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Tuesday, December 14, 2004
White Paper on VAT soon
NEW DELHI, DEC. 13. The White Paper on value added tax (VAT) would be ready by this month-end and the draft has already been prepared. Revealing this, the Chairman of Empowered Committee on VAT, Ashim Dasgupta, who is also the Finance Minister ...
RIL gets Platts Global award
NEW DELHI, DEC. 13.Reliance Industries has bagged the `Petrochemicals Company of the Year' at the sixth annual Platts Global Energy Awards ceremony in New York, U.S. This is the first year in which Platts has presented an award in the category ...
Oil imports mount to $20 b in April-November
NEW DELHI, DEC. 13.Indian exports rose by 25.91 per cent year-on-year in November this year to $6.09 billion, pushing up growth in the first eight months of this fiscal to 24.02 per cent translating into exports of $46.3 billion. Similarly ...
Reliance clarifies ONGC investments
NEW DELHI, DEC. 13. Reliance Industries Limited (RIL) today clarified that two private companies Smart Entrepreneur Solutions Limited (SES) and Smart Infosolutions Private Limited which had picked up substantial stake in the ONGC ...
Glenmark's FCCB issue
MUMBAI, DEC. 13. Glenmark Pharmaceuticals is planning to raise up to $100 million by issuing foreign currency convertible bonds (FCCBs) to support business growth plans. The board at its meeting held on December 11 approved the proposal for the ...
SEBI director resigns
MUMBAI, DEC. 13.A. K. Batra, whole-time member of the Securities and Exchange Board of India, has submitted his resignation. The other whole-time member, T. M. Nagarajan, has retired in September. Our ...
M M Forgings bonus shares
CHENNAI, DEC. 13.M M Forgings today decided to approve the issue of bonus shares in the ratio of 1:1 through postal ballot. the company informed the stock exchanges today. ...
ICICI Bank launches online solution
COIMBATORE: ICICI Bank launched its online fee management solution, PAN-India, here on Monday. Its regional head, N. Surianarayanan, said that the solution was specially designed for educational institutions. In the case of institutions that have ...
Training programme for executives
COIMBATORE: The Coimbatore Productivity Council will conduct here a training programme on "continual improvement" with focus on "Kaizen and Suggestion Schemes" on December 17. The programme is designed specially for executive, middle level ...
Zydus signs MoU with Australian group
AHMEDABAD: Zydus Cadila and Mayne Group of Australia have signed a memorandum of understanding for setting up a joint venture to explore business opportunities, including manufacture of cytotoxic (anti-cancer) finished products in the country. ...
ABCI award for Canco Advertising MD
CHENNAI: The Managing Director of Canco Advertising, Ramesh Narayan, was honoured with the Excellence in Financial Communications award for 2003-04 by the Association of Business Communicators of India (ABCI), says a release. The award was ...
Dental surgeons float company
CHENNAI: A group of dental surgeons from different specialities in Chennai have joined together to float a public limited company, Le Forte Dental Paradigm Limited. The company has signed a memorandum of understanding with HDFC Bank (credit cards ...
Fellowship for Powergrid CMD
NEW DELHI: The Chairman and Managing Director of Powergrid Corporation, R. P. Singh, has been admitted to the Fellowship of the Indian National Academy of Engineering. The Indian National Academy of Engineering is an apex body comprising many ...
Award for DSP Merrill Lynch
NEW DELHI: DSP Merrill Lynch has been recognised as the `Best Equity House' in India in the Triple A Country Awards for 2004. DSP Merrill Lynch won the award for introducing innovations in the market and for its involvement in the number of ...
Validation of Southern Online's biodiesel project on
HYDERABAD: German Technical Cooperation (GTZ) has given approval for funding the validation process of the biodiesel project of Southern Online Bio Technologies (SBT) under gold standards. According to a release issued here on Monday, GTZ works ...
DCB revises mortgage rates
CHENNAI: Development Credit Bank has revised the mortgage rates for its home purchase loans, home construction loans and home improvement loans. The fixed and floating rates for home purchase and construction loans are: 8.2 per cent and 7.75 per ...
Ford launches Fusion
MANGALORE: Ford India launched its new Ford Fusion car here on Monday. Announcing the launch at a press conference here V. Sivarama Krishnan, General Manager, Sales, Ford India, said that deliveries would begin late this month. Bookings for the ...
Railways doubles penalty for overloading
NEW DELHI: In order to effectively plug revenue leakages, the Railways has doubled the penalty for overloading of railway wagon beyond the stipulated capacity to six times the freight rates applicable to the highest class. The Railways Ministry ...
New CGM for SBI Chandigarh circle
CHENNAI: The General Manager, Mid Corporate Group, State Bank of India, Hemant Contractor, has been promoted as Chief General Manager and posted to Chandigarh Circle, says a bank release. He joined the bank as Probationary Officer in 1974 and ...
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