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Wednesday, July 07, 2004

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Industry terms Railway Budget as `pragmatic'
NEW DELHI, JULY 6.Industry today described the Railway Minister, Lalu Prasad's maiden Budget for 2004-05 as `pragmatic' while commending the focus on modernisation and improvement in passenger amenities. The apex chambers, the Confederation of ...

`A status quo Budget'
CHENNAI, JULY 6.A status quo Railway Budget with declared objectives sans expression in financial terms. This is how the maiden Budget of Lalu Prasad was summed up by P. V. Vasudevan, retired Financial Commissioner of the Railway Board. A ...

L&T, Grasim complete cement deal
MUMBAI, JULY 6. Larsen & Toubro (L&T) and Grasim Industries today announced the completion of the scheme of demerger of L&T's cement division — UltraTech CemCo (UTCC) — with Grasim having acquired a majority stake in it. Addressing ...

Other Stories

  • Rupee tumbles
  • Populist Railway Budget lifts Sensex
  • India-U.K. initiative in agriculture
  • PC sales cross 30 lakh mark
  • OM Kotak Life renamed
  • Markets expect realistic Central Budget
  • Sify buys EAP Global

    Barometer
  • Bullion rates
  • Exchange rates

    Briefly
    Sensex vaults 85 points
    CHENNAI, JULY 6.Fresh buying in old economy stocks lifted the Sensex by 85 points after the presentation of the Railway Budget on Tuesday. After a lacklustre trade in the early session, bourses welcomed the Railway Budget as the Railway Minister ...

    RBI norms on bank investment
    MUMBAI, JULY 6. The Reserve Bank of India said today a ceiling of 10 per cent will be applicable on investments by banks or financial institutions in all types of investments, including equity and preference shares, which are issued by other ...

    Infogain to open third centre
    BANGALORE, JULY 6. The U.S.-based IT consulting and services company, Infogain India, today announced plans to open its third development centre in India by the end of the third quarter of 2004. The centre would be located in Noida (Uttar ...

    Birlasoft to hire 400 professionals
    NEW DELHI, JULY 6. Buoyed by a significant increase in offshore business, the New Jersey-based IT company, Birlasoft, today announced ramping up of its India operations and increasing its headcount by 400 by August this year. "There has been a ...

    Dhanlakshmi Bank to outsource ATMs
    MUMBAI: Dhanalakshmi Bank Ltd has entered into an agreement with Euronet Services Pvt. Ltd. for sourcing its ATM requirements from the latter. Euronet would provide asset management services including ATM, VSAT, UPS, airconditioner, ATM site ...

    "A" Polaris' banking products for Indian market
    NEW DELHI: Having focused on the overseas market so far, banking software company Polaris is now looking at developing banking and finance products for the Indian market. The Indian banking and financial services industry has particular ...

    Exim Bank's credit for Angola
    CHENNAI: The Export-Import Bank of India (Exim Bank) has inked a pact with the Government of Angola. Under this, Exim Bank agreed to make available to Angola a line of credit (LOC) up to $5 million. The credit is available for financing export of ...

    Thai trade fair
    CHENNAI: A Thai industry trade fair will be held in Chennai this week. The fair is a part of worldwide trade promotion programme of the Department of Export Promotion, Ministry of Commerce of the Royal Thai Government. Thailand Exhibition 2004 ...

    Plumbing seminar
    CHENNAI: The Indian Plumbing Association (IPA), the national body of plumbing professionals, is organising a one-day plumbing seminar jointly with CJI Forum based in Ahmedabad on July 10 at ITC Hotel Park Sheraton in Chennai. The intention of the ...

    IBM India's new service
    BANGALORE: IBM India on Tuesday announced the availability of a secure Virtual Private Network for independent software vendors and business partners to provide remote countrywide access to its IBM innovation centre for business partners. The new ...

    Mint White Shirt Collection from Oxemberg
    BANGALORE: Oxemberg, a multi-product brand with a product portfolio encompassing formal wear, casuals and denims, has launched its another exclusive formal collection "The Mint White Collection" crafted from pure 100 per cent cotton and special ...

    BPCL joins hands with eCharge
    HYDERABAD: Bharat Petroleum Corporation Ltd. (BPCL) and eCharge (Tech), a subsidiary of Mercantile Pacific group (Australia), have joined hands to distribute electronically pre-paid products. The products have been made available through BPCL's ...

    SISI invites small units
    HYDERABAD: The Small Industries Services Institute (SISI) has invited small scale units to participate in two international trade fairs — Poznan Fashion week (Sept. 7 to 9) and Thessaloniki fair (Sept. 11 to 19) at Poznan (Poland) and ...

    MosChip completes rights issue
    HYDERABAD: MosChip Semiconductor Technology, announced the successful completion of rights issue. The issue of 33.43 lakh equity shares at Rs. 35 per share has been fully subscribed raising Rs. 11.70 crores. The issue closed on June 29. The funds ...

    KVB's ATM sharing plans
    HYDERABAD: Karur Vysya Bank expects to tie-up with a couple of banks for sharing ATMs within two months, which will give its customers access to 3,000 more ATMs. The bank already has 115 ATMs of its own and plans to install 70 more this year. In ...

    EMC unveils two solutions
    NEW DELHI: The information storage and management company, EMC Corporation, on Tuesday unveiled two new EMC Proven Solutions for SAP software environments. The solutions combine professional services and leading EMC technology to help customers ...

    Pearl Organics' R&D centre
    NEW DELHI: Pearl Organics on Tuesday announced the setting up of a fully equipped R&D centre at Navi Mumbai that will provide complete support for the company's regulatory filings and for the preparation of "Drug Master Files". The company ...

    LG Electronics' promotional scheme
    NEW DELHI: LG Electronics India Pvt. Ltd. has announced an attractive promotional scheme on its models of MY PC range of computers. The scheme includes free offers on hardware and software with every PC purchase. The freebees include UPS, ...

    Escotel is now Idea
    KOCHI: The number one cellular service provider in Kerala, IDEA Cellular Ltd, which recently acquired Escotel Mobile Communications, plans to invest Rs. 100 crores in Kerala. According to Vikram Mehmi, CEO of IDEA, the number of base terminal ...

    PNB's Expo Gold Card
    KOZHIKODE: Punjab National Bank has formulated a gold card scheme, named `PNB Expo Gold Card' for its exporter clients to ensure easy availability of export credit on best terms to credit worthy exporters. The cardholders would be eligible for ...

    Takes membership in Singapore Commodity Exchange
    KOCHI: Geojit, leading commodity futures broker, has taken membership in Singapore Commodity Exchange to enable its clients to hedge their rubber futures price-risks in international markets. Geojit already offers rubber futures trading in three ...



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