Online edition of India's National Newspaper
Friday, July 07, 2006
`Delay in disinvestment will send wrong signals'
Government could face major resource constraint
ITDC makes profit in Q1
To add more rooms in Delhi for Commonwealth games
Investment in infrastructure needs to be doubled
Aviation and port sectors require Rs. 100,000 cr. in Eleventh Plan
Airtel launches fixed wireless home phone service
Local call rate will be charged at 40 paise a minute
Austrian fibre major Lenzing optimistic about India
Diversification suggested to enhance value of products
PowerGrid gets NLD licence
NEW DELHI: PowerGrid Corporation Limited has been awarded the National Long Distance licence by the Department of Telecom for its proposed foray into the telecom business. An agreement to this effect was signed between PGCIL and DoT officials ...
Mandatory jute order
NEW DELHI: The Cabinet Committee on Economic Affairs on Thursday decided to retain 100 per cent compulsory packing for foodgrains and sugar in jute bags for the jute year 2006-07 (July to June), over-ruling the recommendations of a standing ...
Gazprom, GSPC tie-up
GANDHINAGAR: Gazprom, the Russian company engaged in oil and gas exploration the world over, has signed an agreement with the Gujarat State Petroleum Corporation (GSPC) for joint exploration and development of hydrocarbons in the State. ...
Exim Bank to pick up stake in Tatas SPV
BANGALORE: The Exim Bank will pick-up a minority equity stake worth $10 million in the special purpose vehicle (SPV) floated by the Tata group to buy U.S.-based Eight O'Clock Coffee Company from venture capital fund Gryphon Investors for Rs. ...
Color Chips acquires Millitoon
MUMBAI: Color Chips India has acquired Millitoon Animations Private Limited, Chennai. Millitoon Animations is a 100 per cent subsidiary of European Animation major Millimages of France and has produced 2,000 hours popular animation content which ...
Hindustan Composites to buy stake in JL Morison
MUMBAI: Hindustan Composites on Thursday said it would purchase 9.85 per cent stake in personal and healthcare products major JL Morison (India) from JL Morison (U.K.) for Rs. 2.01 crore, the company informed the Bombay Stock ...
HP's technology grant for Anna University
BANGALORE: Hewlett Packard has awarded a technology grant worth $70,000 to Anna University to make the learning system in the institute hi-tech. The university will receive about $70,000 worth of technology such as HP Tablet PCs, external ...
IFC to invest in Continental Carbon
CHENNAI: International Finance Corporation (IFC) will be investing $21.4 million in Continental Carbon India Limited (CCIL), a key carbon black producer in Uttar Pradesh. Out of this $19.4 million will be the loan component (syndicated loan and ...
1 for 2 bonus from Lakshmi Vilas Bank
CHENNAI: Lakshmi Vilas Bank has recommended the issue of bonus shares in the ratio of one share for every two equity shares held. The bank has also announced the issue of rights equity shares in the ratio of one share for every equity share of ...
IOB hikes FCNR interest rates
CHENNAI: Indian Overseas Bank has revised its FCNR interest rates upward with effect from July 1 for U.S. dollar deposits. The revised rate for one year to less than two years is 5.69 per cent against 5.43 per cent, two years to less than three ...
KVB increases FCNR rates
CHENNAI: Karur Vysya Bank has increased the interest rates on FCNR deposits effective July. On FCNR dollar deposits the rate for the 1-2 year period has gone up by 26 basis points to 5.69 per cent; for 2-3 years by 25 basis points; and for 3-4 ...
New CHRO for Amtex Infotech
CHENNAI: Amtex Infotech, a wholly owned subsidiary of Amtex Systems of the U.S., has announced the appointment of S. Srinivasan as chief human resource officer. According to a release, Mr. Srinivasan will head the Human Resources Managing and ...
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