Online edition of India's National Newspaper
Saturday, October 02, 2004
IDBI becomes deemed banking company
MUMBAI, OCT. 1. The Industrial Development Bank of India (IDBI), the erstwhile principal development financial institution with a four decadal multifaceted contribution towards catalysing industrialisation in the country, metamorphosed into a ...
India, Sri Lanka aim at comprehensive economic cooperation
CHENNAI, OCT. 1. Trade Ministers and officials of India and Sri Lanka today called for taking their economic cooperation well beyond the current Free Trade Agreement (FTA) to the proposed Comprehensive Economic Partnership Agreement (CEPA) while ...
Ordinance to amend Banking Regulation Act
NEW DELHI, OCT. 1.An Ordinance to amend the Banking Regulation Act, 1949 has been promulgated to enable the Reserve Bank of India to issue licences to Multi-State Cooperative Societies to carry on banking business. The Deposit Insurance Cover for ...
Centre's nod for NLC expansion
CUDDALORE, OCT. 1.The Central Government has given its consent to the Rs. 4,196 crore expansion programmes of Neyveli Lignite Corporation. The Cabinet Committee on Economic Affairs has given the clearance, according to sources. The sources ...
Ranbaxy in top global drug firms
NEW DELHI, OCT. 1. Home grown pharmaceutical company Ranbaxy Laboratories has made it among the top 100 drug companies worldwide in the IMS World Review 2004. Ranbaxy climbed up from the 76th position in 2003 to 72nd rank in the current year in ...
Litigation on pharma patent case
HYDERABAD, OCT. 1. Dr. Reddy's Laboratories announced litigation on abbreviated new drug application (ANDA) for Finasteride tablets one mg. It said that Merck has filed a lawsuit against Dr. Reddy's in the U.S. District Court for the District of ...
MUMBAI, OCT. 1. Singapore Airlines (SIA) has announced that it is commencing direct flights between Amritsar and Singapore thrice a week from today. Amritsar is now the tenth Indian destination to be served by SIA and its subsidiary Silk Air. The ...
Hinduja TMT buys Source One
MUMBAI, OCT. 1. Hinduja TMT has acquired the U.S.-based IT-enabled services company, Source One Communications (SOC) in an all cash deal of $8.5 million from Georgeson Shareholder Communications Inc. "This acquisition gives us multiple ...
Nucleus buys stake in GMAC India
CHENNAI, OCT. 1. Nucleus Software Exports has acquired 25.1 per cent of the equity capital of GMAC Financial Services India Ltd (GMAC India), the Indian automotive finance operation of General Motors Acceptance Corporation. The total investment ...
IOC to launch highway retail outlets
COIMBATORE: The Indian Oil Corporation will be launching its flagship retail outlets on highways at 123 places across the country under the banner "Swagat". The retail outlets to sport all facilities would be a boon to travellers on the highway ...
BPL expands roaming network
COIMBATORE: BPL Mobile has on Friday launched a unique technology solution to offer seamless international roaming for its subscribers in Tamil Nadu and Pondicherry. The solution has come in the form of a Dual IMSI (International Mobile ...
IDBI Bank branch in Tirupur
COIMBATORE: The Industrial Development Bank of India (IDBI) Bank opened its branch in the hosiery town of Tirupur on Thursday. The Country Head of Retail Banking for IDBI, Rajan Ghotgalkar, said that the bank was looking for all round expansion ...
BOBCARDS cuts service charge
COIMBATORE: BOBCARDS Ltd., a subsidiary of Bank of Baroda, as a gesture to its card holders to mark the tenth anniversary, has announced a cut in service charges. C. Kurian, Assistant Vice-President, said that from the existing 2.25 per cent the ...
Reliance to expand network
COIMBATORE: Reliance Infocomm, the CDMA mobile phone service provider, as part of the second phase of network expansion to be completed within the next 150 days, would provide coverage in 466 new towns in the rest of the Tamil Nadu circle. The ...
Karnataka Bank branch in Navi Mumbai
MANGALORE: Karnataka Bank opened its fully networked 371st branch at Koparkhairane, Navi Mumbai, recently in pursuance of its plan to take the total number of branches to 390 by the end of the current financial year. The bank which is highly ...
Helios & Matheson to focus on healthcare
CHENNAI: Helios & Matheson has announced its decision to position itself in the healthcare sector, according to V. Ramachandran, Chairman. This effort will contribute 35 per cent revenue in the current year. To exploit the growth potential, the ...
Alliance MF pays dividend
CHENNAI: Alliance Short Term Fund, an open-ended debt scheme from Alliance Capital Mutual Fund (ACMF), has declared gross dividend of Re. 0.035 per unit or 0.35 per cent for its Regular Dividend Plan on the face value of Rs.10. The dividend is ...
Sify offers value added features
CHENNAI: Sify.com has announced value added features for its mail users. The service comes with a 100 MB mail box with value added features such as outgoing mail attachments up to 10 MB, enhanced spam busters to take care of unwarranted mails and ...
Siemens introduces new mobile handsets
CHENNAI: Siemens Mobile has introduced three new mobile phone models M65, C65 and S65 in India. All the three have distinct and loud ring tones. While M65 and C65, which have just been introduced in the Indian market, are priced ...
Widex plans expansion in India
KOLKATA: Widex Denmark, the $250 million leading manufacturer of digital hearing aids, is planning to expand operations in India through franchisee network and will introduce fully computerised technology for providing customised ones. As part of ...
VSNL's new Head of Retail Broadband
MUMBAI: Internet and telephony major, Videsh Sanchar Nigam Ltd, (VSNL) on Friday appointed Shashi Kalanthil as Head of its Retail Broadband Business, who will be responsible for the broadband offerings of the Tata company. Earlier, Kalanthil was ...
Syntel names COO
MUMBAI: Global provider of custom outsourcing solutions, Syntel Inc., on Friday promoted Keshav Murugesh as its Chief Operating Officer. Murugesh was earlier Chief Financial Officer (CFO) of the company, with additional responsibilities of human ...
BHEL bags turnkey contract
KOLKATA: Bharat Heavy Electricals Ltd. on Friday bagged an order worth Rs. 800 crores from the West Bengal Power Development Corporation Ltd. (WBPDCL) for erection, testing and commissioning of a 250 MW power plant at Santaldih in the State on a ...
HSBC Asset's service centre
HYDERABAD: HSBC Asset Management (India), which manages HSBC Mutual Fund, plans to launch a `floating rate fund' by October-end, and is looking at raising over Rs. 500 crores. SEBI clearance has been obtained, according to Sanjay Prakash, Chief ...
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