Online edition of India's National Newspaper
Tuesday, April 03, 2007
Sensex crashes by 617 points
Minimum capital for mortgage companies
MUMBAI: To facilitate housing finance business, the Reserve Bank of India on Monday proposed a minimum capital requirement of Rs. 100 crore for mortgage guarantee companies. Such companies will have a minimum net owned fund of Rs. 100 crore, ...
Tata Steel completes Corus acquisition
LONDON: Tata group's $12 billion takeover of Anglo-Dutch giant Corus Group Plc. reached its culmination with the deal coming into effect from Monday, making Tata Steel the world's fifth largest steel firm. With this, Corus has become a ...
Arcelor-Mittal announces buyback
PARIS: Global steel giant Arcelor-Mittal on Monday announced a share buyback programme to repurchase up to $590 million worth of shares. It said in a statement that the buyback was part of a dividend policy to return 30 per cent of net income ...
Common platform for e-filing for corporates
MUMBAI: Corporates, beginning on Monday, will have to file all mandatory information on a common platform at www.corpfiling.co.in to be maintained by BSE and NSE. ...
Motilal Oswal files draft prospectus with SEBI
CHENNAI: Motilal Oswal Financial Services Ltd. (MOFSL), a financial services company focused on wealth creation for institutional and corporate clients, HNIs and retail customers, proposes to enter the capital market with a public issue through ...
Hero Honda posts higher sales in 2006-07
CHENNAI: Hero Honda Motors clocked sales of 2.78 lakh two-wheelers in March 2007, thus ending the financial year 2006-07 with an impressive cumulative tally of 33.37 lakh units. The company had registered sales of 2.72 lakh units in March 2006 ...
UTV ties up with Hewlett-Packard
BANGALORE: : UTV, the Indian media and entertainment company, and Hewlett-Packard have announced comprehensive projects in the sector in India. The alliance will enable HP to deploy information technology infrastructure and applications at UTV to ...
SAP launches `RFID'
BANGALORE: : SAP, a provider of business software, has unveiled radio frequency identification (RFID) and other auto-identification technologies, enabling companies across many industries to apply the technology in unprecedented ways to solve ...
3i Infotech completes euro 30 m FCCB offering
MUMBAI: : IT solutions provider 3i Infotech has announced that it has successfully launched and priced a Foreign Currency Convertible Bond (FCCB) offering of euro 30 million convertible over a five year period at a conversion price of Rs. 308.63. ...
ITC Infotech in `2007 Global Outsourcing 100'
BANGALORE: ITC Infotech, the fully owned subsidiary of ITC, has been ranked in the Leaders Category for the `2007 Global Outsourcing 100' by the International Association of Outsourcing Professionals, a worldwide body. ...
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