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ABB sees India in thick of `Asian century'
BANGALORE, NOV. 22."There is perhaps some truth to the feeling that the 21st century will be the century of Asia, and companies in the West must simply face up to the huge competitive advantage that India offers,'' Fred Kindle, President and CEO ...

Remarks torn out of context: Mukesh Ambani
MUMBAI, NOV. 22.Mukesh Ambani, Chairman of the over Rs. 60,000-crore Reliance Group, on Monday said that the interview that he had participated in the U.S. had been grossly quoted out of context, and this had been a major factor in affecting the ...

Chromite mining: Orissa Government to invite fresh bids
BHUBANESWAR, NOV. 22. At a time when the Opposition parties were questioning the mining policy of the Orissa Government, the High Court has quashed a decision of the Industrial Development Corporation of Orissa Limited (IDCOL) to select Jindal ...

Kanwar elected FICCI President
NEW DELHI, NOV. 22.The Chairman and Managing Director of Apollo Tyres, Onkar S. Kanwar, has become the President-elect of the Federation of Indian Chambers of Commerce and Industry (FICCI). He will take up the office of the FICCI President at ...

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Barometer


Briefly
Lupin promoters hike stake
MUMBAI, NOV. 22. The promoters of Lupin have acquired an additional 8.14 lakh shares of the company, raising their stake to 52.56 per cent. D. B. Gupta and other entities, constituting promoter group, acquired 2.03 per cent additional stake ...

Drug for urological disorder
NEW DELHI, NOV. 22. Ranbaxy Laboratories today announced the launch of its drug for Benign Prostatic Hyperplasia in India. The drug, branded Flotral (Alfuzosin), provides effective relief from the signs and symptoms of the urological disorder, ...

Greaves Cotton ties up with BoI
MUMBAI, NOV. 22. Greaves Cotton has tied up with Bank of India for financing the company's power tillers. Under the tie-up, the two entities have jointly launched `BOI-Greaves farm mechanisation scheme' for small farmers and traders would be able ...

Infosys' sponsored ADS
MUMBAI, NOV. 22. Infosys Technologies will seek shareholders' nod for sponsored Amercian Depository Shares issue at its extraordinary general meeting scheduled on December 18. The ADS would be issued against the existing equity shares to overseas ...

Intel signs MoU with NIIT
CHENNAI: Intel, the world's largest chipmaker and NIIT, IT training organisation, have signed a memorandum of understanding to significantly enhance the usage of technology-assisted learning in schools. The two companies agreed to transform ...

i-flex solution for Bahrain bank
CHENNAI: i-flex solutions has signed an agreement with Shamil Bank of Bahrain to implement its flagship and banking solution product Flexcube at Shamil Bank. Flexcube, which has been enabled for Islamic banking practices, will be the core-banking ...

Sutlej Industries' expansion plan
CHENNAI: Sutlej Industries has earmarked Rs. 110 crores for its expansion programme. It will be expanding the capacity of the Kathua (Jammu and Kashmir) unit by 28,416 spindles. Commercial production of the additional capacity of dyed and melange ...

Oracle's new transportation application
CHENNAI: Oracle India has introduced new transportation planning application. The new application will help companies manage the entire transportation planning process to reduce costs by optimally combining small shipments into full truckloads ...

Shashun to commission formulation plant
CHENNAI: Shasun Chemicals and Drugs is all set to venture into contract manufacturing of finished dosage formulations. The company's plant is nearing completion in Pondicherry, the initial investment being Rs. 40 crores. The facility has a ...

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