Online edition of India's National Newspaper
Wednesday, September 22, 2004
ICICI Bank to divest stake in two banks
MUMBAI, SEPT. 20. ICICI Bank, the country's largest private sector bank, would dilute its stakes in Federal Bank and the South Indian Bank in the next three years. ICICI Bank at present holds 20 per cent stake in Federal Bank and over 10 per ...
`Maruti investors' interest will be protected'
NEW DELHI, SEPT. 21. The Government today vowed to protect the interests of shareholders and prevent any undue fall in share prices of the joint venture auto major Maruti, where the Japanese partner Suzuki can exercise its option to buy residual ...
iGate to expand Chennai centre
CHENNAI, SEP. 21. iGate Global Solutions has decided to hire 350 professionals in Chennai in the next six months and later increase it to another 350 professionals by the end of next financial year, according to Mohan Sekhar, Chief Delivery ...
Reliance to expand services to more towns
NEW DELHI, SEPT. 21. Reliance Infocomm today unfolded its plans to expand its CDMA mobile services to 3,600 more towns within four months targeting a subscriber base of ten million by early next year. "We will roll out mobile services in 3,600 ...
NTPC fixes price band
MUMBAI, SEPT. 21.The National Thermal Power Corporation today fixed its initial public offer price band between Rs. 52 and Rs. 62 per share of Rs. 10 each. The issue will open for subscription on October 7 and close on October 14. The public ...
BHEL gets new chief
NEW DELHI, SEPT. 21. A. K. Puri has been appointed as Chairman and Managing Director of Bharat Heavy Electricals Ltd. (BHEL). Mr. Puri, now designated Director (Power), would take over from H. W. Bhatnagar, official sources said. His appointment ...
Wockhardt raises $100 million
MUMBAI, SEPT. 21. Pharma major Wockhardt has raised $100 million through foreign currency convertible bonds (FCCBs) with a greenshoe option of $10 million. The company intends to be ready with the desired funds at an opportune time to expand its ...
Sterling Biotech's bond issue
MUMBAI, SEPT. 21. Sterling Biotech has raised an additional $20 million foreign currency convertible bonds (FCCBs) besides $70 million raised earlier. The FCCBs are to be converted into either ordinary shares or Global Depository Shares of the ...
Boeing ties up with IBM
ST. LOUIS, SEPT. 21. Boeing Co. and International Business Machines Corp. plan to develop advanced information technologies for the Defence Department and intelligence systems under a ten-year partnership the companies announced on Monday. ...
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