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Thursday, March 23, 2006
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Kamal Nath for separate FTA with Bangladesh
Suggests MoU on standards between designated institutions

Khaleda welcomes Indian investment
Expresses concern over mounting trade imbalance

Blue Dart opens ninth superhub in Bangalore
To buy/lease two Boeing 757 freighters

Sensex sheds 64 points
MUMBAI: The Bombay Stock Exchange sensitive index swung by over 150 points in an extremely choppy trading on Wednesday and closed 64 points down at 10,841.35 largely due to heavy profit selling alternated by bear covering at lower levels amid ...

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Barometer


Briefly
Credit policy on April 18
MUMBAI: Y. V. Reddy, Governor, Reserve Bank of India, will present the Annual Policy Statement for 2006-07 on April 18 and meet the chief executives of major scheduled commercial banks on the same ...

Working group on CST phase-out
NEW DELHI: An Empowered Committee on Value Added Tax on Wednesday decided to set up a working group on phasing out of the Central Sales Tax and compensation to States for resultant revenue loss. ...

TDSAT declines relief to COAI
NEW DELHI: The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) on Wednesday declined to grant a stay on the TRAI's order, asking private mobile operators to stop levying higher tariffs for calls made to BSNL and MTNL networks in some ...

ICICI Bank offloads entire stake in SIB
MUMBAI: ICICI Bank on Wednesday sold its entire stake in South Indian Bank Ltd. (SIB) through a block deal on the Bombay Stock Exchange for Rs. 30.22 ...

RCoVL raises $500 m
MUMBAI: Reliance Communication Ventures Ltd. on Wednesday raised $500 million (over Rs. 2,200 crore) from the overseas market in foreign currency convertible bonds, which will be listed on the Singapore Stock Exchange. ...

Deadline extended for special coffee relief package
COIMBATORE: The Centre has extended the deadline from June 30, 2005, to May 31, 2006, for coffee growers to deposit one-third of the interest on Special Coffee Term Loan for the three-year moratorium period (2002-05). According to a release from ...

Better infrastructure sought at ICD
COIMBATORE: The Coimbatore Custom House and Steamer Agents' Association has sought better infrastructure and cargo handling facilities at the Inland Container Depots (ICD) here. About 2,000 containers go out of Coimbatore every month. However, ...

RTG expands in Chennai
CHENNAI: ReadyTestGo (RTG), a pure-play offshore software testing services provider and a part of the 3,000-people-strong CSS Group, has set up its second software testing facility in Chennai. The company plans to hire 150 software engineers over ...

Ozone Group in property deal
CHENNAI: Ozone Group, one of the leading property developers from Bangalore, announced the biggest property deal in Chennai through the acquisition of 43 acres here. The Rs. 300-crore deal envisaged the development of an integrated township with ...

Medimix soap brand relaunched
CHENNAI: Cholayil Private Limited, an FMCG company with interests in toiletries, personal and health care, has relaunched its flagship soap brand Medimix in a contemporary new packaging with user friendly smooth edges. The new pack depicts the ...

HeidelbergCement enters India through a JV
CHENNAI: HeidelbergCement, a leading producer of cement with its presence in Europe, North America, Asia and Africa, concluded a 50:50 joint venture agreement in India, consisting of the grinding plant of Indorama Cement (owned by the Indorama ...

IBM launches Tivoli Reach programme
CHENNAI: IBM India announced the launch of Tivoli Reach Program 2006 in Chennai, aimed at helping students and faculty members from India's leading universities learn about the world's best IT infrastructure and service management software — ...

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