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Tuesday, February 27, 2007
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3 auto majors to put up plant
M&M, Nissan and Renault to make multi-brand vehicles in Chennai facility

Fillip to component sector
CHENNAI: The Tamil Nadu Government has decided to earmark 200 acres for auto component units near the main facility. This follows a major investment win, which has seen Mahindra & Mahindra, Renault of France and Nissan selecting Tamil Nadu to ..

Railway budget hailed
Will have overall positive impact on economy

Late recovery in Sensex
MUMBAI: The Railway Budget set the tone for the stock market, which on Monday snapped a four-session losing streak and closed 17 points up, overcoming heavy pressure from foreign institutional investors (FIIs). The budget was hailed by India ...

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Barometer


Briefly
IBM introduces NOC-Inside
BANGALORE: IBM on Monday introduced NOC-Inside (Network Operations Centre - Inside), a comprehensive, effective and easy to implement and use automated IT infrastructure management service. NOC Inside, an automated service offering with ...

Computer Intl. opens development centre
CHENNAI: Computer International (CI) has opened `Yamuna Towers', the company's new development centre, on the IT corridor here. Jim Foster, Executive Vice-President, Sage Software, U.S., declared open the centre on Monday, says a release. CI ...

Prithvi Info allots FCCBs to Lehman Brothers
CHENNAI: Prithvi Information Solutions has allotted zero coupon FCCBs to the tune of $50 million to Lehman Brothers International (Europe), at a conversion price of Rs. 469.13 per equity share. Each bond is of the value of $100,000 and the yield ...

Ethypharm in licensing deal with Shantha Bio
MUMBAI: Ethypharm India, a subsidiary of leading French drug delivery company, Ethypharm, announced on Monday the signing of out-licensing and supply contract agreements for Ondansetron Flashtab with Shantha Biotechnics for India. The products ...

ICICI Bank launches `Money to Home'
CHENNAI: : ICICI Bank has introduced its global remittance service `Money to Home.' The service will enable transfers from any country to any country and customers can transfer money using multiple channels and locations. This facility will be ...

Nagman secures two export orders
CHENNAI: Nagman Instruments & Electronics (P) Ltd., a comprehensive calibration solutions provider, has secured two export orders worth $500,000 for supplying calibration test benches/systems/software to Kuwait Oil Company (KOC) and Johar Skill

Orchid's zero coupon FCCB issue
CHENNAI: : City-based Orchid Chemicals & Pharmaceuticals Ltd. has recently priced $175 million zero coupon Foreign Currency Convertible Bonds (FCCB), with an underwriter greenshoe option of $25 million. The offering will close on February 27 and




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