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Eicher, Volvo finalise venture
The Swedish auto major will pump in Rs. 1,082 crore in the project

Li & Fung looking at retail sector
NEW DELHI: Chinese conglomerate Li & Fung Group on Monday indicated that it was observing India’s logistics and retail sectors to expand its presence in the country. “We will look at India for innovative designs and ...

Organised retailing benefits farmers — study
There is no evidence of a decline in overall employment in the unorganised sector

Amara Raja launches two-wheeler batteries
CHENNAI: Amara Raja Batteries announced its entry into the two-wheeler battery segment on Monday with the launch of Amaron Pro Bike Rider two-wheeler batteries, powered by VRLA (valve regulated lead acid) technology from Johnson Controls of ...

Leyland, Nissan joint ventures become legal entities
CHENNAI: Ashok Leyland, the flagship company of the Hindujas, and Nissan Motor Company of Japan have announced a stepped up aggregate investment of $575 million into three joint ventures that they have planned to set up in India. When ...

Dhamra Port on schedule
First phase to cost Rs. 2,463 crore

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Barometer


Briefly
SBI raises interest rates on fixed deposits
MUMBAI: State Bank of India on Monday raised the interest rates on fixed deposits. The rates, which will come into effect from June 1, will be raised by half a percentage point to 9 per cent for deposits of duration 5-10 years. It is already ...

BHEL proposes venture in Egypt
NEW DELHI: Bharat Heavy Electricals Ltd. has proposed the setting up of a joint venture in Egypt for manufacturing utility and industrial boilers. The project would entail an investment of $250 million in association with an Egyptian company. ...

IBM opens new centre in Pune
NEW DELHI: IBM on Monday inaugurated a new ‘Global Delivery Centre’ (GDC) in Pune that will provide business consulting and application services to its clients worldwide. Located in the Hinjewadi Information Technology Park, the ...

Air Arabia to link Dhaka, Sharjah
NEW DELHI: Air Arabia, the largest low-cost carrier in the Middle East, has announced its plans to launch service to Dhaka from Sharjah beginning June 8. Initially, flights will operate four times a week, an Air Arabia release said here on ...

Celebrity Fashions suspends operations
CHENNAI: Celebrity Fashions Ltd., a garment exporter, said that it had decided to suspend operations at its plant in Madras Export Processing Zone. The MEPZ plant was acquired in April 2006 from Ambattur Clothing Ltd. Low productivity, short ...

Sunil Mantri to develop Malaysia cyberport
MUMBAI: Sunil Mantri Realty signed an MoU with MSC Cyberport Sdn. Bhd to jointly collaborate in the development, construction, marketing and funding of Bandar MSC Cyberport, the first MCS Malaysia Cybercity in Kulai, Johor. — Corporate ...

GVK Bio partners Wyeth
HYDERABAD: GVK BIO on Monday that it had entered into a research agreement with Wyeth Pharmaceuticals, a division of the Wyeth group, to discover drug candidates focused on pre-defined discovery targets. GVK BIO would utilise in-house ...

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