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Wednesday, November 22, 2006
India, China set for closer economic ties
Consultations to be intensified in crucial areas
Cairn Energy bullish on Rajasthan field
Ravva onshore (AP) to sustain 50,000 barrels a day
General Motors to invest $300 m in Talegaon facility
Lays foundation for second plant; may consider investing in a powertrain plant
Sensex crosses 13600 mark
MUMBAI: After a two-day break, a strong bull charge on Tuesday drove the stock markets to new heights, with the Bombay Stock Exchange 30-share sensitive index (Sensex) closing at a new peak of 13616.77, up by a steep 186 points. Similarly, the ...
Depositories, DPs fined Rs. 116 cr.
MUMBAI: The Securities and Exchange Board of India on Tuesday asked NSDL and CDSL, besides eight depository participants, to cough up Rs. 115.81 crore for their involvement in the IPO scam that was uncovered last year. ...
WTO to investigate duty on Indian shrimp
GENEVA: The World Trade Organization set up a panel on Tuesday to investigate U.S. antidumping duties on shrimp, which Washington is already defending in two separate trade disputes. ...
Cap on imports from Sri Lanka
NEW DELHI: The Union Government on Tuesday capped the import of vegetable oils, pepper and dry and grated coconut from Sri Lanka to check the flooding of these commodities from the island nation under the Free Trade Agreement. While fixing the ...
Draft plan on funding rural phones
NEW DELHI: The Government has sought suggestions on its plan to invite tenders from telecom service providers for installing and operating telecom infrastructure in rural areas. Subsidy would be given from the Universal Social Obligation Fund ...
Spice to host Cellebrum music service
NEW DELHI: Cellebrum on Tuesday announced plans to provide "miTune background music'' that allows users to create their own ambience during a call by playing music of their choice in the background. Spice Telecom will be the first mobile service ...
Dabur to set up plant in UAE
NEW DELHI: As part of its overseas expansion, homegrown FMCG major Dabur will set up an integrated plant in the UAE with an investment of about Rs. 20 crore. ``In line with our overseas expansion, we plan to set up an integrated plant, which ...
Six PSU banks to ink MoU with Railways
NEW DELHI: Six nationalised banks PNB, BoB, Indian Bank, Canara Bank, Dena Bank and Union Bank will sign a memorandum of understanding on Wednesday with Indian Railways to set up 711 ATMs at railway stations. Out of the 711 ATMs, ...
Sify subsidiary receives NLD and ILD licences
CHENNAI: Sify Communications (SifyComm), a subsidiary of Sify, received licences from the Department of Telecommunication to operate and offer NLD (national long distance) and ILD (international long distance) services. Following this, Sify has, ...
Syndicate Bank announces 15 p.c. interim
MUMBAI: Syndicate Bank has informed the Bombay Stock Exchange that the board of directors of the bank, at its meeting held on November 21, has declared an interim dividend of 15 per cent for ...
Gitanjali Gems' MoU with Saudi company
MUMBAI: Gitanjali Gems has entered into a memorandum of understanding (MoU) to have a 50:50 joint venture with Sulieman Al Othaim of Saudi Arabia, one of the leading retail chains in the West Asia. This joint venture will facilitate the entry of ...
Teledata MoU with M.P. Government
CHENNAI: : Teledata Informatics has signed an agreement with the Madhya Pradesh government to provide rural wireless broadband connectivity, along with Motorola. The expected revenue from the contract is Rs.60 crore per annum, according to a ...
Great American to deploy i-flex product
CHENNAI: i-flex solutions has announced that Great American Insurance Company has selected Castek's Insure policy administration. According to a release, Great American will use Castek's Insure as its policy and customer system of record and to ...
Birla Sun Life and Idea Cellular join hands
HYDERABAD: : Birla Sun Life Insurance, a private insurance provider, and Idea Cellular, a cellular operator, announced that they have entered into a strategic alliance to provide value added services to their individual customer bases. The ...
Sobha Developers announces IPO
HYDERABAD: Sobha Developers Ltd. (SDL), a leading real estate development and construction company, has announced its initial public offering of 88.93 lakh equity shares of Rs. 10 each. The price band of the issue, taken up through 100 per cent ...
Guruji.com partners Infomedia
BANGALORE: Guruji.com, an Internet search engine, backed by Sequoia Capital India, has announced a partnership with Infomedia India, a leading media company. The partnership will allow Guruji.com to use the business listings of Infomedia Yellow ...
Torrent Pharma gets USFDA nod
CHENNAI: : Torrent Pharmaceuticals, an Ahmedabad-based pharma company, has announced that it has received an approval from the United States Food and Drug Agency (USFDA) for its API and formulations manufacturing facilities (excluding the ...
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