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Tuesday, September 14, 2004
Suzuki's engine plant in Haryana
NEW DELHI, SEPT. 13. Bullish on the Indian automobile market, Japanese giant Suzuki Motor Corp. today decided to enter the domestic burgeoning motorcycle segment next year besides investing over Rs. 1,000 crores in Maruti to manufacture diesel ...
Maran for selective imports to revive telecom sector
NEW DELHI, SEPT. 13. Acknowledging the neglect of the Indian telecom manufacturing, the Communications and Information Technology Minister, Dayanidhi Maran, today wondered whether selective imports could help revive the sector. "We should take ...
Bankers anticipate interest rate hike
NEW DELHI, SEPT. 13.With rising inflation and global developments such as hardening of interest rates worldwide and rising oil prices, most bankers are of the view that domestic lending rates too are likely to go up in the near future. A quick ...
U.S. Fund buys stake in HDFC
MUMBAI, SEPT. 13.Capital Research and Management, the third biggest mutual fund manager in the U.S., has acquired 4.71 per cent of equity stake in HDFC, stock exchanges were informed. Following this, the Fund has now 6.09 per cent of voting ...
Allowed to buy Indian shares
MUMBAI, SEPT. 13. The Central Government has permitted Sri Lankan citizens to purchase shares or convertible debentures of Indian companies under the foreign direct investment scheme subject to specified terms and conditions. It has been decided ...
Shaw Wallace's initiatives
KOLKATA, SEPT. 13. Shaw Wallace & Company has launched a clutch of initiatives to settle its Rs. 300 crore income tax demands, which it hopes will enable the shareholders to get better returns, P. M. Nene, director, said. Talking to the press ...
RTGS, SFMS in two BoI branches
COIMBATORE: Bank of India (BoI) has installed Real Time Gross Settlement System (RTGS) and Structured Financial Messaging Service (SFMS) at its Coimbatore and Tirupur SSI branches. This will facilitate the bank to receive and remit funds across ...
IIIE, Coimbatore Chapter gets award
COIMBATORE: The National Council of Indian Institution of Industrial Engineering (IIIE) has conferred the `Krish Pennathur' shield for 2003-04 on the Coimbatore chapter of IIIE. In a communication, Varghese Mathew, Chairman of IIIE, said the ...
COIMBATORE: The Indian Chamber of Commerce and Industry, Coimbatore, will organise `The Chamber Show 2004', an exhibition of products and services here from October 1 to 3 in connection with its Platinum Jubilee celebrations. According to A. ...
Mill Workers Union office bearers
COIMBATORE: Parvathi Krishnan, Former MP, has been elected President of the Coimbatore District Mill Workers Union. The following are the other office bearers. C. S. Ramasamy, N. Krishnan and K. Mohanraj: Vice Presidents and M. Arumugham, General ...
Jubilee sells KEC International shares
MUMBAI: Jubilee Investments & Industries has sold 14 lakh shares of KEC International, an RPG group company. The shares were sold in the secondary market on September 10, KEC International informed the National Stock Exchange on Monday. ...
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