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Friday, September 03, 2004
ONGC-Cairn Energy swap deal cleared
NEW DELHI, SEPT. 2. The Central Government today cleared the proposal of the Oil and Natural Gas Corporation (ONGC) to buy the Scottish oil firm, Cairn Energy's stake in two gas fields on the east and west coasts at an estimated cost of $135 ...
VSNL to re-orient strategy
MUMBAI, SEPT. 2.Videsh Sanchar Nigam Ltd. (VSNL) is looking to re-image and re-invent itself and intends to become one of the best telecommunication companies in the country over the next few years. Speaking at the 18th annual general meeting of ...
India to consult coalition partners on WTO ruling
NEW DELHI, SEPT. 2. India plans to consult coalition partners in the Group of 20 before taking any decision in the wake of the ruling at the World Trade Organisation (WTO) against the U.S. on its anti-dumping law known as the Byrd ...
Preparing for free trade agreement with ASEAN
NEW DELHI, SEPT. 2. Close on the heels of the Free Trade Agreement (FTA) with Thailand, India is preparing to sign similar agreements with ASEAN and South African countries for which the process of dialogue has already begun. Announcing this ...
Ties up with British firm
NEW DELHI, SEPT. 2. Leading IT infrastructure management service company, HCL Comnet, today announced launch of its "Global Process Re-engineering Division" to provide IT infrastructure management process consultancy worldwide. For this, the ...
Marketing pact in insurance
MUMBAI, SEPT. 2. Bajaj Capital Insurance Broking Ltd has tied up with Max New York Life Insurance Company to sell the latter's products. "We are targeting young couples and individuals within the age group of 24-40 years," Bajaj Capital Insurance ...
i flex to issue warrants
MUMBAI, SEPT. 2. i flex solutions is to issue 91,347 convertible warrants to IBM Global Services India Pvt. Ltd. (IBM). The i flex board, at its meeting held yesterday, has approved a proposal to issue warrants or options convertible at a future ...
Qantas' new services
MUMBAI, SEPT. 2. The Australian Qantas Airways has re-commenced operations to India with the launch of its non-stop flight between Mumbai and Sydney. The non-stop flights will operate thrice a week. Speaking at a press conference here today, Rob ...
BOBCARD launches new products
COIMBATORE: BOBCARDS Ltd. has launched an exclusive card for woman and all those who apply before September 30 would get it as a complimentary card without annual fee for first two years. It would have special features for women at leading ...
CODISSIA hails trade policy
COIMBATORE: The Coimbatore District Small Industries' Association has welcomed the new foreign trade policy. Its President, J. Balu, said the comprehensive policy had several "favourable announcements" to help the growth and development of ...
Siemens launches Sri Lanka operations
CHENNAI: Siemens has informed the Bombay Stock Exchange that Siemens AG has launched its operations in Sri Lanka. Siemens will introduce its products, systems, services and solutions to the Sri Lankan market. The local operation will be supported ...
Cauvery Electrodes' facility in Bangalore
CHENNAI: Cauvery Electrodes (India) has established its Rs. 1.5 crore unit at Jigani, Bangalore to manufacture mild steel copper coated wires. The capacity utilisation of the unit is 72 tonnes in three shifts. The company plans to produce special ...
L&T Infocity pays 10 p.c. maiden dividend
HYDERABAD: L&T Infocity, a joint venture company of L&T and Andhra Pradesh Industrial Infrastructure Corporation (APIIC) declared a maiden dividend of 10 per cent for 2003-04. Last year, the company declared a maiden bonus issue of 1:2 to its ...
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