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Wednesday, January 17, 2007
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BUSINESS
No immediate cut in output: OPEC
India invites foreign firms to invest in the country's expanding energy sector

M&M-ITEC joint venture to invest Rs. 2,500 crore
The commercial vehicle venture will leverage M&M's extensive dealer network

ADB to raise $1 b rupee loans to fund state projects
Plans to raise loan approvals further to $2.45 billion

TCS Q3 revenue crosses $1 b
Net moves up 10 p.c.; better pricing and cost efficiency push up margins

Other Stories



Barometer


Briefly
SEBI cancels BOI MF's registration
MUMBAI: The Securities and Exchange Board of India on Tuesday cancelled the registration of BOI Mutual Fund and withdrew the approval granted to BOI Asset Management Co. Ltd. to act as the asset management company. This follows a request from ...

Guidelines on lending to priority sector
MUMBAI: The Reserve Bank of India on Tuesday once again placed revised draft guidelines on lending to the priority sector on its website ( www.rbi.org.in ) for additional feedback, if any. Views and comments on ...

SC stays order on Tata Power's plea
NEW DELHI: The Supreme Court on Tuesday stayed till January 31 an order of the Appellate Tribunal for Electricity asking Tata Power Company to refund about Rs. 451 crore to Reliance Energy paid as standby charges. ...

MCX starts 16 new contracts
MUMBAI: Multi Commodity Exchange of India on Tuesday launched 16 new contracts to be delivered between March and May. The contracts include arecanut, black pepper, cardamom, crude oil, groundnut oil, all for May delivery. ...

Tata Steel to acquire Rawmet Ferrous
MUMBAI: Tata Steel on Tuesday announced that it would be acquiring 100 per cent equity stake in Kolkata-based Rawmet Ferrous Industries at an enterprise value of Rs. 101 crore. ...

Rajesh Exports launches retail stores
BANGALORE: Leading gold jewellery manufacturer, Rajesh Exports, on Tuesday announced the nationwide launch of its own retail jewellery stores. Called Laabh Jewellers, 30 new stores were unveiled in 23 cities by the company. "The launch of Laabh ...

Hydro S&S' Pune facility
CHENNAI: Hydro S & S Industries, a producer of specialised reinforced polypropylene compounds, is setting up a manufacturing facility in Pune. The facility will initially have an annual capacity of 6,000 tonnes. It will, however, have flexible .

Salem Steel signs pact with Dasturco
SALEM: The Salem Steel Plant (SSP) has signed an agreement with M.N. Dastur & Company (P) Ltd., Kolkata, (Dasturco), appointing the latter as the consultant-cum-project manager for the expansion projects of the plant envisaged at an indicative .

PayPal opens centre in Chennai
CHENNAI: : PayPal, an online global payment company, will open a new development centre in Chennai, according to Raj Sundaresan, Vice President and General Manager (Global Product Development). Mr. Sundaresan said in a release that the centre ...

Tata Motors launches stretch limousine
CHENNAI: : Tata Motors has introduced the longwheel base `Indigo XL,' a stretch limousine. With a wheelbase of 2,650 mm — extended by 200 mm over the current sedan — the Indigo XL increases internal space and creates legroom, says a ...

Technocraft IPO to open on January 18
CHENNAI: : Technocraft Industries (India) Ltd. is entering the capital market with a public issue of 83.2 lakh equity shares of Rs. 10 each, through a 100 per cent book building process. The issue opens on January 18 and closes on January 23. Out ...




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