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Saturday, July 08, 2006
Lakshmi Mittal has mega plans for India
Plans greenfiled projects either in Orissa or in Jharkhand; ONGC-Mittal to invest $5 b in Nigeria
Govt. measures to contain prices
Margin money for wheat futures trading increased
DaimlerChrysler to import CKD version of S-Class
State-of-the-art service facility of Trans Car inaugurated
H&R Johnson to set up unit in Chennai
Earmarks Rs. 200 cr. to fund capacity creation initiatives
Forex reserves up $952 m
MUMBAI: India's foreign exchange reserves increased by $952 million to $162.912 billion during the week ended June 30, from $161.960 billion during the week ended June 23, according to figures released by the Reserve Bank of ...
Inflation rate slips below 5-p.c.-mark
NEW DELHI: The inflation rate fell to 4.84 per cent for the week ended June 24 from 5.44 per cent in the previous week, despite increase in prices of food and manufactured items. ...
Naphtha duty waiver for Dabhol
NEW DELHI: In a move that would ensure smooth running of the 740 MW phase-1 of the 1,284 MW Dabhol Power Project, the Finance Ministry has accepted the Power Ministry's request to waive customs duty on naphtha, PTI reports quoting official ...
TDSAT to the rescue of telcos
NEW DELHI: The Telecom Dispute Settlement and Appellate Tribunal on Friday granted a major relief to all private telecom operators by redefining Adjusted Gross Revenue (AGR) and said that revenues arising only from telecom services should be ...
Bajaj Auto raises stake in ICICI Bank
NEW DELHI: Bajaj Auto has enhanced its stake in ICICI Bank to 4.14 per cent through two block deals at the bourses for nearly Rs. 633 crore. ...
Areva to acquire Ritz High Voltage
CHENNAI: Areva T&D has signed an agreement with the Ritz Group setting forth the legal and financial terms for the acquisition of the group's high-voltage instrument transformers activities, Ritz High Voltage, with annual sales of euro 50 ...
Reynaers Aluminium sets up office
MUMBAI: Reynaers Aluminium, one of Europe's leading suppliers of high-quality aluminium building solutions, has set up an office in Pune. Reynaers India will introduce the proven Reynaers' aluminium façade and fenestration systems to Indian ...
OFS pact with IAG Technologies
CHENNAI: OFS, a global consulting and IT solutions provider, has signed a contract with IAG Technologies, a U.K. based electronic and manufacturing firm. According to a release, this venture will focus largely on the consumer electronics sector, ...
E-ticketing goes global with Gulf Air
MUMBAI: Gulf Air has extended the electronic ticketing facility across the globe covering destinations in Australia, Cyprus, Egypt, Germany, Greece, Hong Kong, Indonesia, Ireland, Malaysia, Singapore, South Africa, Thailand, Turkey, the Gulf and ...
City Union Bank revises NRE and FCNR rates
CHENNAI: City Union Bank has revised upward the interest rates on NRE deposits to 6.69 per cent from 6.45 per cent for the maturity period of one year, two years and to 6.68 per cent for three years. For FCNR deposits in dollars, the rates have ...
LVB hikes rates on FCNR, NRE and RFC deposits
KARUR: Lakshmi Vilas Bank (LVB) has raised the interest rates on FCNR, NRE and RFC deposits for all currencies effective July 1. The rates for U.S. dollar, pound sterling and euro deposits of one to two years with previous rates in brackets are: ...
Business delegation to visit Australia
CHENNAI: The Indo-Australian Chamber of Commerce, Chennai, proposes to organise a business delegation to Australia in the second week of September with a specific focus on business matching between Indian and Australian companies. The delegation ...
Hutch launches `One Plus One' scheme
KOCHI: : Hutch has announced a new scheme, `One Plus One', for prepaid customers in Kerala. Under the scheme, customers who buy a Rs. 199 Hutch card will get a Rs.99 Hutch card free. It offers unlimited SMS, unlimited free calls from 11 pm to 7 ...
Karnataka Bank to pay 30 p.c.
MANGALORE: Karnataka Bank at its 82nd annual general meeting held here on Thursday approved a resolution to pay a dividend of 30 per cent to its shareholders for 2005-06. Some of the other important resolutions approved at the meeting include a ...
Pathfinders F & B solution product launched
HYDERABAD: : Chennai-based Pathfinder Software Solutions on Friday launched XtreMe Hash House, a product designed to offer Food and Beverage(F & B) solutions for restaurateurs. Rajiv Narain, president, Hotel and Resorts Association, Andhra ...
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