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FDI up to 26 p.c. allowed in bourses
RBI imposes separate caps for FDI and FII

GM unveils Chevrolet Aveo U-VA
The base model is priced at Rs. 3.99 lakh (ex-showroom Delhi)

Indian Airlines, Air-India merger on track
Praful Patel releases Indian Airlines' 2007 calendar

GlobalLogic's plans
Develops JV model of partnering emerging software cos.

Sensex moves up further by 87 points
MUMBAI: The Sensex, rallied further by 87 points on Friday following firm Asian markets and sustained buying by domestic funds. Once again, buying activity intensified after midsession and select capital goods, cement, metal and refinery stocks ...

Co-branded card for truck operators
CHENNAI: Shriram Transport Finance Company Ltd (Shriram) in association with UTI Bank will be launching a co-branded credit card exclusively to small truck owners. Addressing a press conference here on Wednesday, P. J. Nayak, Chairman and ...

Vodafone mulls majority stake in Hutch
LONDON: Vodafone Group, the world's largest mobile phone company, said on Friday that it was considering taking a controlling interest in Hutchison Essar Ltd., raising the possibility of a bidding war for the Indian mobile phone operator. ...

Chennai to host rubber expo
CHENNAI: For the first time, Chennai will play host to an international conference and exhibition on rubber. India Rubber Expo 2007, organised jointly by the All-India Rubber Industries Association (AIRIA), CAPEXIL (Chemicals and Allied ...

PM to lay stone for IISCO project
KOLKATA: Prime Minister Manmohan Singh will lay the foundation for the Rs. 9,600 crore greenfield modernisation and expansion programme of IISCO Steel Plant (ISP) of Steel Authority of India Ltd (SAIL) at Burnpur in West Bengal on Sunday. ...

Other Stories


EU clears Tatas' move to acquire Corus
The European Commission on Friday approved Tata Steel's proposed acquisition of Anglo-Dutch steelmaker Corus. The Commission is expected to announce its decision on a rival bid for Corus by Brazilian steel firm CSN by February 5, 2007. ...

Inflation rate rises to 5.32 p.c.
The inflation rate rose to 5.32 per cent for the week ended December 9, from 5.16 per cent in the previous week mainly on account of increase in the prices of some food articles. ...

Notice to TRAI on cable price for hotels
The Federation of Hotel and Restaurant Associations of India (FHRAI) has challenged the Telecom Regulatory Authority of India's order, which differentiates certain class of hotels from ordinary cable TV consumers for the purpose of paying ...

Shriram to enter general insurance
Shriram Financial Services has teamed up again with South African insurer Sanlam to float a general insurance joint venture that would have Bank of Maharashtra as the third partner. Shriram Financial Services would hold 59 per cent stake in the ...

Tata MF signs agreement with Central Bank
CHENNAI: : Tata Mutual Fund has signed a marketing agreement with the Central Bank of India (CBI) for distributing its mutual funds nationally. The CBI will distribute Tata Mutual Fund's various schemes, through 300 of its branches. Ved Prakash ...

Recognition for Cognizant's Coimbatore centre
COIMBATORE: : The software development and delivery centre in Coimbatore of Cognizant, a leading Information Technology services provider, has been appraised at Maturity Level 5 of the latest version of 1.2 of Capability Maturity Model ...

SHCIL's scheme for students
MUMBAI: Stock Holding Corporation of India Ltd. (SHCIL) has announced a concessional scheme for students with an annual maintenance charge of Rs. 99 for maintaining demat accounts against the regular charges of Rs. 500. Announcing the scheme ...

National Bank of Dubai partners HDFC Bank
CHENNAI: National Bank of Dubai (NBD) has announced its partnership with HDFC Bank to help non-residents conduct their banking transactions in the UAE and in India, in a seamless and cost-efficient manner. Under the umbrella brand of NBD-HDFC ...

Tegic launches Tamil mobile text input software
CHENNAI: : Tegic Communications Inc., a wholly owned subsidiary of AOL LLC, announced the availability of version 7.4 of its `T9' text input software in Tamil. A demo and early release of the new, enhanced version of the software is available for ...

NRI fest from UTI Bank
MANGALORE: The local branch of UTI Bank is observing NRI Fest up to January 20, 2007. According to a press release from the bank here on Friday, the fest got under way on Wednesday and has been organised with a view to publicising the bouquet of ...

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