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Thursday, April 07, 2005
Nokia to set up handset plant near Chennai
CHENNAI, APRIL 6. The mobile handset major, Nokia, today announced that Sriperumbedur, about 40 km west of Chennai, would host its first manufacturing facility for phones in the country and the tenth across continents. The plant, on which the ...
Canada sees investment opportunity in infrastructure
NEW DELHI, APRIL 6.Canada today sought to enhance economic and trade ties with India, putting aside the past chill in relations after Pokhran. The visiting Canadian Trade Minister Jim Peterson said five areas had been identified for higher ...
Hyundai launches Tucson
NEW DELHI, APRIL 5.Hyundai Motor India today rolled out Tucson, its second offering in the SUV (sport utility vehicle) segment, enlarging its product portfolio in India. It is hoping to sell 150-200 units of the new vehicle a month and would ...
MUL board clears Rs. 3,272 cr. investment plans
NEW DELHI, APRIL 6. Maruti Udyog Ltd. (MUL) will be investing a total of Rs. 3,271.90 crores for a new car manufacturing plant and a new engine and transmission unit. The new engine unit will make both diesel and petrol engines apart from ...
ITC management, unions sign deal
KOLKATA, APRIL 6. ITC has signed a deal with the unions at its Khidderpore cigarette factory here which will pave way for the induction of technology and process-based re-organisation of work. An ITC release said that the agreement, which takes ...
DIFX deal with TCS
NEW DELHI, APRIL 6.The Dubai International Financial Exchange (DIFX) today said it had signed a contract with Tata Consultancy Services (TCS) for getting the latter's software systems to support its clearing and settlement services. The agreement ...
IDBI's Omnibonds issue
NEW DELHI, APRIL 6.Industrial Development Bank of India today launched the first tranche of IDBI Omnibonds 2005-06 for raising about Rs. 210 crores. The tranche is being issued under the scheme for restructuring of liabilities of IDBI, wherein ...
Allahabad Bank's offer oversubscribed
MUMBAI, APRIL 6.The Initial Public Offering (IPO) of Allahabad Bank has been oversubscribed 3.31 times against the issue size of ten crore shares on the first day of bidding today. Investors have placed bids for over 33.15 crore shares in IPO ...
TCT records higher throughput
TUTICORIN: The Tuticorin Container Terminal (TCT) operated by PSA SICAL Terminals, at the port here, has recorded a throughput by handling 3 lakh TEUs ( Twentifoot Equivalent Units) during 2004, thus registering a 25 percent increase in business ...
R World reaches more subscribers
TIRUCHI: The `R World', the popular mobile data application suite on Reliance India Mobile (RIM) is now available to a majority of subscribers and gets 1.25 to 1.5 billion page views every month. In a statement issued here, the Chief Operating ...
L&T-led consortium bags ONGC order
MUMBAI: A consortium formed by Larsen & Toubro (L&T) and Global Industries Offshore, a leading U.S.-based provider of offshore construction services, has won a Rs. 1,864 crore order from Oil and Natural Gas Corporation (ONGC) for the replacement
Citibank's customer awareness programme
CHENNAI: Citibank has launched `Use Credit Wisely", an innovative financial education programme for its customers aimed at promoting awareness of the benefits and risks of consumer credit. Sarvesh Sarup, Country Business Manager, Global Consumer ...
Elected to CII
KOCHI: M. K. Koshy, chief executive director of L. J. International (AV Thomas group of companies) was elected Chairman and Navas M. Meeran, Managing Director, Eastern Treads, Vice Chairman of the Confederation of Indian Industry Kerala State ...
embWise Tech launches Linux based software
CHENNAI: embWiSe Technologies has released a Linux based embedded SD/SDIO software stack. This software enables device and card designers to develop and integrate SD/SDIO support in the end products. The initial version is supported on embedded ...
Vinod Dasari new COO of Ashok Leyland
CHENNAI: Vinod K. Dasari, Joint Managing Director of Cummins India till recently, has joined Ashok Leyland as Chief Operating Officer. He will head the company's manufacturing, strategic sourcing and corporate quality engineering divisions. Mr. ...
Sierra Atlantic in pact with Grand Central
HYDERABAD: Sierra Atlantic announced a partnership agreement with Grand Central Communications Inc. that enables it to extend the capabilities of Grand Central's award winning Business Services Network' to Sierra's enterprise customers. According ...
New Chairman for CII, AP unit
HYDERABAD: Mahendra Kumar Patodia, Managing Director of GTN Textiles, is the new Chairman of the Confederation of Indian Industry (CII), Andhra Pradesh unit, for 2005-06. He was elected at the annual meeting of the CII , AP unit, held here on ...
SECL plans e-auction system
CHENNAI: South Eastern Coalfields (SECL), a subsidiary of Coal India, is planning to start sale of coal also through e-auction system on a trial basis. To familiarise the prospective buyers with the new system, SECL will organise buyers' ...
Viteos changes name
BANGALORE: Viteos Technologies, an integrated U.S.-India based provider of specialised services to capital market space, has intensified focus on capital market services, having entirely exited its call centre services. It also announced its name ...
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