Online edition of India's National Newspaper
Wednesday, February 28, 2007
SPV formed for freight corridors
GACL sells stake in ACIL to Holcim
MUMBAI: Gujarat Ambuja Cements Ltd. (GACL) on Tuesday said it had sold 11 per cent stake in Ambuja Cement India Pvt Ltd (ACIL) to Swiss cement major Holcim for Rs. 526.50 crore. The company, which owns 33 per cent holding in ACIL, has exercised ...
SEBI imposes fine on Kunaram Chaudhary
MUMBAI: The Securities and Exchange Board of India has imposed a fine of Rs. 54 lakh on Kunaram Chaudhary, promoter and director of Ransi Software, for his failure to furnish information to the regulator, manipulative role in his dealings in ...
Bharti bids for licence in Saudi Arabia
NEW DELHI: Bharti Airtel on Tuesday said it was part of a consortium bidding for the third mobile licence in Saudi Arabia. The company said it had a minority stake in the consortium led by a Saudi company. ...
DaimlerChrysler pact with China's Chery
FRANKFURT: The supervisory board of DaimlerChrysler on Tuesday gave its approval for a limited partnership with China's Chery Motor Co. to build small, economical cars for North America and western Europe. ...
Intel to invest $1.5 b in New Mexico factory
SAN JOSE: Intel Corp. plans to spend $1-1.5 billion to overhaul its semiconductor production facility in New Mexico to manufacture computer chips with next-generation technology. ...
Syndicate Bank offers two new schemes
BANGALORE: Syndicate Bank has introduced two new term deposit schemes Synd 400 Plus and Synd 500 Plus. For Synd 400 Plus, the rate of interest for deposits below Rs. 15 lakh is nine per cent and for Rs. 15 lakh and above 9.20 per cent. ...
`XITE' range of scooterettes launched
CHENNAI: : Kabirdass Motor Company, Chennai, has launched four models of its environment-friendly scooterette series. These scooterettes operate using electric energy with the help of a battery. The price of the vehicles ranges between Rs. 28,000 ...
Aurobindo Pharma debuts in Botswana
HYDERABAD: : Aurobindo Pharma has announced that the drug regulatory authority of Botswana has registered nine of its anti-retroviral products. The products are used in the management of HIV-positive cases, says a ...
$100,000 grant for TCS
BANGALORE: : Tata Consultancy Services has won a $100,000 grant from Qualcomm Inc. as part of its wireless reach `BREW' application funding programme. The initiative with a $1 million fund is to increase the availability of useful wireless ...
Granules India allots stake to Ridgeback Capital
HYDERABAD: : Granules India has decided to allot 14.9 per cent of its stake to Ridgeback Capital Investment LLC, a U.S.-based pharma fund, on a preferential basis. According to Krishna Prasad, Managing Director, Granules India, the company will ...
CCS Infotech bags NLC, RBI orders
CHENNAI: : CCS Infotech, an IT solutions provider, has announced that it has bagged orders worth Rs. 1.71 crore from various sectors. The company has received a Rs. 1.5-crore order from Neyveli Lignite Corporation, a Rs. 12.5-lakh order from RBI, ...
CHENNAI: The following senior appointments have been announced by the companies concerned: Soiles Bhattacharya has assumed charge as Director (Finance) of Steel Authority of India Ltd. Prior to this he was Executive Director (Finance & ...
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