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Friday, April 27, 2007
India joins trillion dollar club
FIPB to discuss Hutch-Vodafone sale
NEW DELHI: After deferring it thrice in a month, the Foreign Investment Promotion Board (FIPB) will take up the Hutch-Vodafone issue for the fourth time on Friday to examine if the $11.1 billion acquisition violated the FDI limit of 74 per cent. ...
Panel to develop Services Price Index
NEW DELHI: The Union Government on Thursday announced the setting up of an expert committee to compile a Services Price Index. The committee will be headed by Jawaharlal Nehru University (JNU) Prof. C. P. Chandrasekhar, an official release ...
Tata Tea acquires Vitax, Flosana brands
MUMBAI: Tata Tea on Thursday said it would acquire the Vitax and Flosana trademarks in Poland from Premium Foods for an undisclosed amount. Tata Tea's subsidiary, the Tetley group, has signed a definitive agreement to this effect and it would ...
SEBI to allow abridged annual report
MUMBAI: The Securities and Exchange Board of India on Thursday allowed listed companies to send only salient features of the balance sheet to their shareholders instead of the complete report by amending Clause 32 of the equity listing ...
New home UPS from APC-MGE
BANGALORE: : APC-MGE, a provider of critical power and cooling services, has announced the launch of 1 KVA Home UPS (uninterruptible power supply). On 100 per cent load, the UPS can provide up to one hour and 45 minutes back-up time and up to ...
Cambridge Solutions sells government vertical
CHENNAI: : Cambridge Solutions, a knowledge-based information technology outsourcing (ITO) and business process outsourcing (BPO) firm, announced the completion of the sale of its government vertical run under the Albion banner in the U.S. The ...
Ventura Securities opens office in Chennai
CHENNAI: Ventura Securities, a brokerage house providing value-based advisory services to institutions and high net worth and retail investors, opened its first branch in Chennai and launched Pointer, a user-friendly online trading platform for ...
Gremach acquires 200 acres in Maharashtra
CHENNAI: : Gremach Infrastructure Equipments has acquired approximately 200 acres from MIDC in Gadhinglaj, Dist. Kolhapur, Maharashtra, for its future expansion-cum-diversification plan. Gremach will expand and diversify its activities from an ...
Koutons files draft red herring prospectus
CHENNAI: The retail garment brand Koutons has filed its draft red herring prospectus with the Securities and Exchange Board of India and intends to enter the capital market with an IPO. As on February 28, the company had 26 manufacturing and ...
New plan from ICICI Prudential AMC
CHENNAI: : ICICI Prudential AMC launched the ICICI Prudential Micro Systematic Investment Plan with a minimum investment of Rs. 50 per month. This facility provides an opportunity to invest small amounts periodically and build a corpus of savings ...
Time Technoplast gets funding
CHENNAI: Funds managed and advised by Motilal Oswal Venture Capital Advisors Pvt. Ltd. (MOVCAPL) invested Rs. 19.5 crore in Time Technoplast, a leading producer of plastic drums used for bulk packaging of industrial goods. With manufacturing ...
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