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Bank deposit rates set to decline
Interest rates will settle at 8.5 p.c., says Chidambaram

Spice launches dual phone
Plans a ‘Movie Phone’ with inbuilt DVD player

GAIL to focus on city gas projects
Identifies 238 cities for expansion

Dalmia Cement (Bharat) plans a slew of greenfield ventures
The Cuddapah project will go on stream in 2008

Cognizant steps up investment
Increases Coimbatore SEZ facility size

Other Stories



Briefly
Reliance Power gets letter of intent
NEW DELHI: Sasan Power Limited, the special purpose vehicle set up by the Power Finance Corporation, on Wednesday issued the Letter of Intent (LoI) to Anil Ambani owned Reliance Power Limited for the 4,000 MW Sasan Ultra Mega Power Project at ...

Onion export price raised again
NEW DELHI: In a bid to control the domestic prices of onion, government agencies have increased the minimum export price (MEP) for a third time since June by $20 a tonne effective from Wednesday, a senior official of the National Agricultural ...

SBI decision on fund raising shortly
NEW DELHI: State Bank of India will decide on the route for raising funds to meet its capital require- ments in the next couple of months. Asked whether the bank would float a rights issue or go in for a public offering, SBI Chairman O.P. ...

RBI releases manual on financial statistics
MUMBAI: The Reserve Bank of India on Wednesday released a manual — Manual on Financial and Banking Statistics. First of its kind, the Manual is a reference guide and provides a methodological framework for compilation of statistical ...

Financial Technologies net at Rs. 61 cr.
CHENNAI: Financial Technologies (India) has reported a total income of Rs. 102.80 crore in the first quarter ended June 30, 2007 (standalone) against Rs. 23.20 crore in the year-ago period. The profit after tax stood at Rs. 60.80 crore as ...

TVS-E first quarter profit at Rs. 6.33 cr.
CHENNAI: TVS Electronics earned a revenue of Rs. 56.58 crore during the quarter ended June 30, 2007, registering a growth of 7.4 per cent as compared to the corresponding quarter in the previous year. The profit after tax, after considering ...

Amara Raja profit up
CHENNAI: Amara Raja Batteries has recorded revenues of Rs. 217.39 crore in the three months ended June 30, 2007, a rise of 70.3 per cent over the year-ago period. The net profit has risen by 90 per cent to Rs. 17.91 crore against Rs. 9.42 ...

Sundram Fasteners profit rises
CHENNAI: Sundram Fasteners has recorded a total income of Rs. 298.60 crore in the three months ended June 30, 2007, against Rs. 291.64 crore in the year-ago period. The operating profit stood at Rs. 39.84 crore (Rs. 40.08 crore) and the net ...

Mitsubishi, VST Tillers form joint venture
CHENNAI: Mitsubishi Heavy Industries Ltd., (MHI), Tokyo, and VST Tillers Tractors Ltd., (VTTL) have announced the formation of a joint venture called MHI-VST Diesel Engines (P) Ltd. The plant will be located in Mysore and will manufacture ...

Quintegra Solutions net spurts
CHENNAI: Quintegra Solutions has posted an income of Rs. 20.26 crore on a standalone basis for the quarter ended June 30, 2007, against Rs. 13.20 crore in the corresponding period in the pervious year. The net profit has spurted to Rs. 4.70 ...

1:1 bonus from Northgate Technologies
HYDERABAD: Northgate Technologies on Wednesday announced bonus shares of 1:1 and planned to raise funds up to Rs. 450 crore through global depository receipts (GDR)/foreign currency convertible bonds (FCCBs). The company would invest 60-70 ...

Toyota sets up training institute
BANGALORE: Toyota Technical Training Institute (TTTI), the first outside Japan set up by the Japanese automobile manufacturer, Toyota Motor Corporation, was inaugurated near Bangalore on Wednesday by Y. Enoki, Japanese Ambassador to India. The ...




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