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Wednesday, December 07, 2005
IDBI Bank opens data centre at Navi Mumbai
IT infrastructure in the new centre to be centralised
RBI opposes panel views on PN issue
NEW DELHI: The Reserve Bank of India has opposed a Finance Ministry panel recommendations on allowing foreign institutional investors (FIIs) to issue participatory notes (PNs) and permitting them to take exposure in debt instruments. In a ...
Software cos. need access to national labs: Nasscom
Lack of infrastructure to pursue R&D work
Sovereign ratings on India affirmed
NEW DELHI: Praising India for sustaining high economic growth, global rating agency Standard & Poor's on Tuesday retained `BB+' long-term rating for the country with "stable'' outlook but expressed concern over the high fiscal deficit situation
New Taxation Bill introduced
NEW DELHI: Finance Minister P. Chidambaram on Tuesday introduced in the Lok Sabha a Bill to replace an Ordinance amending the Income-tax Act, 1961 and the Finance Act, 2005 so as to provide relief in income-tax and banking cash transaction tax ...
RBI says no change in mid-term policy
MUMBAI: The Reserve bank of India on Tuesday said there would be no change in the central bank's mid-term monetary policy to check inflation and market conditions. "There is no change in the stand from the mid-term policy to check inflation and ...
Everest Kanto fixes issue price
MUMBAI: Everest Kanto Cylinder Ltd has fixed the issue price of its initial public offer at the upper band of Rs. 160 per equity share with face value of Rs. 10 each, the company said in a release. ...
Nestle declares second interim
MUMBAI: Nestle India has declared a second interim dividend of Rs. 18 per equity share on equity shares of Rs. 10 each for 2005. The second interim dividend will be paid on and from December 22. The total dividend during 2005 would aggregate to ...
Jammu Rural Bank to distribute MetLife products
JAMMU: MetLife India Insurance Co. Pvt. Ltd on Tuesday announced that it has signed a memorandum of understanding with the Jammu Rural Bank to sell life insurance products through the bank's network of 90 branches in Jammu, Kathua, Poonch and ...
WestBridge Capital invests in Times Internet
BANGALORE: WestBridge Capital Partners, a venture capital fund, on Tuesday announced an investment of $7 million in Times Internet Ltd, the digital venture of Bennett, Coleman and Co. Ltd (BCCL). WestBridge Capital is the sole investor in Times ...
Ion Exchange merges associate cos. into one
NEW DELHI: Ion Exchange India has announced merger of its four regional associate service companies into a single company Ion Exchange Services Ltd (IESL). With this, the Rs. 280 crore company has four regional offices, 14 branches and 75 ...
Satyam tops Forrester study
HYDERABAD: Satyam Computer Services, a global consulting and IT services provider, has been cited as a top player in the Indian vendor consulting market in "The Forrester Wave: Indian vendor consulting capabilities, Q4 2005 study conducted by ...
Real-time commodity futures prices on SMS
CHENNAI: Multi Commodity Exchange of India Ltd. (MCX), Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL), on Tuesday announced the launch of short messaging service (SMS) to provide real-time prices of commodities futures and spot ...
Centurion Bank of Punjab selects Finacle
MUMBAI: Infosys Technologies has announced that Centurion Bank of Punjab has selected Finacle to power its technology led business transformation initiative in the light of its recent merger. The bank will replace its current system, Equation ...
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