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Saturday, April 21, 2007

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Wipro IT business crosses $3 b mark
Group reports 42 p.c. rise in PAT at Rs. 2,942 cr. in 2006-07

Exporters told to probe new markets
Food parks will be set up to encourage farm exports

Samsung launches new LCD TVs
To produce LCD TVs from its Chennai facility

Satyam net up at Rs. 1,405 cr.
Proposes 125 p.c. final dividend

Big jump in India Cements net profit at Rs. 453 cr.
Higher price realisation and reduction in power cost enabled the company to achieve a higher gross margin

Rupee gains 31 paise
Derives support from dollar sales by exporters

Sensex up 278 points
MUMBAI: A strong rally in refinery and metal sectors boosted the market on Friday. The Sensex surged by a whopping 278 points on hectic buying interest prompted by impressive Q4 results by IT majors, Satyam Computers and Wipro. Shares of the ...


Inflation rate again crosses 6 p.c.
NEW DELHI: Increase in prices of vegetables and some other items saw the inflation rate crossing the six per cent mark in the first week of this month. The Wholesale Price Index (WPI)-based inflation rate touched 6.09 per cent for the week ended ...

Forex reserves up $2.772 b
MUMBAI: India's forex reserves increased by $2.772 billion to $203.092 billion during the week ended April 13.

Tata Tele gets reprieve from TDSAT
NEW DELHI: The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) on Friday refrained the Department of Telecommunications from taking any coercive steps against Tata Teleservices for recovering Rs. 102 crore as spectrum charges. ...

IFC sells Federal Bank shares
MUMBAI: The International Finance Corporation (IFC), the investment arm of the World Bank, has offloaded Rs. 45 crore worth shares of Kerala-based Federal Bank in open market transactions. ...

Kingfisher to set up MRO centre
NEW DELHI: Kingfisher Airlines is holding talks with an Abu Dhabi-based engineering firm to start a private maintenance, repair and overhaul (MRO) facility, the airline promoter Vijay Mallya said here on Friday. ...

MALCO board approves Rs. 175 cr. expansion
CHENNAI: Madras Aluminium Company has reported a revenue of Rs. 403 crore and a net profit of Rs. 135 crore in the nine months ended March 31, 2007. The board also approved a brownfield expansion project at a cost of Rs.175 crore to increase the ...

Tata Teleservices' new roaming plan
CHENNAI: : Tata Teleservices has announced `Business Gold Plan,' a new roaming intensive tariff plan focusing on customers who have high roaming usage. The package is open for both new and existing customers. The plan, with a monthly rental of ...

BankMuscat to buy stake in Mangal Keshav
CHENNAI: : BankMuscat SAOG, Oman will acquire 43 per cent stake in the holding company of the Mangal Keshav Group. The latter is a member of BSE, NSE and MCDX. With this acquisition, BankMuscat has become the first bank from across the Gulf ...

ICICI Bank deploys enStage solution
CHENNAI: enStage, a provider of e-commerce security solutions and electronic card security products in India, has announced the deployment of its Accosa 3-D secure solution by ICICI Bank. The bank's Visa cardholders are now assured that their ...

NextVIEW signs up with Tickerplant
CHENNAI: NextVIEW, a Singapore-based leading pan-Asian financial information vendor, has entered into a partnership with Tickerplant Infovending Ltd. (Tickerplant), a Financial Technologies (FT) group company, to offer real-time Indian equities ...

`Zed Digital India' launched
CHENNAI: : ZenithOptimedia, a media services agency, has announced the launch of Zed Digital India, its full service interactive and digital unit. The applications cover a vast range of services from online media, search engine and email ...

Viteos Fund offers solution to SeaCrest
BANGALORE: Viteos Fund Services, a Bangalore-based global hedge fund operations service provider, announced that SeaCrest Investment Management LLC, a New York-based institutional investment firm, has selected it to deliver a fully outsourced ...

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