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Thursday, May 17, 2007
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United Spirits buys Whyte & Mackay
ICICI Bank, Citibank to fund the £595 m acquisition

A host of work areas in grip of stress: survey
Construction, hospitals, media affected

Anantara gets $6.5 m funding
Announces the launch of Nextgen Sourcing

Retail payments: MPs' panel wants consensus
Bank unions against setting up of National Payments Corpn.

Reduction of cover under ULIP allowed
CHENNAI: The Insurance Regulatory and Development Authority (IRDA) has allowed reduction in sum assured under unit-linked life insurance policies in case the customers' insurance needs are reduced Issuing several clarifications on Wednesday on ...

Bharat Pumps' revamp plan in place
NEW DELHI: The Union Heavy Industries Minister, Santosh Mohan Dev, and Petroleum and Natural Gas Minister, Murli Deora, on Wednesday announced that a revival package for Bharat Pumps and Compressors Limited (BPCL) had been approved by the ...

Royal Sundaram premium income up 30 p.c.
CHENNAI: Royal Sundaram Alliance Insurance Company Limited has reported a 168 per cent growth in profit before tax for the year ended March 2007 at Rs.27.18 crore, up from Rs. 10.16 crore in the preceding year. This performance, based on a 30 ...

Bank shares in limelight
MUMBAI: The Bombay Stock Exchange benchmark Sensex closed above 14000 mark at 14127.31 on Wednesday after a gap of eight sessions on late buying support and was up by 198 points, led by a sharp rally in banking shares and firm Asian cues. The Lok ...

Other Stories



Barometer


Briefly
No service tax on entry, exit load
CHENNAI T: he Union Finance Ministry has clarified that entry and exit load charges levied by mutual funds do not attract service tax under the category of fund management service. ...

OECD to explore membership for India
NEW DELHI: Recognising its growing importance in the world economy, the grouping of developed nations OECD on Wednesday decided to reach out to India and explore the possibility of making it a member, along with China, Indonesia, South Africa ...

RBI buys $27 b forex in 2006-07
MUMBAI: The Reserve Bank of India bought foreign currencies worth Rs. 1,19,000 crore ($26.82 billion) in 2006-07, a near three-fold rise from the previous year, to check the strengthening rupee in the wake of strong capital inflows, according to ...

Abhijit Sen panel gets extension
NEW DELHI: The Union Government has extended by two months the term of the Abhijit Sen committee appointed to look into the impact of futures trading on farm commodity prices, a Consumer Affairs Ministry official ...

B C Khatua is new FMC Chairman
NEW DELHI: The Government has appointed B. C. Khatua as the new Chairman of the Forward Markets Commission (FMC) in the place of S. Sundareshan, who joined the Petroleum Ministry as Additional ...

Invensys to invest $20 m in Hyderabad
HYDERABAD: Invensys, a technology and automation solutions provider, will invest $20 million in its Hyderabad development centre in 2008. Invensys launched its India operations in 2002. Head of global development and senior vice-president of the ...

Toyota launches Corolla Limited Edition, 2007
BANGALORE: Toyota Kirloskar Motor has launched the 2007 Limited Edition of its Corolla. "We are targeting the limited edition at the younger generation climbing up the social ladder'' said Toyota Kirloskar's Managhing Director, A. Toyoshima. The ...

Dalmia Cement (Bharat) net profit up
TIRUCHI: Dalmia Cement (Bharat) Ltd. has reported a 170 per cent growth in its net profit at Rs. 228.93 crore for the year ended March 2007 against Rs. 84.85 crore in the corresponding period in the previous year. Consolidated revenues have ...

Senior appointments
CHENNAI: The following senior appointments have been announced by the companies concerned: Brent Gosling has been appointed Chief Strategic Officer-Unilever Brands, by Lowe India; Makrand Karanjikar has taken over as Chief Technology Officer of ...




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