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`RIL board briefed about Reliance Energy's future plans'
MUMBAI, DEC. 7. The board of directors of Reliance Energy Ltd (REL) had a meeting with full board of its single largest shareholder, Reliance Industries Ltd (RIL), for a day-long meeting and consultation on October 20, REL revealed it today in a ...

VAT panel set up
NEW DELHI, DEC. 7.The Empowered Committee of State Finance Ministers today constituted a joint consultative committee on Value Added Tax (VAT) with representation of major trade and industry organisations to address concerns raised by traders on ...

Future looks bright for IT, says Nasscom chief
HYDERABAD, DEC. 7. The National Association of Software and Services Companies (Nasscom), President, Kiran Karnik, feels that the `future looks bright' for information technology and that it will cross $16 billion exports this year with a ...

Shell to invest Rs. 250 crores in petrol pumps
BANGALORE, DEC. 7.Shell India Private Ltd., a wholly owned subsidiary of Royal Dutch Shell Group, will invest Rs. 250 crores in the first phase of starting petrol stations, Vikram Singh Mehta, Chairman of the Shell Group of companies in India, ...

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Barometer


Briefly
Nestle declares second interim
NEW DELHI, DEC. 7.Nestle India today declared a second interim dividend of Rs. 10 per equity share for 2004. With this, the total dividend payment in 2004 would come to Rs. 20 per share, representing 200 per cent of the nominal share value, ...

SEBI clears IDBI's Flexibond issue
MUMBAI, DEC. 7.The Securities and Exchange Board of India (SEBI) has cleared the Rs. 3,000-crore Flexibond issue of the Industrial Development Bank of India (IDBI). The state-owned Dena Bank and Karnataka Bank have filed prospectus with SEBI for ...

BBC to cut 2,900 jobs
LONDON, DEC. 7.The BBC today said it would cut about 2,900 jobs, more than 10 per cent of its workforce, as part of "transformation'' of the world's biggest public broadcaster aimed at saving 320 million pounds a year. Most jobs would be cut ...

Workshop on treatment of industrial effluents
COIMBATORE: A workshop on treatment of industrial effluents will be organised by the Department of Chemical Engineering and the Industry Institute Partnership Cell of the Coimbatore Institute of Technology here on December 18. A release said that ...

MM Forgings to consider bonus
MUMBAI: MM Forgings has informed the Bombay Stock Exchange that a meeting of the board of directors would be held on December 13 to consider the issue of bonus shares. The company has an equity capital of Rs. 3.02 crores. Reserves stood at Rs. ...

Polaris' biometric software for banking
CHENNAI: Polaris Software Lab has developed software for biometrics authentication in banking. Biometrics authentication is based on optical fingerprint sensing technology, and Polaris will use it in its Identity and Access Management product ...

M & M tractor sales cross one million
CHENNAI: Mahindra and Mahindra's tractor sales have crossed one million. The company has launched two new tractor models with features such as direct injection diesel engine, attractive front grill with the latest built-in halogen headlights, ...

Caddy Data's direct marketing programme
CHENNAI: Caddy Data Services, a data storage and retrieving software technology solution provider, has announced a direct marketing programme involving college students in Tamil Nadu. The programme is open to all students above 18 years of age ...

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