Online edition of India's National Newspaper
Thursday, December 23, 2004
`Law needs more teeth to take on counterfeiting'
MUMBAI, DEC. 22. Hindustan Lever Ltd. (HLL) loses around Rs. 1,500 crores annually owing to a rampant counterfeiting industry. Speaking to the media on the eve of Consumer Day, which falls on December 23, M. K. Sharma, Vice Chairman, HLL, said ...
New product from IDBI Bank
MUMBAI, DEC. 22. IDBI Bank has clocked about 30 per cent growth in credit pick-up with customer assets base close to Rs. 13,000 crores by the end of November. The bank, which is to be merged with the Industrial Development Bank of India, had ...
Bhushan's galvanized steel mill on stream
MUMBAI, DEC. 22.Bhushan Steel & Strips, a leading cold rolled steels manufacturer with an installed capacity of nearly one million tonnes, has successfully commissioned the largest pre-painted galvanized steel line at Khapoli, Maharashtra. The ...
IOC-IBP swap ratio approved
NEW DELHI, DEC. 22.The Indian Oil Corporation (IOC) today approved a share swap ratio for merging its subsidiary IBP Co with itself, an amalgamation that will help it save about Rs. 45 crores annually in overhead expenses. "Our board of ...
Safer credit cards
MUMBAI, DEC. 22.The Reserve Bank of India has set up a working group that will suggest a regulatory mechanism and measures for the usage of credit, debit and smart cards in a safe, secure and customer friendly manner. The working group has ...
UTI Bank extends CMD term
MUMBAI, DEC. 22.The UTI Bank board today decided to extend the term of P. J. Nayak, Chairman and Managing Director of the bank as CMD till 2010. Last week, the board had split the CMD's post and offered the post of Managing Director to Mr. ...
LG India MD elevated
NEW DELHI, DEC. 22.In a strategic move, LG Electronics has elevated K. R. Kim, Managing Director, LG Electronics India, to the position of President of South West Asia LGE.
Sanmar takes stake in ICL
NEW DELHI, DEC. 22.Sanmar International has acquired 4.9 per cent of the total paid up capital of India Cements. The date of acquisition was December 16, the National Stock Exchange was informed today by India Cements. The shareholding of SIL, ...
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