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Tuesday, January 23, 2007
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IRDA to slash third party premium
Transporters call off strike

Berggruen to launch chain of budget hotels
Looking at marketing tie-ups with airlines, travel agents and retail outlets

TUFS may be extended
PM supports continuation of the scheme, says Kamal Nath

MUL Q3 net up
Absorbs losses of subsidiary MSAIL

`Lending rates likely to go up'
MUMBAI: IDBI Bank Chairman and Managing Director, V. P. Shetty, on Monday said that lending rates and deposit rates would go up further as markets compete for resources. While announcing the bank's third quarter financial results here, Mr. ...

Volatile trading on BSE
MUMBAI: Volatile trade ahead of the expiry of derivatives contract on January 25 kept the stock markets rolling and the benchmark BSE Sensex rose by over 26 points to close at 14209.24 points on Monday. Thursday being the last day of January ...

Tata Steel signs contracts for Orissa project
BHUBANESWAR: Tata Steel's proposed six million tonne steel project at Kalinga Nagar in Orissa got a boost on Monday with the company finalising contracts for main equipment worth Rs. 1,000 crore and placing orders, company sources here said. ...

ICL wipes out losses
Buoyancy in demand leads to spurt in sales

DRL revenue crosses $1 b
HYDERABAD: Dr. Reddy's Laboratories (DRL) has crossed a major milestone by reporting revenue in excess of $1 billion (Rs. 4,950 crore) by the end of the third quarter of the current financial year. In the process, the company has become second ...

Other Stories



Barometer


Briefly
Interim stay on BSNL GSM contract
NEW DELHI: The Delhi High Court on Monday extended till February 1 its interim stay on award of contract by BSNL for its Rs. 20,000-crore project to add 45 million lines in its GSM network. ...

Adlabs buys stake in Synergy Comm.
MUMBAI: Adlabs Films on Monday said it had acquired a controlling stake in Siddhartha Basu's Synergy Communications for an undisclosed amount. ...

Essar, Akrema may form JV
NEW DELHI: Essar Chemicals may form a joint venture with French chemical company Akrema to set up an acrylic acid production facility in Gujarat. The two companies have signed a Memorandum of Understanding to study the feasibility of forming a ...

NDTV enters Australia, New Zealand
NEW DELHI: NDTV on Monday entered into a distribution partnership with Vision Asia, through which its English news channel NDTV 24x7 would be available to viewers in Australia and New Zealand. With the tie-up, NDTV has expanded its presence to ...

Colgate third quarter net up 21 p.c.
CHENNAI: Colgate reported net sales of Rs. 322.30 crore for the third quarter ended December 31, 2006, an increase of 13 per cent over the same quarter of the previous year. The net profit was Rs. 50.4 crore, 21 per cent higher than the net ...

BSEL Infrastructure pays 21 p.c. interim
CHENNAI: BSEL Infrastructure Realty has declared an interim dividend of 21 per cent for 2006-07, the record date being February 7. For the quarter ended December 31, 2006, the company's net profit rose to Rs. 30.22 crore from Rs. 4.37 crore for ...

SRF Q3 net at Rs. 70 crore
CHENNAI: SRF has reported a 52 per cent rise in its revenues at Rs. 450.36 crore in the quarter ended December 31, 2006, against Rs. 296.27 crore in the corresponding quarter in the previous year. The profit after taxation went up to Rs. 70.11 ...

Sabre-Abraaj, IL&FS to invest in Ramky
HYDERABAD: Sabre-Abraaj Private Equity Fund I and IL&FS Investment Managers (IIML), two leading private equity firms, will invest Rs. 125 crore in Ramky Infrastructure Limited (RIL), the flagship company of Hyderabad-based Ramky Group. RIL had .

New deposit product from TMBL
TUTICORIN: Tamilnad Mercantile Bank Limited (TMBL) has introduced a new deposit product called `TMB 444 days deposit scheme' with effect from January 18. Under the scheme, the bank accepts deposits for 444 days and offers high rates of interest. ...

Deccan Plaza eyes Chennai, Coimbatore
CHENNAI: : Deccan's Park Ltd., the promoters of Hotel Days Inn, Deccan Plaza, here, is planning to open two new hotels. According to a release, one will be on IT High Road (Old Mahabalipuram Road), Chennai, and would have 66 rooms with a ...

Principal PNB launches Long Term Equity Fund
CHENNAI: Principal PNB Asset Management Company (in association with Vijaya Bank), announced its entry into the mid and small-cap segment with the launch of Principal PNB Long Term Equity Fund — 3-year plan-Series 1. It is a 3-year ...




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