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India can absorb oil shock, says World Bank
NEW DELHI, DEC. 8.The World Bank has projected that India would be able to absorb the oil price shocks and remain unaffected from the depreciation of the U.S. dollar against the rupee. India is also expected to attract about $5 billion as ...

IOC, OIL join hands for exploration
NEW DELHI, DEC. 8.The Indian Oil Corporation and the Oil India Ltd. today entered into an agreement to collaborate in oil exploration and production both within the country and abroad. OIL will ultimately function like the overseas subsidiary of ...

China's Lenovo buys IBM's PC business
BEIJING, DEC. 8.The Chinese computer maker Lenovo Group said on Wednesday it will take over IBM Corp.'s personal computer business, creating the world's third-largest PC maker in a $1.75 billion (euro1.3 billion) deal that announces China's ...

Tata Steel to set up 3 mt integrated plant
JAMSHEDPUR, DEC. 8.Tata Steel is proposing to set up one more greefield project, besides the Orissa project, which was announced sometime ago. Addressing visiting journalists here on Tuesday, B. Muthuraman, Managing Director, said Tata Steel ...

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Barometer


Briefly
Crude prices fall
LONDON, DEC. 8.Crude prices fell on Wednesday ahead of U.S. petroleum inventory data and an OPEC meeting this week at which the group could decide on a production cut. After an initial bounce, light sweet crude for January delivery dropped 60 ...

Jindal Stainless' power plant
NEW DELHI, DEC. 8.Jindal Stainless proposes to set up a captive thermal power plant at a cost Rs. 850 crores to meet its future requirements in Orissa. The plant will have two modules of 125 MW each. The expected date of completion for the ...

Birla Sun hikes capital
NEW DELHI, DEC. 8. Birla Sun Life Insurance has hiked its capital by Rs. 35 crores to Rs. 350 crores and is aiming 90 per cent growth in business to Rs. 700-800 crores this fiscal. "Birla group and Sun Life Financial Inc have infused Rs. 35 ...

Cognizant opens centre in Canada
CHENNAI: Cognizant has opened a Toronto-based Canadian development centre to provide near-shore services to U.S. clients and to serve as a domestic centre for Canadian customers. The Toronto centre is the 18th location of the company, says a ...

Laser Soft solution for Corporation Bank
CHENNAI: Laser Soft Infosystems has completed implementation of its Panacea core banking system in over 350 branches of Corporation Bank. The system has been implemented at a cost of Rs. 4 lakhs per branch. Panacea core banking system provides ...

Career guidance seminar for ITeS
CHENNAI: Scope International in partnership with ELCOT is organising a career guidance seminar for IT enabled services at Bertram Hall, Loyola College, Nungambakkam, on December 11. The focus of the seminar is to highlight the opportunities and ...

Amara Raja expands retail network
CHENNAI: Amara Raja Batteries has announced the setting up of an Amaron PitStop in Nellore. This is the 45th Amaran PitStop and fifth in Andhra Pradesh. Other Amaran PitStops in Andhra Pradesh are in Hyderabad, Kakinada, Visakhapatnam and ...

Syndicate Bank launches retail product
CHENNAI: Syndicate Bank has launched Synd Yatra, a retail loan product that caters to domestic and international travel for holiday, personal and business travel undertaken by its customers. Under this scheme, the bank will be offering loan up to ...



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