Online edition of India's National Newspaper
Saturday, September 04, 2004
Public-private partnership in infrastructure favoured
NEW DELHI, SEPT. 3.Indian Infrastructure needs a major facelift as lack of quality infrastructure has adversely affected the flow of foreign direct investment (FDI) towards India in the recent past, said Montek Singh Ahluwalia, Deputy Chairman of ...
Tata Indicom enters prepaid segment
MUMBAI, SEPT. 3. Tata Indicom today made an entry into the prepaid segment by launching its `True Paid' brand and has roped in cricketers, Sourav Ganguly and Irfan Pathan, as its brand ambassadors. The new service offers facilities such as ...
Labour and safety laws for exporters
CHENNAI, SEPT. 3. The Apparel and Handloom Exporters Association (AHEA), Chennai, has appealed to the Union Government to ensure that compliance requirements in respect of labour and safety laws for purposes of export from India were as per ...
Steps to sustain housing boom
NEW DELHI, SEPT. 3. The National Housing Bank (NHB) today announced a number of measures to refinance and credit enhancement, to sustain the housing boom. The bank said it would also offer funds to banks and housing finance companies up to 50 per ...
Kingfisher Airlines to commence services in January
CHENNAI, SEPT. 3.The United Breweries group is entering the Indian civil aviation sector, with the launching of Kingfisher Airlines on January 15, 2005. Giving details of the proposed Rs.1,000-crore Kingfisher Airlines, the Chairman of the UB ...
ONGC Videsh buys Vanco's stake
NEW DELHI, SEPT. 3. ONGC Videsh Ltd. (OVL), the overseas arm of State-run Oil and Natural Gas Corporation (ONGC), today announced the acquisition of the U.S. firm Vanco Energy Co's 30 per cent stake in an exploration block off the Ivory Coast, ...
Geojit plans preferential offer
MUMBAI, SEPT. 3. Geojit Financial Services is planning to issue securities such as debt instruments for maximum value of Rs. 15 crores. The board would meet on September 9 to consider the proposal to issue securities on preferential basis, the ...
Arvind Remedies withdraws offer
MUMBAI, SEPT. 3. Arvind Remedies has decided to terminate its proposed preferential issue of up to $10 million to CitiConsult Emerging Markets of the U.K., as it did not receive communication from the latter. The board has passed a resolution ...
Greaves buys stake in HCME
NEW DELHI: Crompton Greaves said on Friday that it had purchased Hitachi's stake in Hitachi CG Motor Engineering Pvt Ltd (HCME), making HCME its wholly-owned subsidiary. The company on Friday purchased from Hitachi its entire holding of 8.16 ...
Cummins' India plan
NEW DELHI: American diesel engine maker Cummins on Friday said it was planning to buy more than $150 million in components and engines from India in the current fiscal. The Indian arm expects 15-20 per cent growth in revenue in 2004-05 and double ...
DRL terminates Lamisil litigation
HYDERABAD: Dr. Reddy's Laboratories announced termination of Lamisil litigation. According to a release, the company decided not to pursue further its district court challenge and to amend its ANDA for terbinafine hydrochloride tablets from ...
Visa Industries completes financial closure
BHUBANESWAR: Visa Industries, the Orissa based manufacturing arm of the Visa group, completed its financial closure for the initial part of its one million tonne integrated steel and stainless steel project at Kalinganagar industrial complex, ...
New CMD for NTC
CHENNAI: K. Ramachandra Pillai has been appointed as Chairman and Managing Director of National Textile Corporation. Prior to taking over as CMD, Mr. Pillai was the Managing Director of the three of its subsidiaries. NTC is now undergoing a major ...
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