Online edition of India's National Newspaper
Wednesday, October 04, 2006
Tatas to launch consumer electronics chain store
Tie up with Woolworths of Australia for technical support and sourcing
CWC ties up with RT Group for cold storage
NEW DELHI: Giving a concrete shape to the proposed multi-crore cold storages in the country, the Central Warehousing Corporation has entered into a Rs. 1,000-crore joint venture with a private company. "We hope this will be the beginning of ...
Megasoft plans to acquire U.S. firm
Merger would make 250-300 trained experts readily available
Saksoft buys Acuma of U.K. for $17 million
CHENNAI: Saksoft, a software solution provider to the financial services industry, has acquired the U.K.-based Acuma group in a cash deal. Acuma is a dedicated provider of information management solutions and strategic consultancy. The ...
Gangotri identifies production partners
Embarks on a Rs. 350-crore expansion programme
Tata Steel increases prices
NEW DELHI: Tata Steel on Tuesday increased the price of cold rolled steel by Rs. 300-500 a tonne and that of galvanised steel by Rs. 3,500 a tonne. The prices had to be increased owing to rising input costs, a company spokesman told PTI. ...
Uttam Galva hikes prices
NEW DELHI: Uttam Galva Steels on Tuesday announced that it had increased the prices across all its product categories. The price increase will be Rs. 1,000 for quarterly contracts and Rs. 2,000 in the domestic spot market. ...
Sovereign picks up stake in Indiabulls
MUMBAI: Indiabulls Financial Services will issue 72.50 lakh equity shares on a preferential basis, amounting to an equity stake of over four per cent, to foreign fund Sovereign Global for Rs. 302.33 crore. ...
Tariff value on palm oil retained
NEW DELHI: The Central Government has retained the base price for levying import duty on palm oil to keep its price under check. However, the base price called tariff value on brass scrap (all grades) has been increased by $197 to $4,826 a ...
Carrefour in talks with Dubai group
DUBAI: Carrefour, Europe's largest retailer, is in talks with Dubai's Landmark Group about opening up to 200 stores in India, Landmark Chief Executive Micky Jagtiani said. ...
New fund offer from DSP Merrill Lynch
COIMBATORE: DSP Merrill Lynch Fund Managers has launched DSP Merrill Lynch Small and Mid Cap Fund, an open-ended equity growth scheme with a portfolio comprising primarily securities of small and mid cap companies. The fund will close on October ...
Classic Polo's showroom in Coimbatore
COIMBATORE: The Tirupur-based, Rs. 225 crore Royal Classic Group opened its second exclusive showroom here on Monday. According to a company release, this is the 26th exclusive showroom of Classic Polo and it plans to add 20 more in the next ...
CAPEXIL award for MRF
KOLKATA: MRF has been awarded the CAPEXIL highest export award at a function held in Kolkata recently. For 2005-06, CAPEXIL instituted two highest export awards for the minerals and ores sector and the non-minerals sector. MRF won the award in ...
Wockhardt acquires Ireland company
MUMBAI: Wockhardt has announced the acquisition of Pinewood Laboratories, a fast growing branded generic pharmaceutical company in Ireland. The all-cash deal is worth $150 million on an enterprise value basis. Pinewood is Wockhardt's fourth ...
CUMI's new plant in Sriperumbudur
MUMBAI: Carborundum Universal has established a new coated abrasives plant at Sriperumbudur in Tamil Nadu at a cost of about Rs. 50 crore. The plant has a capacity to produce 15 million sq. m. of coated abrasive products annually. With this ...
Renesas sets up ODC at KPIT Cummins
BANGALORE: Renesas, a leader in the manufacture of mobile, automotive and digital AV semiconductors, on Tuesday announced the setting up of a dedicated off-shore development centre (ODC) at KPIT Cummins in Bangalore and Pune to expand and ...
Karnataka Bank revises NRE, FCNR (B) rates
MANGALORE: Karnataka Bank has revised interest rates on its non-resident (external) rupee deposit (NRE) scheme and FCNR (B) deposits with effect from Monday. According to a bank press release, the NRE deposit rates for a period of one year to ...
Springer deal with Indian Academy of Sciences
BANGALORE: Springer has signed a wide-ranging cooperation agreement with the prestigious Indian Academy of Sciences (IAS) in Bangalore. From January 2007, Springer will publish, jointly with the IAS, the latter's ten journals and will provide ...
M&M to launch MaXX Maxi Truck on Friday
MANGALORE: Mahindra and Mahindra will launch a new variant, MaXX Maxi Truck, through its authorised dealers, Karnataka Agencies, here on Friday. The MaXX Maxi Truck has been priced at Rs. 3.41-lakhs (ex-showroom Mangalore). The company also ...
Australian Foods bags award
BANGALORE: Australian Foods (India) Pvt. Ltd., an Indo-Australian joint venture and manufacturer of Cookie Man, has won the `Retail Concept of the Year' award at the third annual Images Retail Awards 2006 (IRA), instituted by the Images Group. ...
IOC to reach $60 b turnover by 2011-12
NEW DELHI: The Indian Oil Corporation (IOC) plans to touch a turnover of $60 billion by 2011-12, when its oil refining capacity will nearly double to 80 million tonnes. This was disclosed here by IOC Chairman Sarthak Behuria while presenting a ...
Moser Baer lists in Blu-ray disc specifications
NEW DELHI: In a major development, Moser Baer's in-house developed and patented technology has been considered one of the four standard media to be included in the Blu-ray disc specifications by the Blu-ray Disc Association. This was announced ...
IETE honours Sunil Mittal
NEW DELHI: The Institution of Electronics and Telecommunication Engineers (IETE) has conferred its highest honour, "The Honorary Fellowship," on Sunil Mittal, Chairman and Managing Director, Bharti Airtel Ltd., for his "scientific vision and ...
Northwest Airlines launches new aircraft
NEW DELHI: Northwest Airlines on Tuesday introduced a new Airbus A330-200 aircraft with daily services on the Mumbai-Amsterdam route. The flight number for this route has been changed from NW422/42 to NW34/33, which also represents a ...
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