Online edition of India's National Newspaper
Wednesday, November 23, 2005
RBI issues norms on credit cards
Unsolicited loans should not be offered
HPCL to diversify
To invest Rs. 100 cr. for its foray into wind energy
VSNL ties up with Microsoft
To launch web conferencing
UFO to invest Rs. 300 cr.
The company will initially set up 500 digital movie halls by mid-2006
Morgan Stanley Fund rights offer
NEW YORK: Morgan Stanley India Investment Fund Inc. has announced a rights offer to its shareholders for 23 days from November 21. The Fund is issuing non-transferable rights entitling shareholders to subscribe for an aggregate of about 5.34 ...
Indian Oil to raise $250 m
NEW DELHI: The Indian Oil Corporation on Tuesday said it planned to raise $250 million from the world market to meet its capital expenditure requirements, with a green shoe option of $50 million, IOC Director (Finance) S. V. Narasimhan said. ...
India Fund launched in Kuwait
DUBAI: India Fund, which offers new investment opportunities for NRIs, Kuwaitis, Gulf Cooperation Council (GCC) citizens, foreigners and institutions, has been launched in Kuwait. The Kuwait Clearing Company, managed by the Al-Madina for Finance ...
HCL to sign pact with Netherlands firm
MUMBAI: HCL Technologies on Tuesday said it would be signing an offshore IT frame agreement with Netherlands-based insurance group, AEGON on Wednesday.
KPIT Cummins to buy French firm
MUMBAI: KPIT Cummins Infosystems Ltd., an IT consulting organisation, has entered into a definitive agreement to acquire Pivolis, a French company, providing offshore consulting services. KPIT Cummins will acquire substantial stake in Pivolis ...
NIC aims at Rs. 4,000 cr. premium income
KOLKATA: National Insurance Company (NIC) is targeting a premium business income of Rs. 4,000 crore in 2005-06 as compared to Rs. 3,810.70 crore in the previous year. It is now restructuring the composition of its underwriting portfolio, ...
Parryware's Perundurai unit taking shape
TIRUPUR: The bathroom products major, Parryware's manufacturing facility at Perundurai in Erode district will become operational by March 2006. Its Chief Executive Officer, K. E. Ranganathan told reporters after inaugurating a new showroom here ...
Syndicate Bank plans subsidiary for BPO work
HYDERABAD: A fully-owned subsidiary to take up business process outsourcing work is being planned by Syndicate Bank. In principle, the government had approved the proposal, said N. Kantha Kumar, the bank's Chairman. In a release, he said the BPO ...
Interwoven opens new R&D centre
BANGALORE: The U.S.-based enterprise content management solutions provider Interwoven on Tuesday opened its new research and development centre in Bangalore. James Murray, Vice-President, Asia-Pacific Operations, Interwoven, told reporters here ...
Kingfisher signs pact with Emirates-CAE
CHENNAI: Emirates-CAE Flight Training (ECFT) has been awarded a multi-year contract for pilot training on Airbus A320 aircraft by Kingfisher Airlines. The training programme includes both instruction and simulator time for initial and recurrent ...
SaharaOne deal with Spacetoon
CHENNAI: Sahara One Television has signed an MoU to source content from Spacetoon Media Group, Middle East's largest kids' entertainment brand for animation and live action content. Under the MoU, Sahara One will telecast an hour of animation ...
Jewels 2005 expo in Chennai
CHENNAI: Zak Trade Fairs & Exhibitions Private Limited is organising the 66th Zak Jewels 2005 show at Chennai Trade Centre between November 26 and 28. According to a release, about 30 direct manufacturers of jewels from Kolkata, Mumbai, Jaipur,
TAKE Solutions appoints new director
CHENNAI: TAKE Solutions Pte. Ltd., a technology enabled business solutions company, on Monday announced the appointment of D. A. Prasanna as an independent director on its board. He was formerly Vice-Chairman on the board of ...
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