Online edition of India's National Newspaper
Friday, May 25, 2007
ePaper
Online edition of India's National Newspaper Friday, May 25, 2007 ePaper |
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News Update
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BUSINESS
Barometer Briefly Foreign cos. can open escrow accounts MUMBAI: The Reserve Bank of India on Thursday allowed foreign companies to open escrow or special accounts in authorised banks for buying shares in Indian firms, a move that gives them more flexibility in acquiring domestic companies. ... India, Japan sign MoU on IPR NEW DELHI: India and Japan on Thursday signed a memorandum of understanding (MoU) to cooperate in the field of Intellectual Property Rights (IPR) where both nations will help and collaborate on capacity building, human resource development and ... DLF fixes price band NEW DELHI: Real estate major DLF on Thursday said it had fixed a price band of Rs. 500-550 per share for its Initial Public Offer through which it could raise a maximum of Rs. 9,625 crore. The issue will open on June 11 and close on June 14. ... RBI allows doorstep banking MUMBAI: The Reserve Bank of India has decided to permit banks to deliver cash and draft at the doorstep of individual customers, corporate customers, government departments and PSUs either against cheques received at the counter or requests ... Arham Plastics' Sriperumbudur unit on stream CHENNAI: Arham Plastics, a pioneer in plastic injection moulding, has successfully commissioned its new plant at Sriperumbudur, near Chennai. The plant has been set up primarily to meet the increased requirements of Hyundai. The company has ... Canbank MF declares 50 p.c. under CanExpo CHENNAI: Canbank Mutual Fund declared income distribution of 50 per cent on the face value of Rs.10 in its CanExpo scheme, an open-ended equity-oriented sectoral scheme. It has fixed May 29 as record date for the income distribution, says a ... DHL, Lemuir consolidate business in India MUMBAI: DHL and Lemuir Group, pioneers in the Indian logistics industry, on Thursday announced that Deutsche Post World Net and Lemuir have planned to consolidate their joint venture which would be named DHL Lemuir Logistics Pvt. Ltd. in India. ... Calsoft buys majority stake in Aspire CHENNAI: California Software Co. Ltd. (Calsoft) has announced the signing of a memorandum of understanding to acquire 51 per cent equity in Aspire Communications Pvt. Ltd. (Aspire). The acquisition will help Calsoft augment its product ... ClickJobs introduces `Jobs on Mobile' CHENNAI: Clickjobs.com has announced the launch of its mobile integration service, Jobs on Mobile, for job seekers. This free facility helps job seekers to get SMS alerts on their mobile about relevant job vacancies in their specific industry. ... KS Oils board approves stock split CHENNAI: KS Oils has informed the BSE that the board of directors has approved payment of a 15 per cent dividend for 2006-07, to increase the authorised share capital to Rs. 40 crore from Rs. 30 crore, to sub-divide equity shares from Rs. 10 per ... TMB ties up with UAE Exchange Centre TUTICORIN: Tamilnad Mercantile Bank (TMB), based at Tuticorin, has signed up with UAE Exchange Centre LLC, Abu Dhabi, the largest exchange house in the emirates, for money transfer services. With this tie-up, which comes into effect immediately, ... NIIT Tech recommends 1:2 bonus CHENNAI: NIIT Technologies has informed the BSE that the board of directors has recommended a dividend of Rs. 6.50 per equity share, issue of bonus shares in the ratio of 1:2 and an increase in authorised share capital from Rs. 45 crore to Rs. 75 ... Read Today's supplements: Friday Review | Young World | Send: Comments to: thehindu@vsnl.com Letters to the Editor to: letters@thehindu.co.in with full postal address |
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