The Hindu : Thursday, March 18, 2004

Online edition of India's National Newspaper
Thursday, March 18, 2004

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GSK, Burroughs Wellcome share swap at 14:10
MUMBAI, MARCH 17.The much-awaited merger of Burroughs Wellcome India Ltd. (BWIL) with GlaxoSmithKline Pharmaceuticals Ltd (GSK) today got the approval today of the boards of both entities with a swap ratio of 14:10 shares. "We were looking ...

TRAI's final recommendations on broadband, Internet soon
NEW DELHI, MARCH 17. The Telecom Regulatory Authority of India (TRAI) indicated on Wednesday that it would issue within a fortnight the final recommendations to encourage broadband and Internet growth in India. Addressing a seminar on ...

ICICI Bank's total exposure at Rs. 100,155 crores
MUMBAI, MARCH 17.ICICI Bank's total exposure was pegged at Rs. 100,155 crores with the largest borrower group accounting for 5.2 per cent of the bank's total exposure and 57.3 per cent of total capital funds as on December 31, 2003. The ten ...

Exim Bank to expedite line of credit to Africa
NEW DELHI, MARCH 17.The Export and Import Bank of India (Exim Bank) will shortly be expediting the extension of line of credit to the tune of $2.2 billion to some of the African countries as part of India's recent commitment to promote and ...

Other Stories

Rupee steady

Erratic trend in equities

Qualcomm plans India centre

Markets asked to adopt STP by July

Microsoft aims to double Windows language versions

Mensamind launches mensablog.com

HP sells Linux desktops in Asia

Barometer

Stock Market Index

Bullion rates

Exchange rates

Briefly
Reliance Info's initiatives
MUMBAI, MARCH 17.Reliance Infocomm will roll out its broadband initiative in the next 12-24 months and is scouting for partners for digital distribution of the content. "We are in the intensive testing process and in the preliminary stage, we ...

BSNL pact with Microsoft
KOLKATA, MARCH 17.Bharat Sanchar Nigam Limited (BSNL) would shortly sign Memoranda of Understanding with Korea Telecom and Microsoft for rolling out broadband services under the National Internet Backbone phase two project in the country, its ...

New ED for SEBI
MUMBAI, MARCH 17.P. K. Mishra has assumed charge as executive director of Securities and Exchange Board of India from March 15. Prior to this assignment, Mr. Mishra was the chief general manager of Reserve Bank of India's Department of Banking ...

Fed rate unchanged
WASHINGTON, MARCH 17.The Federal Reserve, keeping a close eye on the unfolding economic recovery, held a main short-term interest rate at a 45-year low on Tuesday. The Fed Chairman, Alan Greenspan, and his colleagues left the federal funds ...

BankAm's job cut plan
NEW YORK, MARCH 17.Bank of America Corp. plans to cut as many as 13,000 jobs as it completes its $47 billion acquisition of FleetBoston Financial Corp., according to a newspaper report. The cuts will coincide with the expected completion of ...

Bank's efforts to improve customer service
CHENNAI: Indian Bank has constituted a committee to study the existing procedures related to customer service and come out with a new simplified system to improve the interface with the clients. General Manager, V. Srinivasan, will head the ...

Executive Ship launches maritime institute
MUMBAI: The Singapore-based ship management company, Executive Ship Management Pte Ltd. (ESM), has opened an institute of maritime studies in Mumbai to provide maritime training to seafarers. Set up at an investment of $2 million, the Samudra ...

HP launches mobile e-service bazaar
NEW DELHI, MARCH 17. Global IT major, Hewlett Packard, on Wednesday launched its mobile e-service bazaar, an initiative of incubating wireless technology applications, in three cities in the country — Bangalore, Mumbai and Delhi. The Bazaar ...

Hinduja TMT declares 50 p.c. interim
CHENNAI: The board of Hinduja TMT has declared a 50 per cent interim dividend for the current financial year ending March 31, 2004. After reviewing the operations and profitability for eleven months, the board on Wednesday decided to pay an ...

Berger board approves stock split
CHENNAI: Berger Paints India has informed the Bombay Stock Exchange that the board resolved, subject to the approval of the shareholders of the company in the EGM to be held on April 19, to subdivide the authorised and paid up face value of ...

GM to increase staff
BANGALORE: General Motors will hire between 150 and 200 people this year for its software development centre at the International Technology Park here, a company spokesman said on Wednesday. In November last, GM announced it had set up an R & D ...

TIEBU expects Rs. 500 cr. revenues
BANGALORE: Tata Indicom Enterprise Business Unit (TIEBU), Tata Group's umbrella telecom enterprise, had earned Rs. 475 crores from some 500 customers, since its inception a year ago, a company official told reporters here on Monday. Sandeep ...

Craigmore to enter menswear segment
KOCHI: The Bangalore-based Craigmore Textiles is to enter the menswear segment soon. According to Ram, Managing Director, the company, which manufactures `Swiss Embroideries', has already launched ready-to-stitch ethnic wear `This is me' in the ...

Vallarpadam SEZ to give a boost to exports
KOCHI: The Development Commissioner of Cochin Special Economic Zone, Paul Antony, has said that the proposed Vallarpadam special economic zone would give a boost to exports from Kerala. He was delivering a valedictory address at the two weeks ...

Satyam partners Actuate Corporation
HYDERABAD: Satyam Computer Services has signed a regional partnership with Actuate Corporation, a leader in enterprise reporting applications, under the Actuate Asia Pacific Partner Programme. According to a press release issued here on ...

J & K Bank to revive 2 branches in PoK
NEW DELHI: Jammu and Kashmir Bank proposes to approach the Reserve Bank of India (RBI) for reviving the long-suspended operations of its two branches in Pakistan-occupied Kashmir in view of the improving Indo-Pak ties. It also has plans to open a ...

BenQ launches camera phone
NEW DELHI: BenQ, the fourth largest mobile phone manufacturer worldwide, on Wednesday launched its new camera phone — S670C — taking the company's handset portfolio in the Indian market to eight models. The sleek flip phone is ...

Bharti selects Tekelec's signalling system
NEW DELHI: Tekelec, a leading developer of telecom switching and signalling solutions for fixed, mobile, and next-generation networks, on Wednesday announced that Bharti Tele-Ventures Ltd. (BTVL) has purchased the "Eagle 5 SAS" to enhance its ...

Andhra Bank, Bajaj Auto sign MoU
HYDERABAD: Andhra Bank and Bajaj Auto have signed a memorandum of understanding (MoU) for a strategic tie-up for financing of Bajaj 2-wheelers being purchased by rural farmers under a scheme called `Bajaj Kisan Chakra'. B. K. Senapati, Regional ...

Satyam partners Actuate Corporation
HYDERABAD: Satyam Computer Services has signed a regional partnership with Actuate Corporation, a leader in enterprise reporting applications, under the Actuate Asia Pacific Partner Programme. According to a press release issued here on ...

UTI Bank opens two branches
HYDERABAD: The Charminar and Kukatpally branches of UTI Bank were inaugurated by the bank's Chairman and Managing Director, P. J. Nayak here on Wednesday. Mr. Nayak said on the occasion that this marks the bank's efforts towards extensive ...

Other Stories

IFA's Hyderabad sub-chapter

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