Online edition of India's National Newspaper
Thursday, December 02, 2004
Nokia plans mobile handset unit
NEW DELHI, DEC. 1.Nokia today announced plans to invest up to $150 million in its first mobile handset manufacturing plant. Being designed to employ 2,000 people, the site of the plant has not been finalised. "We have a few options. The site is ...
GE enters housing finance
NEW DELHI, DEC. 1.The U.S. conglomerate General Electric today announced its foray into the Indian housing finance segment aiming at Rs. 1,000-crore business in the first year of operation, and was exploring the possibilities of entering the ...
Early gains not held on BSE
MUMBAI, DEC. 1.The BSE Sensex created history on Wednesday, soaring to all-time high of 6272.68 during early trade before it succumbed to heavy profit booking to close the day six points down in highly volatile activity. The BSE 30-share index ...
Hyundai raises prices, Maruti to follow suit
NEW DELHI, DEC. 1.Hyundai Motor India today raised prices of its two models while Maruti Udyog and Skoda announced plans to follow suit next month to meet the rise in input costs and new emission norms. Hyundai's `Accent GLE' sedan would cost ...
Tata Steel hikes prices
KOLKATA, DEC. 1.Tata Steel today hiked prices of some categories of long and flat products by up to Rs. 500 a tonne in line with the increase in input cost. The Chairman of Tata Steel, Ratan Tata, had in August last announced a reduction in ...
Reliance Infocomm unfolds plans for West Bengal
KOLKATA, DEC. 1.The Chairman of Reliance Industries, Mukhesh Ambani, today unveiled a series of investment plans for West Bengal, where Reliance Infocomm has already pumped in about Rs. 1,000 crores. In his first public address since eruption ...
Indica to hit China roads
BEIJING, DEC. 1. Tata Motors today said it would launch its 1400 cc `Indica' family car in China `very soon' and was closely evaluating the best options to penetrate into the world's fastest growing auto market. The company is also looking at ...
Dena Bank fixes price band
MUMBAI, DEC. 1.Dena Bank today fixed a price band of Rs. 23-27 for its proposed second public issue of equity shares of face value of Rs. 10 each. The issue is likely to hit the market by mid-January 2005, a senior bank official said. In a ...
Colgate to pay second interim
MUMBAI, DEC. 1. Colgate Palmolive (India) has announced a second interim dividend of 40 per cent, that is, Rs. 4 per share, for 2004-05. The dividend payout will be Rs. 54 crores (Rs. 62 crores inclusive of the dividend distribution tax) and will ...
Interim from Shriram cos.
CHENNAI, DEC. 1. Shriram Investments, Shriram Transport Finance Company and Shriram City Union Finance of the Chennai-based Shriram Group, a leading player in the financial services sector, today announced interim dividend of 10 per cent each, ...
Birla Sun Life's plans
COIMBATORE: "Our targets for Coimbatore market are to achieve Rs. 350 crores by the end of March 2005, build an advisor team of 350 and have at least 15 Unit Managers operating here," said Nani Javeri, CEO, Birla Sun Life Insurance. The company ...
COIMBATORE: The Tamil Nadu Industrial Investment Corporation (TIIC) and the Coimbatore District Small Industries Association will jointly organise an interaction meeting here on December 2. The Managing Director of the TIIC, Sabitha, will hold ...
Sakthi Masala bags award
ERODE: The Managing Director of Sakthi Masala, Erode, P. C. Duraisamy and Director, Santhy Duraisamy, were adjudged as Best Entrepreneurs, providing employment to the physically challenged persons and would be given the National Award by the ...
Salem Steel Plant wins award
CHENNAI: Salem Steel Plant has received the first prize under the pig iron/DR/major re-rolling unit category of the Indian Institute of Metals for 2004. The award was given for the Plant's Quality Management System and its Quality Image. The ...
Templeton MF declares dividend, bonus
CHENNAI: Templeton Mutual Fund has announced a dividend of Rs. 0.0354 per unit for Income Builder Account, Rs. 0.0442 for FT Monthly Income Plan, Rs. 0.0088 for Templeton Monthly Income Plan and Rs. 3.5377 for Short-Term Income Plan. It declared ...
LG Electronics' plans
KOCHI: Consumer Electronics major, LG Electronics, is planning to foray into the chiller air-conditioning segment by the last quarter of next year. The company had recorded the fastest growth in package A/C segment and had achieved Rs. 100 crore ...
Emgee Muthoot's achievement
KOCHI: Emgee Muthoot, the insurance division of Muthoot Group, has crossed the Rs. 10 crore premium-mark in a short span, according to Shikha Sharma, Chief Executive Officer and Managing Director, ICICI Prudential Life Insurance. Addressing a ...
Furniture showroom opened
KOLLAM: The Kollam MP, P. Rajendran, last week inaugurated the furniture showroom of the Damro at Karunagapally near here. The Sri Lanka-based furniture dealer employs more than 3,000 persons to manufacture the products. The opening of the ...
Elected to Spice Trade Association
KOCHI: Kishor Shamji was elected as the President and Ajay Agarwal as Vice President of the India Pepper and Spice Trade Association for 2004-05. Bakul V Shah, A Nelson, Kirorimal Agrawal, M. K. Gopinatha Pillai, Mahendra L Parekh, Pradeep N Vyas ...
Reliance Infocomm's ISP services
MANGALORE: Reliance Infocomm on Wednesday announced a full suite of ISP services for its subscribers under the R-Connect service platform, a Reliance Infocomm release said. Apart from high Internet access speeds, R-Connect users can now enjoy ...
Fortune ties up with Raidstore
BANGALORE: Fortune Marketing Pvt. Ltd. has recently announced its tie-up with Raidstore. Through this tie-up, Fortune would be the sole distributor for all IT products of Raidstore, which offers a wide range of RAID Subsystems in the market. ...
YES BANK's advertising campaign
CHENNAI: YES BANK has launched its advertising campaign, Experience Our Expertise. According to a release, the campaign highlights the strength of the bank, professional entrepreneurship, optimal and innovative use of technology and strong ...
Take Solutions achieves CMM Level 4
CHENNAI: Take Solutions has been assessed at Level 4 in the Capability Maturity Model of the Software Engineering Institute. According to a release, the CMM assessment signifies that Take Solutions has a well-defined, measured process for ...
DCB revises term deposit rates
CHENNAI: Development Credit Bank has revised its domestic term deposit rates upwards by 50 basis points. Interest rate for deposits 7- 29 days has been revised to 4 per cent from 3.5 per cent, for 30-45 days to 4.25 per cent from 3.75 per cent, ...
IOC to open new outlets
MANGALORE: Indian Oil Corporation (IOC) would set up two new petrol stations at Chikmagalur town, one on Mangalore Road and another on Mallandur Road, a release said. These outlets would be commissioned on December 2. With this, Mangalore ...
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