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Saturday, November 13, 2004
Samvat 2061 begins on positive note
MUMBAI, NOV. 12. Ushering in Samvat 2061, the Bombay Stock Exchange 30-share sensitive index (Sensex) today crossed the psychological 6,000-mark in intra-day trading at the Moorat trading, reflecting a positive trend. However, the Sensex ended ...
`Basel II norms to improve banks' risk management system'
NEW DELHI, NOV. 12.India's decision to implement Basel-II norms from December 2006 will improve banks' risk management system and provide them incentives for meeting the prudential norms, said the Basel Committee on Banking Supervision Chairman, ...
Infosys pact with Australian venture
NEW DELHI, NOV. 12. Infosys Technologies has signed an agreement with Smart Internet Technology Cooperative Research Centre (Smart Internet) of Australia for joint efforts in research and development. The collaboration between Infosys and ...
Efforts to bring together SMEs of India, Japan
CHENNAI, NOV. 12. With the conversion of Indo-Japan Centre here into Indo-Japan Chamber of Commerce and Industry (IJCCI), the organisation, in its new avatar, has decided to play a facilitator role in bringing together the SMEs (small and medium ...
Emirates' special offer
NEW DELHI, NOV. 12. Emirates has announced a special companion offer on its recently launched passenger service from India to New York via Dubai. All first and business class passengers travelling from India will be eligible for a complimentary ...
Intel's new chief executive
SAN FRANCISCO, NOV. 12.Intel, the world's largest computer chip maker, announced on Thursday that its directors had confirmed the selection of the company president, Paul S. Otellini, as chief executive. The promotion, which is to take effect ...
TMB's new Chairman
TUTICORIN, NOV. 12. S. Radhakrishnan, has taken over as Chairman and Chief Executive Officer of Tamilnad Mercantile Bank Limited. A release today said Mr. Radhakrishnan assumed the charge on November 6. The appointment was approved by the Reserve ...
Loan for cooperative society
TIRUCHI: The Lalgudi Taluk Employees Cooperative Society sanctioned surety loan to the tune of Rs. 43 lakhs to its members during 2003-04 by fetching cash credit from the Tiruchi District Central Cooperative Bank. Speaking at the annual general ...
Sundaram Clayton's plans
CHENNAI: Sundaram Clayton has informed the Bombay Stock Exchange through a notification that the board of directors of the company has approved the proposal to invest Rs. 5 lakhs in Auto India Engineering Ltd. This new company is proposed to be ...
SEBI grants exemption
CHENNAI: The Securities and Exchange Board of India has passed an order granting exemption to K. V. Rajeshwar Rao, K. Sudhir Rao, K. Suhan Rao and L. Venketeswara Rao (acquirers) from making an open offer under SEBI (Substantial Acquisition of ...
NEG Micon's 1.65 MW wind turbine
AHMEDABAD: NEG Micon (India), a 100 per cent subsidiary of NEG Micon A/s Denmark and the preferred partner for renewable energy systems, has launched the largest, tallest and the most powerful wind turbine in India for the Gujarat market. The ...
IOB revises NRE deposit rates
THIRUVANANTHAPURAM: Indian Overseas Bank has revised the interest rates on NRE deposits with effect from November 1, says a release from the regional office the bank here. The new rate of interest is 3 per cent for deposits of one year to less ...
Trading in green vanilla beans
KOZHIKODE: The wholesale trading of green vanilla beans will be held at the Agricultural Wholesale Market (AWM) at Vengeri here from 11 a.m. to 4 p.m. on November 17 and 18. The secretary of the market, R. Venugopal, said farmers, farmer groups ...
Godrej launches `secure home' products
THIRUVANANTHAPURAM: Godrej and Boyce Manufacturing Company has launched its `secure home' products in Kerala at a customers' meet here this week. The products include home security doors, video door phones, security alarm systems, fire resistant ...
SRF Polymers acquires shares in SRF
MUMBAI: SRF Polymers has informed the National Stock Exchange that it has acquired 8.50 lakh equity shares representing 1.32 per cent of the paid up capital of SRF Limited (target company). The date of acquisition was November 11 and the ...
Canbank MF announces dividends
MANGALORE: Canbank Mutual Fund has announced tax-free dividend of 20 per cent (face value of Rs. 10) under its income plan in the CanEquity Diversified Schemes. The NAV of the scheme is Rs. 12.56 (Income Plan) and Rs. 15.15 (Growth Plan) as on ...
ICICI Bank home loans mahotsav
MANGALORE: The President of Kanara Chamber of Commerce and Industry (KCCI), A. Srinivas Rao, inaugurated the Deepavali Mahotsav launched by ICICI Bank Home Loans here on Friday. The Mahotsav is an exhibition of different products from ICICI Bank. ...
MRO-TEK to launch new product
CHENNAI: MRO-TEK had informed the National Stock Exchange regarding the research and development activities undertaken by the company in developing certain high-profile indigenous technology products. In this regard, the company has intimated ...
Premier Auto's new offering
HYDERABAD: Premier Automobiles announced the launch of its latest offering, Sigma, the multi purpose diesel vehicle in Hyderabad on Thursday. According to a release issued here on Friday, the multi purpose vehicle is a seven-all front facing ...
UltraTech cement launched
HYDERABAD: UltraTech CemCo (formerly L&T Cement) and now part of the Aditya Birla group, announced the launch of UltraTech Cement here. O. P. Puranmalka, Group Executive President and Chief Marketing Officer, said in a release here that nothing ...
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