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BUSINESS
States asked to cut taxes on exports
Leather identified as one of the thrust sectors

Gateway buys 50.1 p.c. in Snowman Frozen Foods
Gains entry into organised cold chain logistics business

Sensex crosses 13700 mark
MUMBAI: The Bombay Stock Exchange benchmark, Sensex, breached the 13700-mark for the first time and ended at a new high of 13706.53 on Wednesday, driven by sustained foreign institutional inflows amid firm Asian advices. Continuing its record ...

Iron ore exports issue takes centrestage at mining show
International mining and machinery exhibition inaugurated

Other Stories



Barometer


Briefly
New instruments for UCBs proposed
MUMBAI: A Reserve Bank of India panel has proposed four new long-term instruments, including special shares with non-voting rights, for urban cooperative banks (UCBs) to enable them to augment their capital base. ...

Additional revenue share on roaming
NEW DELHI: Cellular operators on Wednesday agreed to continue paying additional revenue share on roaming calls to BSNL, pending a final decision by the Telecom Dispute Settlement and Appellate Tribunal on the issue. The Cellular Operators ...

CLSA picks up stake in ICICI Bank
MUMBAI: The Mauritius-based CLSA Merchant Bankers Limited on Wednesday acquired a 1.43 per cent stake in ICICI Bank for about Rs. 1,122 crore through open market transactions. ...

ICI to divest entire stake in Quest India
MUMBAI: ICI India will divest its entire stake in its wholly owned subsidiary Quest International India (Quest India), to Givaudan Group, a global player in flavours and fragrance business for up to Rs. 390 crore. ...

World Park Hotels on expansion mode
COIMBATORE: World Park Hotels, an upcoming hospitality management company in South India, is on expansion plans and will shortly come up with the concept of no frills budget class hotels in the sub metro cities of Tamil Nadu and Karnataka ...

Quintegra aims acquisitions in U.K. and U.S.
CHENNAI: Quintegra Solutions, is eyeing couple of acquisitions in the U.K. and in the U.S. According to a release, the company is also proposing to close its FCCB issue during this month, which would be used to fund the acquisition. According to ...

Megasoft signs deal with Teletalk Bangladesh
MUMBAI: Megasoft, a transnational Intellectual Property-driven, product-based technology company, has been chosen by Teletalk Bangladesh for a suite of mobile services. Megasoft's telecom division XIUS is a leading provider of specialised OSS amd ...

China Products (Mumbai India) Exhibition
CHENNAI: The fourth China Products (Mumbai India) Exhibition will be held between December 7 and 9 at the Grand Hyatt, Mumbai. The event is being organised by the China Council for the Promotion of International Trade along with Worldex India ...

Gulf Oil bags major works
HYDERABAD: Gulf Oil Corporation, a Hinduja group company engaged in lubricants, explosives and mining and infrastructure contracts, has secured mining projects worth Rs. 300 crore from Singareni Collieries Company Ltd. (Rs. 110 crore) and Coal ...

LSI Logic acquires Metta Technology
BANGALORE: LSI Logic Corporation has acquired Metta Technology Inc. for $7 million in cash. Metta Technology, a privately held company with principal offices in Pune, develops multimedia system-on-chip technology and related software for ...

CCS Infotech gets Linux certification
CHENNAI: CCS Infotech has obtained Linus certification from Red Hat Enterprise. Achieving this award, the company benefits regular updates that provide additional features and new hardware support, certified software and hardware applications, ...

JMD to invest Rs. 200 cr. for housing project in Faridabad
NEW DELHI: Real estate firm JMD plans to invest Rs. 200 crore in the next 2-3 years for developing a residential project in Faridabad. JMD, which operates in the NCR region, would make a foray into the Faridabad property market with this ...

PNB ties up with IDBI Capital
NEW DELHI: Punjab National Bank (PNB) on Wednesday tied up with IDBI Capital to provide advanced e-trading services to its customers. ``With this tie up, the bank will be able to provide comprehensive investment solutions to all their ...

Garware Offshore enters into MoU with Norway-based co.
MUMBAI: The Norway-based Havyard Leirvik AS has entered into a memorandum of understanding (MoU) with Garware Offshore Services for supply of vessels and Havyard designs to Indian shipping companies. The MoU would facilitate representation for ...

Air Deccan to connect seven more cities
PATHANKOTE (PUNJAB): Aiming to expand air connectivity on feeder routes, particularly those connecting small cities to a metropolis, Air Deccan will launch flights to seven new destinations soon. This initiative will help tap market ...

Shreyas Shipping to acquire container vessel
MUMBAI: In a bid to augment its fleet strength, Shreyas Shipping and Logistics has signed a memorandum of agreement (MoA) for purchase of fully cellular ship at a cost of Rs. 60 crore. In a filing on the Bombay Stock Exchange, the company said ...




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