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Thursday, January 06, 2005
Sensex crashes 192 points on nervous selling
MUMBAI, JAN. 5.Stock markets crashed today after touching the all time high on the first trading day of the New Year. The Bombay Stock Exchange 30-share sensitive index (Sensex) plunged by over 192 points. After touching an intra-day low of ...
Maruti hikes prices
NEW DELHI, JAN. 5.Maruti Udyog Ltd. today announced hike in prices of all models, ranging from Rs. 2,000 to Rs. 3,000, barring the entry-level car Maruti 800. Attributing the hike to rising input costs, the company indicated that the increase ...
`RIL board is proper forum to discuss issues'
MUMBAI, JAN. 5.Reliance Industries Ltd. (RIL) today refuted the charges that some shares, which were acquired by a few companies on merger of RIL and Reliance Petroleum Ltd (RPL) and were held by them to ensure that their economic benefits flow ...
`Centre to divest stake in BHEL, Maruti by March'
NEW DELHI, JAN. 5.The Heavy Industries Ministry has virtually consented to the Finance Ministry's suggestion for part divestment of government equity in Bharat Heavy Electricals and Maruti Udyog in the current financial year. It, however, ...
Bata to raise capital
NEW DELHI, JAN. 5. Bata India today said it was considering increasing its authorised capital by Rs, 10 crores to Rs. 70 crores by issuing additional one crore equity shares of Rs. 10 each. The company would seek the approval of its shareholders ...
BSNL appoints advisor
NEW DELHI, JAN. 5.Morgan Stanely has been appointed as advisor by BSNL to guide it through the process of synergising operations of itself and MTNL as proposed by the Department of Telecom. BSNL has appointed Morgan Stanley as advisor to the ...
Tatas' Bangladesh projects
NEW DELHI, JAN. 5.In a major step towards finalising its proposed investments in Bangladesh, the Tata Group has appointed Manzer Hussain as the group's chief representative based in Bangladesh. "Mr. Hussain, will head the teams conducting the ...
Exit scheme for defunct cos.
NEW DELHI, JAN. 5.Facing the gigantic problem of over three lakh defunct companies, the Government said today a new scheme would be announced this month to enable promoters to close such entities in a "hassle-free'' manner. "We will announce ...
Submission of ESI forms
COIMBATORE: Employers covered under the ESI Act will have to furnish an annual return in Form 01-A to the respective regional office, sub-regional office or divisional office by January 31 every year. According to an Employees' State Insurance ...
IIMB in pact with Infosys
CHENNAI: The Indian Institute of Management, Bangalore (IIMB), and Infosys Technologies have announced a partnership to offer IIMB's post-graduate programme in software enterprise management in Chennai from the academic year 2005-06. Open to ...
Venkat Pharma ties up with Malaysian firm
CHENNAI: Venkat Pharma has entered into an agreement with UPHA Corporation of Malaysia for manufacturing and supplying branded formulations to be marketed in different countries. The company is in the process of upgrading its formulation research ...
Gati's gesture for tsunami relief
CHENNAI: Gati Limited will carry clothes, food and other relief materials free of cost in its cargo ships from Chennai to Port Blair to help tsunami victims in the Andaman & Nicobar Islands. All employees of Gati will also donate a day's salary. ...
Godrej Sara Lee's channel financing model
CHENNAI: Godrej Sara Lee, manufacturer of household insecticides, has tied up with ICICI bank to finance their distributors through the channel financing model. Channel financing was introduced to ease the distribution process. The facility is ...
Triveni Engineering to sub-divide shares
CHENNAI: Triveni Engineering and Industries has informed the Bombay Stock Exchange that an extraordinary general meeting of the members of the company will be held on January 27 for sub-dividing the existing 83.15 lakh fully paid equity shares of ...
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