Online edition of India's National Newspaper
Tuesday, October 19, 2004
Online edition of India's National Newspaper Tuesday, October 19, 2004 |
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India wins arbitration award in oil dispute NEW DELHI, OCT. 18. India has won a major international arbitration award last week in respect of certain disputes relating to production sharing contracts (PSC) of Ravva Oil Field in Andhra Pradesh, which accounts for about 8 per cent of India's ... Varun Shipping's rights issue MUMBAI, OCT 18.Varun Shipping has announced a much improved performance for the second quarter ended September 2004 with a net profit of Rs. 21.19 crore against Rs. 5.10 crores in the same period of the previous year. The improvement in ... Birla Sun takes over Alliance schemes MUMBAI, OCT. 18. Birla Sun Life Asset Management Co Ltd (BSLAMC) today acquired the mutual fund schemes of Alliance Capital Asset Management (India) Ltd (ACAM). ACAM had about Rs. 1,951 crore in assets under its management (of which equity ... IPCL net up MUMBAI, OCT. 18. Indian Petrochemicals Corporation has reported a sharp rise in its net profit for the second quarter ending September 30, 2004, at Rs. 138 crores against Rs. 54 crores in the same period of the previous year. Net turnover ... DPC revival to cost Rs. 1,800 crores NEW DELHI, OCT. 18. The Ministry of Finance has estimated that about Rs. 1,800 crores would be needed to restart the Dabhol Power plant, lying idle for the past three years. It has asked the Power Ministry to take up this (cost) aspect at the ... Other Stories
Barometer Briefly Kochi Refineries-BPCL merger MUMBAI, OCT. 18.Kochi Refineries has informed the Bombay Stock Exchange that a meeting of the directors of the company will be held on October 26 to consider a proposal for in-principle approval for merger of the company with Bharat Petroleum ... Sonata's German subsidiary BANGALORE, OCT. 18. IT services firm, Sonata Software, has set up its subsidiary in Germany with an aim to consolidate its presence in the European Union. The subsidiary, Sonata Software GmbH, has been set up at Frankfurt, the Bangalore-based ... L&T to hire 600 professionals BANGALORE, OCT. 18. Larsen and Toubro today said it plans to hire over 600 professionals in one year for its embedded solutions and engineering services centres at Mysore and Bangalore. L&T Chairman and Managing Director, A. M. Naik, said the ... Cisco, Microsoft join hands REDMOND, WASHINGTON, OCT. 18. Their biggest clients hit hard by viruses, worms and other attacks, Microsoft Corp. and Cisco Systems today said that they plan to work together to help their corporate customers fight back. Each is rolling out a ... IFC's investment plans NEW DELHI, OCT. 18. The International Finance Corporation, the investment arm of the World Bank, today said it would invest around $300 million in India this year, taking up its overall exposure in the country to $1.5 billion. "At present, the ... Restoration of old DEPB rates sought COIMBATORE: The Southern India Engineering Manufacturers' Association has appealed to the Centre to restore the Duty Entitlement Pass Book (DEPB) rates for engineering products that prevailed before February 9. In a memorandum to the Centre, its ... National HRD network COIMBATORE: The Coimbatore chapter of the National HRD (NHRD) network will be inaugurated here on October 22. As Coimbatore is an educational, industrial and health care hub, the need has been felt to launch the network's chapter here. Santrupt ... Training programme for garment exports COIMBATORE: The Small Industries Service Institute (SISI) will conduct a four-week course on "Export readymade garment manufacturing" from November 16 at Erode. The objective is to promote small scale industries to compete in the international ... Take Solutions buys U.S. firm CHENNAI: The $4-million Take Solutions, a technology-enabled business solutions company, on Monday announced that it had acquired the New Jersey-based clinMetrics in a $3 million cash-cum-stock deal. About 75 per cent of the consideration would ... Other Stories
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