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Friday, January 26, 2007

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`Use rupee-rouble debt to boost investment'
Russian President Putin calls for closer economic ties

Consolidation within RRBs to continue
Merger with sponsor banks ruled out

IT product for engineers
Tata Technologies re-launches its flagship product, igetit

Falcon-Montona Tyres merger gets board nod

Rupee ends higher
MUMBAI: The rupee ended higher at 44.2350/2425 a dollar on Thursday against 44.28/29 on Wednesday, buoyed by a strong rally in equity markets. After touching a high of 44.21against the dollar, some exporters sales at the month-end to match ...

TVS launches electric start entry-level bike
NEW DELHI: TVS Motor Company on Thursday rolled out an electric start version of its entry-level motorcycle `StaR City', carrying a price tag of Rs. 36,750 (ex-showroom price in Delhi). The motorcycle comes with new graphics and added features ...

ONGC, Rosneft sign MoU
Joint ventures in exploration, production planned

Late rally lifts key indices
MUMBAI: The Bombay Stock Exchange gathered momentum in late afternoon trade on the last day of the January series, with both the Sensex and the Nifty closing more than one per cent up at new closing peaks on hectic short-covering. Metal, ...

Other Stories


Nil customs duty on maize imports
NEW DELHI: The Central Government on Thursday issued a notification allowing imports of maize at zero customs duty till December 31. The Government had earlier exempted customs duty on wheat and pulses and had reduced customs duty on edible oils ...

Inflation rate declines
NEW DELHI: The inflation rate declined to 5.95 per cent during the week ended January 13 from a two-year high of 6.12 per cent in the previous week, primarily because of decline in prices of food products. ...

Record growth in industrial output
NEW DELHI: Industrial production registered a high growth of 14.4 per cent in November 2006, as compared to November 2005. This is the highest growth in over a decade. Industrial growth during the first eight months (April to November 2006) of ...

MCX to launch coffee futures
MUMBAI: The Multi Commodity Exchange of India Ltd. (MCX) will launch futures trading in Coffee (Robusta) based on Euronext-Liffe on January 29. ...

SEBI bars Ranbaxy's investment co.
MUMBAI: The Securities and Exchange Board of India on Thursday barred Vidyut Investment Ltd (VIL), the financial services arm of Ranbaxy Laboratories, from dealing in securities for two years citing its involvement with the Ketan Parekh (KP) ...

Escorts to raise $100 m through QIP
MUMBAI: Escorts on Thursday said it would raise $100 million (over Rs. 450 crore) through the issue of equity-linked instruments through qualified institutional placement (QIP). In a release Escorts said the board of directors at its meeting ...

AFL to acquire Telesis' banking solutions wing
CHENNAI: : Accel Frontline is acquiring the banking solutions division of Telesis Global Solutions Ltd., a city-based software company specialising in software products for banking applications and implementation and migration services for core ...

LifeKen adopts Oracle Retail applications
BANGALORE: Lifetime Healthcare Pvt. Ltd., promoter of LifeKen, a leading player in organised pharma retail, has announced that it has chosen Oracle Retail applications to centralise and integrate their retail operations. This solution, which ...

IDS Softwares launches Fortune MobilePOS
CHENNAI: IDS Softwares Pvt. Ltd., a product software company, on Thursday announced the launch of Fortune MobilePOS, which enables stewards in a restaurant (or any other food and beverage outlet) to take an order from the guest electronically on ...

SpiceJet's promotional offer
NEW DELHI: SpiceJet, the no-frills private domestic carrier, on Thursday announced a new promotional offer on the occasion of India's 58th Republic Day, giving away 99,999 seats at an `unbelievable' price of 99 paise for travelling between ...

PFC IPO opens on January 31
HYDERABAD: Power Finance Corporation Ltd., a Government of India undertaking, has announced plans to enter the capital market next month through an initial public offering of its equity shares to the public through book building. The issue opens ...

BHEL bags contract
TIRUCHI: Bharat Heavy Electricals has won a contract for setting up two units of 500 MW each at Mejia Thermal Power Station in West Bengal on a turnkey basis. The order has been placed by Damodar Valley Corporation. Slated for synchronisation ...

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