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Tuesday, December 07, 2004
Rupee touches 8-month peak at 43.65 to a dollar
MUMBAI, DEC. 6. An unprecedented 49 paise rise today drove the Indian currency to a nearly 8-month closing peak of 43.64/65 a dollar, buoyed by bunched up weekend dollar supplies from robust foreign fund and trade inflows amidst a sliding dollar ...
TCS bags Ferrari contract
MUMBAI, DEC. 6.Tata Consultancy Services has bagged a three-year multi-activity contract from Scuderia Ferrai on the Formula One circuit for an undisclosed amount. This high-end engineering contract is for providing IT and engineering services ...
Tata Coffee divests stake in Barista to Sterling Group
CHENNAI, DEC. 6.Tata Coffee today entered into an agreement with the Serling Infotech Group to sell its entire 34.31 per cent stake in Barista Coffee Company to the Sterling Group for an undisclosed amount. The Sterling Group already had a 65 ...
Bill to amend Sarfaesi Act introduced
NEW DELHI, DEC. 6. In a bid to arm banks with powers to attach properties of defaulters and recover their dues, government today introduced a bill in the Lok Sabha to amend certain provisions of the Sarfaesi Act. The Sarfaesi Act was upheld by ...
NEW DELHI, DEC. 6. The Union Government today cleared 31 foreign direct investment proposals worth Rs. 368.29 crores including that of Citicorp International, Swaraj Mazda and Sanyo Electric. Most FDI proposals, cleared by the Finance ...
NEW DELHI, DEC. 6.In a major capital market reform, a bill to bar brokers to manage stock exchanges and make capital market operations more transparent was introduced in the Lok Sabha today. The Securities Law (Amendment) Bill, which follows ...
ICICI Bank to consider ADR issue
MUMBAI, DEC. 6.The board of ICICI Bank will meet on December 13 to consider a proposal to sponsor American Depository Receipt issue against existing equity shares. Such a proposal would enable existing shareholders to divest their holdings in the ...
Course on export-import management
COIMBATORE: The Coimbatore Productivity Council and the EXIM Academy will jointly organise a three-month part-time certificate course on export-import management from December 20. The course will be conducted at the council's conference hall and ...
International textile conference
COIMBATORE: An international conference on textiles and clothing management (ITCM 2004) will be held here from December 13 to 15. It is organised jointly by the PSG College of Technology and the Sardar Vallabhbhai Patel Institute of Textile ...
Citec plans Chennai centre
CHENNAI: Citec Information India, subsidiary of Finnish 26-million Euro technical documentation company Cite Information Oy AB (tech-writing), is looking at India as a potential business provider. Citec has set up its operation in India earlier ...
UTI-MNC Fund declares dividend
MUMBAI: The UTI-MNC Fund, which predominantly invests in multi-national companies, has declared a tax-free dividend of 30 per cent (Rs. 3 per unit on the face value of Rs. 10). The record date for the dividend is December 24, UTI Mutual Fund said ...
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