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Sensex drops 101 points
Sharp decline in FII inflows

SC declines to stay trial of Lodha
The question of trust should be determined on the basis of evidence

Birlas demand resignation
KOLKATA: In a new twist to the ongoing dispute over the ownership of the property of late M. P. Birla, the Birla camp on Friday demanded resignation of Rajendra Singh Lodha in wake of the judgement delivered by the Supreme Court. Speaking on ...

Siemens' turbine unit in Gujarat
The first phase will be on stream in December; opportunity in captive power market

Satyam unveils centre of excellence in Detroit
Similar centres planned in Chennai, Germany and Tokyo

Other Stories



Barometer


Briefly
Marginal rise in inflation
NEW DELHI: Inflation rose marginally to 4.51 per cent for the week ended January 21 from 4.4 per cent in the previous week due to increase in prices of manufactured items. ...

DCA's e-governance launch on Feb. 18
NEW DELHI: The Ministry of Company Affairs is ready to implement `MCA21', its e-governance initiative, by launching the pilot project in Coimbatore on February 18. Once in place, it would enable an entrepreneur to register a company online ...

Reliance Energy bids for Mumbai Metro
MUMBAI: Emerging as the lowest bidder at Rs. 1,251 crore, the Reliance Energy-Hong Kong MRT-Connex consortium is close to bagging the contract to build the Phase-I of the Mumbai Metro Rail Transit System (MMRTS). "The technical evaluations are ...

FMC gets tough with NCDEX
MUMBAI: The Forward Markets Commission (FMC), probing into manipulation of contracts by National Commodity and Derivatives Exchange (NCDEX), on Friday directed the exchange to immediately relieve the senior most person responsible for the ...

S.Korea-U.S. FTA talks begin
SEOUL: South Korea will try to exclude some farm goods from market-opening concessions in free trade talks with the U.S. because of their highly sensitive nature domestically, its top negotiator said on Friday. Ambassador Kim Jong-hoon's ...

Sanjeev Aga to head COAI
NEW DELHI: The Cellular Operators Association of India (COAI) on Thursday elected Idea Cellular board member, Sanjeev Aga, as its Chairman for the next 12 months. Naresh Gupta of Hutchison Essar was elected ...

L&T acquires Spectrum Infotech
BANGALORE: Larsen and Toubro Limited (L&T) has entered into a memorandum of understanding for acquiring 100 per cent shareholding in the Bangalore-based defence electronics and aerospace research and development firm, Spectrum Infotech Pvt. ...

Merck seeks shareholder nod for hiving off unit
MUMBAI: Merck on Friday said it was seeking shareholders approval through a postal ballot for selling its Life Science and Analytics business to Merck Specialties Pvt. Ltd. for a consideration of Rs. 99.20 crore. Postal ballot forms duly ...

Sun Pharma mulls demerger of R&D unit
MUMBAI: Sun Pharmaceutical Industries on Friday said it would consider demerger of its research and development unit into a new company. The board of directors will meet on February 9 to consider the proposal, it informed the ...

PSI Data partners Lawson Software
BANGALORE: PSI Data Systems has announced a partnership with Minnesota-based Lawson Software for offering solutions to the retail industry. The scope of the project involves migrating Lawson's retail applications to the J2EE platform, besides ...

Platinum jubilee of Karnataka Bank's branch
CHENNAI: Karnataka Bank is aiming at a market share of one per cent in three years against its present share of 0.6 per cent, which itself represented a doubling of the figure in the past three years, according to the bank's chairman, ...

Prolease renamed as TalentPro
CHENNAI: ProLease India, a subsidiary of Paystaff, a $600 million company, will now be renamed as TalentPro India. It has also entered into a strategic alliance with Talent2 International, Australia's leading HRO provider. Sandeep Kanwar would ...

UTI Leadership Fund mobilises Rs. 2,000 cr.
MUMBAI: UTI-Leadership Equity Fund has mobilised over Rs. 2,000 crore from more than 3.30 lakh applications, with the scheme opening from January 9 and closing on January 30. The Fund will re-open for continuous purchases and redemption from ...

Scandent division bags $34 m order
BANGALORE: Albion, a division of Scandent Solutions Corporation, has won an order worth $34 million from the U.S. State of Tennessee to provide online services for its welfare programmes. Under the deal awarded by the state's human service ...

Quintegra forays into Asia Pacific region
CHENNAI: Quintegra Solutions has set up a subsidiary firm, Quintegra Solutions (M) Sdn. Bhd., in Malaysia in a bid to expand its business operations in the Asia Pacific region. The Malaysian company would employ more than 100 people. It would ...

Banswara Syntex bags export order
MUMBAI: Banswara Syntex, a vertically integrated textile unit, has bagged a large export order for dyed yarn worth Rs. 4 crore ($900,000) from Turkey. This is over and above the existing order book position of Rs. 40 crore for synthetic dyed ...




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