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Wednesday, March 19, 2008
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Centre to address textile units’ woes
To adopt three pronged approach to make the industry globally competitive
Markets end flat, all eyes on U.S. Fed move
MUMBAI: The Bombay Stock Exchange benchmark Sensex on Tuesday closed almost flat on small bouts of trading amid speculation that the U.S. Federal Reserve may announce yet another interest rate cut on Wednesday. Marketmen said investors ...
Promoters’ stake drops in Orchid Chemicals
PreMedia, GGS deal completed
CHENNAI: PreMedia Global Inc., a KPO (knowledge process outsourcing) firm focussed on content services for the publishing industry, has completed the acquisition of GGS Book Services, a division of GGS Information Services ...
Maruti previews ‘Swift Dzire’
The sedan will be launched on March 26
Homologation fee bothers BMW
MUNICH: The 200,000-euro fee that Indian authorities charge for homologating new car models for selling in India is bothering German luxury carmaker BMW, which wants to bring its small car model Mini in India by 2009. “2009 is ...
Joint venture for LPG marketing
MUMBAI: Confidence Petroleum India Limited, involved in the business of LPG cylinder manufacturing, bottling, marketing, blending, auto LPG cylinder manufacturing and dispensing for more than a decade and providing logistics support to public ...
SIB’s drive to augment business
To open more branches, ATMs
Export of edible oils banned
NEW DELHI: The Central Government has banned the export of all edible oils for one year, a move considered to boost the domestic supplies and contain the rising prices of vegetable oils. The restriction is effective from March ...
No charges on bonus of MF units
MUMBAI: The Securities and Exchange Board of India on Tuesday decided that Asset Management Companies (AMCs) should not charge entry as well as exit load on bonus units and of units allotted on reinvestment of ...
‘Insider trading’ in RPL shares’
NEW DELHI: The Securities and Exchange Board of India is investigating the alleged insider trading activities in the shares of Mukesh Ambani-run Reliance Petroleum, Rajya Sabha was informed on Tuesday. ...
L&T bags order from Chinese firm
MUMBAI: Larsen & Toubro has bagged a 28-million euro (about Rs. 170 crore) contract from a Chinese firm for supply of gasification equipment. The heavy engineering division of L&T would supply coal gasifier and syngas cooler assembly ...
TCS opens centre in U.S.
NEW DELHI: Tata Consultancy Services on Tuesday said it had set up a software development and delivery centre in North America with a capacity of 1,000 seats to cater to the customers there. ...
Jivox launches India operations
CHENNAI: The California-based Jivox, a self-service online video advertising platform for businesses, on Tuesday announced the commencement of its Indian operations, Jivox Software India Pvt. Ltd., through a sales and development office in ...
BHEL secures Rs. 2,030 crore order
NEW DELHI: Power equipment manufacturer Bharat Heavy Electricals Limited (BHEL) on Monday said it has secured order worth Rs. 2,030-crore for supply of main plant package for a power project in Bihar being set up by the National Thermal Power ...
Vivin Lab ties up with U.S. firm
HYDERABAD: Vivin Laboratories Pvt. Ltd. has inked a pact with Cascade Columbia Distribution of the U.S. for supply of speciality chemicals and veterinary drugs. The turnover of Vivin Laboratories is expected to increase from Rs. 40 crore to ...
Cummins expands Pune unit capacity
CHENNAI: The industrial engine business unit of Cummins India (CIL) announced the inauguration of its new integrated manufacturing facility at the Cummins India Kothrud Campus, Pune. CIL has invested $20 million on this facility and the ...
Australian interest in traditional products
CHENNAI: A workshop on opportunities in Australian market for India’s traditional products is organised by Indo-Australian Chamber of Commerce at Chennai on March 25. According to the Chamber release many Australian companies have ...
Award for TVS Motor’s Hosur, Mysore units
BANGALORE: TVS Motor Company has been awarded the Total Productive Maintenance (TPM) Excellence Award by the Japan Institute of Plant Maintenance (JIPM). It won the award for its implementation of TPM processes in plants at Hosur and Mysore, ...
Rane Madras declares Rs. 6 interim
CHENNAI: The board of directors of Rane Madras, at its meeting held on March 17, has declared an interim dividend of Rs. 6 per equity share of Rs. 10 for the year ended March 31, ...
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