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Tuesday, November 28, 2006
Wal-Mart enters India with Bharti tie-up
Stores to be opened in August; big investments are in pipeline
Boost to broadband connectivity
BSNL, MTNL to come out with attractive offers next year
NTC is now a single co.
The corporation plans to go in for financial restructuring
Accor, Emaar tie-up for 100 budget hotels
The investment will be $300 m in the 50:50 joint venture
EcoSecurities' pact with two T.N cos.
To sell carbon credits
Corus postpones EGM to Dec. 20
LONDON: The Anglo-Dutch steelmaker, Corus, on Monday postponed the EGM of its shareholders and the court meeting, scheduled for December 4, to decide on Tata Steel's offer, till December 20 to give "additional time'' to the Brazilian firm, CSN, ...
FDI cap in SEs in a week
NEW DELHI: The Finance Ministry is likely to announce the FDI and FII investment limits in stock exchanges in a week, K. P. Krishnan, Joint Secretary in the Ministry of Finance, said on the sidelines of the India Economic Summit. ...
Regulation on Intelligent Network
NEW DELHI: Mobile subscribers will now be able to access Intelligent Network (IN) services such as toll free number of other service providers, with the Telecom Regulatory Authority of India issuing a regulation that enables all consumers to ...
Cairn fixes price band
NEW DELHI: Cairn India Ltd. will raise a minimum of Rs. 5,260.80 crore by offering 32.88 crore equity shares in an initial public offering (IPO), the price band of which has been set at Rs. 160 to Rs 190 a share. The IPO is over and above the ...
UBS picks up 2.5 p.c. stake in UTI Bank
MUMBAI: UBS Securities Asia Ltd. has picked up nearly 2.5 per cent stake of UTI Bank for Rs. 344.58 crore in open market transactions.
Court notice to Centre on DLF issue
NEW DELHI: The Delhi High Court has issued notices to the Centre, SEBI and real estate firm DLF on an application challenging the company's decision to allot debentures to minority shareholders early this month. Justice Anil Kumar issued notices ...
Sun TV board okays merger scheme
CHENNAI: The board of directors of Sun TV has approved in principle the amalgamation of Gemini TV Pvt. Ltd. and transfer and vesting of all the undertakings/divisions except FM Radio division of Udaya TV Pvt. Ltd with the company. The board of ...
Surana appoints consultants for steel plant
CHENNAI: Surana Industries, engaged in setting up an integrated steel complex for producing special steels at a cost of Rs. 473 crore in Raichur, has appointed M.N. Dastur & Co for its captive power plant, MITECH for the steel melting shop, ...
SBI Life launches Bancassurance Online
CHENNAI: SBI Life Insurance Co. Ltd. announced on Monday the launch of `Bancassurance Online' with its promoter State Bank of India. O. P. Bhatt, Chairman of SBI formally inaugurated the portal. Bancassurance Online imports e-training on life ...
Gitanjali Gems raises $110 m through FCCBs
CHENNAI: Gitanjali Gems has successfully raised $110 million (Rs. 495 crore) through foreign currency convertible bonds. The initial conversion price determined at Rs. 275 per share represents a 28 per cent premium to the reference price on the ...
DSP Merrill Lynch launches Tax Saver Fund
CHENNAI: DSP Merrill Lynch Fund Managers has launched DSP Merrill Lynch Tax Saver Fund, an open-ended equity linked savings scheme. The new fund offer is open from November 27 to December 21. With a three-year lock-in period, investors can ...
Recognition for Thinksoft Global
CHENNAI: Thinksoft Global Services, financial software testing specialist company serving global 500 banking, financial and insurance organisations, has been ranked Number 20 in the Deloitte Technology Fast 50 India 2006. "We attribute this ...
Oberoi bags Tata AIG Award
CHENNAI: P. R. S. Oberoi, Chairman, The Oberoi Group, was conferred the Tata AIG Lifetime Achievement Award at the Galileo Express TravelWorld Awards 2006. This award has been given in recognition of Mr. Oberoi's long involvement and ...
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