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Wednesday, August 02, 2006

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Hindustan Tin signs pact with Rexam of U.K.
New state-of-the-art facility proposed in Mumbai

Stringent laws sought to tackle counterfeiters
Three sectors account for 60 p.c. of all counterfeit products

Home, other loans costlier by up to 100 basis points
Hike necessitated by the increase in the cost of funds to banks

Loyalty programme unveiled
The scheme offers scope to earn points from more than one partner on each deal

BTS India Private Equity fund launched
The fund will have a corpus of $80 m

Mauritius fund to invest in Everonn Systems
Further fund infusion through fresh equity

Other Stories


Seminar on business opportunities
COIMBATORE: The Confederation of Indian Industry - Coimbatore Zone will organise here a seminar on "India Africa Project Partnership - Showcasing Business Opportunities" on August 11. A release from the CII says the objective of the ...

Air Arabia increases frequency
NEW DELHI: Air Arabia, the first low-fares airline in West Asia, on Tuesday announced an increase in its frequency on the Sharjah-Mumbai sector. The airline has added six weekly flights to meet increased demand from customers. The increase takes ...

Apollo Sindhoori launches Sensex Futures on BSE
CHENNAI: Apollo Sindhoori Capital Investments has soft launched the trading facility of Sensex futures on BSE in Chennai. P. B. Subramaniyan, Executive Director, has indicated in a release that the company now has close to 500 offices all over ...

Pyramid Saimira files prospectus with SEBI
CHENNAI: Pyramid Saimira Theatre Ltd., the largest theatre chain company, has filed a prospectus with Securities and Exchange Board of India (SEBI) for issue of equity shares on 100 per cent book building method for Rs. 84.44 crore. This issue ...

MphasiS BFL Q1 net drops
BANGALORE: The net profit of MphasiS BFL declined by 29.7 per cent during the first quarter of the current fiscal to Rs. 10.65 crore from Rs. 15.16 crore a year earlier as the company's margins were hit by salary hikes to employees. However, the ...

PNB posts marginal increase in profits
NEW DELHI: Punjab National Bank on Monday posted a marginal increase in net profit at Rs. 367.52 crore for the quarter ended June 30, 2006, as compared to Rs. 358.16 crore in the corresponding period in the previous year. But it reported a drop ...

Granules' product gets USFDA nod
HYDERABAD: Granules India and Amneal Pharmaceuticals LLC of the U.S. have announced that their metforimn hydrochloride tablets of 500 mg, 850 mg and 1,000 mg secured the abbreviated new drug application (ANDA) approval from the U.S. Food and ...

Natco Pharma's Q1 net up
HYDERABAD: Natco Pharma has registered aggregate revenue of Rs. 50.89 crore during the first quarter of the current financial year ended June 30, 2007, against Rs. 46.23 crore in the corresponding period in the previous fiscal. Consolidated ...

Northgate posts higher Q1 net
HYDERABAD: Northgate Technologies, an IT solutions company, has registered a net profit of Rs. 11.80 crore during the first quarter of the current financial year ended June 30, 2007, against Rs. 4.07 crore registered during the corresponding ...

DQ Entertainment, Onyx Films form JV
MUMBAI: DQ Entertainment Ltd and France's creative power house for CGI (Computer Generated Imagery) films, Onyx Films, have announced the formation of a joint venture to produce high-end CGI feature films. Along with this JV, DQE also announced ...

Warranty on Champion XL printers
CHENNAI: : TVS Electronics has announced a three-year warranty that includes the print head for its `MSP Champion XL' series of printers. Narendran, General Manager, Marketing, said in a release that with the launch of this offer, TVS-E now ...

Sanovi Tech secures additional funding
BANGALORE: Sanovi Technologies Inc., a leading business continuity and disaster recovery solutions company, announced on Tuesday that it has secured a further $6.1million financing led by Advanced Technology Ventures (ATV). The company plans to ...

Karnataka Bank revises NRE deposit rates
MANGALORE: Karnataka Bank has revised the interest rates on its non-resident (external) rupee deposit (NRE) scheme with effect from August 1. The rate for deposits of one year to less than two years is 6.70 per cent (6.54 per cent earlier), for ...

Hinduja TMT Q1 net up
BANGALORE: Hinduja TMT, the IT unit owned by the Hinduja Group, has reported a more than three-fold increase in its net profit for the quarter ended June 30 at Rs. 8.07 crore against Rs. 2.44 crore in the corresponding quarter of the previous ...

ADA, Altair to collaborate on aerospace industry
BANGALORE: The Bangalore-based Aeronautical Development Agency (ADA) and Altair Engineering India will collaborate to build and market the new generation computer aided engineering (CAE) solutions for the aerospace industry in India. ADA is an ...

Bal Pharma net up 16 p.c.
BANGALORE: The Bangalore-based Bal Pharma has posted a 16.32 per cent rise in net profit at Rs. 1.11 crore for the first quarter of the current fiscal from Rs. 95 lakh a year ago. The company said in a statement that its net sales grew by 11 per ...

ATF rates up again
NEW DELHI: For the fifth month in a row, public sector oil firms on Tuesday raised jet fuel (aviation turbine fuel) prices in line with rising international crude oil prices. ATF prices for domestic airlines in Delhi rose by Rs. 1,063.93, or 2.5 ...

Sanjiv Batra to take over as MMTC Chairman
NEW DELHI: The Government has appointed Sanjiv Batra as the new Chairman and Managing Director of MMTC Ltd. Mr. Batra replaces S. D. Kapoor who retired from office on ...

TDSAT rejects petition on ADC
NEW DELHI: Even as BSNL is challenging the Telecom Regulatory Authority of India's decision to cut access deficit charge (ADC), the Telecom Dispute Settlement and Appellate Authority has rejected petitions of basic telecom service providers, ...

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