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Infrastructure sector growth slumps in January
Low demand and high interest rates hit performance

Short-selling from April 21
Borrowing scheme for participants

Sensex gains 161 points
MUMBAI: The markets looked upbeat on Wednesday with the benchmark Sensex gaining by over 160 points at close after the U.S. Federal Reserve announced a 75 basis point cut in interest rates which buoyed the investor sentiment across the globe. ...

CALS to set up refinery projects in West Bengal
Proposes to invest Rs. 20,000 crore in three phases

Climate not conducive for cut in interest rates: Rangarajan
NEW DELHI: Prime Minister’s Economic Advisory Council (EAC) Chairman C. Rangarajan on Tuesday noted that with the rate of inflation inching slightly beyond the ‘comfort’ zone, the prevailing situation was not favourable for a ...

Aptech to float JV with Chinese partner
NEW DELHI: Information technology learning solutions firm Aptech has decided to float a joint venture company with its Chinese partner, in which the former will hold 22 per cent stake. Stating that the move would benefit its ...

Ennore iron ore terminal project achieves financial closure


Other Stories



Barometer


Briefly
Govt. plans duty cuts on palm oil import
NEW DELHI: A day after imposing a ban on export of edible oils, the Government on Wednesday said it was considering duty cuts on imports of palm oil. ...

$600 m World Bank loan for PGCIL
NEW DELHI: The World Bank on Wednesday approved a $600-million loan to the Power Grid Corporation of India (PGCIL) to strengthen the country’s electricity transmission ...

Court refuses relief to Swiss pharma co.
NEW DELHI: The Delhi High Court on Wednesday refused to grant relief to Swiss pharma company Hoffmann La Roche, which sought restraining Cipla from manufacturing and selling anti-cancer drug ‘Tarceva’ in violation of its patent ...

Moody’s raises Tata Steel rating outlook
NEW DELHI: Global rating agency Moody’s Investors Service on Wednesday raised the outlook on the speculative grade rating of Tata Steel to ‘stable’ from ‘negative,’ after it repaid $3.1 billion of bridge loans, ...

Visa raises $17.9 b in record IPO
NEW YORK: Visa on Tuesday burned its name into the record books for U.S. initial public offerings, raising $17.9 billion as investors seized on its growth potential and lack of direct exposure to the global credit crisis. ...

Central Bank cuts rates on retail loans
CHENNAI: Central Bank of India has revised the interest rate downwards on various retail loans. In respect of housing loans, the interest rate has been reduced by 25 basis points on the floating rate to 9.25 per cent and by 50 basis points on ...

Shell India plans more retail outlets
CHENNAI: Shell India is planning to put up 40 to 50 fuel stations in Chennai. The company, which has invested more than $1 billion in India so far, has 50 fuel stations with 13 of them in Chennai. According to Surinderdeep Singh, General ...

Tata BP Solar to raise $78 m
NEW DELHI: Tata BP Solar has signed an agreement with Calyon Bank and BNP Paribas to raise $78 million to fund its 128 MW solar cell expansion project, which is in the advanced stages of implementation leading to creation of 180 MW solar cell ...

Sabol acquires bottling unit in Hubli
COIMBATORE: Sabol Associates has expanded to the Hubli market in Karnataka with its packaged drinking water products. K. M. Senthil, Chairman and Managing Director, said the company acquired a water bottling plant in Hubli for Rs. 2.50 crore ...

Coal India devises ‘forward e-auction’
KOLKATA: Coal India Ltd has devised a ‘forward e-auction’ scheme primarily aimed at the actual user segment for redressing their long term coal requirement. The new scheme envisages allocation of coal at a price to be determined ...

RCom reduces internet data card prices
CHENNAI: Reliance Communications (RCom) has reduced the prices of Internet data cards by 13 per cent to pass on the full benefit of the recent reduction in custom duty in the Union Budget 2008, according to a release. It has announced a ...

Rosemor targets Indian malls
CHENNAI: Rosemor International of the U.K., specialised in the manufacture and supply of precision-engineered escalator cleaning equipment has made its products available in India. Rosemor’s machines are being used in airports, railway ...




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