Online edition of India's National Newspaper
Wednesday, July 12, 2006
Govt. plans five manufacturing investment regions
Easier FDI norms being considered Nath
Tatas' Rs. 1 lakh car in 2008
Talks with GE for engineered plastics body; first lot of cars will be made of steel
IBM's new tool offers more data storage in less space
The server will be officially launched on July 28
Sensex suffers setback, drops 70 points
MUMBAI: Hopes of encouraging earnings season failed to sustain Monday's rally and the Bombay Stock Exchange benchmark Sensex suffered a setback on Tuesday, closing 70 points down at 10614.35 in a low trading volume in the absence of any ...
LG unveils premium designer mobile phones
Targets 10 per cent market share in the GSM segment
Tax collections up 19 p.c.
NEW DELHI: The Centre has mopped up Rs. 43,199 crore through indirect taxes (excluding services tax) during the first quarter of the current fiscal, an increase of 18.5 per cent over collections in April-June 2005. Excise duty accounted for Rs. ...
Oil Ministry against RIL gas sale
NEW DELHI: Anil Dhirubhai Ambani Group's (ADAG) plan to buy natural gas from Reliance Industries at less than half the market price is being opposed by the Oil Ministry, which in an internal note says that such a price may lead to "huge financial ...
Norm for UCBs in priority sector lending
MUMBAI: The Reserve Bank of India on Tuesday stated that investments made after April 1, 2007, 0by urban co-operative banks (UCBs) in bonds issued by NHB and HUDCO exclusively for financing of housing, irrespective of the loan size, will not be ...
Orissa group to expedite Mittal project
BHUBANESWAR: The Orissa Government on Tuesday constituted a high-level joint working group to coordinate and facilitate the establishment of the 12 million tonne steel plant proposed by L N Mittal in the State. The joint working group will be ...
Workshop on hedging for textile mills
COIMBATORE: The Southern India Mills' Association will organise a workshop here on "hedging mechanism through NCDEX" on July 15. The workshop would provide participants with expertise and knowledge to operate on commodity exchanges. According to ...
Hero Hondo net profit up
CHENNAI: : Hero Honda has reported a turnover of Rs. 2,416.65 crore for the quarter ended June 30, 2006, against Rs. 2,007.63 crore in the corresponding period in 2005-06. Sales of two-wheelers have gone up to 8.33 lakh units from 6.88 lakh ...
Tata Power joins hands with Siemens
CHENNAI: : Tata Power has announced the signing of a development agreement with Siemens Project Ventures GmbH (SPV), Germany, a 100 per cent subsidiary of Siemens AG's financial services group (Siemens Financial Services), to jointly participate ...
BOI launches `Samanya Credit card'
CHENNAI: : Bank of India (BOI) has launched a "Mega project for integrated development of 101 villages" all over the country in commemoration of its centenary year. The bank has identified four villages in Tamil Nadu and financed Rs.90 lakh to ...
Mediaware launches Radio Media Workflow
CHENNAI: : Mediaware Infotech has introduced Radio Media Workflow (RMW), a software which handles all aspects of radio production and airing, according to a release. From automating ad booking and ad scheduling, right up to client invoicing, RMW ...
Pequot Ventures invests $10 m in IMImobile
CHENNAI: : Pequot Ventures has invested $10 million in IMImobile, a Hyderabad-based developer of wireless data, voice technology platforms and content aggregation services for mobile operators. The company has secured over 40 customers worldwide, ...
Sahara Computers certified by NVIDIA
NEW DELHI: Sahara Computers & Electronics, the South Africa-based global technology major, has announced that it has been certified under the NVIDIA business platform programme. This is crucial in addressing the issues pertaining to the platform
SIB declares 18 p.c. dividend
THRISSUR: : South Indian Bank (SIB) has declared a dividend of 18 per cent for 2005-06. A release said the bank has posted a net profit of Rs. 50.90 crorethis fiscal against Rs. 8.70 crore in the previous year. The bank's capital adequacy ratio ...
Retail outlet for lifestyle products
THIRUVANANTHAPURAM: Krishnan Nair & Sons has opened the first retail outlet for OSIM range of products in Kerala. OSIM International Ltd. is Singapore's largest manufacturer of lifestyle products. It is fast becoming a global leader in the ...
GE oil & gas to supply compressors to RPL
MUMBAI: GE's oil & gas business will supply compressors to Reliance Petroleum (RPL) for a green field project in Jamnagar that will result in the world's largest refinery complex at a single location, with the capacity to process almost two per .
Radio City to set up 16 FM stations
HYDERABAD: : Radio City has announced plans to invest Rs. 70 to 80 crore this fiscal to set up 16 FM (Frequency Modulation) stations across India. The head count of personnel in the new stations will be 250, the Chief Executive Officer, Apurva ...
Four Soft to establish technology centre in Pune
HYDERABAD: : Four Soft, a transportation and logistics software product company, announced on Tuesday that it would establish a technology centre in Pune, which will start functioning from August 1. Four Soft Managing Director, Srikanth, said in ...
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