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Friday, July 29, 2005
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Maran urges VSNL to cut bandwidth prices
BSNL has undertaken Chennai-Sri Lanka undersea cable work

Acer India introduces new notebook
Ferrari 4000 has `exceptional connectivity features'

PNB profit up 11 p.c.
To open a branch in Singapore, maintain interest rates

Financial closure for GMR airport project shortly
Likely to commence commercial operations by March 2008, eight-lane expressway on the anvil

Other Stories



Barometer


Briefly
IRDA to drop panel of auditors
NEW DELHI: The Insurance Regulatory and Development Authority (IRDA) has allowed non-life insurers to pick their own auditors instead of relying on its pool of auditors, beginning April next year. ...

BHEL bags Rs. 900 cr. Oman contract
NEW DELHI: Bharat Heavy Electricals has achieved yet another breakthrough in the Gulf market in securing an export contract worth Rs. 900 crore for two turnkey power projects in the Sultanate of Oman. ...

DaimlerChrysler CEO to step down
FRANKFURT: DaimlerChrysler CEO Juergen Schrempp, will step down and turn the top job over to Chrysler head Dieter Zetsche, the company said on Thursday.

IOB to open office in China
CHENNAI: Indian Overseas Bank will be opening a representative office in Guangzhou, China during the second week of August. The representative will function as a liaison office and will also undertake market research on trade and commodities for ...

TN Tele posts Rs. 37 lakhs profit
CHENNAI: Tamilnadu Telecommunications, a telecom cable manufacturer, has achieved a profit of Rs. 37.16 lakhs in the three months ended June 30, 2005, against a loss of Rs. 252.84 lakhs in the corresponding period last year. Sales were higher by ...

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 collaborators in the ...

iGATE appoints new global HRD
CHENNAI: iGATE Global Solutions has announced the appointment of UVG Sekar as senior vice-president and global head of human resources. According to a release, Mr. Sekar will be responsible for overseeing iGATE's human resources strategy. He ...

Sierra Atlantic to expand operations
HYDERABAD: Sierra Atlantic, the Hyderabad-based offshoring enterprise applications firm, has announced that it would establish a new Silicon Valley corporate headquarters and expand its Boston field office. The new headquarters at Fremont, ...

Matrix Labs posts Rs. 25 cr. net in Q1
HYDERABAD: Matrix Laboratories has posted a profit after tax of Rs. 25.29 crore during the first quarter ended June 30, 2005 against Rs. 40.74 crore during the corresponding period previous year. Net sales stood at Rs. 154.33 crore against Rs. ...

Zen Technologies net up 33 p.c.
HYDERABAD: Zen Technologies, manufacturer of advanced training simulators for security forces, registered a profit after tax of Rs. 1.49 crore during the first quarter ended June 30, 2005 against Rs. 1.12 crore in the corresponding period last ...

Dabur Pharma net up by 23 p.c.
NEW DELHI: The net profit of Dabur Pharma rose by 22.7 per cent, to Rs. 6 crore in the first quarter ended June 30, 2005 from Rs. 4.90 crore in the corresponding period in the previous year. Sales surged by 24.5 per cent, to Rs. 73.20 crore from ...

Nitayanand to head Scicom U.S. operations
NEW DELHI: Scicom Infotech has appointed former Satyam Senior Vice-President, Neeraj Nityanand, as the President pf its U.S. operations and global head of sales and marketing. Mr. Nityanand will be primarily responsible for the creation of a new ...

Sharma re-elected chairman of NCHF
NEW DELHI: Deep Chand Sharma, a veteran of the co-operative movement and a political leader of Delhi, was re-elected Chairman of the National Co-operative Housing Federation of India (NCHF) for a five-year term by the newly constituted board of ...

More Hutch orders for Schema
NEW DELHI: Schema, global provider of industry-leading network optimisation solutions, has received orders for its GSM Forte optimisation solution from Hutchison Essar in the circles of Chennai, Karnataka, Rajasthan, Uttar Pradesh (East) and ...

McDowell Q1 net up 90 p.c.
BANGALORE: UB Group company, McDowell and Company, has recorded a 90 per cent jump in its net profit at Rs. 10.38 crore for the first quarter of the current fiscal against Rs. 5.46 crore during the same period last fiscal. Volumes of McDowell's ...

C. R. Kamath, new director of Corporation Bank
MANGALORE: C. R. Kamath, a leading eye surgeon, has been elected as a director on the board of Corporation Bank representing the shareholders of the bank. Dr. Kamath will hold office for three years, says a bank release. ...

Mangalore Chemicals sales up 14 p.c.
MANGALORE: Mangalore Chemicals and Fertilizers Ltd., a UB Group company, posted a turnover of Rs. 172.21 crore for the first quarter of 2005-06, up by 14 per cent over the corresponding period of the previous year. The profit, before tax, has ...

Subex Q1 net up 110 p.c.
BANGALORE: Subex Systems has registered a 110 per cent growth in its net profit at Rs. 8.56 crore in the first quarter of 2005-06 against Rs. 4.08 crore earned during the corresponding period last year. Revenues rose by 82 per cent to touch Rs. ...




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