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Saturday, January 07, 2006
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Strategic crude reserve gets nod
To be built at Vizag and Mangalore

IPO scam: RBI seeks explanation from banks
Indications are that it is a violation by select branches

Bycell JV for cellular services
Spanish venture for desalination project among FDI proposals

Guilty will be punished: FM
MUMBAI: Union Finance Minister P. Chidambaram on Friday said stringent action would be taken against those involved in the multiple demat account scam, which was unearthed by capital market regulator recently. "Its a systemic failure", Mr. ...

LVB ties up with i-flex, Wipro Infotech
The new IT initiative will enhance quality of service

Other Stories



Barometer


Briefly
SEs to inform SEBI on Cl-49 compliance
NEW DELHI: The Securities and Exchange Board of India on Friday is awaiting information from bourses about India Inc's compliance to corporate governance norms within the next 10-15 days, SEBI Chairman M. Damodaran said on the sidelines of a ...

DGH says no delay by Reliance
NEW DELHI: The Directorate General of Hydrocarbons has given a clean-chit to Reliance Industries on alleged delay in gas production from its field in the Bay of Bengal, saying delay in Government approval for the pipeline to transport the gas was ...

Dadiseth to join Goldman Sachs
NEW DELHI: Goldman Sachs on Friday announced the appointment of Keki Dadiseth as an international advisor. He would be providing strategic advice to the global investment banking, securities and investment management firm on economic issues and ...

Exim Bank's Line of Credit to Cote d'Ivoire
MUMBAI: The Export-Import Bank of India has concluded an agreement with the Government of Cote d'Ivoire making available to the latter a Line of Credit (LOC) upto an aggregate sum of $26.8 million. The credit agreement has become effective on ...

Steep fall in forex reserves
MUMBAI: India's foreign exchange reserves dropped by $6.844 billion to $137 billion during the week ended December 30 against $144 billion during the preceding ...

Tunisia to host Medelec 2006
CHENNAI: The Third Mediterranean Exhibition of Electricity and Electronics (Medelec 2006) is being organised in Sfax, Tunisia, from March 8 to 11 by the Sfax International Fair Association, according a release from the India-Tunisia Friendship ...

KVB raises FCNR, NRE deposit rates
CHENNAI: Karur Vysya Bank has raised interest rates on FCNR deposits effective January. On euro deposits, the rates have been revised upwards. For one-two years it is 2.72 per cent (2.64 per cent); for two-three years 2.85 per cent (2.77 per ...

LVB raises domestic, FCNR(B) deposit rates
TIRUCHI: Lakshmi Vilas Bank has raised the domestic term deposits with effect from January 2, and FCNR (B) deposits/NRE term deposit rates from January 1. The domestic term deposit rates have been hiked from seven per cent to 7.25 per cent for ...

OBC ties up with Franklin Templeton
CHENNAI: Oriental Bank of Commerce (OBC) has entered into an agreement with Franklin Templeton Asset Management (P) Ltd for selling the latter's mutual fund schemes. Initially, mutual fund schemes would be marketed through OBC's nine city ...

Birlasoft's development centre in Hyderabad
HYDERABAD: Birlasoft, the information technology wing of the $1.2 billion C. K. Birla Group, has firmed up plans to set up a state-of-the-art development facility in Hyderabad. The centre, with an estimated $7.5 million investment, will be ...

NIIT Tech assessed at CMM Level 5
CHENNAI: The software development facilities of NIIT Technologies have been assessed at Level 5 of the People Capability Maturity Model (People CMM), the Software Engineering Institute-Carnegie Mellon University, U.S.'s cutting-edge quality ...

Shekhar Dasgupta joins Solix
CHENNAI: Solix Technologies, a provider of information lifecycle management solutions, on Friday formally announced the joining of Shekhar Dasgupta as President and COO. Prior to joining Solix, he was Managing Director at Oracle India Private ...




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