Online edition of India's National Newspaper
Friday, June 16, 2006
Guidelines on real estate mutual funds next week
Call for greater role by mutual fund trustees in new fund offerings
Samsung launches EFT monitors
The new monitors will ease strain on human eyes
IBM launches contest for engineering students
BANGALORE: IBM along with IBM Business Partners launched `The Great Mind Challenge' contest, in which 10,000 students at India's 250 engineering and MCA colleges will develop software based on various project scenarios. "The Great Mind ...
bmi signs contract with Kale Consultants
Value of the contract over a five-year period is around 8 million pounds
Core micro-architecture products from Intel soon
The products will deliver high performance
Service exporters allowed to use duty credit for domestic supplies
Duty credit scrip may be used for procuring capital goods locally
Sensex gains 616 points
MUMBAI: The Bombay Stock Exchange sensitive index (Sensex) on Thursday notched its biggest single-session gain, 616 points, powered by aggressive purchases by foreign institutional investors (FIIs). The previous highest single-day gain was ...
Japan to lift ban on Indian mangoes
TOKYO: Indian mangoes will be available in Japan from next month onwards as the Far East Asian country has agreed to lift its two-decade old ban on import of Indian mangoes, Japanese Agriculture Minister Shoichi Nakagawa announced here in the ...
Edible oil base price revised downwards
NEW DELHI: The Union Government on Thursday reduced the base price for import of edible oils by $6 a tonne, except crude soyabean oil, which has been lowered by $17 to $542. ...
RBI cancels licence of cooperative bank
MUMBAI: The Reserve Bank of India has cancelled the banking licence of Shriram Sahakari Bank Ltd, Nashik, a cooperative bank, which has ceased to be solvent. Upon liquidation of the bank, depositors will be entitled to repayment of deposits up to ...
Trade Marks agents exam postponed
MUMBAI: The next Trade Marks Agents Examination, scheduled to be held on June 29 and 30, has been postponed to July 27 and 28, according to an announcement by the Trade Marks Registry under the Union Ministry of Commerce and Industry. Meanwhile, ...
Kotak Life declares 7 p.c. bonus for 2005-06
CHENNAI: The board of directors of Kotak Mahindra Old Mutual Life Insurance Ltd. has declared a total return of 7 per cent, including a 4 per cent bonus, on its participating contracts for the year ended March 31, 2006, against 6.75 per cent in ...
Four Soft net up, recommends 15 p.c. dividend
HYDERABAD: Four Soft has registered a total revenue of Rs. 94.80 crore for the year ended March 31, 2006, against Rs. 21.60 crore registered during the previous year. The consolidated net profit for the year was at Rs. 6.30 crore against Rs. ...
Schwing Stetter-Bharat Shell tie-up
CHENNAI: Schwing Stetter India, a leading player in the ready-mix concrete equipment industry, and Bharat Shell, industrial lubricant manufacturer, have entered into a strategic tie-up to offer their customers high quality lubricants. Bharat ...
Numeric Power JV with French company
MUMBAI: Numeric Power Systems has informed the exchange that it will enter into a joint venture agreement with Socomec, a French company, to distribute and market the 3-phase range of UPS systems manufactured by Socomec and to provide all related ...
GE Shipping places order for rig
MUMBAI: Great Eastern Shipping Company has announced that it has placed a building order for a 350 ft. jack up rig with Keppel FELS Ltd, Singapore. The rig is scheduled for delivery during the fourth quarter of 2009. The decision to place this ...
GHCL eyes acquisitions in Europe
NEW DELHI: Bidding to expand in European home textiles retail segment, chemical and textiles company, GHCL, is looking for a series of acquisitions that could be worth $200 million. "Currently, talks are on with four separate entities in ...
L & T wins Rs. 750 crore highway contract
CHENNAI: Larsen and Toubro Limited (L & T) has received an order valued at Rs. 750 crore for the six-laning of NH-8 from Vadodara to Bharuch in Gujarat, according to a company release. The contract was awarded by the National Highways Authority .
HDFC Standard, BoB enter into partnership
CHENNAI: HDFC Standard Life Insurance and Bank of Baroda have signed a corporate agency agreement to enter into bancassurance tie-up. Under the agreement, Bank of Baroda will market to its customers the entire range of life insurance products ...
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