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Wednesday, February 16, 2005
S&P makes open offer in Crisil
MUMBAI, FEB. 15.Standard & Poor's (S&P), a division of The McGraw-Hill Companies, Inc. and the leading provider of independent research, ratings and indices, today announced that it intends to make a voluntary conditional open offer to all the ...
FICCI inks MoU with Sistema for agro park
NEW DELHI, FEB. 15.The Federation of Indian Chambers of Commerce and Industry (FICCI) and the Italy-based consortium Sistema Italia Exports today signed a memorandum of understanding to develop a world-class agro-industrial park with an ...
Duty on palm oil raised
NEW DELHI, FEB. 15.The Centre has increased the customs duty on various kinds of palm oils, including palmolein by 15 percentage points with immediate effect, while scaling down the prescribed tariff values on these specified edible oils in ...
ONGC to roll out retail outlets next fiscal
KOLKATA, FEB. 15. ONGC will begin rolling out its retail outlets by 2005-06, Chairman and Managing Director, Subir Raha, said. The outlets would be branded under the name Oval (ONGC values), Mr. Raha said. Addressing a press conference here, he ...
Hinduja TMT to divest in Hutch
MUMBAI, FEB. 15.Following the consolidation of various Hutchison mobile telecom operations in India, Hinduja TMT, which held a stake in Fascel through its subsidiary IndusInd Telecom Network Ltd., has received 5.11 per cent of the voting rights ...
Caparo Group India plans
NEW DELHI, FEB. 15. Lord Swraj Paul-led Caparo Group is planning to invest Rs. 300-400 crores for setting up six automotive components manufacturing plants in India. "At present we plan to invest Rs. 300-400 crores in India for servicing our ...
Singh to handle Virgin operations
NEW DELHI, FEB. 15.Virgin Atlantic Airways today announced the appointment of J.P. Singh as the Head of its Commercial operations in India. Mr. Singh will be responsible for evaluation of the airline's route network, profitability and enhancement ...
Bio-diesel engine for passenger car
NEW DELHI: The Indian Institute of Technology (IIT), Delhi, has developed a passenger car engine which runs on bio-diesel. ``IIT Delhi has developed a bio-diesel engine with significant modifications in the existing Indica diesel engine, which ...
Windshield ties up with ICICI Lombard
NEW DELHI: Car glass repair company, Windshield Experts, on Tuesday has tied-up with ICICI Lombard to manage all automotive glass claims for them. As per the agreement, any ICICI Lombard policyholder can enjoy a cashless transaction with ...
Kirloskar bags Angolan Govt. order
MUMBAI: Kirloskar Brothers has received an order worth $5.54 million from the Ministry of Agriculture, Government of Angola. The order involves supply of diesel engines and electric motor driven pumpsets. Under this order, the company will ...
POSCO to establish steel plant
BHUBANESWAR: The South Korean steel major, Pohang Steel Company, might zero down on Paradip Port on the Orissa coast to establish their proposed mega Rs. 40,000 crore steel project, official sources said. The company, which has been eyeing Orissa ...
Birla Sun Life expands retirement plans
CHENNAI: Birla Sun Life Insurance has launched Flexi SecureLife II-Retirement Plan. The launch of this plan enhances the product range in the retirement category. The new unit linked plan has convenient options of paying a single premium or ...
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