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Ambiguities deter FDI in real estate
Norms on underdeveloped plots need change

Sabeer Bhatia inspires a virtual support tool
InstaAssist offers remote correction of customer system faults

VAT panel norm for inputs
States can notify items having 50 per cent industrial use

Sensex down 56 points
MUMBAI: : The Sensex corrected downwards after profit-taking pulled down the market by 56 points in volatile trade on the Bombay Stock Exchange (BSE) on Wednesday amid sustained FII inflows. The BSE benchmark 30-share index opened steady at ...

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BEML plans public issue
BANGALORE: Bharat Earth Movers Limited (BEML) plans to raise Rs. 400 crore through a public issue of 72 lakh shares to fund renovation, renewal, replacement of machinery and diversification/expansion programmes, the company said in a statement ...

Anand Jain stays on IPCL board
MUMBAI: Anand Jain, a key confidant of Reliance Industries' Chairman and Managing Director Mukesh Ambani, has not quit the board of the group's petrochemical company IPCL contrary to media reports. "Mr. Jain has not quit IPCL,'' an RIL ...

Wipro bidding for a GM contract
NEW YORK: Wipro is the only Indian outsourcing company bidding for a piece of a large General Motors contract, Richard Garnick, chief executive of Wipro Americas, said on Tuesday in an interview to Reuters. GM now gives Electronic Data Systems ...

Arvind Mills' GDR issue
MUMBAI: Arvind Mills has successfully raised $ 37.19 million through the issue of 13.5 million Global Depository Receipts (GDRs). The GDR was priced at $ 2.7545 (Rs. 120) each against a closing price of Rs. 126.75 per share on the Bombay Stock ...

Uttaranchal Govt. award for BHEL CMD
NEW DELHI: The Chairman and Managing Director, Bharat Heavy Electricals Ltd. (BHEL), A. K. Puri, has received the `Udyog Ratna' award in recognition of his involvement in the economic development of Uttaranchal. BHEL's units in Uttaranchal are ...

Financial Software partners Oriental Bank
CHENNAI: Financial Software and Systems has partnered with Oriental Bank of Commerce to enable prepaid recharging on OBC's 500 plus ATMS. According to a release, the customers of OBC will be able to avail themselves the prepaid recharge facility ...

Firstandsecond.com ties up with HECL
HYDERABAD: Firstandsecond.com , India's biggest online book store, on Wednesday announced its tie-up with Hughes Escorts Communications Ltd. (HECL), a leading satellite service provider. Under this tie-up, customers across India can access ...

ACMA's concern over strike in auto industry
NEW DELHI: The Auto Component Manufacturers Association (ACMA) has expressed concern over the recent cases of strikes in the auto industry. It has warned that it could adversely affect the growth in automobile and allied segments besides ...

ECB disk storage revenue up
NEW DELHI: External controller-based (ECB) disk storage revenue in Asia Pacific (excluding Japan) totalled $373.5 million in the first quarter 2005, registering an increase of 28.6 per cent over the same period of 2004, according to the latest ...

Indo Rama Synthetics net up
NEW DELHI: The net profit of Indo Rama Synthetics for the first quarter of this fiscal has touched Rs. 10.03 crore against Rs. 6.71 crore during the same period last year. Net sales also went up by 20 per cent at Rs. 498.98 crore. The company ...

BharatMatrimony enters offline business
CHENNAI: : BharatMatrimony.com Pvt. Ltd., an online matrimony service provider, has gone from the `click only' to the `click and brick' model. The company has signalled its foray into offline business by setting up its first `BharatMatrimony ...

Vijaya Bank pact with Same Deutz-Fahr
CHENNAI: Vijaya Bank has entered into a memorandum of understanding with Same Deutz Fahr Pvt. Ltd. to help farmers buy tractors on soft terms. The bank will offer loans to farmers having four acres of land. The bank extends an interest concession ...

Award for Bharat Overseas Bank
CHENNAI: The Institute of Economic Studies, New Delhi has conferred the Udyog Rattan Award on the Chairman and CEO of Bharat Overseas Bank, G. Krishna Murthy, for 2004-05, says a release. The Excellence Award in banking was awarded to Bharat ...



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