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Bank mergers mooted to beef up capital
MSMEs are badly hit by the ‘synchronised downturn’ in the global economy: Central Bank CMD

Andhra Bank unveils new mascot, slogan
To open 108 branches outside Andhra Pradesh to have a national look

Natural gas price may be raised by 15-20 %
NEW DELHI: After sitting on the matter for years despite repeated pleas from Oil and Natural Gas Corporation (ONGC) and Oil India Limited (OIL) to hike prices, the Petroleum and Natural Gas Ministry is learnt to have prepared a Cabinet note ...

Telecom sector wants simplified tax regime


Air India to cut staff cost by up to Rs. 500 cr
NEW DELHI: Air India is working on plans to reduce its expenditure on employees by Rs. 500 crore annually, with a newly formed committee re-examining wage and other agreements in consultation with the unions. The cash-strapped ...

Other Stories



Barometer


Briefly
IBM announces new software platform
CHENNAI: IBM has announced a new software platform and related services to help product manufacturers and designers create innovative products. According to a release, the software and services will provide capabilities that support ...

$60 m trade financing for Exim Bank
CHENNAI: IFC and Bank of Tokyo-Mitsubishi UFJ (BTMU) will provide a $60 million joint trade financing to the Export-Import Bank of India (Exim Bank) to help support export-focussed small and medium enterprises, according to a release. ...

MTS subscriber base touches 1.50 lakh in TN
CHENNAI: Sistema Shyam TeleServices (SSTL), the latest entrant in the Indian mobile telephony space, reached a subscriber base of 1.50 lakh for its service brand MTS. It has rapidly scaled its presence to 561 towns in Tamil Nadu in less than ...

Shree Renuka Sugars to increase capacity
CHENNAI: Shree Renuka Sugars will expand its existing sugar refining capacity at its Athani unit in Karnataka from 1,000 tonnes to 2,000 tonnes daily and set up sugar refining capacity of 1,000 tonnes daily at its Havalga unit also in ...

iSoft solution for German company
CHENNAI: iSoft Group, Australia’s health information technology company, has announced that Kilinikum Saarbrucken will become the fifth early adopter site in Germany for its Lorenzo next generation solution as part of its $1.52 million ...

Four Soft bags contract from U.K. firm
HYDERABAD: Four Soft (4S), offering software solutions for transportation and logistics, won contract from Polar Speed Distribution of the U.K., Polar selected 4S eLog to optimise its management of temperature controlled, pharmaceutical ...

ABB bags Rs. 55 crore order
BANGALORE: ABB has received an order worth Rs. 55 crore to provide electrical infrastructure for modernising Kolkata airport. It has received the order from Italian-Thai Development Public Company, contractors for the project. — Special ...




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