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BUSINESS
TRAI roadmap for 3G spectrum
The services will enable video streaming and data intensive work

Sensex touches 12400 level on strong global trend
MUMBAI: Influenced by strong global trend, the Bombay Stock Exchange benchmark, Sensex, raced past the 12400 level on Wednesday for the first time after May 12 but ended the day at 12366.91 as late selling pressure trimmed the gains. The ...

IOC, West Bengal sign pact for chemical hub
The oil major will assume the role of `anchor investor'

Sonata to take majority stake in German firm
The deal is worth Rs. 106 crore

Other Stories



Barometer


Briefly
Escorts sells entire stake in Carraro India
MUMBAI: Escorts on Wednesday said it had received Rs. 114.52 crore after divesting its entire stake in Carraro India Ltd. The company divested its entire shareholdings in the joint venture to the partner, Italy-based Carraro SpA. ...

IOC sells Rs. 1,450 cr. worth oil bonds
NEW DELHI: The Indian Oil Corporation on Wednesday said it had sold oil bonds worth Rs. 1,450 crore in the secondary market.

Dr. Reddy's ties up with ClinTec
HYDERABAD: Dr. Reddy's Laboratories has entered into an agreement with ClinTec International of the U.K. for jointly developing an anti-cancer compound DRF 1042, for use as potential treatment of various types of ...

SEBI fines Dilip Pendse
MUMBAI: The Securities and Exchange Board of India (SEBI) imposed a penalty of Rs. 5 lakh each on Dilip Pendse (former Managing Director of Tata Finance), his wife Anuradha Pendse and Nalini Properties Ltd. for vioalting insider trading norms. ...

Sical Logistics to acquire Singapore co.
MUMBAI: The Chennai-based Sical Logistics on Wednesday said it would acquire 100 per cent shares of Singapore-based Bergen Offshore Logistics Pte Ltd. The acquisition is being funded to the tune of $16.9 million from the company's recent FCCB ...

Volvo Bus Corporation pact with Jaico
NEW DELHI: Volvo Bus Corporation and the Indian company Jaico Automobiles have reached an agreement to start a joint company in India for production of bus bodies based on Volvo buses' body technology. Volvo Buses will be the majority owner with ...

DSP Merrill Lynch to raise Rs. 1,000 cr.
NEW DELHI: DSP Merrill Lynch has announced that it planned to mobilise Rs. 1,000 crore from the new fund offer (NFO) through the launch of `DSP Merrill Lynch Small and Mid Cap Fund', an open-ended equity growth scheme. Making the announcement ...

Bahwan Cybertek's new centre soon
CHENNAI: Bahwan Cybertek Pvt Ltd., (BCT), provider of diverse technology solutions and services and part of the Oman-based Suhail Bahwan Group, plans to construct a development centre on the Old Mahabalipuram Road (the IT corridor) in Chennai. ...

Citigroup arranges finance for L & T's road project
MUMBAI: L & T Interstate Road Corridor Limited and a consortium of banks, lead arranged by Citigroup, signed a Rs. 500 crore financing as a mix of domestic FCNR and ECP funds to finance L & T's Palanpur-Swaroopganj road project. In addition

`Emerging SMEs of India' publication series
CHENNAI: Dun & Bradstreet (D & B), in association with the SME Rating Agency of India (SMERA), has announced the launch of `Emerging Auto Component SMEs of India' which will serve as a global gateway to India's auto component SME segment. SME

Brady & Morris recommends bonus issue
MUMBAI: Brady & Morris Engineering Company has decided to issue bonus shares in the ratio of one share for every equity share held by utilising the free reserves. ...

Morf India to launch water purifiers
CHENNAI: Morf India, a leader in water purification systems, is planning to launch feature-rich water purifiers with ozone technology, water level controllers and water heaters. These products will be imported in CKD (completely knocked down) ...




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