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Wednesday, August 31, 2005
SBI to unveil global acquisition plans
Banks have to prepare themselves to grapple with challenges, says C. Rangarajan
FM asks banks to be ready for M&As
No intention to privatise PSBs
Trent takes 76 p.c. stake in Landmark
Noel Tata sees significant synergies in the partnership
ESOPs out of FBT net
Spending on celebrity endorsement to attract levy
NDTV, Astro Broadcast form joint venture
MUMBAI: New Delhi Television Limited (NDTV) and Astro Broadcast Corporation Ltd, Kuala Lumpur, Malaysia, have signed a term sheet that proposes to establish a joint venture company for setting up and broadcasting 24-hour channels in South East ...
Bajaj Hindusthan to buy stake in PSIL
MUMBAI: Bajaj Hindusthan on Tuesday said it would acquire 55 per cent stake in Pratappur Sugar and Industries Ltd (PSIL), a listed company, from its existing promoters, the company informed the Bombay Stock ...
Nortel opens three new offices
MUMBAI: Nortel on Tuesday announced the establishment of new offices in Chennai, Hyderabad and Kochi to expand its presence in India. Nortel now operates from Mumbai, Delhi, Bangalore and Kolkata. The three new South India sites bring the total ...
Prajay Engineers to raise $75 m
MUMBAI: Prajay Engineers Syndicate Ltd, a Hyderabad-based construction company, on Tuesday said it would raise $75 million through the issue of Foreign Currency Convertible Bonds or Global Depository Receipts, the company informed the Bombay ...
KPMG settles tax shelter case
NEW YORK: Accounting firm KPMG on Monday agreed to pay $456 million to settle accusations it sold fraudulent tax shelters, as it sealed a deal with the government to avoid a criminal indictment that might have crippled the firm. ...
TEL gets ISO 14001 certification
VELLORE: Tamil Nadu Industrial Explosives Limited (TEL), Vellore, has been awarded the ISO 14001:2004 certification by RWTUV Systems, Germany, for satisfactory maintenance of the environmental management system for design, development, ...
Maiden dividend from UTI Banking Sector Fund
CHENNAI: UTI Banking Sector Fund declared a tax-free dividend of 25 per cent (Rs. 2.50 per unit of the face value of Rs. 10). This is the maiden dividend declared by the Fund since its launch in March 2004. The record date is September 22. ...
Zicom launches Z-Security
CHENNAI: Zicom Electronic Security Systems has announced its strategic alliance with Bosch Security, Cholamandalam MS General Insurance Company and Topsgrup. They have launched Z-Security, having the capabilities of capturing video signals and ...
UTI MF opens two financial centres
CHENNAI: UTI Mutual Fund has announced the opening of two new UTI Financial Centres (UFCs) in Chennai one at North Usman Road, T.Nagar and another at Anna Nagar. K. C. Chakrabarty, Chairman and Managing Director, Indian Bank, inaugurated ...
1:1 bonus from Sterling Tools
CHENNAI: The directors of Sterling Toools, manufacturers of fasteners, has recommended the issueof bonus shares in the ratio of one share for every equity share. The existing capital of the company is Rs. 3.42 crore. The operating profit of the ...
Karnataka Bank widens ATM network
MANGALORE: Karnataka Bank has widened the network of its ATMs by adding 13 more banks to the existing sharing arrangement with Corporation Bank by joining the National Financial Switch (NFS). a network system of IDRBT (Institute for Development ...
Shree Renuka Sugars plans IPO
BANGALORE: Shree Renuka Sugars plans to float a public issue of equity shares at a premium aggregating Rs. 100 crore with a greenshoe option of Rs. 10 crore through a book-building process. The public issue is expected to hit the market in ...
South Indian Bank's extension counter
MANGALORE: The extension counter of the Mangalore branch of South Indian Bank was inaugurated on the premises of St. Joseph Engineering College, Vamanjoor, near here on Monday. V. P. Joseph, General Manager of SIB, presided over the function. ...
AnandRathi opens branch in Mangalore
MANGALORE: AnandRathi, a securities firm, opened its branch in Mangalore on Monday. This is the eighth branch of the firm in Karnataka, Manoj Shenoy, Regional Director, told presspersons here. Its services include stock broking, commodity ...
Cranes' preferential issue
BANGALORE: Scientific and engineering software solutions provider Cranes Software International has announced plans to issue up to eight lakh equity shares of Rs. 10 each on a preferential basis to promoters or promoter group and four lakh ...
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