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Saturday, April 09, 2005
Chidambaram warns erring stock brokers
MUMBAI, APRIL 8.The Union Finance Minister, P. Chidambaram, today expressed his worries about the misuse of regional stock exchanges and sub-brokers by the debarred market participants and gave an assurance that that "stringent action would be ...
Centre not to allow closure of merged banks' branches
MUMBAI, APRIL 8. The Union Finance Minister, P. Chidambaram, today said the Government would like to give more autonomy to public sector banks and at the same time it would protect the public sector character of these banks even while merging two ...
BSNL plans major network expansion
NEW DELHI, APRIL 8.Bharat Sanchar Nigam Limited (BSNL) will be embarking on a massive expansion programme, said its Chairman and Managing Director, A. K. Sinha. Mr. Sinha said the company planned to invest Rs. 80,000 crores to triple its ...
Build large capacities, textile units told
COIMBATORE, APRIL 8. In order to capitalise on the emerging business opportunities, the Indian textile industry should invest massively and build large capacities to improve productivity and reduce costs, the Chairman and Managing Director of the ...
Guarantee for DFIs
NEW DELHI, APRIL 8.The Centre has decided to stand guarantee for domestic financial institutions (DFIs) to help settle the foreign debts of Dabhol power project as part of the ongoing exercise to resolve the payment imbroglio and resume ...
IOC to charter ships
NEW DELHI, APRIL 8.The Union Cabinet today decided to allow Indian Oil Corporation to charter ships for oil imports, instead of through Transchart, the agency under the Ministry of Shipping. This had been recommended by a Committee of ...
TCS ties up with Canadian agency
MUMBAI, APRIL 8.Tata Consultancy Services (TCS) has entered into a cooperative partnership with the Canadian telecommunication R&D agency, Communications Research Centre (CRC), for collaborating on complementary projects related to the ...
Bokaro's Rs. 7,000 crore capex plan
KOLKATA:, The Bokaro Steel Plant (BSL) will be sending projects worth Rs. 7,000 crores for approval of the board of the Steel Authority of India Ltd (SAIL) this fiscal. Addressing a press conference here, the BSL Managing Director, U. P. Singh, ...
HCL solution for BDA
CHENNAI:, HCL Technologies has been selected by the Bangalore Development Authority (BDA) to design, develop, implement and support an integrated management information system to automate the business processes in its various departments. This ...
HM sells more Ambassadors
CHENNAI:, Hindustan Motors has registered a growth of 4 per cent in sales at 12,522 Ambassadors in 2004-05 against 12,046 units last year. The company has recently launched a CNG variant of its popular Ambassador model. The 1800cc CNG Ambassador ...
Vaishnavi forays into global market
CHENNAI:, Vaishnavi Corporate Communications, leading communication consultancy, announced its foray into the global market, forging a strategic alliance with Financial Dynamics, London. This alliance will involve the two entities collaborating ...
CCL records Rs. 900 crore profit
CHENNAI:, The Central Coalfields Ltd. has achieved its revised coal production target by producing 37.40 million tonnes in 2004-05. It has earned a gross profit of Rs. 900 crores. The output in the previous year was 37.33 million tonnes. In ...
Dividend for Prudential ICICI Discovery fund
CHENNAI:, Prudential ICICI AMC has declared 10 per cent dividend on Prudential ICICI Discovery Fund. The record date for the dividend payment has been fixed at April ...
Idea Cellular's new service
NEW DELHI:, Idea Cellular has introduced "Idea Bazaar Bhav" SMS-based information updates in the commodity markets using a subscription-based model where its subscribers will be able to receive updates about the current prices in the major stock ...
GrapeCity launches testing tool
NEW DELHI:, GrapeCity India on Friday launched Compuware's "TestPartner 5.3" that will help IT organisations in reducing risks and make the most of limited resources by implementing automated functional and regression testing of critical ...
RITES gets $40 m contracts
NEW DELHI:, The Rail India Technical and Economic Services Ltd (RITES), the consultancy arm of the Indian Railways, has been bagged five contracts amounting to $40 million from the Transport Ministry of Angola for implementing its CFM railway ...
eLitmus.com launches service
NEW DELHI:, eLitmus.com has announced the launch of a service for entry-level recruitment, which would benefit both employers and professionals entering the job market. According to Aseem Marwaha, one of the promoters, the service will take care ...
TVS Motor launches TVS Star range
BANGALORE:, TVS Motor Company on Friday launched the new generation four-strike motorcycle TVS Star and TVS Star Deluxe in the State coinciding with the Ugadi festival. The range targets the economy segment and will offer fuel economy, ...
Hitachi to accelerate NAS revenues
BANGALORE:, Hitachi Data Systems, a wholly owned subsidiary of Hitachi, has announced a full-scale product assault on the network attached storage (NAS) market, signalling the introduction of multiple new NAS products spanning from high-end ...
Novell delivers open enterprise server
BANGALORE:, Novell on Thursday announced the upcoming availability of Novell open enterprise server, a secure and liable suite of services that combines NetWare and Suse Linux enterprise server to deliver proven file, print, management, ...
Matrix Lab, Aspen Pharma join hands
HYDERABAD:, Matrix Laboratories and Aspen Pharmacare Holdings (South Africa) announced a strategic alliance to strengthen their respective businesses by forming joint ventures in India and South Africa. Matrix and Aspen would form a 50:50 joint ...
Tanla Solutions pays 20 p.c.
HYDERABAD:, Tanla Solutions has reported consolidated revenues of Rs. 22.73 crores (including two subsidiaries) for the year ended March 2005. The net profit was Rs. 6.84 crores. The board has recommended dividend of 20 per cent (10 per cent). ...
Project Management Conference
HYDERABAD:, Project Management Institute Pearl City Chapter (PMIPCC) will host `Gyan Lahari', an international `Project Management Conference' in Hyderabad from April 15 to 17. The President, A. P. J. Abdul Kalam, will inaugurate the conference ...
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