Online edition of India's National Newspaper
Thursday, October 14, 2004
TCS second quarter net up 52 per cent at Rs. 342 crores
MUMBAI, OCT. 13. Tata Consultancy Services (TCS), the leading IT services provider, has reported a sterling performance for the second quarter of 2004-05 with a net profit of Rs. 342.19 crores, an increase of 51.8 per cent over the same period in ...
Subsidy: ONGC for alternative mechanism
CHENNAI, OCT. 13. The Oil and Natural Gas Corporation (ONGC) wants the Centre to consider an alternative mechanism by which the company stops picking up the kerosene and cooking gas subsidy bill, but its dividend payout to the Government is ...
To buy back IOC stake
NEW DELHI, OCT. 13. The Union Petroleum Minister, Mani Shankar Aiyar, today endorsed the decision of the Oil and Natural Gas Corporation's decision to buyback Indian Oil Corporation's equity stake in the company, thereby reversing a decision on ...
Google working on speech, multimedia content search
BANGALORE, OCT. 13. Internet company, Google, has been working on speech and multimedia content search on the Internet, but believes that text search will continue to be dominant in future. "We believe text will remain dominant for many many ...
Nod for Nalco expansion
NEW DELHI, OCT. 13. The Cabinet Committee on Economic Affairs today approved the Rs. 4,091.51 crore expansion plan of the public sector giant, National Aluminium Company (Nalco). The completion of the second phase of expansion will make Nalco's ...
Tax collections up
NEW DELHI, OCT. 13. After a sluggish growth in the initial months of the current fiscal year, indirect tax collections have picked up in September to record an increase of 25 per cent. The data made available by the Union Finance Ministry show ...
CyberMedia to tap market
NEW DELHI, OCT. 13.CyberMedia, a leading publication group, today announced that it would enter the capital market with an Initial Public Offer by the end of next month to raise Rs. 17 crores to fund expansion projects. Addressing a press ...
Tata Power private placement
MUMBAI, OCT. 13.Tata Power has raised Rs. 600 crores through private placement of debentures at a yield to maturity of 7.1 per cent. The debenture bears a coupon rate of 4 per cent for the first two years and thereafter 6 per cent for the ...
Bunge unveils Dalda range
NEW DELHI, OCT. 13. Bunge Agribusiness India, a 100 per cent subsidiary of the NYSE-listed commodity major, Bunge, today introduced a new range of five variants of Dalda edible oils produced to match the taste of the consumers.
BASF India's Head-South Asia
MUMBAI: The Chairman of BASF Group in India, Prasad Chandran, has been appointed as Head-BASF South Asia and will be responsible for Pakistan, Bangladesh and Sri Lanka in addition to India, effective October 1. Mr. Chandran's elevation comes in ...
Servion to enhance employee strength
CHENNAI: Servion Global Solutions intends to enhance its workforce to 350 by the end of 2004 from 270 to support its expansion plans. Servion hired 45 people last quarter and intend to hire another 80 in the next quarter to keep pace with new ...
Bajaj Allianz maintains growth
CHENNAI: Bajaj Allianz Life Insurance Company has maintained its growth in the first half ended September 30, 2004 with gross written premium crossing Rs. 250 crores against Rs. 219 crores in the year ended March 31, 2004. According to IRDA, ...
RTG's software testing pact
CHENNAI: ReadyTestGo (RTG), part of the Cybernet Software Systems (CSS) Group, headquartered in San Jose, has signed a software testing agreement with the Institute for Development and Research in Banking Technology (IDRBT) to test Structured ...
GE Shipping sells offshore supply vessels
MUMBAI: GE Shipping has sold two of its offshore supply vessels (OSV) Malaviya Eleven and Malaviya Fourteen in an attempt to rejuvenate its offshore fleet profile. Both vessels were built by the Singapore-based Greenbay Marine Pte ...
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