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Thursday, May 19, 2011
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Bajaj Auto's profit rises two-fold to Rs.3,455 cr
Pays Rs.40 dividend on the expanded capital
Reliance rebuts DGH's KG-D6 report
Pacnet launches international gateway
Plans $150 m investment in the next two to three years
RBI raises provisioning for bad loans
MUMBAI: The Reserve Bank of India (RBI) on Wednesday tightened the prudential norms for banks and raised provisioning requirement for bad loans by up to 10 per cent, a development that would impact bottom lines of banks. Advances ...
Music refrigerators from Godrej
NEW DELHI: Godrej Appliances on Wednesday launched India's first music-enabled refrigerator, ‘Edge SX MuziPlay' with FM radio and a MP 3 Player. The consumer durables company said it was targeting a 35 per cent growth in sales at ...
Symantec sets up security centre
CHENNAI: Symantec Corp, a leading provider of security, storage and systems management solutions, announced on Wednesday the opening of its new global security operations centre (SOC) in India. The centre, set up at the DLF Info City in ...
L&T gets GSPC offshore contract
CHENNAI: L&T has won an offshore process platform contract from Gujarat State Petroleum Corporation (GSPC) valued at Rs.1,450 crore ($317.5 million). GSPC awarded this project to L&T under international competitive bidding to meet its ...
ULP Plan from IDBI Federal
MUMBAI: IDBI Federal Life Insurance has launched a unit- linked pension (ULP) plan, IDBI Federal Retiresurance Milestone Pension Plan. According to a release, unit linked pension plan facilitates wealth building by offering a choice of ...
Tata Indicom launches ‘Pay Per Call' Plan
NEW DELHI: Tata Indicom, the CDMA brand of Tata Teleservices Ltd. (TTL), has launched ‘Pay Per Call' (PPC) for its pre-paid customers across circles. This plan offers multiple benefits to customers such as reduced overall cost of the ...
HCL Tech partners Cforia
MUMBAI: HCL Technologies and Cforia, a leading accounts receivable solutions provider, have announced a partnership to enhance HCL's order-to-cash business service. According to a release, the partnership will enable HCL Tech to enhance ...
Indian Bank achieves highest ROA
CHENNAI: On an analysis of return on assets of various public sector banks, Indian Bank claims that it has emerged with the highest ROA (return on assets) at 1.53 per cent for 2010-11. Return on assets is a key efficiency parameter which shows ...
ZTE bags Sistema Shyam's contract
NEW DELHI: ZTE Corporation on Wednesday said it has bagged technology expansion contracts from Sistema Shyam TeleServices Ltd (SSTL). The Chinese telecom solutions provider has won CDMA expansion contracts and EV-DO, a network protocol used by ...
Panasonic opens R&D centre in Gurgaon
GURGAON: Panasonic on Wednesday established its first R&D subsidiary, the Panasonic Research & Development Centre India (PRDCI) in Gurgaon, Haryana. The PRDCI is established as Panasonic's 9th R&D centre in emerging countries ...
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