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Scope for reducing lending rates, says Subbarao
Public investment needs to be kept going

Sony introduces new series of Bravia LCD range
Company decides to phase out cathode ray tube televisions

Microsoft to launch Windows 7 by year-end
Lines up other products including Azure services platform and VSTS 2010

TCS bags contract from Volkswagen
NEW DELHI: Tata Consultancy Services on Wednesday said it had bagged a five-year contract from Volkswagen Group UK to deliver IT transformation and support services to the vehicle manufacturer. However, the company has not revealed the ...

Cess on natural gas suggested


Textile mills’ concern over cotton price
COIMBATORE: Textile mills here have expressed concern over the cotton price fluctuation in the domestic market. A release from the Confederation of Indian Textile Industry (CITI) said that with the Union Government increasing the ...

EU fines Intel $1.45 billion
BRUSSELS: The European Union on Wednesday fined Intel Corp. a record euro1.06 billion ($1.45 billion), saying the world’s biggest computer chip maker used illegal sales tactics to shut out smaller rival AMD. The fine exceeded a euro 899 ...

Other Stories



Barometer


Briefly
SBI cuts deposit rates by 50 basis points
MUMBAI: State Bank of India has cut its deposit rates across various maturities by up to 0.50 percentage (50 basis) points effective from May 18. This is the second time in this month that SBI is cutting its deposit rates. Earlier this month, ...

Fortinet launches FortiOS operating system
BANGALORE: Network security provider Fortinet of the U.S., specialising in unified threat management (UTM), launched here its FortiOS 4.0 operating system. Four of its features include application control, data leakage protection, WAN ...

Hinduja Global pays Rs. 15 per share dividend
CHENNAI: Hinduja Global Solutions (formerly HTMT Global Solutions), a leading provider of outsourcing solutions, has reported a 25.2 per cent rise in its consolidated revenues at Rs. 797.57 crore for the year ended March 31, 2009 against Rs. ...

Shriram Transport pays Rs. 4 per share final
CHENNAI: Shriram Transport Finance Company has reported a 50 per cent rise in its revenues at Rs. 3,692.43 crore for the year ended March 31, 2009 against Rs. 2,466.19 crore in the previous year. The profit after tax rose by 57 per cent to Rs. ...

New Pulsar variants from Bajaj Auto
CHENNAI: Bajaj Auto has introduced an exciting new 2009 Pulsar 150 DTS-i and 180 DTS-i with sportier styling in the premium segment. The Pulsar 180 DTS-i now comes with a more powerful engine and a 5-speed toe-gear shifter. Bajaj Pulsar 150 ...




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