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Saturday, August 05, 2006
Board nod `must' for PSBs raising interest rates
Directive follows a spate of interest rate hikes by banks
Roland Junck named Arcelor Mittal CEO
Aditya Mittal chosen Chief Financial Officer
SABMiller to acquire Foster's India assets
The deal is valued at Rs. 540 crore
Legal outsourcing firm gets funding
Gets $4 m investment from a consortium led by GlenRock
Cos. need to e-file papers
Online registration to be made compulsory by mid-September
Collaboration crucial in "today's flat world"
India is a land of opportunity, says S. Ramadorai of Tata Consultancy Services
Panel to study use of technical textiles
NEW DELHI: The Central Government has constituted an inter-ministerial committee to examine the feasibility of a regulatory framework to promote the use of technical textiles. The panel comprises officials from the ministries of defence, home ...
Deora rules out subsidy to Reliance
NEW DELHI: Petroleum Minister Murli Deora has ruled out giving any compensation to Reliance Industries to make up for the losses the company is making on petrol and diesel sales. "There is no question of giving compensation to Reliance,'' he ...
Deadline for wheat import extended
NEW DELHI: The Union Government on Friday extended the deadline for import of the first tranche of five lakh tonnes of wheat to February 28, 2007, from the earlier schedule of August 31. ...
Inflation rate climbs to 4.67 p.c.
NEW DELHI: The inflation rate rose to 4.67 per cent for the week ended July 22, from 4.52 per cent in the previous week, mainly owing to increase in the prices of vegetables, pulses, industrial fuel and some manufactured items. ...
IBM acquires Indian American-owned IT firm
NEW YORK: IBM has acquired privately-held Webify Solutions founded by Indian American Manoj Saxena. Although the financial terms have not been disclosed, IBM has said that around 120 employees of Webify working in Texas and Mumbai would become ...
Punjab Tractors moves CLB over Swaraj Mazda
NEW DELHI: The tussle between Punjab Tractors and its partner Sumitomo Corp. over control of Swaraj Mazda has reached the Company Law Board with Pubjab Tractors charging Sumitomo with mismanagement and suppression of facts in the joint venture. ...
1:1 bonus from Vishnu Sugar Mills
MUMBAI: Vishnu Sugar Mills has recommended an issue of bonus shares in the ratio of one share for every equity share held, subject to ...
ResMed launches India operations
NEW DELHI: The U.S.-based medical devices developer. ResMed, on Thursday launched its operations in India with an office in New Delhi. The company, which manufactures and markets devices for diagnosis and treatment of sleep disorder, breathing ...
IDBI launches tax-saving fixed deposit
CHENNAI: IDBI is launching a five year IDBI Suvidha Tax Saving Fixed Deposit with effect from August 4. The rate of interest on the five year deposit is 8.5 per cent. For senior citizens, the rate of interest would be higher at 9 per cent. Under ...
Sunil Hi-Tech bags contract from Tata Projects
CHENNAI: Sunil Hi-Tech Engineers has bagged a contract worth Rs. 5.35 crore from Tata Projects for the fabrication and erection of structural steel for its plant at Giral, Rajasthan. The company specialises in fabrication, erection, testing and ...
Bank of India in pact with UTI Mutual Fund
CHENNAI: Bank of India has entered into a tie-up with UTI Mutual Fund for providing the members of self-help groups an investment opportunity through a micro-pension initiative under UTI-Retirement Benefit Pension Fund. Under the initiative, ...
Oriental Bank of Commerce hikes deposit rates
CHENNAI: Oriental Bank of Commerce has revised the interest rate for domestic term deposits effective from August 1. According to K. Srinivas, Regional Head of Chennai region, senior citizens can look forward to a maximum rate of 9-9.25 per cent ...
ISO 9001:2000 for SRM Learning Tree
CHENNAI: The Chennai-based SRM Learning Tree Pvt. Ltd. has bagged the ISO 9001:2000 award from Perry Johnson Registrars of the U.S. during the third party audit conducted recently. The certification was awarded for establishing and applying a ...
New President and VP for EFSI
CHENNAI: J. N. Amrolia, Executive Director, Ashok Leyland, Chennai, has been elected as the President of the Employers' Federation of Southern India (EFSI) for 2006-07. Mr. Shaji Varghese, Senior Vice President, A. V. Thomas & Company, Cochin, .
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