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Friday, November 16, 2007
GE Energy buys stake in Sayi Power
NEW DELHI: GE Energy Financial Services on Thursday said it had acquired about 26 per cent stake in Sayi Power Energy Ltd, a majority shareholder of power project developer KSK Power Venture Plc, for an undisclosed amount. ...
No change in tariff value
NEW DELHI: The Union Government has kept unchanged the base price or the tariff value for levying customs duties on palm and soyabean oils for the next ...
Karvy to divest stake
HYDERABAD: Karvy, a leading integrated financial services enterprises, announced here on Thursday that it was divesting 25 per cent of the Karvy Stock Broking Ltd (KSBL) for “about Rs. 500 crore.” The stake would be picked up by ...
L&T consortium bags SAIL contract
MUMBAI: Larsen and Toubro in association with Italy-based Paul Wurth on Thursday bagged a Rs. 581-crore contract from the Steel Authority of India for upgradation of a blast furnace at the Bokaro Steel Plant. ...
BoB to raise Rs. 2,000 cr.
NEW DELHI: Bank of Baroda (BoB) on Thursday said it would raise Rs. 2,000 crore in the last quarter of this fiscal to meet Basel II norms and credit requirement. The bank also announced an increase in interest rates on term deposits by 25-50 ...
Fed pumps $47.25 b into banking system
WASHINGTON: The Federal Reserve on Thursday injected $47.25 billion into U.S. money markets to help ease tight liquidity, the central bank said. The U.S. central bank buys billions of dollars worth of securities from major banks, pumping extra ...
TCS wins $200 m contract in Mexico
MUMBAI: Tata Consultancy Services (TCS) has won a four-year contract valued at over $200 million with the Social Security Institute of Mexico (IMSS). TCS will provide end-to-end IT services, including application maintenance and support, ...
Pantaloon to hive off sports business
MUMBAI: Kishore Biyani-led Pantaloon Retail on Thursday said it would spin off its sports business into a new entity, Planet Sports Retail. The company would segregate its fashion and sports business operating through a joint venture — ...
Air Arabia orders 49 Airbus 320s
NEW DELHI: Air Arabia, the first and largest low-cost carrier in West Asia and North Africa, has signed an agreement with the Airbus Industrie for the purchase of 49 A-320 single aisle passenger jets. The deal, worth $3.5 billion, will help ...
Thapars unveil new corporate identity
NEW DELHI: The Gautam Thapar-led group of companies on Thursday unveiled its new group corporate identity. The group with presence in more than six diverse business verticals globally is now renamed as the Avantha Group. The new logo was ...
New open-end equity fund from Franklin
MUMBAI: Franklin Templeton Investments (India) is launching Franklin Asian Equity Fund (FAEF), a new open-end equity fund. The fund invests in companies in the Asian region (except Japan) and Asia-related companies across market capitalisation ...
MRF launches new range of car radials
CHENNAI: MRF has launched a new range of passenger car radials — MRF ZSLK. This is a high-end, premium tubeless car radial tyre which is environment friendly as it reduces the rolling resistance and results in lower fuel consumption, ...
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