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Friday, July 30, 2004
`IDBI Bank merger will lead to a stronger organisation'
HYDERABAD, JULY 29.In two separate meetings held at Hyderabad and Mumbai, the board of directors of IDBI and IDBI Bank decided to accord in-principle approval for merger of IDBI Bank into IDBI. The merger process will be completed during this ...
Sanmar opts for Group Corporate Board
CHENNAI, JULY 29.In one more giant step towards corporate governance, the family members of the Chennai based Sanmar Group have disengaged from the day-to-day management of all operating companies. N. Sankar, his brother N. Kumar and Sankar's ...
Net video phone lets you see as you speak
BANGALORE, JULY 29.Six months from now, Rs. 15,000 may buy you a video telephone, that allows you to call anywhere in the world at cheap Internet rates and see the person you are speaking to, in sharp, CD-quality video. The ...
BPCL to expand Mumbai refinery
MUMBAI, JULY 29. In a bid to take its place among the leading oil companies, the public sector Bharat Petroleum Corporation Limited (BPCL), which has already reached the Fortune 500 list, is set to not only expand its flagship Mumbai refinery but ...
Equities forge ahead
MUMBAI, JULY 29.After a brief two-day pause, the market on Thursday rallied smartly ending up by 50 points at close as investors rolled over fairly good amount of positions in the Futures and Options (F&O) to August contract. The market was ...
Rupee sheds 15 paise
MUMBAI, JULY 29.Breaching the crucial 46.40-dollar barrier, the rupee today slumped to a 13-month closing low of 46.46/47 a dollar, pulled down by sustained hectic month-end dollar demand and reflecting a robust dollar overseas with sentiment ...
Ashok Leyland Q1 profit doubles
Ashok Leyland has reported a net profit of Rs. 31.94 crores for the three months ended June 30, 2004 against Rs.14.81 crores in the corresponding period in the previous year, a growth of 116 per cent. Gross sales have risen to Rs.943.62 crores ...
Crude prices at new high
LONDON, JULY 29.Crude oil shot to new highs on Wednesday, hitting $43 a barrel in New York, as markets reacted to a threat by Russian authorities to shut down most of the production from that country's largest oil company. ...
UTI plans offshore fund
NEW DELHI, JULY 29.UTI Mutual Fund plans to launch an offshore fund worth $50 million, which would offer equity and debt schemes. "We have filed application with the Securities and Exchange Board of India for launching an offshore fund,'' a ...
Satyam partners OATSystems
HYDERABAD, JULY 29. Satyam Computer Services has partnered with OATSystems to provide comprehensive radio frequency identification devices based solutions to its customers. OATSystems is a leading provider of software for the high resolution ...
RBI to issue new Rs.20 denomination notes
CHENNAI: The Reserve Bank of India will be issuing Rs. 20 denomination bank notes with inset letter `A' in both numbering panels in Mahatma Gandhi series. These notes will bear the signature of Y. V. Reddy, Governor. Except for the change in ...
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