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Tuesday, June 28, 2005
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Sensex breaches 7200 mark
MUMBAI: The Bombay Stock Exchange sensitive index (Sensex) on Monday crossed the 7200 level for the first time in the history of the exchange and later ended at an all time closing high of 7151.08. The BSE benchmark 30-share sensitive index ...

Ratan Tata's term extended till 2012
NEW DELHI: With the succession battle at Reliance Industries Limited having just ended, the fate of succession in the giant Tata Group also seems to have been decided for the time being. At a recent board meeting, the holding company, Tata Sons, ...

No plans for now to merge IPCL with RIL: Mukesh
Expansion projects to be completed by the middle of next year

Taj takes over management of New York hotel
To invest $35 m on The Pierre renovation

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Barometer


Briefly
REL EGM on July 19
NEW DELHI: Reliance Energy Ltd. will hold an extraordinary general meeting on July 19 to consider a preferential issue of shares in one or more tranches for raising up to Rs. 1,750 crore, the company informed BSE. The price of the equity shares ...

Fiat raises stake in Indian arm
MUMBAI: Fiat India has announced that its parent company Fiat Auto SpA has increased its stake in the Indian subsidiary to 44.61 per cent from the current 19.44 per cent through an investment of Rs. 200 crore. Since 1998, Fiat has made ...

Indian Seamless' settlement with UTI
MUMBAI: The Pune-based Indian Seamless Metal Tubes Ltd. (ISMT) and Indian Seamless Steels and Alloys Ltd. (ISSAL) have jointly negotiated a settlement with the Unit Trust of India (UTI) in respect of their outstanding debts. As per the ...

Torrent to acquire Pfizer group co.
NEW DELHI: The Ahmedabad-based pharma company, Torrent Pharmaceuticals, on Monday agreed to acquire a Pfizer Group company, Heumann Pharma GmbH & Co Generica KG in Germany through its wholly owned subsidiary, Torrent Pharma GmbH, according to a ...

Karnataka Bank to launch new product
COIMBATORE: Karnataka Bank will soon launch "money quick", a scheme through which its customers can transfer money from this bank to another. Its General Manager, Planning, Development and IT, P. Jayarama Bhat, told presspersons here on Monday ...

Bank of India's securitisation effort
COIMBATORE: Bank of India has taken possession of properties of Match Winner Tex Pvt. Ltd., which were pledged in connection with the loan obtained from the bank, under the provisions of Securitisation and Reconstruction of Financial Assets and ...

Accel completes Transmatic Systems acquisition
CHENNAI: Accel has announced the completion of the acquisition procedures of Thiruvananthapuram-based Transmatic Systems and the merger of two of its group companies and Ushus Technologies Private Limited, a Technopark, Thiruvananthapuram-based ...

Aksh Optifibre bags Rs. 96 cr. order
CHENNAI: Aksh Optifibre Ltd. has received a further order of Rs. 96.1 crore, for the AP broadband project, for the supply of optical fibre cables for Phase 1 to be delivered in nine months. The Rs. 395-crore AP broadband project seeks to connect ...

L&T gets NHAI contract
CHENNAI: Larsen & Toubro has secured a contract from the National Highways Authority of India (NHAI) for constructing a six-lane dedicated flyover on National Highway No. 1 in Haryana. ...

Manickam new President of SISMA
CHENNAI: M. Manickam, Vice-Chairman and Managing Director, Sakthi Sugars, has been elected President of the South Indian Sugar Mills Association (SISMA) - Tamil Nadu for 2005-06 at the annual general meeting of the association held recently. ...

Finacle on Pramati Technologies' platform
BANGALORE: Pramati Technologies, a J2EE application server vendor, announced the availability of Finacle universal banking solutions from Infosys on its platform. Finacle core banking solution will support Pramati web server and Finacle CRM ...

Coral Telecom's voice, data exchange
BANGALORE: Coaral Telecom Ltd., a leading manufacturer of telecom equipment, on Monday announced the launch of its cutting edge integrated voice and data exchange, IRIS - IVDX. It is an integrated voice and data switch, which will also help ...

LG launches range of Notebooks
BANGALORE: LG Electronics India Pvt. Ltd. (LGEIL) announced the launch of Notebooks ranging from entry-level to the premium segment. The range include nine models. These latest offerings are in addition to LG's wide range of products in the IT ...

CSG Systems bags award
BANGALORE: CSG Systems, a leading global provider of customer care and billing solutions, on Monday announced that Frost and Sullivan has bestowed the Billing Solutions Vendor of the Year award to CSG's Asia Pacific region, says a ...

AVT Natural net profit doubles
CHENNAI: AVT Natural Products has achieved an increase of 10 per cent in sales to Rs. 57.29 crore in 2004-05 from Rs. 52.03 crore. The profit before tax has increased more than three times to Rs. 6.85 crore. The profit after tax has more than ...

Adapt Software launches portal for SMEs
NEW DELHI: Adapt Software IAP India Pvt. Ltd., the Indian arm of the U.S.-based Adapt Software Applications, on Monday launched a customer self service portal to strengthen its offerings and retain market share in India. This follows the rollout ...

Apar Industries declares 12.5 p.c. final
CHENNAI: Apar Industries has declared a final dividend of 12.5 per cent. This together with the two interim dividends of 7.5 per cent and 10 per cent, takes the total dividend to 30 per cent for 2004-05 against 22.5 per cent in the previous year. ...

Tata Tele's new tariff plans for `walky'
HYDERABAD: Tata Teleservices announced attractive tariff plans for its `walky' subscribers in Andhra Pradesh. Prabhat Pani, Chief Operating Officer, Andhra Pradesh and Karnataka circles, said in a release here that they were taking the ...

Finacle on Pramati Technologies platform
HYDERABAD: Pramati Technologies announced the availability of Finacle universal banking solutions from Infosys on its platform. Finacle core banking solution will support Pramati web server and Finacle CRM solution will support Pramati J2EE ...

New Executive Chairman for Goldstone Tele
HYDERABAD: S. P. Shukla, former Executive Director of BHEL, has joined the board of Goldstone Teleservices as Executive Chairman. In a release issued here on Monday, the company simultaneously announced plans to diversify into production of ...

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