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Saturday, March 29, 2008
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‘RBI to take steps to contain inflation’
Finance Minister inaugurates Large Tax Payer Unit in Mumbai
World Bank, ADB loan for Power Grid
The PSU signs a MoU with the Power Ministry; aims at Rs. 5,400 crore turnover in 2008-09
Saudi operator sets up centre
BANGALORE: It is not just Indian telecom service providers who bank on local technology and talent to fuel their competitive edge. The fastest growing GSM operator in the Middle East — Saudi Arabia-based Etihad Etisalat, whose ...
Illycaffe makes India foray
NEW DELHI: International Italian premium coffee brand Illycaffe on Friday announced its decision to set up an Indian retail chain of its luxury cafes throughout the country by partnering the Narang group as master franchisee. The ...
HMIL exports cross half-a-million mark
CHENNAI: The cumulative export of car maker Hyundai Motor India has crossed the half-a-million mark with the loading of its latest product — the i10 — at the Chennai Port on Thursday. The company achieved this distinction in ...
RBI Annual Policy on April 29
MUMBAI: Reserve Bank of India Governor Y. V. Reddy will present the Annual Policy Statement for 2008-09 on April 29.
Forex reserves drop by $1.8 b
MUMBAI: India’s foreign exchange reserves fell by $1.831 billion to $304.657 billion on March 21, the Reserve Bank of India said in its weekly statistical supplement on ...
TELCON acquires stake in Spainsh firm
MUMBAI: Tata group company Telco Construction Equipment Company (TELCON) on Friday signed a deal to acquire a 79 per cent controlling stake in Spain-based Serviplem. ...
BPCL joint venture files DRHP
MUMBAI: Bharat Petroleum Corporation Ltd. on Friday filed papers for an initial public offering of a joint venture company that is setting up a Rs. 10,400-crore refinery at Bina in Madhya Pradesh. Bharat Oman Refineries Ltd, BPCL’s joint ...
NCDEX to launch gold coin futures
NEW DELHI: The National Commodity and Derivatives Exchanges will launch gold coin futures in mid-April. Chief Executive P. H. Ravikumar said the commodity market regulator had given permission to launch 8 gram gold coins contract. ...
Muthuraman to chair IIT Kharagpur
NEW DELHI: B. Muthuraman, Managing Director of Tata Steel, has been nominated as the Chairman of the Board of Governors of the Indian Institute of Technology-Kharagpur by the Government for three years. ...
Central Bank ties up with Sundaram BNP
CHENNAI: Central Bank of India has tied up with Sundaram BNP Paribas Mutual Fund for distribution of mutual fund products. H. A. Daruwalla, CMD of Central Bank and T. P. Raman, Managing Director of Sundaram BNP signed the MoU in Mumbai on ...
ICI India to divest adhesives business
CHENNAI: The board of directors of ICI India has approved the sale of company’s adhesives business as a going concern to an Indian affiliate of the Henkel Group of Germany, subject to approvals, the total consideration being Rs. 260 ...
Bata India recommends 20 per cent
MUMBAI: Bata India has recommended a dividend of 15 per cent on equity shares and an additional dividend of five per cent to celebrate 75 years, aggregating 20 per cent for the year ended December 31, 2007. — Corporate Reporter ...
RCom, Corporation Bank join hands
MANGALORE: Reliance Communications (RCom) and Corporation Bank have joined hands to provide seamless mobile banking service to their customers across the nation. It is the first time and the first telecom operator in India to offer such a ...
Ashok Leyland raises $200 million
CHENNAI: Ashok Leyland has raised $200 million through an external commercial borrowing for meeting part of its expansion plans and overseas investments. The company is expanding the vehicle capacity to one lakh units from 84,000 units last ...
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