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Saturday, January 05, 2008
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Bankers hint at interest rate cut
To spur investment and consumption

Reliance Power listing likely in early February
Plans separate arm to manufacture energy equipment

AMD opens second R&D centre in Hyderabad
Fusion range processors will be rolled out by 2009-end

Finance Minister to start pre-budget consultations from January 7
Top priority to consultations with the farm sector

Long-term coal linkages firmed up
NEW DELHI: In an effort to ensure long-term linkages, the Coal Ministry has decided to allot as much as 92.38 million tonnes of coal to 236 sponge iron plants, 73 cement making units and 224 captive power facilities. The Minister of ...

ALL lines up slew of products
To showcase two vehicles at the expo

Sarda group looking for jute hub in A.P.
To set up chain of training institutes

Sensex zooms 342 points
MUMBAI: The Bombay Stock Exchange turned bullish on Friday with its benchmark Sensex surging 342 points to a new peak on robust buying in heavyweights such as Reliance Industries, ONGC and ICICI Bank. The BSE 30-share barometer index ...

Rupee firms up against dollar
MUMBAI: The rupee on Friday closed stronger by five paise at 39.34/35 against the greenback on sustained exporter dollar sales and buoyant equity markets amid strong expectations of capital inflows in the new year. Weak dollar overseas ...

Other Stories



Barometer


Briefly
Inflation rate rises
NEW DELHI: Higher prices of some manufactured and fuel items pushed the inflation rate (based on the Wholesale Price Index) up to 3.5 per cent for the week ended December 22 from 3.45 per cent in the previous week. ...

Sun TV moves TDSAT
NEW DELHI: Broadcaster Sun TV on Friday approached the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) against the Telecom Regulatory Authority of India’s directive to provide feed to multi-system operators on a pick and ...

PSEs asked to invest in govt.-owned MFs
NEW DELHI: The Department of Public Enterprises (DPE) has asked the Central public sector enterprises (CPSEs) to invest their surplus money only in mutual funds where the collective holdings of government and its institutions exceed 50 per ...

RIL, HPCL to run sugar mills in Bihar
PATNA: Reliance, HPCL, besides Rollcon and a State-based industry were awarded financial contracts for reviving six of the 13 State-run sugar mills in Bihar. ...

M&M pulls out of tripartite JV
CHENNAI: Mahindra & Mahindra is understood to have pulled out of the tripartite joint venture with Renault and Nissan , PTI reports, quoting sources. ...

ONGC feat
NEW DELHI: The Oil and Natural Gas Corporation Limited (ONGC) has registered its third ‘clean development mechanism’ project — the “flare gas recovery” project at Uran Plant near Mumbai , making it the first ...

BHEL bags Azerbaijan contract
NEW DELHI: Bharat Heavy Electricals Ltd (BHEL) has received an order from Azerbaijan for supply of transformers. The World Bank-funded contract envisages manufacture, supply and supervision of erection and commissioning of 330 kV class 240 MVA ...

Aptech’s Mongolia centre gets citation
CHENNAI: Aptech Computer Education’s flagship programme ACCP (Aptech Certified Computer Professional) has been selected as the best ICT training programme in the Best ICT Choice of Mongolia 2007 competition. Aptech’s Mongolia ...

IRB Infra to tap market
CHENNAI: IRB Infrastructure Developers has received SEBI observations for its public issue of 51.06 million equity shares of Rs. 10 each through 100 per cent book building process. According to a release, IRB Infrastructure Developers has been ...

Indo Asian’s Uttrakhand unit on stream
CHENNAI: Indo Asian Fusegear has commissioned its switchgear plant in Uttrakhand. This full scale manufacturing unit has been set up at a cost of Rs. 40 crore. This will enable Indo Asian to nearly double its switchgear production ...

Siemens to acquire Morgan Construction
CHENNAI: The Siemens Division Industry Solutions has acquired Morgan Construction Company, Worcester, U.S., a designer and producer of high-quality rolling-mill products and services for the metals industry worldwide. The transaction is ...

Three new fund options from Aviva
CHENNAI: Aviva Life Insurance on Thursday introduced three new fund options — Index Fund, Enhancer Fund and Bond Fund. The Index Fund aims to create long-term wealth by investing in Nifty 50 companies, the Bond Fund will generate a ...

Everonn acquires e-learning division of Aban
CHENNAI: Everonn Systems India has acquired the e-learning division of Aban Informatics (P) Ltd, a transnational group based in Chennai. According to a release, the acquisition will enable Everonn to become a complete e-learning solution ...

Udyograttan award for TAC MD
CHENNAI: The Institute Of Economic Studies, a premier research-oriented and awareness promoting organisation based in New Delhi, has conferred the ‘Udyograttan Award’ on S. Chandramohan, Managing Director of Tuticorin Alkali ...




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