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Tuesday, May 16, 2006
Sensex nosedives 463 points on global meltdown
Biggest single-day decline since May 17, 2004
Rupee tumbles to new low
Slowdown in FII inflows drags currency
BSE platform for corporate debt
Companies to report deals to exchange
CPCL posts record turnover but net dips
Maintains dividend at 120 p.c.
Govt. exempts pvt. cos. from bidding norms
NEW DELHI: The Government has exempted developers from going through the tariff-based competitive bidding route if they meet certain criteria. The Power Ministry has clarified that those developers who have approached the regulatory commission ...
Companies Bill passed
NEW DELHI: With the Lok Sabha giving its nod, Parliament on Monday cleared the Companies Amendment Bill, 2006, to pave the way for implementation of a comprehensive e-governance system through the `MCA-21' project. The Bill, approved earlier by ...
HC rejects IDBI's petition in HPL issue
NEW DELHI: : The Industrial Development Bank of India on Monday suffered a setback with the Delhi High Court rejecting its petition seeking a stay on a Company Law Board order deferring allotment of shares by Haldia Petrochemicals to the bank and ...
Steel conference today
NEW DELHI: Union Steel Minister Ram Vilas Paswan will inaugurate a two-day steel conference beginning here on Tuesday to discuss the global scenario and general overview of the sector. ...
Federal Mogul ups stake in Goetze
NEW DELHI: U.S. auto components giant Federal Mogul on Monday announced the acquisition of a major portion of Anil Nanda's stake in the joint venture Goetze India Ltd. for Rs. 138 ...
Punj Lloyd to set up company in Saudi Arabia
CHENNAI: Punj Lloyd Ltd. (PLL) has announced a joint venture with the Kingdom of Saudi Arabia. The jointly owned company with a share capital of two million Saudi Riyals would be named `Dayim-Punj Lloyd Engineering Limited' in which PLL would ...
Allahabad Bank declares 40 p.c. dividend
MUMBAI: Allahabad Bank has posted a net profit of Rs. 715.49 crore for the year ended March 31, 2006, against Rs. 682.36 crore in the previous year. Total income has increased from Rs. 3,840.21 crore to Rs. 4,381.73 crore. The bank has proposed a ...
Bausch & Lomb withdraws contact lens solution
CHENNAI: Bausch & Lomb has announced that it is permanently removing its MoistureLoc contact lens solution from worldwide markets effective immediately. Consumers can now exchange their bottles of MoistureLoc formula and the company has suggested
Canadian Crystaline launches multi-stage pumps
CHENNAI: Canadian Crystaline Waters India has launched stainless steel vertical and horizontal multi-stage centrifugal pumps to transport water at low cost and high efficiency. According to a release, the range of pumps starts from one cubic ...
Dow Jones Newswires pact with NCDEX
CHENNAI: Dow Jones Newswires has reached an agreement with National Commodity and Derivatives Exchange in India to provide its global commodity market news, prices and analysis to the members of the Exchange. Under this arrangement, NCDEX will ...
Tundra acquires SSB unit from Alliance
CHENNAI: Tundra Semiconductor Corporation, a leader in System Interconnect, has completed the acquisition of assets of the systems solutions business unit of Alliance Semiconductor Corporation. The acquisition includes an experienced 50-member ...
PSA Sical launches REIR
CHENNAI: PSA Sical Terminals Ltd., which operates the Tuticorin Container Terminal (TCT), has announced the commencement of a new REIR (remote equipment interchange receipt) processing centre. This facility is located at the World Trade Centre, ...
Bhargava heads 3i's new focus on outsourcing
CHENNAI: 3i, Europe's leading venture capital and private equity company, has appointed Akshaya Bhargava to head its new focus on the global business process outsourcing (BPO) market. Mr. Akshaya is an ex-banker, having spent 22 years with ...
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