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Saturday, December 11, 2004
Inflation down, industrial growth up
NEW DELHI, DEC. 10.Two macro-economic indicators reported good performance on Friday. While the inflation rate for the week ended November 27 recorded a marginal fall to 7.3 per cent from 7.34 per cent for the previous week, the industrial sector ...
Policies should focus on job generation, says Montek
NEW DELHI, DEC. 10.The Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia, today said that policies should focus on generating demand for labour and increasing productivity. Delivering the keynote address at the UN-Planning ...
LIC proposes two-part wage hike
CHENNAI, DEC. 10. The Life Insurance Corporation of India has proposed a two-part wage hike for its employees. It will involve an across-the-board increase of eleven 11 cent in the total wage bill as on August 1, 2002. It will also include a ...
Honda to synergise India, Thailand operations
NEW DELHI, DEC. 10.Honda Motor Co. of Japan plans to synergise Indian and Thailand operations to capitalise on the free trade agreement between the two countries and will continue investing in India, a top company official said today. "There ...
Bharat Forge buys German firm
MUMBAI, DEC. 10. Bharat Forge has acquired the German auto components company, CDP Aluminiumtechnik Gmbh & Co KG (CDP AT) for an enterprise value of Euro 6.30 million. "The CDP AT acquisition is an important part of Bharat Forge's long-term ...
GlaxoSmithKline to buyback shares
NEW DELHI, DEC. 10.The board of directors of GlaxoSmithKline Consumer Healthcare today approved the buyback of shares of Rs. 123 crores in a move to invest surplus funds to maximise shareholder value, representing 7.33 per cent of the company's ...
Upasana under SFL fold
CHENNAI, DEC. 10.Sundram Fasteners Ltd (SFL) has acquired the entire 100 per cent stake in the unlisted two-wheeler component maker Upasana Engineering Ltd. Sundram Fasteners made the acquisition through Aplomb Investments, a wholly-owned ...
Gateway Distriparks files draft prospectus
CHENNAI: Gateway Distriparks, a leading port-related container freight station-cum-logistics company, has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for an initial public offering of 21 million ...
Avaya GlobalConnect's plans
CHENNAI: Avaya GlobalConnect, formerly Tata Telcom, provider of converged communication solutions (converged voice, data and video networks to contact centre solutions), planned to increase its market share in predictive dialing in India to 25 ...
New managing directors for LIC
CHENNAI: A. K. Shukla and K. Sridhar have taken over as managing directors of Life Insurance Corporation of India. They have succeeded R. K. Vashishtha, who retired on September 30, and R. N. Bhardwaj, on his elevation to the chairmanship. Mr. ...
New MD for Carlyle group
CHENNAI: The Carlyle group has announced that Shankar Narayanan has joined as managing director to lead venture and growth capital investments. Carlyle group has invested in a wide range of businesses spanning a variety of sectors, in traditional ...
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