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BUSINESS
‘Action will bolster Citigroup’s morale’
The bold move is the latest in a string of high-profile U.S. government bailout efforts

Market ends flat despite Citi’s bailout package
Profit taking pulls down Sensex

SBI enters general insurance
Forms venture with Insurance Australia Group of Australia

Reliance Money makes foray into e-commerce
NEW DELHI: Reliance Money, part of the Anil Dhirubhai Ambani Group, on Monday announced the launch of its e-commerce web portal www.RelianceMoneyMall.com , offering ...

Global crisis: FM identifies impact on various sectors


Textile sector suffers job losses, decline in production
Slowdown in domestic demand, drop in exports are cited as the reasons

Dunlop applies for State government loan
Asks workers to accept subsistence wages for sometime

Other Stories



Barometer


Briefly
ABB automation systems for Brazilian co.
BANGALORE: ABB has won a contract for an undisclosed amount to supply automation systems to a Brazilian seamless tube and pipe company, Vallourec and Sumitomo Tubos do Brasil. The plant will have an annual capacity of six lakh tonnes, when ...

Hyundai extends offer to Central PSUs
NEW DELHI: Hyundai Motor India on Monday extended its special discount scheme to Central public sector undertakings (PSUs) along with government employees. It is offering special discount ranging from Rs. 10,000 to Rs. 31,000 on its various ...

IndusInd Bank ties up with TVS Motor
MUMBAI: IndusInd Bank has entered into an agreement with TVS Motor Company to provide structured inventory funding to dealers. This business initiative will further strengthen IndusInd position in the vehicle finance space. According to H. S. ...

Walchandnagar Industries recommends 50 %
MUMBAI: Walchandnagar Industries has recommended a dividend of 50 per cent on equity shares of Rs. 2 each, that is, Re. 1 per share. The company has reported a net profit of Rs. 11.21 crore on a turnover of Rs. 243.93 crore in the three months ...

Refex Energy partners IBC Solar
CHENNAI: Refex Energy has partnered IBC Solar, Germany, to address the utility-scale and stand alone photovoltaic projects. According to a release, this business partnership will specialise in PV system integration that will include planning, ...

Tech Mahindra opens office in Saudi Arabia
CHENNAI: Tech Mahindra has announced the opening of its new office in Riyadh, Saudi Arabia. According to a release, the Saudi office is integral to the expansion of Tech Mahindra in the Middle East for its sales, support and delivery of its IT ...

Corporation Bank bags SCOPE award
MANGALORE: Corporation Bank has bagged the Gold Trophy of “SCOPE Meritorious Award” for best managed bank instituted by the Standing Conference of Public Enterprises (SCOPE), the apex body of Central Government owned enterprises. ...




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