Online edition of India's National Newspaper
Tuesday, December 04, 2007
SEZs: land ceiling may be raised
Choice for farmers to become stakeholders
UAE firm to invest $5 b in realty sector
Forms joint venture with Trimex Group
‘Tata Steel will never go for hostile takeovers’
KOLKATA: A day after the company acquired a 35 per cent stake in an overseas coal company, Tata Steel Managing Director, B. Muthuraman, said that Tata Steel would never go for hostile takeovers. Speaking at a session on ‘Building ...
Exports rise 21 per cent in April-Oct. in dollar terms
Skoda to set up steam turbine plant in Hyderabad
HYDERABAD: Skoda Holdings will be setting up a plant to manufacture steam turbines for power plants up to a capacity of 150 MW here in about two years. The company has already purchased land for developing the facility. “We want to ...
Govt. Securities Act comes into force
MUMBAI: The Central Government has notified December 1 as the appointed date on which the Government Securities Act, 2006, will come into force. The Government Securities Regulations, 2007, will also come into effect from the same ...
BGR Energy issue opens on Dec. 5
To raise Rs. 438 crore from initial public offer
eClerx to tap market
Fixes price band at Rs. 270-315
ABB to invest $100 m more in India
BANGALORE: ABB, the international power systems major, will invest an additional $100 million in India and increase its headcount from the present 6,000 to 10,000 over the next two to three years, Group Chairman, Hubertus von Grunberg, told ...
Rating norms for corporate bonds eased
MUMBAI: The Securities and Exchange Board of India on Monday amended its Disclosure and Investor Protection guidelines by simplifying the rating requirements of corporate bonds. For public and rights issues of debt instruments, issuers will ...
IFFCO ties-up with JPMC
NEW DELHI: IFFCO has entered into a joint venture agreement with Jordan Phosphates Mines Company (JPMC) to set up phosphoric acid plant in the middle-east nation at an investment of $570 million. IFFCO will hold 52 per cent equity, while the ...
Bank of Rajasthan’s preferential issue
MUMBAI: Bank of Rajasthan on Monday said it would raise Rs. 166.75 crore through the preferential issue of equity shares to U.S.-based Indus Capital Partners and New Delhi-based Max India Ltd. ...
Tata sells 5,000 mini trucks in Sri Lanka
COLOMBO: Tata Motors on Monday said it had sold 5,000 vehicles of its Tata Ace mini-truck in Sri Lanka. Sri Lanka was the first country outside India where the Tata Ace was launched after successfully competing domestically with the prevalent ...
Union Bank opens office in Abu Dhabi
MUMBAI: Union Bank of India opened its representative office in Abu Dhabi and the first one in GCC countires. The office was inaugurated by Pawan Kumar Bansal, Minister of State for Finance. ...
Reliance Energy shares surge
MUMBAI: Reliance Energy on Monday surged as much as 9.3 per cent to Rs. 1,900.15 on the Bombay Stock Exchange after it received board approval for Rs. 8,000-crore capital infusion. The scrip opened firm at Rs. 1,808.90 and witnessed an ...
Pfizer considers outsourcing
HOUSTON: Pfizer, a U.S.-based pharmaceutical giant, is looking to cut costs by outsourcing as much as 30 per cent of its manufacturing to facilities in Asia, particularly in India and China. New York-based Pfizer now outsources about 15 per ...
Nasdaq opens office in Beijing
BEIJING: Nasdaq opened an office in Beijing on Monday, a move that will let it step up efforts to attract more Chinese firms to list on the exchange. The Nasdaq Stock Market Inc. said that having an office would also enable it to forge deeper ...
RR Donnelley’s outsourcing facility in Chennai
CHENNAI: RR Donnelley and Sons Company on Monday announced the opening of its 55,000 sq. ft. global outsourcing facility in Chennai. With this the company expects to add a number of professionals to its global workforce of 65,000, says a ...
Victor Co. in marketing tieup with Fedders
NEW DELHI: Fedders Lloyd Corporation and Victor Company of Japan (JVC) on Monday inked a tie-up to invest $30 million to push sales of JVC products in the Indian consumer electronics market. The tieup is JVC’s presence and enhance its ...
Phoenix to buy 60 p.c. stake in United Malls
MUMBAI: Phoenix Mills has announced its intention to acquire a majority equity stake of over 60 per cent in Big Apple Real Estate Pvt. Lid., (Big Apple), the owners of the United Malls brand. The stake is being acquired through the swap of ...
D-Link opens new R & D centre
BANGALORE: D-Link India, the networking company, inaugurated on Saturday its new R & D Centre at Electronic City, Bangalore. Prof. N. Balakrishnan, Associate Director, Indian Institute of Science, K. R. Naik, D. Link’s Executive ...
Sun TV’s FM Radio Station in Puducherry
CHENNAI: Sun TV Network has announced the launch of FM Radio Station in Puducherry under the brand ‘S FM’ from December 4 through its subsidiary Kal Radio Ltd. This station can be heard at 93.5 MHz frequency in Puducherry, ...
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