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Wednesday, May 10, 2006

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IPO order will go forward, says SEBI Chairman
Reveals plans to regulate distribution of MFs, introduce IDRs

WB gets CDM funding for rice husk power
A consortium of rice mills will receive Rs. 15 cr. from a Swedish co.

Mittal willing to revise bid
The revised offer will be made next week

Toshiba introduces new Notebook PC
Qosmio G30 is priced at Rs. 1.75 lakh (MRP)

CDMA, GSM operators harden stand on spectrum
Differences over criterion for allocation

Rabo to help Rajasthan Govt. develop policy on agri sector
Action plan for ten States under National Horticulture Mission

Other Stories


Tata Sky partners Humax
CHENNAI: Tata Sky Ltd., the joint venture between the Tata Group and STAR, on Tuesday announced its partnership with Humax, world's leading digital satellite set-top box manufacturer, to support the launch of its Direct-to-Home (DTH) service in ...

RPL shares to be listed on bourses on May 11
MUMBAI: Mukesh Ambani-controlled Reliance Petroleum Ltd will be listed on the bourses on May 11. RPL's over 449 crore shares of face value Rs 10 each would be listed on the stock exchanges, a circular on the Bombay Stock Exchange said. The ...

Notification on GMOs kept in abeyance
CHENNAI: The Director-General of Foreign Trade (DGFT) has, through a notification dated may 4, "kept in abeyance'' till July 7, the conditions relating to import of genetically modified food, feed, genetically modified organism (GMOs) and living ...

Nasdaq forms alliance with Equilar
NEW YORK: The Nasdaq Stock Market Inc. on Tuesday announced that it has formed a strategic alliance with Equilar to provide its listed companies with information, products and tools to analyse, benchmark and disclose executive and board member ...

Ashok Leyland April sales up
CHENNAI: Total sales of Ashok Leyland during April have risen by 47.3 per cent to 5,039 vehicles from 3,422 vehicles in the same period in 2005. Sales in the domestic market were higher at 4,750 vehicles against 3,171 vehicles and exports at 289 ...

Centurion Bank, Indecomm Global form Centillion
CHENNAI: Centurion Bank of Punjab and Indecomm Global Services, a widely recognised international business process services firm, have announced their intent to form Centillion Solutions and Services to focus on operations and services for ...

AVT Natural's net up 63 p.c.
CHENNAI: A combination of diversification and cost reduction exercise has seen AVT Natural Products improve its net profit despite a moderate growth in sales. The net profit has risen by 63 per cent to Rs. 7.50 crore from Rs. 4.60 crore on total ...

AstraZeneca to split stock in 1:5 ratio
CHENNAI: AstraZeneca Pharma India has approved a stock split in the ratio of 1:5. The board, at its meeting held on Tuesday, approved the splitting of shares of Rs. 10 each into to five shares of Rs. 2 each. ...

CNBC-TV18 and ICICI Bank felicitate SMEs
CHENNAI: Suprajit Engineering, Bangalore, has won the overall small and medium enterprise of the year award and Bhagwati Banquets & Hotels, Ahmedabad, most promising small enterprise of the year award for 2005 under the Emerging India Awards ...

CADS Software plans to double headcount
CHENNAI: CADS Software India, a subsidiary of the U.K.-based CADS, plans to double its employees strength in Chennai to about 700 and revenue to about Rs. 45 crore in the next three years, according to Jonathan Frvett, Financial Director, CADS. ...

Mistral Software opens design centre
HYDERABAD: Mistral Software, a CMMi level 3 appraised product realisation company, inaugurated its new design centre in Hyderabad on Tuesday and announced plans for an investment of about Rs. 8-10 crore in the new centre. According to Mistral ...

Cubex Tubings bags NTPC order
HYDERABAD: Cubex Tubings has announced that it has received an order of Rs. 8 crore from the National Thermal Power Corporation (NTPC) for seamless solid drawn condenser tubes. This contract was awarded under global competitive bidding. The ...

AstraZeneca to split stock in 1:5 ratio
CHENNAI: AstraZeneca Pharma India has approved a stock split in the ratio of 1:5. The board, at its meeting held on Tuesday, approved the splitting of shares of Rs. 10 each into to five shares of Rs. 2 each. ...

Titan takes stake in Innoviti
BANGALORE: Titan Industries (through its affiliates) has taken an equity stake in Innoviti Embedded Solutions, a start-up in the consumer wireless products space. "Through this relationship, Titan Industries will be enhancing its technology ...

MindTree joins WiMAX Forum
BANGALORE: MindTree Consulting, an international IT and R&D services company, on Tuesday announced that it has joined the WiMAX Forum, an international, industry-led, non-profit corporation formed to promote and certify the conformance and ...

Vijaya Bank raises PLR, deposit rates
BANGALORE: Vijaya Bank has effected upward revision in interest rates on domestic term deposits and FCNR (B) deposits and housing loan and benchmark prime lending rate. The interest rates on domestic term deposits of maturity of three years and ...

Max New York opens office
MANGALORE: Max New York Life Insurance Company has opened an office in Mangalore on Monday, its 60th in the country. Addressing a press conference here Executive Director-Agency, Bancassurance and direct sales distribution, Rajesh Sud, said the ...

MTNL ties up with Novell
NEW DELHI: Mahanagar Telephone Nigam Limited (MTNL) has tied up with Novell to provide training on Linux solutions, a non-proprietary software that allows users to improve on them by disclosing most of the source code. MTNL will offer basic ...

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