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Friday, February 08, 2008
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Finance Minister exudes confidence
Union Finance Minister P. Chidambaram on Thursday expressed ‘some disappointment’ at the lower than anticipated economic growth projections by the Central Statistical Organisation (CSO), but exuded confidence ...
GDP to grow at 8.7 p.c.
Sluggish agricultural and industrial output to impact
ArcelorMittal forms venture with two firms
NEW DELHI: ArcelorMittal Stainless and Nickel Alloys, a wholly-owned subsidiary of ArcelorMittal, on Thursday announced a tripartite joint venture with Germany’s Auerhammer Metallwerk and India’s Shivalik Bimetal Controls to set up ...
Health plan from Reliance Life
The unit linked plan offers cover for the entire family
Wockhardt Hospitals withdraws IPO
MUMBAI: Wockhardt Hospitals on Thursday decided not to proceed with the initial public offering (IPO).“The decision not to proceed with the IPO was made in light of continued global and domestic market volatility and poor market ...
NTPC, Bharat Forge to set up JV
NEW DELHI: NTPC on Thursday signed an MoU with Bharat Forge to set up a manufacturing unit for components for power plants at an investment of Rs. 3,000 crore. The joint venture will manufacture castings and forgings for power plants, NTPC ...
Tata Chem to offload part stake
MUMBAI: Tata Chemicals on Thursday said it had proposed a sale of part of its stake in Tata Investment Corporation to Tata Sons for up to Rs. 325 crore. The proposed date of sale is on or after February 13. ...
Sistema to invest $5 b in India
NEW DELHI: Russian conglomerate Sistema will invest up to $5 billion in the fast growing telecom sector in India in the next three years to create a world-class telecom network across the country, according to a top official of the company. ...
ONGC signs MoU with Norwegian gas major
NEW DELHI: Oil and Natural Gas Corporation on Thursday signed a landmark memorandum of understanding with Norwegian oil and gas major StatoilHydro ASA to develop projects on CO2 capture and sequestration, clean development mechanism and other ...
BSE to suspend trading in 22 cos.
MUMBAI: The Bombay Stock Exchange on Thursday said it would suspend trading in shares of 22 companies, including Bollywood film production house, K C Bokadia Films Ltd, for non-compliance of the Listing Agreement. ...
Corporation Bank reduces lending rate
MANGALORE: Corporation Bank has slashed lending rates by 25 basis points on advances to small enterprises, including micro enterprises. It has also reduced the lending rates by 50 basis points on Corp Laghu Udyami and Corp Consumer and Corp ...
Nalco enhances interim dividend
CHENNAI: The board of National Aluminium Company (Nalco) has decided by circular resolution to enhance the payment of interim dividend from 40 per cent (as announced earlier) to 45 per cent for the financial year 2007-08. — Corporate ...
SAIL hands over dividend cheque
CHENNAI: Steel Authority of India has paid Rs. 673.49 crore as interim dividend to the Central Government for 2007-08. The cheque for the amount was handed over to the Union Minister for Chemicals and Fertilisers and Steel, Ram Vilas Paswan, ...
Indu Projects bags Mahagenco’s order
HYDERABAD: Indu Projects, a Hyderabad-based infrastructure and real estate developer with operations across the country, has bagged a Rs. 505-crore civil and structural works contract of Maharashtra’s power generation company ...
Camson Bio Tech lists on BSE
CHENNAI: Camson Bio Technologies, a leader in hybrid seeds, bio-fertilisers and bio-pesticides, has now been listed on the Bombay Stock Exchange. Until now it had been listed on the regional stock exchanges, says a ...
Vijay Shanthi’s new projects
CHENNAI: Vijay Shanthi Builders has launched five new residential projects across Chennai targeting the mid-segment. The projects are located at Kelambakkam, Sriperumbudur, Madhavaram, Thaiyur and Ambattur. Addressing a press conference here ...
Workshop on software testing
CHENNAI: Computer Society of India, Chennai Chapter, and IEEE Computer Society, Madras Chapter, are jointly organising a one-day workshop on software testing at Chennai on February 22. Enquiries: S. Ramasamy at phone: 044-28291987, 0 98400 ...
5G bags Udyog Shiromani award
CHENNAI: The Chennai-based engineering software product company 5G - Fifth Generation Technologies India Ltd, has bagged the “Udyog Shiromani award” and a gold medal for excellence in quality, management and innovation from the ...
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