Online edition of India's National Newspaper
Thursday, March 17, 2005
India for FDI-focussed ties with Japan
NEW DELHI, MARCH 16.India has called for a shift in the emphasis in India-Japan relationship to investment from development aid. India happens to be one of the largest ODA recipients from Japan. "However, in the changed context of our desire ...
Foreign investment approval norms clarified
CHENNAI, MARCH 16.The Centre today clarified that for purposes of application of the revised guidelines on approval of new proposals for foreign/technical collaboration under the automatic route in the case of foreign investors with previous ...
Bosch to source parts from Indian plants
NEW DELHI, MARCH 16.Motor Industries Company Ltd. (MICO), a flagship company of the Euro 40 billion automotive and industrial technology major Bosch Group, today said the company had decided to use India's lower manufacturing cost advantage to ...
CPCL's 3-million tonne refinery on stream
CHENNAI, MARCH 16.The three-million-tonne refining capacity expansion and modernisation project of Chennai Petroleum Corporation Limited (CPCL) in suburban Manali, basically to improve the overall distillates yield and produce cleaner fuel, is ...
YES Bank files prospectus
MUMBAI, MARCH 16.YES Bank has filed a red herring prospectus with the Securities and Exchange Board of India for its forthcoming Initial Public Offering. The IPO includes seven crore equity shares. The price would be decided through a book ...
Plan panel revamps website
NEW DELHI, MARCH 16.The Planning Commission has introduced State-specific web pages in its website to offer detailed information to the public on individual States. The State-specific web pages can be readily accessed from the India map on the ...
Bharti sponsored ADR
NEW DELHI, MARCH 16. Bharti Televentures would file its sponsored American Depository Receipts with the U.S. market regulatory authorities in few months, Sunil Mittal, Chairperson, told reporters on the sidelines of a CII function. ...
BT's investment plans
NEW DELHI, MARCH 16.British Telecom (BT) today announced a further investment of $48 million in Asia Pacific for upgrading key IP platforms and the transfer of services on to an integrated platform for voice, video and data. ...
UTI Bank's GDR issue
MUMBAI, MARCH 16. UTI Bank has raised $239.30 million through the issue of 40.49 million Global Deposit Receipts (GDRs), excluding the greenshoe option. Placed through the book-built route, each GDR represented one underlying share and it would ...
Amara Raja to open more PitStops
CHENNAI: Amara Raja Batteries plans to open ten new Amaron PitStops in Tier-II towns this month. Amaron PitStop is a retailing concept created by ARBL in the battery industry. Amaron brand of batteries could be bought in these PitStops, where the ...
HDFC MF raises stake in VIP Ind
MUMBAI: HDFC Mutual Fund has acquired three lakh shares of VIP Industries, amounting to 1.95 per cent of the paid-up capital of the travel luggage-maker and increasing its stake to 6.51 per cent in the company. After the acquisition, which was ...
Capco opens development centre
BANGALORE: Capco, a Belgian IT company, on Wednesday opened its development centre here and has planned to hire over 50 professionals this year. The Prince of Belgium, Prince Philippe, inaugurated the centre. According to Rob Heyvaert, Chairman ...
TVS Finance to issue preference shares
CHENNAI: TVS Finance and Services Ltd. has convened an extraordinary general meeting of shareholders on March 28 to approve a proposal to increase the authorised share capital of the company by suitably amending the memorandum of association. In ...
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