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Friday, April 18, 2008
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Power Grid to seek loans from ADB, World Bank
GMR buys stake in South African co.
MUMBAI: GMR Energy, which is part of the GMR Group, on Thursday acquired five per cent stake in South Africa-based Homeland Mining and Energy SA (Pty) Ltd. for about $15 million (about Rs. 60 crore). ...
EPFO invites bids from fund managers
NEW DELHI: The Employees’ Provident Fund Organisation (EPFO) on Thursday invited bids from fund managers and portfolio managers for the efficient management of its corpus of over Rs. 1.55 lakh crore. The fund managers eligible to ...
India questions U.S. legislation
NEW DELHI: About 30 countries from the Asia-Pacific region, including India, have voiced their concern over an U.S. law requiring all containers destined for the United States to be scanned, saying the present customs provisions are sufficient ...
REL to buy back Rel. Power shares
NEW DELHI: Anil Ambani-owned Reliance Energy on Thursday announced that the shareholders of the company had approved the buyback of Rs. 2,000 crore worth of Reliance Power shares, waiving off its entitlement to Reliance Power’s bonus ...
Online portal for Visa commercial cardholders
CHENNAI: Visa, ICICI Bank and Elcom Systems have launched an online portal that connects sellers and buyers of commercial goods and services. Visa eMarketplace makes it possible for businesses in India to conduct the entire procurement and ...
Service Desk launches India operations
NEW DELHI: Service Desk Institute (SDI), which provides information and research about technologies, tools and trends in the information technology industry, has launched its operations in India in association with Prometric, a provider of ...
Religare Finvest ties up with Kumar Motors
CHENNAI: Religare Finvest Limited (RFL), a subsidiary of Religare Enterprises Limited (REL), has signalled its foray into commercial vehicle financing by entering into a strategic tie-up with Pune-based three-wheeler maker Kumar Motors. The ...
NIS Sparta joins hands with U.S. firm
CHENNAI: NIS Sparta, Asia’s leading training, education and learning solutions provider (a Reliance ADA Group company), and Inscape Partners International of the U.S, have signed a business partner contract to offer Inscape’s ...
Cathay to launch Chennai–Hong Kong flights
CHENNAI: Cathay Pacific Airways will launch four times a week service from Chennai to Hong Kong with effect from June 3. Its sister airline Dragonair will introduce a new daily service to Bengaluru in late May, according to a release. — ...
Canon’s exclusive outlet in Pune
CHENNAI: Canon India has announced the official launch of Canon ‘X’perience Zone in Pune. The new store will display Canon’s range of offerings in the consumer space under one roof. This is the second store launch in 2008 and ...
Chola MS Help launched
CHENNAI: Cholamandalam MS General Insurance Company Ltd. (Chola MS), a joint venture of the Murugappa Group and Mitsui Sumitomo Insurance Group, has launched ‘Chola MS Help,’ an in-house health insurance claims settlement division ...
Nestle India recommends interim
CHENNAI: Nestle India, at its board meeting held on April 17, has declared an interim dividend of Rs. 8.50 per share for the year ...
Wheels India declares second interim
CHENNAI: Wheels India has declared a second interim dividend of 40 per cent on the paid up capital of the company for the year 2007-08. Earlier in February, the company had declared a first interim dividend of 30 per cent. — Corporate ...
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