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Ratnagiri Gas: India looks to Oman for fuel supply
Oman LNG has agreed to supply gas at spot price

Company Affairs Ministry to examine IPO scam
Floats consultation paper on limited liability partnerships

Ganesh Bank merger stayed
MUMBAI: In an interim order, the Bombay High Court, on Friday stayed the merger of Ganesh Bank of Kurundwad in Maharashtra with Federal Bank. However, the Court allowed continuation of the moratorium on Ganesh Bank. A petition was filed, ...

Other Stories


IOB revises interest rates on term deposits
CHENNAI: Indian Overseas Bank (IOB) has made an upward revision of interest rates on domestic and NRO term deposits by 25 to 50 basis points for maturity periods of one year and above from January 23. The revised rates are: 6 per cent for 1 year ...

Inflation rate up at 4.4 p.c.
NEW DELHI: The inflation rate based on wholesale prices rose by 0.16 percentage points to 4.4 per cent during the week ended January 14 from 4.24 per cent during the first week of this calendar year. While prices of most food items declined, ...

Workshop on natural language processing
CHENNAI: A one-day workshop on `Natural language processing — Challenges and limitations' is being organised by the Computer Society of India Div. CIII and Vellore Chapter at VIT, Vellore on February 6. This workshop is designed to meet ...

Centre to prune Target Plus list
NEW DELHI: After deciding to discontinue the export incentive scheme — Target Plus — from April 1, the Central Government will prune the list of items covered in the current financial year also. "Certain high value items will be ...

Rane Engine Valves declares 50 p.c. interim
CHENNAI: Rane Engine Valves on Friday declared an interim dividend of 50 per cent for 2005-06. This interim dividend will be paid to the shareholders on and from February 17, the company informed the Bombay Stock Exchange. ...

Centre receives 116 bids for 68 FM frequencies
NEW DELHI: The Central Government on Friday received 116 bids for 68 FM frequencies in the second phase for 21 cities spread across the western zone. It is expected to raise Rs. 87.17 crore by way of one-time entry fee raised from the bidding. Of ...

Gateway Distriparks to declare 15 p.c. interim
MUMBAI: Logistics major Gateway Distriparks has decided to declare a 15 per cent interim dividend for the year ending on March 31, 2006. The board at its meeting held on Friday proposed the interim dividend, the company informed the Bombay Stock ...

IOC calls price bids for stake sale
NEW DELHI: Indian Oil Corporation (IOC) has called price bids from institutional investors for sale of up to 20 per cent of its shareholding in Oil and Natural Gas Corporation (ONGC), company sources said. For sale of up to 50 per cent of its ...

Kalyani Brakes to change name
MUMBAI: The name of Kalyani Brakes Ltd. will be changed to Bosch Chassis Systems India Ltd. and the trading symbol of the company be changed from KALYANBRAK to BOSCHCHASY from February 10, the company informed the ...

i-flex's solution chosen by S.African bank
MUMBAI: i-flex solutions on Friday said South African bank Lesotho PostBank (LPB) has chosen its flagship core banking product suite Flexcube to automate its retail banking operations. With the `Flexcube' retail banking solution, LPB plans to ...

USFDA approval for Orchid's Cefoxitin
CHENNAI: Orchid Chemicals and Pharmaceuticals has received USFDA approval for its abbreviated new drug application (ANDA) for the antibiotic, Cefoxitin, 1 gm/vial and 2 gm/vial. The company is launching Cefoxitin, which is the generic version of ...

ANG Exports signs MoU with Chinese firm
MUMBAI: ANG Exports Ltd., engaged in auto ancillary business, has entered into a memorandum of understanding (MoU) with Chinese Fuwa Engineering Company Ltd. to set up a joint venture company in India. The JV company will entail an investment of ...

Franklin pays 30 p.c. dividend under Bluechip Fund
NEW DELHI: Franklin Templeton Investments (India) on Friday announced a dividend of Rs. 3 for every unit of the face value of Rs. 10 under India Bluechip Fund. All investors registered in the dividend plan of the equity fund as on January 24 ...

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