Online edition of India's National Newspaper
Thursday, May 10, 2007
DTH-broadcaster deals: players favour regulation
Takes up issue of rising rupee with RBI
NEW DELHI: The Union Commerce Ministry has taken up the issue of adverse impact of the rising rupee on exports with the Reserve Bank of India, contending that measures must be taken to check appreciation in the domestic currency against the U.S. ...
Vodafone completes Hutch-Essar deal
LONDON: Vodafone has paid a discounted price of $10.9 billion in cash for Indian mobile firm Hutch-Essar to complete a deal that gives it access to one of the fastest growing mobile markets. The final price represents a reduction of $180 million ...
JP Morgan to invest in residential project
MUMBAI: J P Morgan Property Fund is going to set up a residential project in Chennai, at a cost of Rs. 400 crore. The Chennai-based Arihant Foundations and Housing will develop the residential property, spread over 45 acres, in joint ...
Chinese shares post record high
SHANGHAI: Chinese share prices moved into uncharted territory on Wednesday on a massive inflow of funds as investors chased stocks above the historic 4000 points level on the Shanghai Composite Index for the first time ever, dealers said. ...
Soma Enterprise signs pact with NHAI
NEW DELHI: Soma Enterprise, a leading infrastructure developer, has signed an agreement with National Highways Authority of India (NHAI) for the Rs. 460 crore Nagpur-Hyderabad highway project in Andhra Pradesh. Part of the North-South corridor ...
Indus Fila profit up; pays 15 p.c. dividend
BANGALORE: Textile sourcing company, Indus Fila, has reported a sharp rise in its total income to Rs. 273.64 crore in 2006-07. The company, part of Indus Mandhana Enterprises, said in a release that the profit after tax went up to Rs. 26.14 ...
Lakshmi Narayanan on USIBC board
CHENNAI: The U.S.-India Business Council has announced the appointment of Lakshmi Narayanan, Vice-Chairman of Cognizant Technology Solutions, to the Board of Directors of the U.S.-India Business Council (USIBC). USIBC is the premier business ...
Bharti AXA launches single premium ULIP
CHENNAI: Bharti AXA Life, the private life insurance joint venture between Bharti Enterprises and AXA, on Wednesday announced the launch of its first single premium unit-linked product, InvestConfident. This is the third market-linked product ...
DSP Merrill launches Micro Cap Fund
BANGALORE: DSP Merrill Lynch Fund Managers has launched its Micro Cap Fund, a three-year close ended scheme. Entry level will be at Rs. 10,000 and multiples and the board is discussing the possibility of pegging the exit load at 0.5 per cent, if ...
Royal Classic Group to expand market presence
BANGALORE: The Tirupur-based Royal Classic Group is set to expand its market presence across the southern states. Executive Director of the Group, R. Sivaram, told reporters here on Wednesday that 63 new outlets were being opened in the ...
Amway to open six offices in Tamil Nadu
CHENNAI: On the occasion of its ninth anniversary, Amway India has announced a slew of initiatives to drive growth in Tamil Nadu which is among the top five states for Amway in India. "Over the year 2007, we will be sprucing up our ...
New York Life invests in Avesthagen
BANGALORE: Avestha Gengraine Technologies Pvt. Ltd. (Avesthagen) has received a Rs. 22.50 crore investment in share capital by New York Life Investment Management India Fund, through equity shares, for a minority stake, a release said here. The ...
IFC loan for OCL India
CHENNAI: IFC, the private sector arm of the World Bank Group, is supporting an expansion in capacity of OCL India (formerly Orissa Cement), with a loan of $50 million. The IFC financing will help OCL build and operate a new kiln line of 1.3 ...
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