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Saturday, September 23, 2006
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`SAIL expansion not mere volume gains'
Hot metal output set to rise to 23 million tonnes

Air Deccan incurs Rs. 340 crore loss in 2005-06
Signs term sheet agreement to raise $100 million

`No need for curbs on labour rights to attract FDI'
Buddhadeb seeks special package for SEZs

IOC chemical park in Haldia
Mulls foray into E&P and city gas distribution

Govt. makes transfer pricing adjustments
NEW DELHI: The Union Finance Ministry has made transfer pricing adjustments in the order of Rs. 3,500 crores in the first two years of its operation that started in from 2004-05, according to Revenue Secretary K. M. Chandrasekhar. "In the first year ...

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Barometer


Briefly
Inflation rate falls to 4.61 p.c.
NEW DELHI: The inflation rate declined to 4.61 per cent for the week ended September 9 from 4.78 per cent in the previous week, owing to cheaper chemicals, cement and some non-food items. ...

Limit in equity option index raised
MUMBAI: The Securities and Exchange Board of India (SEBI) introduced procedure for re-introduction of derivatives contracts and modified position limits of trading entities in equity index option contracts. "The market wide position limit shall ...

Jet can withdraw from escrow account
MUMBAI: The Bombay High Court on Friday allowed private carrier Jet Airways to withdraw Rs. 1,500 crore deposited by it for acquiring rival Air Sahara. ...

UWB Board to meet again on Sept. 26
MUMBAI: The Board of the United Western Bank, which met on Friday, decided to meet again on September 26 to consider the suggestions or objections on the Draft Scheme of Amalgamation received from the Reserve Bank of India. ...

Dell to focus on enterprise products
BANGALORE: U.S. computer-maker Dell has drawn up plans focussing on selling its enterprise products such as servers, storage and services to win more customers in consumer, government and education space in the country. "In the next 30-60 days, ...

Three banks sign MoU on strategic alliance
MANGALORE: The Chairmen and Managing Directors of Oriental Bank of Commerce, Indian Bank and Corporation Bank met in Mumbai recently and signed a memorandum of understanding among the banks, a Corporation Bank release said. The MoU encompasses ...

ITC Infotech in pact with Finnair
CHENNAI: ITC Infotech has signed an agreement with Finnair for outsourcing of significant projects to be delivered in an onsite-offshore mode. Under the agreement, ITC Infotech will implement the frequent flyer loyalty programme and marketing and ...

Cleartrip launches fly and shop offer
CHENNAI: Cleartrip has announced a tie-up with Kingfisher Airlines and Indiaplaza.in. This relationship between the three players results in an offer on all bookings of Kingfisher Airlines' tickets on Cleartrip.com. This offer is valid for travel ...

Sunstar to organise Bikex expo
CHENNAI: Delhi-based Sunstar Expositions Pvt. Ltd. is organising a two-wheeler automotive exhibition, 1st International Bikex India, at Pragati Maidan, New Delhi, from January 5 to 7, 2007. According to the Director of Sunstar Expositions, Anil ...

LG Balakrishna to divest stake in subsidiary
MUMBAI: LG Balakrishna and Bros., manufacturer of automotive and industrial chains under the brand name Rolon, will divest its stake in its wholly owned subsidiary, LGB Textiles, for Rs. 19.45 crore, the company informed the Bombay Stock ...

Sequoia Capital raises $400 m
MUMBAI: : The venture capital investment firm, Sequoia Capital India, has recently closed a $400 million fund to invest in later stages and growth capital opportunities across sectors in India. According to a release, the new fund will broaden ...

Hungama Mobile ties up with Koohiji Group
CHENNAI: South Asia 's premier mobile entertainment company, Hungama Mobile, and the Dubai-based diversified business enterprise, Koohiji Group, have formed a business alliance to provide Middle East and North African (MENA) wireless consumers ...

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