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Thursday, June 15, 2006
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DGFT notifies Focus Markets
Latin American, African countries covered

CECA with Japan by December
Will envisage doubling bilateral trade to $10 b in 3 years and expand trade basket

CUMI forms JV with Chinese co.
To set up bonded abrasives plant in the Yanjiao Province

Rs. 5,800 cr. capital investment plan for Mumbai airport upgrade
The airport development will be executed in three phases

SAP woos SMEs with Business One suite
Picks up 1,000th corporate customer

Ma Foi launches retail job outlets
CHENNAI: Ma Foi Management Consultants Ltd, a staffing and HR services provider, has launched retail job outlets. Addressing a press conference here on Wednesday, Pandia Rajan, Managing Director and CEO of the company said these centres would ...

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Barometer


Briefly
Gold melts on global plunge
MUMBAI: Tracking a weak global trend, gold prices experienced a free fall on Wednesday to hit a three-month lows on stockists' selling. The precious metal's price fell by Rs. 365 to Rs. 8,470 per ten grams. ...

Godrej acquires Nutrine
MUMBAI: Godrej Beverages and Food Ltd. on Wednesday announced acquiring 100 per cent stake in Chitoor-based Nutrine Confectionery for close to Rs. 250 crore, a deal, Godrej believes, would help it achieve a turnover of Rs. 1,000 crore in three ...

SEBI fines broker
MUMBAI: The Securities and Exchange Board of India on Wednesday imposed a fine of Rs. 5 lakh on Bombay Stock Exchange broker Pravin V Shah Stock Broking Pvt. Ltd. for indulging in fraudulent and unfair practices in relation to Aftek Infosys ...

MF Summit today
MUMBAI: The Chairman of the Securities and Exchange Board of India, M. Damodaran, will inaugurate here on Thursday the CII Mutual Fund Summit 2006, where a report on the performance of the mutual fund industry will be released. ...

VSNL's cyber cafes at railway stations
MUMBAI: In order to provide Internet access to travellers, Videsh Sanchar Nigam Ltd. (VSNL) on Wednesday said it would set up cyber cafes at 68 major railway stations across the country. ...

French insurer AXA to buy Winthertur
PARIS: French group AXA, the third-biggest insurer in the world and the second biggest in Europe, said on Wednesday it would pay 7.9 billion euros ($9.9 billion) in cash to buy the Swiss Winterthur group from Credit Suisse ...

Goldman Sachs to buy AB Ports
LONDON: A consortium led by Goldman Sachs Group Inc. will acquire Associated British Ports Holdings PLC for 2.5 billion pounds ($4.6 billion), the companies said. ...

Arcelor, Mittal to meet for substantive talks
LONDON: Four months after Lakshmi Mittal made a hostile bid for Luxembourg-based Arcelor, managements of the two steel giants have held negotiations and will meet again soon for substantive talks despite Mittal Steel's insistence that it would ...

Elmaq opens knowledge centre
COIMBATORE: Elmaq.edu, the education division of Onspec Technology Solutions Pvt. Ltd. , has opened its centre in Coimbatore. It provides training in software to students and has obtained the authorised training partner status for Sun, Oracle, ...

Tulip IT Services' expansion plans
CHENNAI: Tulip IT Services has announced expansion plans. According to a release, the company plans to open additional support centres. It will also be increasing its staff strength from 850 to 1500. It also announced major investments to ...

Hidesign eyes Middle East expansion
CHENNAI: Hidesign is increasing its retail footprint in the Middle East. According to a release, the company has signed a joint venture with Dubai-based retail major, Jashanmal National Company. Hidesign will have a stake of 49 per cent in the ...

Simplex Infrastructures to raise funds
MUMBAI: Simplex Infrastructures has informed the stock exchange that the board, at its meeting held on June 12, has approved the raising of funds of $200 million from domestic/international market by issue of any class of securities and ...

New MDs for Rourkela and Bokaro Steel plants
CHENNAI: B. N. Singh, Executive Director Incharge, Rourkela Steel Plant (RSP), and V. K. Srivastava, Executive Director (Works), Bokaro Steel Plant (BSL) of SAIL, have assumed charge as Managing Director of the respective plant. According to a ...

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