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Saturday, May 14, 2005
TRAI proposes lowering spectrum charges
Recommends constitution of a Group of Ministers
Tata favours one-time licence fee for spectrum allocation
CHENNAI: The Tata Group Chairman, Ratan Tata, has opposed allocation of spectrum for third generation (3G) telecom services free of cost. Instead, he favours a fixed one-time-licence-fee model in which each of the telecom operators will pay ...
VAT not inflationary so far, says government
Clarifies confusion relating to maximum retail price
Tatas to enter drug discovery business
Rallis to transfer knowledge services business to Tatas
Inflation slides to 5.67 p.c.
NEW DELHI: Halting the upward march for four consecutive weeks, the inflation rate slid marginally by 0.24 percentage point to 5.67 per cent during the week ended April 30, mainly on account of lower prices of food items and certain manufactured ...
Director General of DGH on ONGC board
NEW DELHI: The Union Petroleum Ministry has nominated V. K. Sibal, Director General of the Directorate General of Hydrocarbons, on the board of Oil and Natural Gas Corp, a move seen as conflicting with DGH's role as sector regulator. ...
Regulations for broking subsidiaries
MUMBAI: The Securities and Exchange Board of India on Friday said the broking subsidiaries of bourses and their registered sub-brokers will have to comply with the regulations for brokers and sub-brokers from June 1. The subsidiaries to the ...
IDBI modifies Omnibonds terms
NEW DELHI: Industrial Development Bank of India has modified the term of IDBI Omnibonds launched on Friday from ten years and three months to seven years. It will be raising Rs. 15 crore through the Tier-II bonds, it informed the National Stock ...
Marketing workshop for textile units
COIMBATORE: The Textiles Committee and the Sardar Vallabhbhai Patel Institute of Textile Management will conduct here a workshop on export marketing in textiles on May 21 and 22. The objective is to educate the textile manufacturers of yarn, ...
Tata AIG declares 3.5 p.c. bonus
MUMBAI: Tata AIG Life Insurance Company (Tata AIG Life), a joint venture of the Tata group and American International Group, on Friday announced a reversionary bonus of 3.5 per cent of the sum assured for the year ended 2004-05. This bonus is ...
Ashok Leyland pact with Scandent arm
CHENNAI: Ashok Leyland has entered into a deal with MatrixOne India, a subsidiary of Scandent, for implementing end-to-end PLM (product lifecycle management) solution for Ashok Leyland. The value of the contract is $1.5 million. The PLM ...
On tap sale of Tamil Nadu Govt. loan
CHENNAI: The Government of Tamil Nadu has offered to sell on tap 7.77 per cent State Development Loan 2015, having a maturity of ten years. The sale will be held at the Reserve Bank of India office in Chennai and Mumbai on May 17, according to a ...
Rana Sugars net doubles
CHENNAI: Rana Sugars has doubled its net profit for the quarter ended March 31, 2005 to Rs. 10.52 crores. The net profit for the whole year has risen to Rs. 20.67 crores from Rs. 7.10 crores. The turnover has increased to Rs. 132.46 crores from ...
Bhagyanagar Metals income up
CHENNAI: Bhagyanagar Metals has reported a 64 per cent rise in its income from operations to Rs. 158.46 crores from Rs. 96.50 crores while the profit after tax rose to Rs. 26.96 crores from Rs. 9.43 crores. The company will be paying a dividend ...
Vanavil Dyes recommends 20 p.c.
CHENNAI: The directors of Vanavil Dyes and Chemicals have announced a dividend of 20 per cent for the year ended March 31, 2005 against 15 per cent in the previous year. Net sales were higher at Rs. 50.87 crores against Rs. 34.42 crores and the ...
Packeteer opens support centre in Bangalore
BANGALORE: U.S. networking company, Packeteer, has announced the opening up of a support centre in Bangalore to serve its growing clients in the country. Company President and CEO, Dave Cote, told newsmen here that the Centre would, at a later ...
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