaj Auto to augment production
NEW DELHI: With `Bajaj CT 100' crossing the one lakh sales mark since its the launch 81 days back, Bajaj Auto said on Monday that it would ramp up production capacity to meet increasing demand for the entry level 100cc motorbike. Our ...
Nominated for Quality Inn Choice awards
CHENNAI: Quality Inn MGM Beach Resorts, located in Muttukadu in the outskirts of Chennai, has been nominated as a finalist for the annual Quality Inn Choice Awards. "MGM Resorts being the only entry from Asia to the finals, proves that we go ...
Geojit opens 20 bidding centres
KOCHI: Geojit Financial Services has opened 20 bidding centres to provide easy bidding facilities to the TCS IPO says a release. More details can be had from website gcc.geojit.net, adds the release. Our Special ...
New President for Lucent India
MUMBAI, JULY 26. Lucent Technologies today appointed C. S. Rao as President and Chief Executive Officer of Lucent India, in place of Vincent J. Mazzola. ...
Additional duty on computers
NEW DELHI, JULY 26. The Government today announced additional import duty on personal computers to correct the anomaly caused by higher excise duty on its components in the Union Budget. The Government also abolished the customs duty on ...
Federal Bank first quarter net up
KOCHI: Federal Bank has registered a 20 per cent increase in net profit for the first quarter ended June 30, 2004 by notching up Rs. 45.03 crores. The gross NPA of the bank has come down from 7.44 per cent in March 2004 to 7.20 per cent in June ...
South Indian Bank's net at Rs. 18 crores
KOCHI: The Thrissur-based South Indian Bank has clocked a net profit of Rs. 18.44 crores in the quarter ended June 2004 against the profit of Rs. 22.60 crores recorded during the corresponding period in the previous year. The operating profit ...
Tata Motors launches new truck
KOCHI: Tata Motors has launched its new commercial vehicle, LPT 909 EX Turbo Truck, in Kerala. Launching the vehicle, Vinod Sahay, Head (Marketing), Light Commercial Vehicle Business unit, said the vehicle would provide extra mileage, extra ...
KOCHI: The bancassurance tie-up between State Bank of India and the New India Assurance Company Ltd. in Kerala was launched by C. Narasimhan, Chief General Manager of SBI, and M. K. Garg, General Manager, New India Assurance Company Ltd., at a ...
Philips' new schemes for Onam
KOCHI: Philips India has come out with an array of offers for the festival season in Kerala, says Suresh Sukumaran, Senior General Manager (Marketing) of the company. From colour televisions to home theatres, radio to audio systems, DVDs to CD, ...
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