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Saturday, October 13, 2007
Goldman Sachs offloads stake in IFCI
MUMBAI: Foreign fund Goldman Sachs Investments, Mauritius, has offloaded 2.33 per cent stake in IFCI in open market transactions on the Bombay Stock Exchange. Calculated on the basis of the average closing price of IFCI during the three ...
Industrial production up 10.7 p.c.
NEW DELHI: Continued buoyancy in manufacturing coupled with better performance of power and mining sectors pushed up the industrial production to 10.7 per cent in August from 10.3 per cent in the corresponding period last year. The cumulative ...
Inflation rate slips to 3.26 p.c.
NEW DELHI: Led by fall in prices of pulses and some food articles, the inflation rate has declined to a five-year low of 3.26 per cent for the week ended September 29, compared to 3.42 per cent in the previous week. ...
Forex reserves cross $250 b
MUMBAI: India’s foreign exchange reserves rose by $3.568 billion to a record $251.33 billion on October 5, the Reserve Bank of India said in its weekly statistical supplement on Friday. ...
Lupin gets 20 m euro on sale of patents
MUMBAI: Lupin on Friday said it had received 20 million euro (Rs. 111.63 crore) from French firm Laboratoires Servier as sale proceeds of additional patent rights for Perindopril, a hypertension drug. ...
Apollo’s hospital at Navi Mumbai
NEW DELHI: Apollo Hospitals Ltd. on Friday said it would invest Rs. 250 crore to set up a 400-bed hospital at Navi Mumbai in Maharashtra. The company has also entered into a 50:50 joint venture with the Yash Birla group to set up two new ...
IFC picks up stake in Angel Broking
MUMBAI: World Bank arm International Finance Corporation (IFC) will buy 12.5 per cent stake in Mumbai-based brokerage house Angel Broking for Rs. 150 crore. ...
Mastek to buy back shares
CHENNAI: Mastek has recommended to shareholders the repurchase of its shares up to Rs. 65 crore. According to a release, purchases will be made through open market transactions. The company has reported a net profit of Rs. 25.12 crore for the ...
Kavveri Telecom buys patents of Sigma Wireless
CHENNAI: Kavveri Telecom, a manufacturer of antennas and RF products has acquired technology, intellectual property rights and patents for base station antennas of erstwhile Sigma Wireless, Ireland and PCTEL, Chicago, U.S. According to a ...
mjunction to sell Reva cars on Internet
KOLKATA: mjunction services, a joint venture of Tata Steel and Steel Authority of India, on Friday launched its auto e-retailing venture. The BtoC platform was launched here by Chetan Kumar Maini, Deputy Chairman of Reva Car Electric Company, ...
SAIL signs MoU with IIM, Indore
NEW DELHI: The Ranchi-based Management Training Institute (MTI) of Steel Authority of India Limited (SAIL) signed a memorandum of understanding with the Indian Institute of Management (IIM), Indore. This MoU will enable both the institutes to ...
Workshop on outsourcing opportunities
CHENNAI: Indo-Australian Chamber of Commerce is organising a workshop on ‘Offshoring and outsourcing opportunities from Australia (software development, BPO, KPO and call centres)’ on October 19 in Chennai, says a release. — ...
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