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Thursday, February 10, 2005
No downward revision of oil prices, says Aiyar
NEW DELHI, FEB. 9. A downward revision of domestic oil prices is not on the cards as the Union Petroleum Minister, Mani Shankar Aiyar, today declared that there is no immediate proposal to "defreeze" prices. He said public sector oil companies ...
FDI in retail and real estate soon: Kamal Nath
NEW DELHI, FEB. 9. The Government is likely to come out with a policy on opening up the retail and real estate sectors for foreign direct investment within the next two months. This was indicated here today by the Commerce and Industry, Kamal ...
MCA launches e-governance initiative
NEW DELHI, FEB. 9. Accessing even financial and other information on closely-held companies would just be a mouse click away once the ambitious project of the Ministry of Company Affairs (MCA) to turn paperless through its e-governance initiative ...
`Pay service tax and sleep well'
CHENNAI, FEB. 9. "Pay service tax and sleep well" will be the slogan of the Central Excise Department which will launch searches if credible evidence of service tax evasion was found by the service providers, said K. P. Singh, Director General of ...
UTV price band at Rs. 115-130
MUMBAI, FEB. 9. UTV Software Communications has fixed the bidding price band of Rs. 115-130 per share for its proposed public issue to raise up to Rs. 91 crores to part finance business expansion plans. The bidding for 100 per cent book-built ...
Tata Power to raise $200 m
MUMBAI, FEB. 9. Tata Power Company will raise $200 million through foreign currency convertible bonds (FCCB) from the international market. The offering opened for subscription today. These bonds would be listed on the Singapore Stock Exchange, ...
ICICI Prudential raises capital
CHENNAI, FEB. 9.ICICI Prudential Life Insurance Company has increased its capital base by Rs. 100 crores to Rs. 925 crores. This is the eleventh equity increase since its inception. The two partners, ICICI Bank and Prudential Plc., have been ...
NIIT ties up with SAP
CHENNAI, FEB. 9.NIIT Technologies has entered into a strategic alliance with SAP, the world's largest enterprise applications software provider, to service the growing Indian market. The alliance will focus on implementing projects in ...
Max New York Life opens branch
COIMBATORE: Max New York Life on Wednesday opened a branch here. According to a release, the company entered the Coimbatore market nearly two years ago using the corporate agency route. With the new branch, the company now has a countrywide ...
Xansa's expansion plans
CHENNAI: Xansa, a business process and IT services company, is expanding its operations in Chennai by setting up a new building over the next six months inside its existing 28-acre campus. The company will invest over Rs. 22 crores in the ...
ICNET to restart operations
CHENNAI: ICNET, which introduced electronic mail as a commercial proposition in the early `90s, has returned to business after many years under a High Court-induced revival package. Addressing a press conference, C. Padmanabhan, Chairman and ...
Tata AIG launches `Business Travel Guard'
CHENNAI: Tata AIG General Insurance has launched `Business Travel Guard.' It gives comprehensive overseas travel coverage for business traveller. This policy has been specifically designed keeping in mind the insurance cover needs of small and ...
New GM for Chittaranjan Locomotive
KOLKATA: R. Sivadasan has taken over as General Manager of Chittaranjan Locomotive Works (CLW) with effect from February 1. Prior to this, he was adviser (Finance) in the Railway Ministry, says a release. He succeeds Surinder Jain who has ...
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