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Friday, September 30, 2005
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UTI AMC sale to 4 sponsors cleared
Transfer likely to become effective from Oct. 1

SBICAP's retail foray
Plans to offer portfolio management service; to apply for DP

Chambers criticise strike
NEW DELHI: Industry bodies on Thursday voiced their opposition to the nationwide strike saying that it was totally uncalled for. The strikes are harmful for the country as they have short-term and long-term implications for its economy. ...

Nipuna achieves eSCM level 4
Guide to evaluate, select and monitor service providers

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Barometer


Briefly
Gold shoots up
MUMBAI: Gold prices shot up by a steep Rs. 90 to Rs. 6,775 per ten grams on the bullion market here on Thursday due to frantic buying after a steep rally in the overseas prices. ...

India's InIP improves
MUMBAI: The Reserve Bank of India on Thursday said in a release that India's net international investment position (InIP) has increased by $6 billion to negative $40.88 billion at the end of 2004-05 against negative $47.01 billion at the end of ...

Taj group to set up hotel in Agartala
GUWAHATI: Taj Group of Hotels has moved into the northeast, with their first hotel coming up in Agartala with an investment of Rs. 100 crore. The memorandum of understanding between the Taj Group of Hotels and the Tripura Government was signed ...

Unibic to use Bradman's name
NEW DELHI: The Bradman Foundation has given the go-ahead to Unibic Biscuits India Private Limited to use the legendary batsman's name for its cookies. Launching the cookies here on Thursday, the Managing Director of Unibic Biscuits, D. D. ...

Set up consumer redressal mechanism
NEW DELHI: Rejecting a TRAI proposal for appointing an Ombudsman for the telecom sector, the Department of Telecom has asked all the access providers to set up Consumer Grievance Redressal Mechanism in their companies. ...

Chola MF launches tax saver fund
CHENNAI: Chola Mutual has come out with `Chola Tax Saver Fund', an open-ended equity linked savings scheme. Individuals and HUFs investing in this fund would be able to avail themselves of tax deduction up to Rs. 1 lakh under Sec. 80C of the ...

Principal PNB's new mutual fund scheme
CHENNAI: : Principal PNB Asset Management Company, in association with Vijaya Bank, has launched its new mutual fund scheme, Principal Large Cap Fund. The fund will invest in stocks having a market capitalisation equal to or greater than Rs. ...

Central Bank merges three RRBs
MUMBAI: Central Bank of India has amalgamated its three Regional Rural Banks (RRBs) in Maharashtra into one entity, Vidharbha Kshetriya Gramin Bank, with headquarters in Akola. "The bank proposes to merge the sponsored RRBs in Bihar and Madhya ...

Geojit opens office in Erode
CHENNAI: Geojit Financial Services has opened its third office at Erode. According to K. V. Sanil Kumar, Assistant Vice-President, the company will open more than 300 offices by this financial year end. It will open offices in Kovilpatti, ...

SAAG RR Infra bags order
CHENNAI: SAAG RR Infra has bagged an order worth Rs. 6.92 crore from National Thermal Power Corporation, Visakhapatnam. The work includes architectural design, structural design and construction of administrative building at Simhadri, ...

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