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BUSINESS
IOB seeks offshore presence in China
SINGAPORE: Indian Overseas Bank is seeking to raise its profile in China, Singapore, and Malaysia through specific strategies, according to IOB Chairman and Managing Director M. Narendra. IOB Mr. Narendra said on Thursday, had now ...

Food inflation at 2-month high
NEW DELHI: Food inflation touched a two-month high of 9.01 per cent for the week ended May 28, notwithstanding the Finance Ministry and Planning Commission claims that inflation would moderate in the coming months. Riding on the back of ...

National Manufacturing Policy gets in-principle approval
Environment and Labour Ministries express concern

Prince Courtyard will replace Dasaprakash building
Prince Foundations unveils premium residential project

GoM on coal to meet again on July 2


Sensex ends flat
MUMBAI: In a day of dull trading on Thursday, the Bombay Stock Exchange sensitive index, Sensex, ended marginally lower at 18384.90 against 18394.29 on Wednesday, on rising food inflation and government caution that slow economic growth may ...

Sharp drop in tea exports
Payment problems with Iran and turmoil in West Asia impact

MHS Energy forms venture with German firm


Reconsider decision on cotton exports: mills
COIMBATORE: Textile mills here have appealed to the Union Government to reconsider its decision to allow additional 10 lakh bales of cotton for exports this year (October 2010 to September 2011). Southern India Mills' Association ...

Tata effects 25 % saving through group buying
KOLKATA: The Tata Group has effected a savings of around 25 per cent in the cost of its desktop and laptop purchases by bringing 30 group companies on a single-platform. Besides the savings in cost, this enabled the group to streamline ...

Audi commences production of next generation A6
MUMBAI: German luxury car-maker Audi has announced the start of production of the all-new Audi A6 in India from its Aurangabad facility. More than 2,000 units of the Audi A6 will run off the production line every year, in the initial years ...

Video conference mandatory for AGM from next fiscal
NEW DELHI: The Ministry of Corporate Affairs on Thursday said it would be mandatory for listed companies to provide the option of video conferencing for shareholders to participate in the annual general meeting from next ...

Godrej launches sophisticated lock system
CHENNAI: Godrej Locks, a business unit of Godrej & Boyce, has launched i-Secure Mechatronix lock. Addressing presspersons, Shyam Motwani, Executive Vice-President, said the product combined the latest mechanical and electronic ...

SunTechnics Energy to be re-christened
NEW DELHI: SunTechnics Energy Systems, a company dedicated to solar energy, has announced that it would adopt its parent company name Conergy and would be re-christened as Conergy Energy Systems. The Indian entity will now focus largely ...

Other Stories



Barometer


Briefly
Aviva Life's turnaround performance
GURGAON: Aviva Life Insurance has registered a profit of Rs. 29 crore in 2010-11, the first year since the launch of operations in May 2002, against a reported loss of Rs. 345 crore in the previous year. According to a release, the company ...

Infosys BPO partners IIM Bangalore
BANGALORE: Infosys BPO has jointly developed a highly customised case study with the Indian Institute of Management, Bangalore. Developed jointly by Infosysand Professor Janat Shah and L.S. Murty of IIMB and slated to be used by business ...

IOB launches E-Kiosk
CHENNAI: Indian Overseas Bank has launched 24x7 cheque depositing machine, E-kiosk at the Cathedral branch, Chennai. This is an automated cheque depositing system. It reads MICR data and captures digital image of the deposited cheque and also ...

TPG Growth invests in AGS Transact
MUMBAI: TPG Growth, a global private investment firm, has invested Rs.145 crore in AGS Transact Technologies. According to a release, the proceeds of this investment will be used for ATM outsourcing roll-outs undertaken by AGS Transact on ...

CESC to buy stake in Resource Generation
KOLKATA: RPG Group company CESC has inked a deal to pick up a 4.8 per cent stake in Australia-listed mining company Resource Generation for $10 million. It acquired the stake through a Singapore-based wholly-owned subsidiary Bantal Singapore ...

Naresh Goyal re-elected to IATA Board
MUMBAI: Jet Airways Chairman Naresh Goyal has been re-elected to the Board of Governors of the International Air Transport Association (IATA) for 2011-13 at the 67 {+t} {+h} annual meeting held in Singapore. As a member of the 30-member board, ...




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