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Friday, April 11, 2008
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Paradigm shift in new mineral policy
Regulator for aviation sector by October
NEW DELHI: The Union Government on Thursday said it would appoint an independent regulator for the aviation sector by October.
Carbon credit futures kicks off
NEW DELHI: Futures trading in carbon credits kick started on a positive note on Thursday on the National Commodity and Derivative Exchange (NCDEX). The December contract was trading up by 1.21 per cent at Rs. 1,007 per Certified Emission ...
Russia’s MBRD in talks with ICICI Bank
MOSCOW: In a move that, if successful, could provide ICICI Bank a faster penetration into the Russian market, Moscow Bank of Reconstruction and Development on Thursday said it was in talks with the bank for a tie-up to sell products like ...
Tata Tele to hive off tower business
MUMBAI: Tata Teleservices Maharashtra (TTML) on Thursday said it would hive off its tower business into a wholly-owned subsidiary.
Yuan breaches 7 mark against $
BEIJING: China’s currency, the yuan, was set to trade at 6.992 yuan against the U.S. dollar on Thursday, breaching the 7-yuan mark for the first time since the Government un-pegged it from the dollar in ...
Financial Tech acquires South African firm
MUMBAI: Financial Technologies India has acquired 90 per cent stake in ICX Platform (Pty) Ltd., a technology company situated at Johannesburg, South Africa, having IPR and corporate ownership of electronic warehouse receipts technology, at a ...
Americorp, KGISL group promote IT Park
CHENNAI: India Land Ventures, part of the Americorp Group of Spain, and the Coimbatore-based KGISL group, are promoting a new world-class IT Park, India Land KGISL Tech Park, at the IT SEZ at Saravanampatti in Coimbatore district, Tamil Nadu. ...
Emcon Tech’s auto component unit on stream
CHENNAI: Emcon Technologies, a 74:26 joint venture between Emcon Technologies of the U.S. and Anand Automotive Systems, inaugurated a new plant in Chennai on April 7 to produce exhaust sytems. Both the partners have invested $4 million in this ...
Nokia’s handset output reaches 125 m
CHENNAI: The production volume of the Sriperumbudur unit of Nokia has reached 125 million units in two years, says a company release. The company has committed to invest $75 million in one year towards additional ramp up at the plant. — ...
SBI to felicitate HSC rank holders
CHENNAI: State Bank of India will felicitate one lakh top-ranking students across 10,000 rural higher secondary schools under SBI Talent Awards scheme. The bank has appropriated Rs. 10 crore for the scheme. The scheme was launched in Mumbai on ...
Quatrro acquires RSM McGladrey FPO
CHENNAI: Quatrro BPO Solutions announced the acquisition of the Chicago-based RSM McGladrey financial process outsourcing (FPO), a leader in accounting service solutions for small and medium enterprises (SMEs), with financial participation ...
Birla VXL is now Digjam Limited
MUMBAI: Birla VXL has informed the National Stock Exchange that the name of the company has been changed from Birla VXL Limited to Digjam Limited. ...
Videocon Appliances changes name
MUMBAI: Videocon Appliances on Thursday said it had changed its name to Value Industries Ltd. with effect from April 3.
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