The Hindu : Business News : Wednesday, November 09, 2005

Online edition of India's National Newspaper Wednesday, November 09, 2005

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Snow favours more FDI in infrastructure
To discuss with P. Chidambaram emerging market economies today Opening up of financial sector will bring in resources

U.S. signs deal with China on textiles
Deal set to take effect from January 1

TCS buys Chilean BPO firm
To invest in Comicrom to strengthen IT systems

CUB comes under National Switch
ATM cards can be used across 15 banks

Take a more proactive role on TBTs, industry told
BIS will function like an `information counter' on Technical Barriers to Trade

Other Stories

Indian Bank net up in H1

Piramyd fixes price band

Sensex gains further

DRL to acquire Roche's Mexico business

IBM to buy Network Solutions

Barometer

Bullion rates

Exchange rates

Briefly
Rupee rallies
MUMBAI: The rupee rallied to close at 45.77/78 a dollar on Wednesday after the Reserve Bank of India's intervention. Fresh foreign institutional investment inflows also helped the currency to recover from new 13-month low of 46.05/06 struck in ...

Nod for IISCO-SAIL merger
NEW DELHI: Shareholders of Steel Authority of India Ltd. (SAIL) on Tuesday voted on the scheme of amalgamation of the public sector steel major's wholly-owned subsidiary, Indian Iron & Steel Co. Ltd (IISCO), at an extraordinary general meeting ..

NHPC to mop up Rs. 27,000 cr.
NEW DELHI: The National Hydroelectric Power Corporation Ltd (NHPC) plans to mop up Rs. 27,000 crore from the open market to partially finance its Rs. 60,000-crore capacity addition programme by 2012. Of the total cost, the company expects to ...

Thapar Group forays into BPO segment
MUMBAI: The Thapar group on Tuesday announced its foray into the business process outsourcing segment by forming a 70:30 joint venture with U.S.-based healthcare service provider Option Care Inc. The company, to be called Salient Business ...

Welspun Gujarat bags Canadian order
CHENNAI: Welspun Gujarat Stahl Rohren, the flagship company of the Rs. 22 billion Welspun group, has received an order for Rs. 301.50 crore from Story Transgas (Canadian gas company), the EPC contractor of Sonatrach, Algeria. According to a ...

Computer Associates signs agreement with Rolta
MUMBAI: Computer Associates (CA) has signed a three-year agreement with Rolta to provide implementation, customisation and integration services to CA customers across North America. CA will use Rolta's onshore and offshore resources to supplement ...

Hotel and Restaurant Policy from Chola MS
CHENNAI: Cholamandalam MS General Insurance (Chola MS), a Chennai-based joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Group of Japan, on Tuesday announced the launch of its Hotel and Restaurant Package Policy, Chola ...

Bank of Baroda's 24-hour service at Tirumala
CHENNAI: Bank of Baroda has commenced 24-hour banking service at its Tirumala branch. T. Subba Rami Reddy, MP., and Chairman of Tirumala Tirupathi Devastanam, inaugurated the service. The Chairman and Managing Director of the bank, Ail K. ...

Kenexa gets Forbes.com recognition
HYDERABAD: Kenexa, a Nasdaq listed company providing talent management solutions, has announced that it has once again received recognition as a Forbes.com Best of The Web pick for Fall 2005 in the Human Resources category. The Best of The Web is ...

Flex Industries' expansion plan
MUMBAI: Flex Industries will invest $50 million in its expansion programme for the manufacture of polyester film and PET chips. The board of directors has approved the expansion programme which is proposed to be set up by its wholly owned Dubai ...

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