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Wednesday, February 27, 2008
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Railways plans Rs. 2.5 lakh crore investment in 5 years
Money to be spent on building world-class stations and setting up of rolling stock production units
Industry hails Railway budget as ‘pragmatic’
NEW DELHI: With the proposals virtually going beyond its expectations, Indian industry lapped up the Railway Budget 2008-09 presented by Railway Minister Lalu Prasad Yadav on Tuesday, as “pragmatic, progressive and futuristic” ...
TVS to launch modified Flame bike
Company switches to new technology with single spark plug
FIs, Nadar Forum smoke peace-pipe
Nadar community to have majority directors on the board
Bharti Airtel to lay new undersea cable
NEW DELHI: Bharti Airtel on Tuesday said it would set up a new undersea cable linking the U.S. with Asia. To be laid in partnership with five global telecom firms, the $300 million undersea cable, Unity, would address the broadband ...
Sensex gains 156 points
MUMBAI: The Bombay Stock Exchange benchmark Sensex gained on Tuesday by 156 points on brisk buying in construction-related stocks of cement and steel following a reduction in freight rates as announced in the Railway Budget. The ...
Reliance Energy mulls buyback
MUMBAI: Anil Ambani group company Reliance Energy on Tuesday said in a move aimed at arresting slide in its scrips and reassure investors about the growth potential, its board would consider buyback of shares at a meeting on March 5. ...
Tata to seal Jaguar deal by next week
CHICAGO: Tata Motors will announce its purchase of luxury British brands Jaguar and Land Rover from struggling U.S. automaker Ford Motor Company on March 5 or 6, industry press has reported. ...
ADB may exit Petronet LNG
NEW DELHI: Asian Development Bank is likely to exit Petronet LNG by selling its 5.2 per cent holding in the country’s biggest liquefied natural gas importer possibly to promoters or billionaire Lakshmi Mittal. ...
PGCIL to replace Bajaj Auto in Nifty
MUMBAI: Power Grid Corporation of India will replace Bajaj Auto in the Nifty Index with effect from March 14. PGCIL would also replace Bajaj Auto in the broader CNX 100 and S&P 500 indices. — ...
DSPML to expand Indian operations
NEW DELHI: DSP Merrill Lynch is all set to expand its operations in India with special focus on the bond market and has appointed Kevan Watts as President for the same. Mr. Watts would continue to hold the position of Vice Chairman of Merrill ...
Infy joins hands with ACDI/VOCA
NEW DELHI: Infosys Technologies has entered into a partnership with ACDI/VOCA, a non-profit organisation, for providing an application to improve efficiency of the country’s agro supply chain. The application minimises inventory ...
PNC Infratech plans expansion
CHENNAI: PNC Infratech is planning expansion of its operation by bidding for BOT projects. It is exploring business opportunities by diversifying into power sector, railway doubling and laying transmission and distribution network. The ...
Orix, IL&FS invest in Maithan Ispat
CHENNAI: Maithan Ispat has raised an equity investment ofg Rs. 73 crore from a consortium of Orix Corporation and a unit of Infrastructure Leasing and Financial Services. The company will use the funds to complete an integrated steel plantin ...
Tata company expands VPN service to China
SINGAPORE: Tata Communications announced on Tuesday the expansion of its global VPN (virtual private network) service to China through an NNI (network-to-network interface) agreement with China Enterprise Netcom Corporation Ltd. (China ...
Allcargo Global forms JV with CONCOR
CHENNAI: Allcargo Global Logistics and Container Corporation of India (CONCOR) have formed a joint venture company (yet to be named) for establishment of a container freight station at Dadri, Greater Noida in Uttar Pradesh. This facility, ...
Amitysoft’s software testing certification
CHENNAI: Competency Centre-Software Quality (CCSQ), an arm of Amitysoft, has announced the launch of India-based international software testing certification, International Certified Software Tester (ICST), targeted at the beginner level, says ...
BHEL bags Rs. 1,075 crore order
NEW DELHI: Bharat Heavy Electricals Ltd. has bagged a Rs. 1,075 crore order for setting up a 350-MW power plant in Gujarat. Gujarat State Energy Generation has placed the engineering, procurement and construction order for the gas ...
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