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Thursday, March 22, 2007
Cabinet likely to take up FDI in telecom
NEW DELHI: The Union Cabinet is likely to take up on Thursday a proposal to enhance the FDI limit in telecom to 74 per cent in an effort to come out with guidelines before the current deadline of April 2 for meeting the norms expires. ...
Cement makers to meet FM today
NEW DELHI: Cement manufacturers will meet Finance Minister P. Chidambaram on Thursday to thrash out their differences over the recent increase in cement prices. ...
SAIL to foray into cement manufacturing
NEW DELHI: SAIL on Wednesday said it had signed a formal agreement with Jaiprakash Associates to foray into cement manufacturing at an investment of Rs. 600 crore. SAIL would hold 26 per cent stake in the joint venture company and Jaiprakash ...
Grain diversion blamed for higher food prices
WASHINGTON: The diversion of U.S. grain to produce ethanol to fuel cars has led to an increase in world food prices and the developing countries like India have already started paying for the rise in wheat prices, the Earth Policy Institute ...
CERC ropes in KPMG
NEW DELHI: The Central Electricity Regulatory Commission has hired accounting and consulting firm KPMG to prepare a regulatory information management system that would act as an authentic source of information and single point of reference. ...
Foundation laid for Syngene's research facility
BANGALORE: Biocon's wholly owned subsidiary, Syngene International Private Limited, and global pharma major Bristol-Myers Squibb, conducted the ground breaking ceremony of their new research facility at Biocon Park, Bommasandra Industrial ...
Small and mid-cap fund from JM Financial
HYDERABAD: : JM Financial Mutual Fund, which has opened JM small and mid-cap fund, is targeting a corpus of Rs. 500 crore. Sandip Sabharwal, Chief Investment Officer, JM Financial Asset Management Pvt. Ltd., said here on Wednesday that the ...
Dabur launches `Real Twist' fruit drink
CHENNAI: : Dabur Foods Ltd. has entered the fruit drinks segment with the launch of `Real Twist.' Amit Burman, Chief Executive Officer, Dabur Foods, told reporters here on Wednesday that the product was being launched in three variants: Mango ...
`Intex' in Mumbai
CHENNAI: : Intex-International Apparel Fabrics & Accessories Trade Fair, India, will be held from March 27-29 at the Bombay Exhibition Centre, Mumbai. With confirmed and larger participants from Taiwan, China, Korea, Pakistan, Sri Lanka, Thailand
CUB gets RBI nod for preferential issue
CHENNAI: City Union Bank has received approval from the Reserve Bank of India for the preferential issue of equity shares to Larsen & Toubro. The bank proposes to allot 12 lakh equity shares of Rs. 10 each at a price of Rs. 169 per share ...
PNB opens rural branch with CBS
BANGALORE: : Punjab National Bank (PNB) has introduced CBS at a rural branch with the opening of a branch at Bidadi Industrial Area, about 25 km from here. The area has a number of major industries, including Toyota Kirloskar Motor ...
RSWM buys 48 p.c. stake in Cheslind Textiles
NOIDA (U.P.): RSWM Limited (RSWM), an LNJ Bhilwara group company and an integrated player in the textiles sector, has concluded a transaction to acquire 48.17 per cent equity stake in Cheslind Textiles, a 100 per cent export oriented unit (EoU), ...
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