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Friday, May 12, 2006
Re-look at power access surcharge
Common formula results in anomalies
Itochu among 26 FDI proposals
NEW DELHI: The Central Government on Thursday cleared 26 foreign direct investment (FDI) proposals worth Rs. 282.71 crore, including the one by two Mauritius-based companies to buy 26.67 per cent stake in a Koklata based tea plantation company ...
RPL makes debut with a bang
Thirtynine crore shares change hands on BSE and NSE on first day of trading
Patents (Amendment) Rules notified
Definitive timeframes have been prescribed for various activities
Reliance raises petrol prices
NEW DELHI: Reliance Industries Ltd. on Thursday raised the petrol price by Rs. 2.50 to Rs. 2.92 a litre. "Reliance has raised its ex-depot price of petrol by Rs. 2 a litre. After adding taxes and other levies, the effective increase would be ...
Gold at new high
MUMBAI: Gold prices shot up further by Rs. 120 per ten grams to end at a new closing high of Rs. 10,385 on the bullion market here on Thursday due to increased stockists' buying after the metal hit 25-year highs in the global market. Silver, ...
IRDA panel on redressal systems
NEW DELHI: The Insurance Regulatory and Development Authority (IRDA) has constituted a committee to look into the existing grievance redressal systems in public sector undertakings and formulate guidelines for adoption by the insurers and ...
Fed raises rates further
The Federal Reserve raised the short-term interest rates again on Wednesday, its 16th increase in two years, and gave itself room to raise them again in June. As expected, the central bank nudged up the Federal funds rate on overnight loans ...
Wockhardt gets USFDA nod for injectables plant
MUMBAI: Wockhardt has informed the Bombay Stock Exchange that the U.S. FDA has approved the company's cephalosporin injectables plant at Waluj in Aurangabad. The U.S. FDA has communicated its approval to the facility in a letter dated May 2. ...
Voltas pays Rs. 6 per share, to split share
MUMBAI: Voltas has informed the BSE that the board of directors at its meeting held on May 11 recommended a dividend of Rs. 6 per share of Rs. 10 each for 2005-06. The directors have also recommended split of shares of the face value of Rs. 10 ...
Sudsun Housing changes name
CHENNAI: Sudsun Housing Development (I) Limited will be known as Regaliaa Realty and has obtained the approval for name change from the shareholders and also the Registrar of Companies, Chennai. According to a release, excepting for the change in ...
Areva T&D Q1 net up
BANGALORE: Areva T&D India, the Indian arm of the transmission and distribution division of the global energy major Areva, registered a net profit of Rs. 23.64 crore for the first quarter ended March 31, 2006, against Rs. 8.49 crore in the same
Tyche Peripherals ties up with NCR Corp.
CHENNAI: Tyche Peripheral Systems has announced a tie-up with NCR Corporation. According to a release, the agreement with Tyche Peripheral Systems marks the launch of NCR's retail automation offerings, including point-of-sale solutions and ...
Integrien partnership with MphasiS
CHENNAI: Integrien Corporation, a leader in integrity management software and solutions, has announced a partnership with MphasiS, a leading provider of IT and business process outsourcing services. Under the agreement, MphasiS becomes one of ...
Gangotri Textiles' follow-on public offer
NEW DELHI: Coimbatore-based Gangotri Textiles will hit the capital market with a follow-on public issue on May 18 to raise Rs. 55 crore to part finance its Rs. 351 crore expansion-cum-integration plan. The proceeds of the issue, which will close ...
Zicom's security solutions for homes
NEW DELHI: Zicom Electronic Security Systems on Thursday announced its foray into the consumer market, eyeing a 40 per cent market share of the home segment, which is slated to touch Rs. 700 crore by 2009. It plans to set up a manufacturing base ...
Eurocopter wins Igor Sikorsky trophy
NEW DELHI: Eurocopter has been awarded the American Helicopter Society's Igor Sikorsky International Trophy for achieving the high-altitude world record with AS350 B3 landing atop Mount Everest on May 14 and 15, 2005. Following experimental ...
IONA partners Wipro
BANGALORE: IONA Technologies, which is into high-performance integration solutions for mission-critical IT environments, and Wipro Technologies on Thursday entered into a partnership. Wipro will utilise IONA's Artix extensible enterprise service ...
Areva T & D profit up
CHENNAI: Areva T & D has reported a net profit of Rs. 23.64 crore for the quarter ended March 31, 2006, against Rs. 8.47 crore in the corresponding quarter in 2004-05. The turnover has risen to Rs. 406.79 crore from Rs. 240.20 crore. ...
Satyam's new head for Continental Europe
HYDERABAD: Satyam Computer Services, a global provider of IT and consulting services, has appointed Peter M. Heij as the Head and Senior Vice-President for Continental Europe. Mr. Heij will add value to Satyam's relationship with its customers ...
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