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Tuesday, March 15, 2005
Special dividend from Nestle
NEW DELHI, MARCH 14.The board of directors of Nestle India has recommended a special dividend of Rs. 4.50 per equity share for the year 2004, subject to approval of the shareholders. The company has posted a 4.24 per cent dip in net profit at Rs. ...
Jet Airways scrip zooms on listing
MUMBAI, MARCH 14. Jet Airways today took off on full throttle on its debut on both bourses with the scrip soaring to highs on heavy buying posting a combined market capitalisation of over Rs. 22,000 crores at the National Stock Exchange and the ...
Oil companies may revert to price band
NEW DELHI, MARCH 14. The Union Petroleum Minister, Mani Shankar Aiyar, will seek Cabinet approval within a month for a comprehensive pricing policy for petroleum products, taking into account implications of the latest budget proposals. ...
'Indian stock markets are a good bet'
CHENNAI, MARCH 14.Taking an optimistic view of the robust growth of the Indian economy, Alan Jacobs, Senior International Economist and Strategist of the Sydney-based AMP Capital, said Indian stock markets were a good bet given the current global ...
Sensex drops 44 points on fresh selling
MUMBAI, MARCH 14. Notwithstanding sustained inflow of foreign investments, the Sensex today ended down by another 44 points in highly volatile trading, extending its losses to second straight session due to fresh selling pressure from mutual ...
SBI Life launches Keyman policy
MUMBAI: SBI Life Insurance today launched Keyman Insurance policy to provide cover to key members of a company who are major contributors to growth and profits and whose absence may affect the business. The main objective of the Keyman Insurance ...
Mid-cap fund from Bajaj Allianz
NEW DELHI: Bajaj Allianz Life Insurance Company today launched a mid-cap fund for its unit-linked plans. This enhances its ULIP product portfolio to six, offering more choice for the policyholders to select funds for investment suiting own ...
Sonnen enters insurance broking
NEW DELHI: Another private sector player, Sonnen Insurance Broking Services Ltd., is in the fray to mop up business in non-life insurance. Sonnen has formally launched its business with the objective of catering to the needs of corporates and ...
Solectron bags ABB order
NEW DELHI: Semiconductor major Solectron Centum Electronics has bagged a Rs. 88-crore order from ABB India and ABB U.S. for supply of printed circuit board assemblies (PCBA). The initial contract value is Rs. 88 crores and the order is to be ...
TVS Finance to issue preference shares
CHENNAI: TVS Finance and Services Ltd. has convened an extraordinary general meeting of the shareholders on March 28 to approve a proposal to increase the authorised share capital of the company by suitably amending the memorandum of association. ...
SBI Card to partner NGOs
MUMBAI, MARCH 14.SBI Card today announced the launch of a partnership with four prominent Indian non-government organisations (NGOs) through its credit card. The NGOs Cancer Patients Aid Association (CPAA), National Association for the ...
IDBI Bank's ESOP plan
MUMBAI, MARCH 14.IDBI Bank has allotted 5.05 lakh shares of Rs. 10 each to its employees under the Employee Stock Option Plan. The Remuneration Committee of the bank approved the allotment, the company informed the Stock Exchange, Mumbai here ...
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