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Wednesday, July 27, 2005
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RBI increases risk weights for real estate, capital market
Commercial, residential complexes covered

Global uncertainties under watch, says Y. V. Reddy
Domestic factors indicate a confidently growing economy; overall policy stance unchanged

EU tightens funds transfer norms
A simpler version of regulations for transfers within the EU countries

Norms for tea leaf plucking announced
Tripartite agreement signed for wage revision

Other Stories



Barometer


Briefly
Notification on derivatives
NEW DELHI: Tax authorities on Tuesday issued guidelines for registration of stock exchanges for trading in derivatives. A notification issued by the Central Board of Direct Taxes (CBDT) said that registration of SEs is necessary to ensure that ...

Air Deccan IPO next year
KOLKATA: Low cost airline Air Deccan, which first started operations in March 2003, would float its maiden public offer by the middle of next year, a senior company official said. Speaking to PTI, R. Krishna Swamy, Head (Planning), Air Deccan, ...

NPC study team visits Dunlop unit
KOLKATA: Officials of National Productivity Council (NPC), a government agency under the Department of Heavy Industry, have started conducting a techno-economic viability study of the tyre-maker Dunlop India's Sahagunj facility, which has been ...

Progeon centres in U.S., Europe
NEW DELHI: Infosys Technologies' BPO subsidiary Progeon is looking at setting up delivery centres in China, Europe and the U.S., Progeon's Managing Director and CEO Akshaya Bhargava said on the sidelines of a Nasscom seminar on Knowledge Process ...

NBFCs seek more funds from banks
COIMBATORE: The non-banking finance companies (NBFCs) have sought more encouragement from banks by more financing as it will help them extend micro-credit in the rural areas. The Chairman of the South India Hire Purchase Association, Ramesh ...

Single window system inaugurated
COIMBATORE: State Bank of Mysore has introduced single window system at its main branch here. A bank release said that it was an improved delivery system to cater to all the requirements of the customers at a single point and thus reduce ...

Ramco's e.Application for SMEs
CHENNAI: Ramco Systems has implemented discrete manufacturing suite of Ramco e-Applications with Novar India (formerly known as MK Electric). The latter implemented the suite at its manufacturing facility and sales offices across India. The ...

Travel agents body meet in Singapore
CHENNAI: The Travel Agents Federation of India (TAFI) will hold a four-day convention on `Keeping pace with challenging times' in Singapore from August 11. There will be sessions on `Emerging trends: Legacy airlines vis-à-vis low cost carriers ...

Dr. Reddy's Lab Q1 profit doubles
CHENNAI: Dr. Reddy's Lab has doubled its net profit to Rs. 34.70 crore in the first three months ended June 30, 2005 from Rs. 17.30 crores in the year-ago period. Total revenues stood at Rs. 558.70 crores against Rs. 510.80 crores. Growth in key ...

KLM Royal Dutch to link Hyderabad
NEW DELHI: KLM Royal Dutch Airlines will be launching flights between Amsterdam and Hyderabad in India on commencement of the forthcoming winter schedule. This represents KLM's first initiative in response to the recently expanded airline rights ...

3 Global Services deploys Cisco's network
NEW DELHI: Cisco Systems, the worldwide leader in networking for the Internet, on Tuesday announced that 3 Global Services, a customer relationship management (CRM) company and a subsidiary of Hutchison Whampoa Ltd., has deployed a Cisco powered ...

C-COM Corporation introduces new products
NEW DELHI: C-COM Corporation, the Taiwan-based manufacturer of broadband access equipments with xDSL expertise, has launched its new generation "Pamspan" family of leased line modems and routers into the Indian market through its authorised ...

Infrastructure Fund from Prudential ICICI
NEW DELHI: Prudential ICICI Asset Management Company, a joint venture of the UK-based Prudential plc and ICICI Group, has launched its Infrastructure Fund, an open-ended equity scheme that seeks to provide capital appreciation and income ...

Microsoft launches WGA 1.0 in India
NEW DELHI: In conjunction with the worldwide launch, Microsoft Corporation India Pvt. Ltd. on Monday announced the launch of Windows Genuine Advantage (WGA) 1.0 in India. WGA is part of Microsoft's ongoing commitment to protect its customers ...

GE sets up corporate growth team
NEW DELHI: To support its growth targets in India, GE has set up a "corporate growth team" that will help deliver on its strategy to more than triple its revenues in India in three years — from $0.8 billion in 2004 to $3 billion by 2008. ...

State Bank of Mysore Q1 net drops
BANGALORE: The net profit of State Bank of Mysore has dipped to Rs. 46.71 crore in the first quarter of the current fiscal from Rs. 53.02 crore a year ago. The drop is mainly attributed to a provision of Rs. 41.13 crore on transfer of securities ...

Northwest, Air France services to Bangalore
NEW DELHI: KLM Royal Dutch Airlines will be launching flights between Amsterdam and Hyderabad in India on commencement of the forthcoming winter schedule. This represents KLM's first initiative in response to the recently expanded airline rights ...

Toyota to concentrate on South
MANGALORE: Toyota Kirloskar Motor will concentrate more on the southern market following the industrial growth showing a considerable increase, which has in turn opened up a number of avenues of higher income to the people. Addressing a press ...

Coffee Day launches new scheme
PALAKKAD: The Coffee Day `Fresh `n' Ground', a leading coffee powder retail chain, has launched an innovative scheme which allows its Loyalty Card Members to easily collect bonus points here on Tuesday. The new scheme called `Just 50 gms extra.' ...

Course in steel technology
KOLKATA: The Indian Institute of Technology (IIT), Kharagpur, on Monday launched a course in steel technology in association with leading players in the industry to enhance skills of mid-level management professionals. The one-year programme ...

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