Online edition of India's National Newspaper
Wednesday, April 19, 2006
RBI tightens provisioning for housing, personal loans
`Liquidity would be maintained to meet legitimate credit needs'
Panels on banking issues to be set up
Banks asked to display and update details of service charges
Sensex crosses 11800-mark
MUMBAI: Enthused by excellent fourth quarter earnings of IT major TCS and an overwhelming response to Reliance Petroleum's public issue, investors bet heavily on the market, whose benchmark index rose by a steep 282 points on Tuesday. IT and ...
Cabinet clears UBI write-off
NEW DELHI: The Cabinet on Tuesday decided to write off the entire Rs. 278.44-crore accumulated losses of United Bank of India (UBI). With a clean balance-sheet, the Kolkata-headquartered bank moves a step closer towards a possible initial public ...
Wipro forays into lighting for retail chain stores
Hopes to carve a sizable share of the Rs. 500-crore market
Oil prices hit new record
Concern over Iran, Nigeria developments
PM to head panel on manufacturing
NEW DELHI: The Union Government has decided to set up a high-level committee to be headed by Prime Minister Manmohan Singh on manufacturing for implementation and review of initiatives that can be adopted to achieve a sustained 12 per cent ...
Infosys looks for talent in U.S. universities
NEW DELHI: Infosys Technologies will scout for talent in U.S. universities, from where it would hire 300 fresh graduates, Managing Director and Chief Executive Officer of Infosys Technologies Nandan Nilekani said at the CII annual general meeting ...
Susan Schwab named new USTR
WASHINGTON: President George W. Bush on Tuesday nominated Trade Representative Rob Portman as the White House budget director and selected Susan Schwab, Deputy Trade Representative, to move up to the top job, replacing Portman. ...
TDSAT issues notice to TRAI
NEW DELHI: The Telecom Disputes Settlement and Appellate Tribunal on Tuesday issued notices to TRAI on BSNL's petition, challenging the regulator's order to reduce a fee payable to it by private operators. ...
BIS wants industry to match global standards
NEW DELHI: The Bureau of Indian Standards asked all stakeholders, including industry, to align themselves to changes in international standards to overcome `Technical Barrier to ...
Oracle to strengthen presence in Coimbatore
COIMBATORE: Oracle India Private Limited (Oracle India) will strengthen its presence in Coimbatore and nearby areas as part of its expansion plans into non-metro cities in India. According to a release, it has selected and trained eight local ...
TEA welcomes annual credit policy
TIRUPUR: Welcoming the annual credit policy for 2006-07 by the Reserve Bank of India, the Tirupur Exporters' Association has said that the buoyancy in the economy would continue the growth momentum with the interest rates remain unchanged. In a ...
Greaves ties up with U.K. firm, opens tech centre
CHENNAI: Greaves Cotton on Tuesday opened its state-of-the-art technology centre in Aurangabad, Maharashtra. The Rs. 50 crore centre will design and develop proprietary technology based eco-friendly diesel engines for automotive and other ...
Ceequence pact with Allianz Cornhill
CHENNAI: Ceequence has signed a three-year agreement with Allianz Cornhill, one of the UK's leading general insurers and part of the global Allianz group to provide business continuity services. ...
Godavari Fertilisers raises dividend
HYDERABAD: Godavari Fertilisers and Chemicals reported improved performance during 2005-06. The turnover was Rs. 1,520 crore against Rs. 1,200 crore, an increase of 27 per cent. The profit before interest, depreciation and tax was Rs. 68.32 ...
Coromandel Fertilisers pays 85 p.c.
HYDERABAD: Coromandel Fertilisers, a constituent of the Murugappa Group, has registered a total income of Rs. 1,874.71 crore and profit after tax of Rs. 83.55 crore during the year ended March 31, 2005, a 21 per cent increase over the previous ...
Charles Schwab to use SumTotal solution
HYDERABAD: SumTotal Systems, provider of learning and business performance technologies and services, has announced that Charles Schwab & Co. Inc. has purchased SumTotal's LMS 7.1, an enterprise platform solution for analysing, storing and ...
Mahesh Coop. Bank to introduce core-banking
HYDERABAD: The Andhra Pradesh Mahesh Cooperative Urban Bank Ltd, a leading multi-State scheduled urban bank, is planning to introduce core-banking solutions in all its branches. The board of directors of the bank, which met here on Monday, ...
Corporation Bank audited results on April 26
MANGALORE: The Mangalore-based Corporation Bank is scheduled to hold its next board meeting on April 26 at Mumbai, to consider amongst others, the audited financial results of the bank for the year ended March 31, 2006. A press release from A. ...
Microsense partners with LightPointe
BANGALORE: Microsense, the leading provider of WAN and wireless solutions in India for enterprises and retail, on Monday announced its agreement with LightPointe, a U.S.-based leading designer and manufacturer of high-speed outdoor wireless ...
Swiss joins Star Alliance
NEW DELHI: Swiss has joined Star Alliance, becoming the 17th member of the world's biggest airline grouping. It would enable the international carrier to enable its customers a global network and all the benefits that alliance membership ...
Microsoft unveils new products
NEW DELHI: Microsoft Corporation India Pvt. Ltd. on Tuesday unveiled 18 Microsoft Office-based productivity solutions developed by its local partners for the Indian market. Launching the new products, Microsoft Corporation's President (Business ...
Hutch reduces local SMS rates
NEW DELHI: Hutch has reduced local SMS rates from Rs. 1.50 to Re. 1 across all pre-paid and post-paid plans in the Delhi circle. The new reduced SMS rate will be applicable from April 18. "SMS has become an integral part of communication for ...
Kamdhenu Ispat's IPO oversubscribed
NEW DELHI: Kamdhenu Ispat's initial public offering was oversubscribed by 5.5 times. The IPO received maximum support from Gujarat with 1.59 crore shares subscription closely followed by New Delhi with 1.19 crore shares. "The overall performance ...
IBS Software solution for Nippon Cargo
THIRUVANANTHAPURAM: Japan's Nippon Cargo Airlines (NCA) will become the launch customer for iCargo, a next generation air cargo and logistic management system developed by Technopark-based IBS Software Services. An agreement in this regard was ...
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