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Saturday, December 15, 2007
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ADB to extend $500 m loans
To promote PPPs in infrastructure

Peerless chalks out roadmap for new businesses
To make foray into mutual funds, life insurance

BUSINESS
Gas availability to go up by 40 p.c.
International agency appointed to market NELP blocks, says Murli Deora

Gulf Finance to invest $10 b in Maharashtra
To set up Economic Development Zone

BUSINESS
Gautier, Ebony form venture
NEW DELHI: French home furnishing retailer Gautier on Friday announced that it has tied up with domestic firm Ebony to form a joint venture to set up exclusive home decor stores with an initial investment of Rs. 120 crore over the next two ...

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Barometer


Briefly
Inflation rate rises to 3.75 p.c.
NEW DELHI: Wholesale prices-based inflation rate unexpectedly rose to 3.75 per cent for the week ended December 1, 2007, from 3.01 per cent in the previous week after jet fuel, some food products and manufactured items turned dearer. ...

CIL increases coal price
KOLKATA: For the first time in three-and-a-half years, Coal India Ltd. (CIL) has increased coal prices across-the-board by 10 per cent for its subsidiaries and 15 per cent for coal produced at North Eastern Coalfields with effect from midnight ...

IFCI gets three financial bids
NEW DELHI: Three suitors on Friday submitted financial and technical bids for picking a 26 per cent stake in IFCI. The bidders include consortia of Shinsei Bank, Punjab National Bank and JC Flowers & Co; Sterlite Industries and Morgan ...

140 p.c. final dividend from MRF
MUMBAI: MRF has informed the Bombay Stock Exchange that the board of directors of the company, at its meeting held on December 14, has recommended a final dividend of 140 per cent on the paid-up capital for the year ended September 30, 2007. ...

BGR Energy IPO subscribed over 120 times
CHENNAI: The IPO of BGR Energy Systems Limited has received an excellent response from investors and it was subscribed 120 times The company entered the capital markets on December 5 with a public issue of 91.36 lakh equity shares of Rs. 10 ...

Porwal Auto Components taps market
NEW DELHI: Porwal Auto Components Ltd., engaged in manufacturing and selling of SG and CI castings for the automobile sector, is entering the capital markets on December 17 with a public issue of 50 lakh equity shares of Rs. 10 each through ...

Intel launches new range of processors
CHANDIGARH: Intel Technology on Friday launched a new range of processors for desktop and laptop computers using the 45 nm (nano metre) technology here, besides announcing the launch of a campaign for scaling its operations in smaller cities. ...

AMI Industries sets up R&D centre
HYDERABAD: AMI Industries (India) Pvt. Ltd. a Mumbai-based IT company, has set up its R&D centre for radio frequency identification technology in Hyderabad and plans to invest $5 million in it. Disclosing this at a press conference here on ...

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