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Tuesday, March 04, 2008
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EU-India Free Trade Agreement hits roadblock
Consensus arrived at for holding a Ministerial meeting in April

Exports up 22 p.c. at $124 b
NEW DELHI: India’s exports registered an impressive 20 per cent growth in January this year to touch $13.14 billion compared to $10.9 billion recorded in January, 2007. In rupee terms, exports touched Rs. 51,739.82 crore, which is ...

Reliance Capital launches microfinance initivative
MUMBAI: Anil Ambani group’s financial services arm Reliance Capital on Monday launched its microfinance initiative here with tie-ups for two States, which, it said, would be followed by a national rollout soon. Reliance Capital is ...

Arcelor-Mittal to diversify
HYDERABAD: Aditya Mittal, Chief Financial Officer of the world’s largest steel company, Arcelor-Mittal, has indicated that his company is diversifying into the oil and gas space. The Arcelor-Mittal group is working closely with the ...

Barometer


Briefly
SEBI bans 39 entities from trading
MUMBAI: The Securities and Exchange Board of India on Monday barred 39 entities, including Blue Information Technology and Sun Infoways Ltd, from trading in the market for two years with immediate effect for their financial and trading ...

Eicher reduces CV prices
NEW DELHI: Commercial vehicle manufacturer Eicher Motors on Monday slashed the prices of its products by up to Rs. 19,000, following reduction of excise duty announced in the budget. ...

Power Grid chief quits
NEW DELHI: Months ahead of his retirement from service, Power Grid Corporation of India (PGCIL) Chairman and Managing Director R. P. Singh on Monday announced his decision to resign from the largest power transmission utility. Mr. Singh, due ...

Peepul Capital invests in Universal Power
CHENNAI: Peepul Capital, a Mauritius-based private equity firm, has invested $15 million in Universal Power Transformers (UPT), Bangalore, a manufacturer of power equipment. UPT will be utilising the funds for expanding its existing ...

Sita Shree Food to tap market
CHENNAI: Sita Shree Food Products Ltd., a wheat and pulses processor and supplier of products to major players in retail industry is entering the capital market on March 11 with a public issue aggregating Rs. 31.50 crore. The price band has ...

Nicholas Piramal to change name
CHENNAI: The board of directors of Nicholas Piramal India, at its meeting held on March 3, has approved the proposal for change of name of the company from Nicholas Piramal India Ltd. to Piramal Healthcare Ltd., subject to approvals. — ...

Bajaj Allianz’ s policies crosses 3 m
MUMBAI: Bajaj Allianz Life Insurance company crossed another major milestone this financial year and issued over 30 lakh individual policies YTD. Bajaj Allianz Life Insurance is the only private sector life insurance co. to cross this ...

Rural Electrification Corp. gers new CMD
NEW DELHI: P. Uma Shankar has taken over charge as Chairman and Managing Director of Rural Electrification Corporation (REC) with effect from March 1. Prior to joining REC, he was Managing Director of National Cooperatives Development ...

Panel report on interest rate futures
MUMBAI: An RBI expert group has suggested that banks be given a greater role in the interest rates futures because restricting them to hedging will impair liquidity in the market. The working group on Interest Rate Futures has suggested that ...

Jain Irrigation buys Swiss company
MUMBAI: Agri services provider Jain Irrigation on Monday that it had acquired controlling stake (69.75 per cent) in the Switzerland-based Thomas Machines SA for an undisclosed amount. ...

Aviva to cut India operations
LONDON: British insurance major Aviva, which is one of the major firms outsourcing work to India, is considering selling two of its four companies in the South Asian country. ...

EU, U.S. to take China to WTO
BEIJING: The EU and U.S. plan to launch formal proceedings at the World Trade Organization over an attempt by China to put the financial information businesses of international news providers under the control of state-run Xinhua news agency, ...

Change in BSE, NSE trading timings
MUMBAI: Trading timings of the Bombay Stock Exchange and the National Stock Exchange will be revised from Tuesday till March 18, as the sun’s position may disrupt connectivity, causing difficulties in receiving data via satellites. ...




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