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MFs allowed to sell govt. securities
Can participate in When-Issued market

Stanchart pumps in $250 m
Celebrates 150th anniversary; income from India operations touches $1.3 b

SBI, Macquarie to sponsor $2 b India Infrastructure Fund
MUMBAI: State Bank of India and Macquarie Capital Group on Wednesday said they planned to set up a $2-billion fund that would invest in direct infrastructure investment opportunities in the country. The International Finance ...

Bharti launches ‘EasyDay’
NEW DELHI: Bharti Retail Limited, a wholly-owned subsidiary of Bharti Enterprises, on Wednesday launched its much-awaited retail operations from Ludhiana in Punjab. The neighbourhood format shop, known as ‘EasyDay’, is a ...

GM’s Talegaon unit to start production by September
The plant will have a capacity of 1.40 lakh units initially

Timken Company opens new facility in Chennai

Other Stories


Oil hits new high at $114
LONDON: Crude oil on Wednesday struck a new record high above $114 a barrel, buoyed by the weak U.S. dollar, inflows of speculative money and long-term constraints on supply. ...

Oil imports up 38 p.c. in 11 months
NEW DELHI: The crude oil import bill has jumped by over 38 per cent to $61.16 billion in the first 11 months of 2007-08 on the back of a surge in global oil prices. India imported 111.089 million tonnes of crude oil during the period, ...

3i raises $1.2 b in India Infra Fund
NEW DELHI: 3i Group Plc, a London-based global private equity firm, on Wednesday raised $1.2 billion for the India Infrastructure Fund that would enable it to finance projects in power, ports and other core sectors with a total value of up to ...

Apex court admits SEBI’s plea
NEW DELHI: The Supreme Court on Wednesday admitted a petition by SEBI, challenging Securities Appellate Tribunal’s ruling that quashed its order imposing a penalty of Rs. 15 crore on Alliance Capital Asset Management (India) Pvt. Ltd. ...

ICICI Bank doubles minimum balance
NEW DELHI: ICICI Bank on Wednesday said it had doubled the minimum quarterly balance to be maintained in its savings accounts to Rs. 10,000, as the infrastructure costs had increased. The new minimum balance requirement, to be effective from ...

GACL, Dow Europe to set up joint venture
CHENNAI: Gujarat Alkalies and Chemicals Ltd. (GACL) has signed an agreement with Dow Europe GmbH, a wholly-owned subsidiary of Dow Chemical Company, to set up a 50:50 joint venture for manufacturing two lakh tonnes annually of chlorinated ...

CSS expands ties with Frost & Sullivan
CHENNAI: Cybernet-SlashSupport (CSS) has announced that Frost & Sullivan, a consulting company, has expanded its outsourcing engagement with CSS. As part of the engagement, CSS will help F&S develop a 360 degree project feedback module ...

Dhanus Technologies acquires Sreeven
HYDERABAD: The Chennai-based Dhanus Technologies has picked up 60 per cent stake in Sreeven Infocom Pvt. Ltd., a Hyderabad-based IT and ITeS service provider for Rs. 7.50 crore in an all-cash deal. Addressing a press conference here on ...

Boeing partners Computational Research Lab
MUMBAI: The Boeing Company is partnering Computational Research Laboratory (CRL), a subsidiary of the Tata Group, to test and validate one of the world’s fastest supercomputers, the Indian made Eka System. As part of the collaboration, ...

Vishal Retail to open more stores
NEW DELHI: Delhi-based Vishal Retail will invest Rs. 3,000 crore by 2011 and open 500 more stores during the next three years to expand its presence across India. It is also mulling to set up a logistics company to strengthen its supply ...

Dabur OncQuest launches operation in Nepal
CHENNAI: Dabur OncQuest, engaged in oncology medical testing, has announced its foray into Nepal. Kathmandu was zeroed in as the best location for collection centre. The patients in Nepal will now have access to all the technically advanced ...

Bharti Telesoft ties up with Arab Fin Services
NEW DELHI: Bharti Telesoft, which provides value added services (VAS) and m-commerce services to mobile operators worldwide, and Riyada Consulting have tied up with Arab Financial Services (AFS) for jointly marketing their offerings in the ...

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