Online edition of India's National Newspaper
Saturday, January 20, 2007
Lamy wants India to budge on WTO issues
Forex reserves up $841 m
MUMBAI: India's forex reserves increased by $841 million to $177.426 billion during the week ended January 12 from $176.585 billion during the previous week. ...
PGCIL to tap market
BANGALORE: Power Grid Corporation of India Limited (PGCIL) has decided to tap the capital market with an initial public offer (IPO) by April-May to fund its expansion plans. PGCIL Chairman and Managing Director R. P. Singh said the company ...
Arcelor Mittal sells Polish steel mill
BRUSSELS: Arcelor Mittal on Friday announced the sale of its Polish steel mill Huta Bankowa to Alchemia SA, another Polish steel ...
Sri Lanka limits ownership of banks
COLOMBO: Sri Lanka on Friday limited the ownership of banks by any single investor to 15 per cent to prevent individuals or groups from making hostile takeover bids. Those who own more than 15 per cent will have five years to reduce their ...
GE to buy part of Abbott's business
CONNECTICUT: General Electric Co. will acquire Abbott Laboratories' in-vitro diagnostics and point-of-care diagnostics business for $8.13 billion (euro6.3 billion) in cash, the two companies announced. ...
Fabmall.com buys Indiaplaza.com
BANGALORE: Fabmall.com, a leading e-commerce company, announced that it is acquiring U.S.-based Indiaplaza.com, the leading e-commerce destination for Indians in the U.S. The combined e-commerce business will operate under the global brand ...
B V Naidu joins SemIndia team
CHENNAI: B. V. Naidu, former Director for STPI Bangalore and Hyderabad, has announced joining the founding team of SemIndia Inc., founded by Vinod Agarwal, Chairman and CEO of SemIndia Inc. Mr. Naidu will be the Managing Director based in India ...
Biocon revenue up 23 p.c. in April-Dec.
CHENNAI: The consolidated revenues of Biocon, a leading biotechnology company, have risen by 23 per cent to Rs. 710 crore in the nine months ended December 30, 2006. The profit after tax has risen by 11 per cent to Rs. 140 crore. The company has ...
Aviva Life raises capital base
CHENNAI: Aviva Life Insurance, a joint venture between Aviva and Dabur, has increased its capital base by Rs. 199.1 crore, taking the total paid-up capital to Rs. 758.2 crore. The fresh infusion will help fuel the growth plans in 2007, says a ...
HDFC Bank gold card for small businesses
COIMBATORE: HDFC Bank has launched HDFC Bank Gold Business Card in association with MasterCard International for self-employed and small businesses. According to a release, the card will be available to customers in Bangalore, Chennai, Kochi, ...
Tata Gold Plus opens showroom in Tirupur
TIRUPUR: The jewellery division of Tata Industries is planning for a Rs. 2,000 crore turnover in three years from its newly launched Tata Gold Plus jewellery showrooms, its Vice-President, L. R. Natarajan, has said. Tata Gold Plus' fifth ...
Zak Garmentech Bangladesh 2007
CHENNAI: Zak Trade Fairs & Exhibitions is organising the sixth International Apparel and Knitting Technology Trade show of Bangladesh from January 19 to 22 at Bangladesh China Friendship Conference Centre in Dhaka. About 20 countries are ...
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