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Tuesday, February 13, 2007

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Sensex plunges 348 points on selling spree
Concern over spate of M&As weighing down on companies' financial health

ONGC to ink pact with Italy's ENI
To swap oil blocks in Congo and India

Maharashtra Governor releases book on Birla legacy
MUMBAI: Paying glowing tributes to industry doyen B. K. Birla and his wife Saraladevi, Maharashtra Governor S. M. Krishna on Monday released an anecdotal biography, `One Day At A Time,' celebrating the legacy of the Birla family and its ...

Industrial growth at 11.4 p.c. in Dec.
NEW DELHI: Industrial growth slipped to a sluggish 11.1 per cent in December 2006 from a high of 14.4 per cent a month earlier, mainly owing to a slump in the manufacturing sector, which grew by a relatively lower 11.9 per cent during the ...

Global mobile majors connect
Focus on entertainment content

`Big enterprises owned by the poor'
Yunus' suggestion at Calcutta Chamber jubilee

Wadias acquire Electromags Automotive
The all-cash deal is valued at Rs. 55 crore; EAPL promoters still hold some shares

Metropolis' investment plans
Company proposes to raise Rs. 35 cr. as private equity

Other Stories


Essar JV to set up steel plant in Vietnam
NEW DELHI: Essar Steel on Monday said it had joined hands with two state-run Vietnamese companies for setting up a two million tonne steel plant in southern Vietnam at a cost of $527 million (about Rs. 2371.50 crore) through its Singapore ...

GHCL acquires U.S. firm
MUMBAI: Diversified company GHCL, part of the Dalmia Group, on Monday said its step-down subsidiary Best Textiles International in the U.S. had acquired assets of Best Manufacturing Group LLC (BEST) for $35 million. ...

Broker fined for non-compliance
MUMBAI: The Securities and Exchange Board of India on Monday imposed a fine of Rs. 5 lakh on Mayur Jadeja, a stock broker, and ordered suspension of the certificate of registration of Ballabh Das Daga, a Calcutta Stock Exchange member, on ...

Potato hits upper circuit
MUMBAI: Rains across the North and Northeastern parts pushed potato futures contracts at the Multi Commodity Exchange of India Ltd (MCX) and the National Commodity and Derivatives Exchange Ltd (NCDEX) to hit the upper circuit. ...

Indian Airlines signs contract with German bank
NEW DELHI: Carrying forward its aircraft purchase exercise, the State-owned Indian Airlines on Monday signed a contract with German bank KfW IPEX-Bank, commissioning the bank for financing the purchase of the first batch of 10 Airbus A-320 ...

Axapta ERP to train Business Soft consultants
CHENNAI: Sundaram Infotech Solutions (SIS), the IT arm of Sundaram Finance, has taken its Axapta ERP training academy to the overseas market. J. Raghunathan, Vice President-Marketing, SIS, said in a release that the company had bagged an Axapta ...

ICSA EGM approves $52 m infusion
HYDERABAD: The extraordinary general meeting of ICSA (India) Ltd., a Hyderabad-based provider of embedded technologies and electrical infrastructure solutions to power, oil and gas sectors, has approved a foreign investment of $52 million. In a ...

IOB launches two new products
CHENNAI: : Indian Overseas Bank has launched two new products. One is `IOB Insta Invest,' an online trading facility for shares and commodities in a tie-up with Man Financial — Sify Securities Pvt. Ltd. The other product, `Overseas Cash', ...

APC announces innovative device
BANGALORE: American Power Conversion (APC), a world leader in power availability and protection solutions, announced the addition of the Mobile Power Pack to its award-winning range of mobility solutions. The Mobile Power Pack's sophisticated ...

HDFC Bank ties up with Godrej Aadhaar
CHENNAI: : HDFC Bank has entered into an agreement with Godrej Aadhaar, the agricultural services-cum-retail initiative of Godrej Agrovet Ltd. (GAVL) to offer attractive agricultural credit facility to the rural community across India, says a ...

'Transport deal of the year' award for ADCB
CHENNAI: : Abu Dhabi Commercial Bank (ADCB) has won the prestigious Euromoney Project Finance 2006 `Transport: Deal of the Year' Award. According to a release, the loan was extended to L&T Interstate Road Corridor Ltd. on a non-recourse basis to

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