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Friday, September 17, 2004

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    New impetus to infrastructure
    NEW DELHI, SEPT. 16.Mandated by the Prime Minister, Manmohan Singh, the Planning Commission is working overtime to prepare an overall plan for the development of infrastructure nationwide. Informally, the Commission has set October 15 as the ...

    Bharti forays into agri-exports
    NEW DELHI, SEPT. 16.After consolidating its position in the telecom business, Bharti Enterprises today announced its foray into global distribution of fresh fruits and vegetables in international markets, particularly European Union and the U.K. ...

    Revival package for tea getting ready
    NEW DELHI, SEPT. 16.The Government today said a comprehensive package for revival of the tea industry was being worked out and was likely to be finalised by the next session of Parliament. The package would include tax and fiscal incentives for ...

    Jaitley begins Birla arguments
    KOLKATA, SEPT. 16. Arun Jaitley, former Union Law Minister and senior counsel for the Birlas, today began his submissions in the Birla-Lodha petition, questioning the genuineness of the purported Will of the late Priyamvada Birla. Arguing to ...

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    Barometer


    Briefly
    Fall in sensitive items import
    NEW DELHI, SEPT. 16.Import of 300 sensitive tariff lines monitored closely by the Union Commerce Ministry has declined by 22 per cent in the first four months of the current financial year. The value of imports has dipped to Rs. 4,604 crores from ...

    Teledata's acquisitions
    MUMBAI, SEPT. 16. In a bid to expand horizons into newer, lucrative areas, Teledata Informatics has bought out two companies operating in Dubai and Singapore for $4.5 million. The company has acquired 100 per cent equity stake in Bitech Dubai for ...

    Takes stake in Strand
    BANGALORE, SEPT. 16.Medibic Alliance, a Japanese consultant firm to the pharmaceutical industry, had taken a 10 per cent equity stake in Strand Genomics, the Bangalore based maker of computer software for bioinformatics, Vijay Chandru, Strand's ...

    Eicher Motors to consolidate
    NEW DELHI, SEPT. 16. Eicher Motors today announced its decision to acquire automobile export business of Eicher International as part of efforts to further consolidate its auto business. The board had given an in principle nod to the acquisition, ...

    Additional bonus to LIC policyholders
    MUMBAI: The Life Insurance Corporation of India today decided to pay bonus of Rs. 10,388 crores to policyholders and also pay Rs. 547 crores as a yearly dividend to the Central Government. Following actuarial valuation as on March 31, 2004, the ...

    Subsidy for small tea growers
    COIMBATORE: The small tea growers in the Nilgiris district will be provided a subsidy of Rs. 2 a kg for green leaf through the Tea Board, according to a release from the Nilgiris MP, R. Prabhu. The Union Government had already sanctioned the ...

    Lakshmi Vilas Bank shifts branch
    COIMBATORE: The R. S. Puram branch of the Lakshmi Vilas Bank has been shifted to a new premises at 121, Thiruvenkataswamy Road (West), R. S. Puram. An extension counter of the bank was opened at Sri Krishna College of Engineering and Technology, ...

    SIMA office bearers
    COIMBATORE: The following have been re-elected office-bearers of the Southern India Mills' Association for 2004-05: Vijay Venkataswamy, Managing Director of Van Tex Limited, Coimbatore (Chairman), S. V. Arumugam, Managing Director of Shiva ...

    Finolex in pact with Bajaj Allianz
    MUMBAI: Finolex Cables has signed an agreement with Bajaj Allianz General Insurance Company for providing insurance cover to its certified electricians. The group insurance scheme, which is the largest such deal in the city covering over 25,000 ...

    Morepen files DMF for desloratadine
    MUMBAI: The Delhi-based Morepen Laboratories has filed a Drug Master File (DMF) for $700 million anti-allergic molecule desloratadine in the U.S. Desloratadine, a metabolite of Loratadine, has a longer relief period as compared to Loratadine, the ...

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