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Wednesday, May 09, 2007
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Paswan unveils unified petroleum policy
PCPIR will be delineated investment regions

Murugappa Group joins $2 b club
Vellayan wants fertilizer subsidy scheme revisited

Inflation moderation will take time, says FM
Production of cereals, pulses has stagnated for many years

Tata Tea signs JV pact with Chinese company
The project will facilitate access to the Far Eastern market

RBI ban on connected lending by NBFCs
MUMBAI: The Reserve Bank of India (RBI) asked non-banking finance companies (NBFCs) not to grant any loan, advance or non-fund-based facility or any other financial accommodation to its directors or their relatives. Greater ...

Other Stories



Briefly
Swraj Paul, second richest British Asian
LONDON: NRI industrialist Lord Swraj Paul is the second richest British Asian with business interests largely based in the U.K., next only to Mike Jatania, head of the Lornamead cosmetics group. According to a new Asian rich list brought out by ...

Consultant appointed for Dena Bank buyout
NEW DELHI: Canara Bank is understood to be zeroing in on acquiring mid-sized Dena Bank, for which it has appointed Ernst & Young for exploring the possibility of such a deal, PTI reports, quoting ...

IREDA open to diluting Govt. stake
KOLKATA: Indian Renewable Energy Development Agency Ltd (IREDA) plans to dilute government equity by expanding its capital base. "IREDA will issue fresh capital to financial institutions," Managing Director Debashish Majumdar said. ...

StanChart platform for corporates
MUMBAI: Standard Chartered Bank on Tuesday launched `Straight2Bank', a one-stop proprietary e-channel for corporate and institutional clients to provide several services on a single ...

New deposit rates from Sundaram Finance
CHENNAI: Sundaram Finance has announced its interest rates on fixed and cumulative deposits with effect from May 1. The company will be paying 9.5 per cent (quarterly) on fixed deposits of 12 months, 10 per cent (24 months) and 10.5 per cent (36 ...

13 p.c. final from Syndicate Bank
BANGALORE: Syndicate Bank reported a 44 per cent growth in its global business to reach Rs. 1,31,473 crore in 2006-07 with the domestic segment growing by 46.3 per cent. The Chairman and Managing Director, C. P. Swarnkar, told reporters here on ...

Zenta integrates operations
CHENNAI: H-Cube on Tuesday announced that it has changed its name to Zenta and integrated the operations of its three subsidiaries to create one of the leading business and knowledge process outsourcing companies. Under the new Zenta brand, the ...

LG Electronics launches high definition DVD
BANGALORE: LG Electronics India launched its latest DVD, super multi blue player, a dual format high definition disc player. This DVD can play the next generation disc formats too. "We have developed the super multi blue player to end the ...

U.K. firm launches `Diamondbrite' in India
CHENNAI: Jewelultra, a U.K.-based private company, has launched its car paint protection process `Diamondbrite' in India. The company's Chairman and Managing Director, John Boseley, told reporters here last week that Diamondbrite protects car ...

Salora International net profit up
CHENNAI: Salora International has reported a turnover of Rs. 883.37 crore for the year ended March 31, 2007, against Rs. 584.27 crore in the corresponding period in the previous year. The profit after tax has risen by 51.2 per cent to Rs. 16.27 ...

Adobe to roll out production edition of CS3
CHENNAI: Adobe India will roll out its Adobe Creative Suite 3 Production edition, Adobe Creative Suite 3 (CS3) master collection and other related products in the third quarter of this year. Addressing a press conference here on Monday, Sandeep ...




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