Online edition of India's National Newspaper
Friday, December 17, 2004
Online edition of India's National Newspaper Friday, December 17, 2004 |
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Sensex climbs to new peakMUMBAI, DEC. 16. The Sensex today once again climbed to a new lifetime closing peak of 6420.38 in low volume, driven by unabated foreign institutional investment inflows into the booming bourses. Jumping yesterday's record high, the BSE ... RBI hints at stringent liquidity control measures KOLKATA, DEC. 16. The Reserve Bank of India today said the bank would use all its instruments to manage liquidity in the system following increased FII (foreign institutional investors) inflow. "We will continue to use all the instruments that ... 
Rupee breaches 44 a dollar markMUMBAI, DEC. 16. Breaching the crucial 44 a dollar barrier, the rupee today scaled a nine-day closing peak of 43.89/91 a dollar, driven-up by unabated foreign institutional investment inflows into the booming stock markets amidst renewed dollar ... Lodha's petition: court to take up only 1999 Will KOLKATA, DEC. 16. The Birla-Lodha case today took an important turn with Justice Kalyan Jyoti Sengupta passing an order in the five-month old dispute over the ownership of the assets of M. P. Birla. Mr. Sengupta today discharged the caveat ... Other Stories
Barometer Briefly Gupta to head NHB MANGALORE, DEC. 16.The Executive Director of the Mangalore based Corporation Bank, P. K. Gupta, will head the National Housing Bank. Prior to joining Corporation Bank, Mr. Gupta was working as General Manager in Punjab National Bank. ... Ranbaxy drug for U.S. market NEW DELHI, DEC. 16.Ranbaxy Laboratories today announced that Teva Pharmaceuticals, under a mutual agreement, has commercially launched its Quinapril HCL tablets in the U.S. The product, manufactured by Ranbaxy, would be sold in the U.S. under ... ABN AMRO to cut jobs AMSTERDAM, DEC. 16.ABN AMRO NV said on Thursday it will cut 2,850 jobs in dozens of countries in an effort to save euro770M (around $1 billion) annually from 2007. The restructuring will cost the bank a one-time net charge of euro530 million ... Andhra Bank disburses education loan COIMBATORE: Andhra Bank has disbursed about Rs. 500 crores as education loan and the recovery rate had been "exemplary", according to its Chairman and Managing Director, T. S. Narayanasami. He told presspersons here on Tuesday that the bank would ... Symposium on textile machinery COIMBATORE: The U.S. Commercial Service of the U.S. Consulate General, Chennai, and Coker International, South Carolina, the U.S., are jointly organising symposiums in this region for the sale of second-hand textile machinery. According to a ... Dhanalakshmi Bank pact with TAFE CHENNAI: Dhanalakshmi Bank has signed a memorandum of understanding with TAFE for financing tractor loans. The MoU was signed by T. R. Madhavan, Managing Director, and S. Chandra Mohan, Vice President (Finance) recently. Under the MoU, the bank ... Windshield opens second outlet CHENNAI: Windshield Experts has opened its second retail service outlet in Chennai. With the opening of the new retail outlet, Windshield Experts has a total of 22 retail outlets with a presence in Delhi-NCR, Punjab, Chennai, Bangalore, Jaipur, ... Protech Soft achieves CMMI Level 5 CHENNAI: Protech Soft Systems and Protech Solutions of the U.S. have achieved Level 5 of the Capability Maturity Model Integration (CMMI) of the Software Engineering Institute of Carnegie Mellon University of the U.S. Protech group is ... Automartindia to widen network PANAJI: Automartindia has plans to open 25 more outlets by the end of this financial year and to increase sales by 3,000 to 4,000 units. Automartindia is present in 51 locations selling around 800 cars a month within two years of its entry in to ... Grandix Pharma to tap export markets CHENNAI: Grandix Pharmaceuticals has fostered strategic tie-ups with the U.K.-based Kareeb Chempharm and the U.S.-based Neurosci Inc. to tap its export potential and market its products through these companies in the U.S. and European markets. ... HP, Veritas extend alliance NEW DELHI: Hewlett Packard and Veritas Software Corporation have expanded their long-standing alliance by naming Veritas products as HP's preferred file system and volume management solutions for HP-UX 11i operating environment. Under a ... Idea Cellular's new scheme NEW DELHI: Idea Cellular on Thursday announced a unique scheme for its prepaid Chitchat subscribers to reap more benefits by remaining longer on the network. A subscriber get bonus talktime depending on how longer he stays on Idea network. With ... Siemens' mobile networks for Railways NEW DELHI: Siemens Communications Group has received orders from India and China to build mobile networks for railroad communication, hence achieving a breakthrough for the GSM Railway (GSM-R) communication platform on the Asian market. In India, ... Hindustan Info launches ultra thin notebook NEW DELHI: Hindustan Infosystems on Thursday launched its first Mobile AMD Athlon XP-M 1600-based ultra thin wi-fi enabled notebook, HIL E-21. With an advanced 12.1 inch TFT screen with XGA resolution, the model is priced at Rs. 44,500. — ... BHEL wins Rs. 1,198 crore turnkey contract NEW DELHI: Bharat Heavy Electricals Limited (BHEL) has won a contract for setting up two units of 210 MW each at Bakreswar thermal power station (TPS) in West Bengal on a turnkey basis. The project is being funded by the Japan Bank for ... Cerilliant selects Ocimum solution HYDERABAD: Ocimum Biosolutions, which provides information management system (LIMS) announced that the Texas-based Cerilliant Corporation has selected its Pharmatracker, a LIMS solution, to integrate and maintain their multiple labs, which ... Meet on biotechnology HYDERABAD: BioAsia 2005, the second edition of the biotech event would be held here from February 10 to 12. It is being jointly organised by the Andhra Pradesh Government, Genome Valley, and all India Biotech Association-Southern Chapter. The ... TiE Global trustees to meet KOCHI: The board of trustees of The Indus Entrepreneurs (TiE), members of TiE Global, Silicon Valley, California, will be visiting Kochi on Decembr 26. They include Desh Deshpande, Chairman of Sycamore Network, U.S., Sridhar Iyengar, President, ... Art Karat to hold show KOCHI: Art Karat is bringing the latest range of "Desire" designed by Asha Kamal Modi and the jewellery show will be at Hotel Abad Plaza from December 17 to 19. — Our Special ... Other Stories
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