Online edition of India's National Newspaper
Wednesday, March 29, 2006
Bankers apprise RBI of liquidity crunch
Stiff competition from mutual fund industry in resource mobilisation
FCNR deposit interest ceiling up
MUMBAI: The Reserve Bank of India (RBI) on Tuesday raised the interest rates ceiling on Foreign Currency Non-Resident (FCNR) deposits by 25 basis points. In a release issued here, the RBI stated that until further notice, the interest rates ...
Sanyo to diversify
Plans to introduce power solutions
India wants coffee on ASEAN FTA negative list
Industry working out strategy to check downslide in exports
Apple unveils 8 products
NEW DELHI: Apple Computer on Tuesday launched eight new products in the Indian market, ranging from digital music players and lifestyle software to notebooks and Intel's dual-core chip-based systems. The products include a 1GB iPod Nano (Rs. ...
KOCHI: Federal Bank will be launching a unique `Treasurer's Calendar,' chronicling major economic data releases and events slated for 2006-07. The calendar will be released by its Chairman N. Venugopalan here on Wednesday. ...
Directive to telecom companies
NEW DELHI: The Union Government has directed telecom service providers to put appropriate monitoring mechanism in place for all types of value added facilities. The Department of Telecommunications said all service providers must start value ...
Mobile365 arrives in India
NEW DELHI: Mobile365, a global mobile phone technology firm specialising in messaging and data services, on Tuesday announced its entry into the Indian market, where it will tie-up with cellular operators to provide messaging and content ...
Biocon acquires Nobex assets
BANGALORE: Biocon has acquired all the assets of bankrupt Nobex Corporation, a drug development company specialising in a proprietary drug delivery system to enable oral delivery of peptide drugs, for $5 million. ...
Futures trading in arecanut
NEW DELHI: Multi Commodity Exchange on Tuesday launched futures trading in arecanut (white variety).
Gangotri declares interim dividend
COIMBATORE: Gangotri Textiles has declared an interim dividend of 15 per cent (75 paise per share of Rs. 5) for the financial year ending March 31, 2006. According to a release, during the current financial year upt0 December 31, 2005, the ...
Extension of banking hours
COIMBATORE: The Oppanakara Street Branch and R. S. Puram Branch here of Syndicate Bank will be kept open on March 31 beyond normal banking hours to facilitate payment of direct/indirect taxes, according to a bank ...
Biometric authentication device from Fujitsu Asia
CHENNAI: Fujitsu Asia Pte Ltd, a leading IT and communications solutions provider, on Tuesday announced the launch of PalmSecure, a palm vein biometric authentication device, in the Indian market. PalmSecure emits near-infrared rays that are ...
U.K. nod for Indoco Remedies' Goa facility
MUMBAI: Indoco Remedies has successfully completed the MHRA, U.K., audit of its Goa facility for tablets, creams, ointments and capsules. The approval extends to the `pilot facility' in the new tablet area. With this approval, Indoco will be in ...
Quintegra Solutions pact with German company
CHENNAI: Quintegra Solutions has signed a master service agreement with MTU Aero Engines of Germany. To support this arrangement, the company has already opened its subsidiary in Germany recently. MTU at present operates in five locations in ...
FireStream WorldWide's plans
CHENNAI: FireStream WorldWide Inc., in view of its recent acquisition of Symbology Systems Inc. and associated synergies created by the acquisition, plans to add at least 25-30 resources here over the next 12-18 months, says a company release. ...
Kamdhenu Ispat to build five more stockyards
BANGALORE: Kamdhenu Ispat Ltd., a company manufacturing and marketing construction materials, has plans to build five more stockyards in Himachal Pradesh, Rajasthan, Gujarat, Madhya Pradesh and Uttar Pradesh. At present, the company has five ...
RelQ launches two testing solutions
BANGALORE: RelQ, a leading validation and verification company, announced the launch of WebQ, a web based testing service, and ManagedQ, an avant-grade testing service and solution, on Tuesday. Talking about the testing models, Prakash Mutalik, ...
Harrisons Malayalam bags Pakistan order
BANGALORE: India has made a significant breakthrough in export of tea to Pakistan with Harrisons Malayalam bagging an order for three million kg, according to the Union Minister of State for Commerce and Industry, Jairam Ramesh. India, the ...
Karnataka Bank opens 3 more ATMs
MANGALORE: The Mangalore-based Karnataka Bank added three more ATMs to take the tally of its own ATMs to 75. The bank opened three ATMs recently at Bangalore Chamarajpet, Malleshwaram and Basaveshwaranagar. Former MP, V. S. Krishna Iyer, ...
Genius to open more retail outlets
NEW DELHI: Consumer electronics and IT products major Genius on Tuesday announced that it would open 40 retail outlets across the country by this year-end and said it targeted a revenue of $3.5 million in 2006. "We will have 20 outlets in cities ...
South Indian Bank opens new branches
THIRUVANANTHAPURAM: South Indian Bank has opened new branches at Ayroor, Thammanam, Veli, Howrah, Koothuparambu, Perundurai, Chethipuzha, Arunapuram, Mallassery, Nedungadappally, Muthoor, Alappuzha, Mundakkal and Kottiyam. V. A. Joseph, Chairman ...
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