Online edition of India's National Newspaper
Tuesday, July 26, 2005
CCEA nod for PPP in infrastructure
Projects should have 51 p.c. private stake
VSNL to acquire Teleglobe
$239 m deal to be carried out through amalgamation with a Bermuda subsidiary
Auto testing centres plan approved
Rs. 625-crore for integrated textile parks in 25 locations across the country
Apollo's mini-metros plan
To set up a chain of 120-bed hospitals and cardiac centres
Exemption from BCTT
NEW DELHI: The Centre has decided to exempt inter-bank transactions from levy of the Banking Cash Transaction Tax (BCTT). All scheduled banks have been advised not to collect BCTT on such transactions. A circular to this effect has been issued, ...
RBI optimism on economy
MUMBAI: The Reserve Bank of India on Monday stated that generally positive developments in agriculture, industry and services coupled with upbeat business confidence and expectations in the first quarter have imparted a degree of optimism ...
ICICI Bank ties up with Fortis
MUMBAI: ICICI Bank has entered into a non-equity alliance with the Fortis' private banking division to offer estate planning, trust and corporate services and discretionary asset management to non-resident Indian nationals around the globe as ...
Exim Bank investment in SME
MUMBAI: In line with its policy of making direct equity investment in export-based small and medium enterprises (SMEs), Export-Import Bank of India (Exim Bank) has invested Rs. 5 crore in Bombay Rayon Fashions Ltd (BRFL). This was a maiden equity ...
MSEB to be partner in DPC
NEW DELHI: The Maharashtra State Electricity Board will be the fourth partner with a preferential equity of Rs. 265 crore in the new company created for reviving the beleagured Dabhol power plant lying idle for over four ...
Indian Bank takes possession of property
COIMBATORE: Indian Bank has attached and taken possession of assets mortgaged to the bank for the advance availed from the bank in the name of Rockfort Granites Pvt. Ltd., Umayalpuram, Tiruchi District. According to a bank release, since the ...
Coimbatore Productivity Council's office-bearers
COIMBATORE: The following office-bearers of Coimbatore Productivity Council were elected for 2005-06. R. Vellingiri, Managing Partner, Rangavele Industries (President), P. K. Natarajan, Chief Executive, RVS Educational Trust and Mahendra ...
IOB offers insurance cover to customers
CHENNAI: Indian Overseas Bank has launched `IOB Jeevan' scheme under which all its customers (savings/current/deposit account holders and also borrowers) will get life insurance cover for Rs. 1 lakh renewable on an annual basis, at a nominal ...
Helios & Matheson announces 1:1 bonus
CHENNAI: The board of directors of Helios & Matheson have again recommended issue of bonus shares in the ratio of one share for every equity share held. A dividend of 15 per cent has also been announced on the equity capital doubled by the issue ...
BHEL bags $100 m Indonesian contract
NEW DELHI: Bharat Heavy Electricals Ltd. (BHEL) has bagged a contract for setting up a 120 MW eco-friendly co-generation power plant in Indonesia, despite stiff competition from Chinese suppliers. Valued at about $100 million, the power plant ...
Uniply plans unit in Uttaranchal
CHENNAI: Uniply Industries has decided to put up a panel manufacturing unit at Uttaranchal at an investment of Rs. 18 crore. B. L. Bengani, Chairman and Managing Director of the company has stated in a release that the application for allotment ...
Hispano bags contract for 800 buses
MUMBAI: Hispano Maghreb, the fully owned subsidiary of Hispano Carrocera, in which Tata Motors has a 21 per cent stake, has bagged its largest-ever single contract to supply 800 urban buses to Casablanca's urban transport operator, M'Dina Bus. ...
Course in steel technology
KOLKATA: The Indian Institute of Technology (IIT), Kharagpur, on Monday launched a course in steel technology in association with leading players in the industry to enhance skills of mid-level management professionals. The one-year programme ...
BEL net drops
BANGALORE: The net profit of Bharat Electronics Limited (BEL) has dropped marginally to Rs. 56.59 crore during the first quarter ended June 30, 2005 from Rs. 58.14 crore during corresponding quarter in the previous year. Net sales also declined ...
Vijaya Bank Q1 net down 71 p.c.
BANGALORE: The net profit of Vijaya Bank has dropped by 71.7 per cent during the first quarter of the current fiscal to Rs. 27.56 crore from Rs. 97.55 crore a year ago as diminution in the value of investments transferred from the Available for ...
USFDA nod for Strides Arcolab Bangalore facility
BANGALORE: Strides Arcolab has received approval from the U.S. FDA for its manufacturing site in Bangalore for oral dosage forms. The company informed the Bombay Stock Exchange that its manufacturing site in Bangalore, has been classified as ...
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