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Wednesday, September 13, 2006
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Draft scheme to merge UWB with IDBI outlined
RBI receives 17 EoI for restructuring United Western Bank

High industrial growth not to impact interest rates, says FM
Manufacturing records robust performance; no SLR status for oil bonds

Videocon close to acquiring Daewoo Electronics
Joint bidding with U.S.-based equity fund Ripplewood

Sensex recovers on strong industrial growth
MUMBAI: Bolstered by a robust industrial growth, the Bombay Stock Exchange key index, Sensex, came out of Monday's crash and ended at 11660.79 , showing smart recovery of 110.10 points on Tuesday. On Monday, the BSE benchmark plunged by 368 ...

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Barometer


Briefly
Yes Bank, Intel launch wi-fi banking network
MUMBAI: Yes Bank in collaboration with Intel Technology India Pvt. Ltd. on Tuesday launched their wi-fi banking branch network, the first such network in the world. Initially, 20 out of the total 30 existing branches of Yes Bank will have ...

Anti-asthma inhalation capsule launched
NEW DELHI: Ranbaxy Laboratories on Tuesday announced the launch of Avessa inhalation capsules in India for the treatment of Asthma. ...

Govt. not to sell stake in PFC
NEW DELHI: The Prime Minister's Office has asked the Power Ministry not to go ahead with the sale of five per cent government shares in Power Finance Corporation and to come up with a fresh proposal for the company's maiden public offer, PTI ...

Sun Micro launches Coimbatore operations
COIMBATORE: Sun Microsystems launched its operations in Coimbatore on Tuesday by entering into a Strategic Regional Partner (SRP) agreement with Accel Frontline Ltd. for market growth and expansion. According to Sudhir Nayar, Director-Partner ...

Optional scheme of Central Excise Department
COIMBATORE: The Central Excise Department introduced an optional scheme with effect from July 13 for Central Excise and Customs assessees who have been issued show cause notices. According to a release, the assessees who have been issued show ...

Central Bank branch shifted to new premises
COIMBATORE: The Avarampalayam Branch of Central Bank of India has moved to a new premises on No. 32, Mariamman Koil Street, as a fully computerised branch with locker facility. It will have ATM and core banking shortly. According to a release, ...

Punj Lloyd joins hands with Swissport
MUMBAI: Punj Lloyd has entered into a joint venture with Swissport International, a world leader in the ground handling industry. The company will hold 49 per cent while Swissport will hold 51 per cent stake in the joint venture. According to ...

IDG establishes $150 m technology fund
CHENNAI: IDG Ventures, a global family of venture capital funds affiliated with International Data Group (IDG), has established a $150 million technology venture fund. The company has also announced the appointment of Sudhir Sethi as Managing ...

Workshop on software development
CHENNAI: The Academic Staff College of VIT, in association with the Computer Society of India, Division II, and Software Process Improvement Network (SPIN), Vellore Chapter, is organising a two-day workshop on "software development: best ...

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