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Wednesday, October 18, 2006
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Solitaire Capital among 22 FDI proposals cleared
The Singapore company to invest in real estate

TI Cycles launches BSA Workouts range
Unveils portal that will be a one-stop solution to fitness and wellness queries

Jet reports loss
High fuel costs impact operations

GTL buys Genesis of U.K.
The purchase consideration will be about $9 million

Maharashtra to buy Dabhol power at Rs. 5.01 a unit
Power purchase agreement will be signed today

Garnett buys major stake in Celunite
BANGALORE: Private equity firm Garnett & Helfrich Capital has acquired a controlling stake in a privately held U.S. company Celunite, which provides Linux-based open mobile platform software and services for the mobile industry, with development

STB inks MoU with Zak Trade Fairs
CHENNAI: : The Singapore Tourism Board (STB) has signed a memorandum of understanding with Zak Trade Fairs and Exhibitions Pvt. Ltd., (ZAK) an exhibition organiser, recently to collaborate in arranging trade fairs in Singapore. Catherine ...

Sensex drops 44 points on profit taking
MUMBAI: A new milestone eluded the Sensex on Tuesday, though it moved tantalisingly close to the 13000-level, as profit taking by funds and general investors pulled it down by 44 points. The market barometer Sensex literally came close to the ...

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Briefly
Bhushan plans steel plant at Kharagpur
KOLKATA: Bhushan Steels and Strips propose to set up a two million tonne steel plant and a 1,000 MW power plant at Kharagpur in West Bengal's Paschim Medinipur district, its Chairman, Brij Bhushan Singhal, said here on ...

Leyland acquires Avia truck business unit
PRAGUE: Ashok Leyland has acquired Avia's truck business unit in Europe at an estimated cost of $35 million.

MCX, IFM form JV
MUMBAI: Multi Commodity Exchange of India Ltd. (MCX) has entered into a joint venture with the Institute for Financial Markets (IFM), an affiliate of the Washington-based Futures Industry Association (FIA), to develop commodity futures courses ...

Polaris revenue and profit up
CHENNAI: Polaris Software Lab has reported a revenue growth of 10.14 per cent at Rs. 255.57 crore for the quarter ended September 2006, up from Rs. 232.05 crore in the previous quarter. The profit after tax went up from Rs. 20.27 crore to Rs. ...

Silverline in pact with U.S. firm
CHENNAI: Silverline Technologies has signed a joint venture agreement with Creative InfoCity of the U.S. for developing BPO and IT infrastructure facilities to the extent of five lakh sq. ft. at Infocity, Gandhinagar, Gujarat. The alliance will ...

SRA Systems unveils new framework
CHENNAI: SRA Systems has launched process-outsourcing framework, PROOF. This product encapsulates time tested reliable components that operate together with a synergy to make it a comprehensive BPO facilitating tool. PROOF can deal with increased ...

Tarun Print Tech wins 15 SGIA awards
CHENNAI: The Mumbai based Tarun Print Tech, a leading printing house has won 15 SGIA awards during SGIA-2006 Convention and Exposition organised by The Specialty Graphic Imaging Association International at Las Vegas, Nevada, U.S. According to a ...

TVS Electronics launches new keyboard
CHENNAI: : TVS Electronics has launched its `TVS Champ multimedia keyboard and optical mouse combo pack.' According to a press release, the keyboard, which would be available in dual tones, was equipped with `membrane tactile key switches' and ...

AIG Capital gets RBI nod for NBFC venture
CHENNAI: : AIG Capital India Pvt Ltd. has received regulatory approval from the Reserve Bank of India for its 100 per cent owned Non-Banking Financial Company (NBFC). The registration would permit AIG Capital to launch any of the permitted ...

SANDS group bags contract from TNEB
CHENNAI: Signals and Systems (India) Private Limited, a SANDS group company, has bagged an order worth Rs. 1.84 crore from Tamil Nadu Electricity Board. Under this project, the company will supply the common meter reading instrument for TNEB, ...

Omnitech files draft prospectus with SEBI
CHENNAI: Omnitech InfoSolutions Ltd., a global provider of technology services and technology-enabled services, has filed a draft red herring prospectus with SEBI in connection with its proposed initial public offering through a 100 per cent ...




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