Online edition of India's National Newspaper
Thursday, May 04, 2006
Online edition of India's National Newspaper Thursday, May 04, 2006 |
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Adoption of Basel II norms may be delayedY. V. Reddy indicates three-track approach Meet on oil sector view on FTA with GCC China's ongoing FTA talks with GCC catalyse Indian interest 
Market tracks global trend, ends at a new peakMUMBAI: Tracking the strong trend in global markets, the benchmark indices made a further headway and closed 91.94 points up at a fresh closing peak of 12,310.72 on Wednesday. Bank shares mainly led the bull-run following an increase in banks' ... 
Sony Ericsson unveils new handsetsHave a common Walkman feature; to target high-end customers Other Stories
Barometer Briefly Umbrella pact on civil aviation NEW DELHI: The Union Cabinet on Wednesday gave its approval for signing an "umbrella'' memorandum of agreement (MoA) with the United States that will help India develop and modernise the civil aviation infrastructure in managerial, operational ... U.S. representative on IPR issues MUMBAI: United States would be appointing full time representatives in New Delhi for issues regarding intellectual property rights (IPRs) and civil aviation. Speaking to press persons here on Wednesday, U.S. Under Secretary of Commerce for ... Michelin to set up plant in India NEW DELHI: Michelin said on Wednesday that it was planning to set up its manufacturing facility in India though no timeframe had been set. ... GACL proposes merger of ACEL NEW DELHI: Gujarat Ambuja Cements Ltd. on Wednesday proposed the merger of Ambuja Cement Eastern Ltd. with itself, subject to necessary regulatory approvals. As per the merger scheme, four GACL equity shares of Rs. 2 each fully paid up would be ... India Cements' FCCB offer oversubscribed CHENNAI: India Cements has entered into a subscription agreement for $75 million foreign currency convertible bonds (FCCBs) on May 2. The bonds, which have a maturity of five years and one day, are convertible at a price of Rs. 305.57 per ... KVB raises FCNR rates CHENNAI: Karur Vysya Bank has increased the interest rates on FCNR deposits across all slabs and across all currencies. The revised rates are: For dollar deposits of 1-3 years, the interest rate has been increased to 5.33 per cent from 5.29 per ... RCVL net profit at Rs. 440 crore CHENNAI: Reliance Communication Ventures has reported a total revenue of Rs. 2,970 crore for the quarter ended March 31, 2006 against Rs. 2,991 crore in the corresponding period in 2005. The earnings before depreciation and interest charges have ... Siemens acquires isolator business of Elpro CHENNAI: : Siemens has announced the completion of acquisition of the isolator business of Elpro International for Rs. 25 crore. As part of this deal, Siemens has acquired the manufacturing unit of Elpro International located at Hyderabad. ... Bharti Tele-Ventures changes name CHENNAI: Bharti Tele-Ventures Ltd has been formally renamed Bharti Airtel Ltd., according to a release. New Executive Director for IOB CHENNAI: Ashok Kumar V. Dugade has joined Indian Overseas Bank (IOB) as Executive Director on May 1, 2006. Earlier, he was Executive Director, Bank of Maharashtra, according to an IOB ... TalentPro appoints VP-Human Resources CHENNAI: TalentPro India, a wholly owned subsidiary of the $700 million ProLease International, now known as Paystaff, has appointed Sunitha Lal as Vice-President, Human Resources. She will also be in charge of the training and compliance ... Other Stories
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