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Economy to grow at 6.9 p.c. in 2004-05
NEW DELHI, FEB. 7.A sharp dip anticipated in the growth rate of agricultural production is likely to bring down the overall economic growth, as measured by the gross domestic product (GDP), to 6.9 per cent during the current fiscal as compared to ...
India, Finland to step up bilateral trade
NEW DELHI, FEB. 7. India and Finland propose to step up the level of bilateral trade, which is now considered far below the potential, despite having risen by 41 per cent to $380 million in 2003-04. This was indicated at a meeting between the ...
Merger of cooperative banks on anvil
MUMBAI, FEB. 7. With the Reserve Bank of India issuing guidelines for mergers and acquisitions in the cooperative banking sector, many banks, especially scheduled urban cooperative banks (UCBs), are showing keen interest in taking over sick ...
HDFC Bank, NAFED join hands
NEW DELHI, FEB. 7.The National Agricultural Cooperative Marketing Federation (NAFED) and HDFC Bank have entered into an agreement to provide finance to farmers and cooperatives associated with the agri-marketing federation. This arrangement ...
TAKE Solutions acquires 4Bsoft
CHENNAI, FEB. 7. TAKE Solutions, an integrated business and technology solutions company, said that it had acquired 4BSoft, an IT consulting and services company, for $1 million in an all-cash deal. This acquisition would enable TAKE Solutions ...
SBI to pay $8 m for bank buyout
MUMBAI, FEB. 7.State Bank of India will pay about $8 million for acquisition of 51 per cent stake in Indian Ocean International Bank Ltd (IOIB), a Maruritian bank, and intergrate it with SBI's international business to focus on the retail ...
Gokaldas Exports' IPO
NEW DELHI, FEB. 7.Gokaldas Exports is set to enter the capital market with an Initial Public Offering (IPO) of 31.25 lakh equity shares of Rs. 10 each at a price to be determined through the 100 per cent book-building route. The IPO proceeds ...
Jaiprakash files draft prospectus
NEW DELHI, FEB. 7.Jaiprakash Hydro-Power, a wholly-owned subsidiary of Jaiprakash Associates, will tap the capital market with its maiden public offer of 18 crore shares of the face value of Rs. 10 each in March. The company today filed its draft ...
Punj Lloyd raises $50 million
CHENNAI: Punj Lloyd has raised $50 million through a private consortium led by Standard Chartered Private Equity. The consortium includes Temasek Holdings, Merlion India Fund, New York Life and Jacob Ballas. According to Atul Punj, Chairman and ...
DRL starts clinical trial of cardiovascular drug
HYDRABAD: Dr. Reddy's Laboratories has initiated Phase-1 clinical trials for its cardiovascular drug candidate RUS 3108. According to a release, clinical trials are being conducted in Belfast, Ireland, and will explore the safety and ...
PNB completes computerisation of branches
TIRUCHI: Punjab National Bank has achieved 100 per cent computerisation of branches capturing cent per cent of total business on computers. The bank has set up 490 automated teller machines (ATMs). In addition, a pool of 2,664 ATMs was available ...
Wipro Tech ranks in `fast followers' category
BANGALORE: The global IT services of Wipro Technologies have been ranked in the "fast followers" category in an IDC research report titled "European Managed Services-2004 competitive landscape". According to a statement, the global and European ...
International Chemtech World Expo 2005
MUMBAI: The Chemtech Foundation, promoting the chemical, pharmaceutical and allied industries is organising the 22nd International Chemtech World Expo 2005 from February 8 to 11 in Mumbai. The event is focused on `Innovation for Wealth Creation & ...
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