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Saturday, November 27, 2004
Reorienting business plan quietly
CHENNAI, NOV. 26. As the Ambanis and Reliance hog the headlines, a series of significant happenings have quietly surfaced in the Chennai business world. While Ramco System is reaching out to its group outfits to beef up its resources, little ...
Centre to offer 20 oil blocks in fifth round
NEW DELHI, NOV. 26.The Union Petroleum Minister, Mani Shankar Aiyer, today said the Government would offer 20 oil and gas exploration blocks in the fifth round of bidding under the New Exploration Licensing Policy in January 2005. "With a view ...
Inflation falls marginally
NEW DELHI, NOV. 26. Post-monsoon market arrivals of vegetables and other essential food products helped bring down inflation marginally to 7.34 per cent during the week ended November 13 from 7.76 per cent a week ago. Also, the full impact of ...
DoT slaps Rs. 150 cr. penalty on Reliance Info
NEW DELHI, NOV. 26. The Department of Telecommunications today imposed a penalty of Rs. 150 crores on Reliance Infocomm for violating licence conditions by routing international calls as local ones. The Department has given Reliance seven days ...
Export Insurance fund soon
NEW DELHI, NOV. 26. The Government is considering a Rs. 2,000 crore National Exporters Insurance fund for covering risks of exporters. "The Finance Ministry has given in principle approval for the National Exporters Insurance Account and the ...
Open offer for Malco
MUMBAI, NOV. 26. Twinstar Holding Ltd, part of Anil Agarwal controlled Vedanta group, is to acquire the outstanding 20 per cent public shareholding in Madras Aluminium Company Ltd (Malco) through an open offer. Twinstar at present holds 80 per ...
Warehouse in Uruguay
NEW DELHI, NOV. 26. Taking a cue from the Chinese business strategy of tapping the vast Latin American market, the Central Warehousing Corporation will soon set up a warehouse in Uruguay to cater to the region. "The Central Warehousing ...
Emagia's investment plans
HYDERABAD: Emagia Corporation will invest $4 million in its Indian subsidiary which has a 100 people facility at Hyderabad. This was announced by Veena Gundavelli, Chairperson and Founder of Emagia, at a press conference here on Friday. Ms. ...
Faber India ties-up with Whirlpool
NEW DELHI: Faber India, the domestic arm of Italian kitchen appliances firm Faber SpA, said today that it had entered into a distribution tie-up with Whirlpool and was aiming for 30 per cent growth in sales turnover at Rs. 52 crores this year. ...
UCO Bank's bancassurance pact
KOLKATA: UCO Bank has signed an agreement with Reliance Mutual Fund to distribute the latter's debt schemes through its select branches. "We aim to become a financial super market where customers can buy not only the traditional bank products but ...
Bharati Shipyard's plans
CHENNAI: Bharati Shipyard plans to invest Rs. 2 crores for acquiring Pinky Shipyard in Goa and another Rs. 7.50 crores on new plant and machinery to upgrade its facilities, according to P. C. Kapoor, Managing Director, Bharati Shipyard. The ...
Omega's exclusive boutiques
MUMBAI: Omega, the Swiss watch manufacturer, has announced the launch of two exclusive boutiques in the metropolis. Speaking at the launch, Stephen Urquhart, President of Omega International, said the Omega brand had a strong market in India and ...
Nalco bags export award
BHUBANESWAR: The National Aluminium Company Ltd (Nalco) has bagged the highest CAPEXIL export award for 2003-04, a company release said. The award was received by the Chairman-cum-Managing Director of Nalco, G. Upadhyaya, from the Union Minister ...
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