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Thursday, October 01, 2009
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Sensex surges 273 points to close above 17000
Anticipation of strong earnings by corporates for the second quarter triggers buying across banking and auto counters
Bharti Airtel calls off merger talks with MTN
Breather for commodity exchanges
NEW DELHI: The Union Commerce and Industry Ministry on Wednesday set March 21, 2010, deadline to commodity exchanges to fall in line with the foreign investment ceiling of 5 per cent for an individual investor within the cap of 49 per cent. ...
Tata Teleservices to use BSNL network of towers
NEW DELHI: Tata Teleservices Ltd. (TTSL) on Wednesday signed an infrastructure sharing agreement with Bharat Sanchar Nigam Ltd. that would help expand its reach nationally. The 15-year ‘Master services agreement for passive ...
EdServ to buy tuition portal
Acquisition will help company expand overseas presence
OVL-Hinduja venture loses out to CNPC
NEW DELHI: ONGC Videsh (OVL)-Hinduja group company Ashok Leyland Project Services joint venture has lost out to China National Petroleum Company (CNPC) to develop Iran’s South Azadegan oilfield. The joint venture was touted to get ...
HCC ties up with AMEC of U.K.
NEW DELHI: Hindustan Construction Company has tied up with the U.K.-based AMEC to jointly provide consultancy for the execution of nuclear power plants in the country. It is eyeing revenues up to Rs. 5,000 crore annually. The company has ...
RCom partners Microsoft for mobile solutions
NEW DELHI: Anil Ambani-led Reliance Communications has partnered Microsoft for offering Windows Mobile solutions on its wireless networks. According to the agreement, Microsoft will offer Windows Mobile solutions to RCom customers, including ...
Volvo inaugurates Global Command Centre
BANGALORE: Volvo India has inaugurated here its new Global Command Centre, which monitors computer systems from IT locations in different countries. Head of Volvo IT India, Satish Rajkumar, said the centre would help consolidate specialist IT ...
LVB cuts interest rates for 1-3 year deposits
CHENNAI: Lakshmi Vilas Bank has reduced the interest rate on 1-2 year deposits to 7 per cent from 7.50 per cent and on 2-3 years to 7.75 per cent from 8 per cent with effect from October 1. For senior citizens, additional interest rate of 0.75 ...
NFCL revamp leads to more production
HYDERABAD: A Rs.200-crore revamp under taken up by Nagarjuna Fertilisers and Chemicals has increased its production capacity from 11.95 lakh tonnes per annum to 15.66 lakh tonnes. According to a company release, apart from de-congestion for ...
Rakesh Vaid new President of GEA
NEW DELHI: Garment Exporters Association (GEA) will have a new head. The Chairman of the Apparel Export Promotion Council (AEPC), Rakesh Vaid, has taken over as the President of the Association for 2009-10. Mr. Vaid takes over from G. ...
Patni appoints Vijay Mehra as Executive VP
MUMBAI: Patni Computer Systems on Wednesday appointed Vijay Mehra as Executive Vice-President and head of business verticals. He would define and boost the company’s micro-verticals strategy, structure, systems and skills, the company ...
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