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Thursday, February 28, 2008
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Budget proposals likely to drive consumer demand
Income-tax exemption limit may be enhanced, says survey
Cordia LT launches IP telephony service
NEW DELHI: Cordia LT Communications Pvt. Ltd., a joint venture between LT Infotech and global communications provider Cordia International Corporation, on Wednesday launched “Dream Phone”, an Internet protocol (IP) telephony-based ...
DoT issues licences to new entrants
NEW DELHI: With the Union Communication and Information Technology Minister A. Raja clearing the file for granting entry to new telecom players, the Department of Telecommunications (DoT) has started issuing licences to new entrants. This will ...
Gold and silver at new highs
LONDON: Gold, an all-season investment option, surged to record levels of $962.67 an ounce and silver to 27-year high of $19.36 an ounce in the global bullion markets on Wednesday, as crude oil prices rose to an all-time high and the U.S. ...
CavinKare acquires MAA Fruits
Enterprise value assessed at Rs. 30 crore including debts
Sun Micro completes MySQL takeover
Users can access dev.mysql.com/downloads
Amway India sales up 9 p.c.
CHENNAI: Amway India Enterprises, a leading FMCG company in the direct sales channel has reported a turnover of Rs. 800 crore in 2007 against Rs. 738 crore in the previous year, a growth of 9 per cent. Products under nutrition and wellness ...
Early gains not held on BSE
MUMBAI: The Bombay Stock Exchange sensitive index lost momentum after an initial rally and ended flat on Wednesday as a weak opening in the European market triggered heavy profit selling by investors after the mid-session. Investors ...
Fed chief signals rate cut
WASHINGTON: Federal Reserve Chairman Ben Bernanke, warning Congress of a period of sluggish business growth, sent a fresh signal on Wednesday that the central bank would again lower interest rates to steady the teetering U.S. economy. ...
Oil spikes above $102
NEW YORK: Crude prices spiked above $102 a barrel for the first time on Wednesday ahead of a closely watched oil inventory report and as the dollar’s continued slide drove more money into energy futures. ...
SEBI directive to mutual funds
MUMBAI: The Securities and Exchange Board of India (SEBI) has asked mutual fund companies to increase by three seconds the duration of standard warning on investment risks, beamed in television and radio. ...
Quantum Gold Fund to list on NSE today
MUMBAI: Quantum Gold Fund will list on the NSE on February 28. It will be the only listed gold exchange traded fund in the country to have around half of a gram of gold as underlying for every unit, a press release said. ...
Shasun signs licensing pact with Merck
CHENNAI: Shasun Chemicals has entered into a non-exclusive licensing agreement with Merck & Co of the U.S. Under the agreement, Shasun grants Merck the use of its proprietary cross-coupling copper technology to manufacture and ...
Manjushree Extrusions to list on BSE
CHENNAI: Manjushree Extrusions has obtained the approval of the Bombay Stock Exchange for listing and trading of its equity shares, effective from Thursday, consequent to the closure of its recent issue and a follow-on public offer.— ...
Cummins names Infosys as preferred vendor
CHENNAI: Infosys Technologies on Wednesday announced that Cummins Inc., which designs, manufactures and sells diesel engines and related technologies, has named Infosys as one of the three global preferred vendors (GPVs) for IT application ...
Alfa Laval recommends 150 p.c. final
CHENNAI: Alfa Laval India has recommended a final dividend of 150 per cent on equity shares for the year ended December 31, 2007. Inclusive of interim dividend of 100 per cent paid in November, 2007, the total dividend for 2007 will be 250 per ...
Firefox Bikes opens outlet in Chennai
CHENNAI: Firefox Bikes, engaged in marketing Firefox and Trek brand of bikes, has opened its hi-tech bike station in Chennai. Addressing presspersons here on Wednesday, Shiv Inder Singh, Managing Director, said the company was setting trends ...
BGR bags Andhra Pradesh co. contract
CHENNAI: BGR Energy Systems has secured a turnkey contract from Andhra Pradesh Power Generation Ltd. for the execution of balance of plant (BOP) for the 1 x 500 MW, Stage VI – Unit XI Kothagudem thermal power station, valued at Rs. 793 ...
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