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Tuesday, June 06, 2006
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Chambers outline blueprint for India, Bangla ties
Task forces make recommendations on six areas

BILT acquires Malaysian firm
To double capacity to one million tonnes; the agreement is subject to approvals

TRAI paper on DTH licensing regime
Responses invited by June 26

Westpac to sign MoU with Stanchart
The MoU will facilitate both to become partner banks

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Barometer


Briefly
RCoVL to raise $1 b through GDR, ADR
MUMBAI: Anil Ambani Group company Reliance Communication Ventures Ltd. on Monday said it would raise up to $1 billion through its Sponsored Global Depository Receipts and American Depository Receipts programme. ...

Servion pact with ClickFox of the U.S.
CHENNAI: Servion Global Solutions has announced its strategic alliance with ClickFox of the U.S. According to a release, the alliance will enable Servion to market, sell and provide professional services for ClickFox's suite of customer behaviour ...

Sify acquires Globe Travels
CHENNAI: Sify Limited announced on Monday the acquisition of Globe Travels of the U.S. The acquisition marks Sify's entry into the fast growing online travel business, particularly e-ticketing, the category with the highest revenues and fastest ...

Glenmark signs royalty deal
MUMBAI: Glenmark Pharmaceuticals Inc (GPI) has signed a $27 million royalty deal with the international healthcare investment fund, Paul Capital Partners' Royalty Fund, to finance the development of 16 dermatological products by the pharma major ...

FIM picks up stake in Indiabulls Buildcon
MUMBAI: Indiabulls Financial Services Limited on Monday said the foreign institutional investor, FIM Limited, has bought a 36 per cent stake in Indiabulls Buildcon Limited (IBL) for Rs. 15 crore. ...

Raw Jute futures trading re-starts
KOLKATA: Futures trading of raw jute at the East India Jute and Hessian Exchange here restarted on Monday more than 40 years after futures trading in commodities was banned in 1964. ...

Patni Computer buys ZAiQ Tech
MUMBAI: Patni Computer Systems on Monday said it had acquired ZAiQ Technologies, a small ASIC design company in Woburn MA, in an asset purchase transaction for $425,000. ...

UTI Bank opens branch
COIMBATORE: UTI Bank has opened a branch on Mysore Trunk Road, Sathyamangalam. According to the President of the bank, R. K. Niyogi, the bank has a network of 357 branches, 95 extension counters and 1,913 ATMs across the country. The bank's ...

SIMA to organise Texspares expo
COIMBATORE: The Southern India Mills' Association will organise Texspares 2006, an exhibition of textile machinery spares, from July 27 to 31. According to a release from the association, the expo will have a number of new overseas textile ...

Suryajyoti completes expansion programme
CHENNAI: Suryajyoti Spinning Mills said it had completed a Rs. 28 crore expansion programme for manufacture of value-added yarns and modernisation of its existing capacities at Makthal, Andhra Pradesh. The company has added 7,056 spindles at its ...

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