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Saturday, June 17, 2006
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Gates to give up day-to-day role
To retain chairmanship and also concentrate more on Foundation activities

Plan to attract Japanese investment
Focus on SEZs and SMEs proposed

IOC seeks Kuwaiti stake in Panipat
Keen to invest in new refinery and gas cracker project in Kuwait

Volvo introduces new generation trucks
Investment by parent company in the models has been around euro 300 m

Motorola to raise R&D investment
`India needs to move to more advanced technology'

Steel institute likely to take builders in its fold
Offtake likely to reach 110 mt by 2015

Sensex gains another 339 points
MUMBAI: A strong global rally coupled with increased retail participation propelled the stock market higher for the second straight day, as the benchmark Sensex gained another 339 points to close at 9884.51. Euphoric conditions were evident ...

Rupee shoots up
MUMBAI: The rupee on Friday closed sharply higher against the U.S. dollar at 45.84/85 a dollar on heavy dollar selling along with a steep rally in stock prices. However, the rupee movement during the early part of trading was range-bound due ...

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Barometer


Briefly
Inflation rate up at 4.72 p.c.
NEW DELHI: The inflation rate rose to 4.72 per cent during the week ended June 3 from 4.68 per cent in the previous week owing to higher prices of fruits, vegetables and some manufactured products. The inflation rate stood at 4.39 per cent during ...

TRAI paper on roaming revenue share
NEW DELHI: The Telecom Regulatory Authority of India on Friday released a consultation paper on admissibility of revenue share between Visiting Network and Terminating Network for roaming calls. ...

Hyundai to raise prices
NEW DELHI: Impacted by increasing input and freight costs, Hyundai Motor India on Friday announced its decision to hike prices from June end on all models of its cars, while Maruti Udyog Ltd said a decision would be taken after its plants reopen ...

CEAT increases prices
NEW DELHI: Tyre major CEAT has increased the prices of its products across various categories by 2-10 per cent citing increasing input costs. ...

Aban Loyd to acquire stake in Norwegian Co
MUMBAI: Aban Loyd Chiles Offshore Ltd (ALCO) on Friday said its Singapore subsidiary would acquire 33.76 per cent stake in Norway-based Sinvest ASA. The transaction is based on an equity value of about $1,320 million for Sinvest and an enterprise ...

Paramount enters premium menswear garments
COIMBATORE: The Madurai-based Paramount Fabrics India, a technical textile subsidiary of Paramount Textile Mills, has entered into manufacturing of premium menswear garments made of bamboo fibre. According to a release, the new range will be ...

Sakthi Auto buys 52 p.c. stake in Bonomi
MUMBAI: Sakthi Sugars on Friday said its subsidiary, Sakthi Auto Component Ltd (SACL), has acquired 51.83 per cent stake in the Coimbatore-based Bonomi Belgium Ventiel India, which is engaged in the manufacture of industrial valves. As a result, ...

Glenmark arm buys S.African co's seven products
MUMBAI: Glenmark Pharmaceuticals on Friday said its subsidiary Bouwer-Bartlett (Pty) Ltd., has acquired seven products from South Africa-based P. D. Pharmaceuticals Pty Ltd for an undisclosed amount. The brands collectively are expected to ...

Calsoft-Microsoft Windows partner programme
CHENNAI: California Software Company (Calsoft) has joined Microsoft's Windows embedded partner programme to expand Windows embedded software development services and solutions to original equipment manufacturers (OEMs) under its wholly owned ...

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