The Hindu : Business News : Tuesday, May 11, 2004

Online edition of India's National Newspaper
Tuesday, May 11, 2004

Business

News Update

News
Front Page
National
States:
• Tamil Nadu
• Andhra Pradesh
• Karnataka
• Kerala
• New Delhi
• Other States
International
Opinion
Business
Sport
Miscellaneous

Today's Headlines

Specials
In Focus
Photo Gallery
Events 2003

Features:

Life
Magazine
Literary Review

Metro Plus
Business

Education Plus

Open Page

Book Review
SciTech
Entertainment
Young World
Property Plus
Quest
Folio

Stocks
Quotes
SE Diary

Advts
Classifieds
Employment
Obituary

Archives
Yesterday's Issue
Datewise

Group Sites
The Hindu
Business Line
The Sportstar
Frontline
The Hindu eBooks

Home

Sensex dives 114 points on political uncertainty
MUMBAI, MAY 10. Political uncertainty haunted the financial markets with the conclusion of the final phase of voting for the three-week long election process today. While the Bombay Stock Exchange (BSE) 30-share sensitive index (Sensex) lost ...

Rupee breaches 45/$ in nervous trading
MUMBAI, MAY 10. Breaching the crucial 45 a dollar barrier, the rupee slumped to an over seven-week closing low of 45.04/06 a dollar today, as renewed political uncertainties and rising global crude oil prices fuelled hectic dollar demand amidst ...

VSNL to expand overseas operations
MUMBAI, MAY 10. Videsh Sanchar Nigam Ltd. (VSNL) has announced the expansion of its operations outside India through the recently formed International Business Group. The objective of this group will be to expand VSNL's service capability and ...

Reliance Clinical services for global markets
MUMBAI, MAY 10.Reliance Clinical Research Services (RCRS), a part of the Reliance Group of companies, is mandated to emerge as an India-based contract clinical research services organisation. RCRS is a component of the life sciences initiative of ...

Bharti to invest Rs. 200 cr.
NEW DELHI, MAY 10. Bharti Tele-Ventures has announced Rs. 200 crore investment over the next 18 months as a part of its expansion plans for the newly acquired Rajasthan telecom circle. The company plans to launch AirTel, India's leading mobile ...

Other Stories

TCS acquires Phoenix Global Solutions

IT firms back technology amid fears of privacy invasion

BankAm expands India outsourcing

Auto exports up 56 p.c.

Barometer

Stock Market Index

Briefly
Infosys partners ANB
BANGALORE, MAY 10: Infosys Technologies Ltd announced that it had partnered Arab National Bank (ANB), one of the top ten commercial bands in the Kingdom of Saudi Arabia. This is the fifth banking client for Finacle, the universal banking solution ...

Two banks go live on RTGS
MUMBAI, MAY 10. ING Vysya Bank and Canara Bank today went live on the Real Time Gross Settlement (RTGS) systems. ING Vysya settled its first payment with IDBI and ended the day with a total value of settlements exceeding Rs. 365 crores, the bank ...

Reliance MF's Index Fund
MUMBAI, MAY 10. Reliance Mutual Fund has filed a draft prospectus with the Securities and Exchange Board of India (SEBI) for its proposed index fund. The open-ended equity scheme with two plans — Nifty and Sensex — would endeavour to ...

Essel Propack's U.S. facility
MUMBAI, MAY 10.Essel Propack, the world's largest laminated tubes manufacturer, has commissioned a Caps & Closures manufacturing facility at Danville, U.S. This new strategic business unit has commenced commercial operations in the first quarter ...

Citigroup to settle WorldCom suit
NEW YORK, MAY 10. Citigroup on Monday said it would pay $2.65 billion to settle a class-action suit brought by holders of WorldCom securities who alleged that the bank had been a participant in the massive fraud at WorldCom through its dealings ...

SPIC package offer for tissue culture banana
COIMBATORE: SPIC is in the process of making a package offer to tissue culture banana farmers, to enable them to improve farm productivity. A release from SPIC Agro Biotech Centre said that cultivation through tissue culture banana was more ...

Training programme on technical call centre
COIMBATORE: The Small Industries Service Institute (SISI) will offer training programmes in IBM mainframe, technical call centre and embedded systems at its training centre here. A release from the SISI said that the courses would commence on May ...

Aftek's ticketing solution for Mauritius
CHENNAI: Aftek Infosys is implementing a ticketing solution for Mauritius transport companies and spot billing solutions for water and electricity authorities of Seychelles. All the major private transport companies of Mauritius will now use ...

Indian business team to visit Australia
CHENNAI: A 19-member business delegation under Indo-Australian Chamber of Commerce and led by its Director, C. Sarat Chandran, will be visiting Sydney, Melbourne and Perth from May 15 to 25. The delegation will hold trade talks and make ...

VIA Tech launches new chipset
NEW DELHI: Chip maker, VIA Technologies, on Monday launched a new chipset which would enhance the performance of advanced micro devices (AMD) 64 processor platform. ``The new chip set — VIA K8T800 — sets the standard for chipset ...

Cera Sanitaryware's plans
AHMEDABAD: The Ahmedabad-based Cera Sanitaryware Limited, which is planning to change its nomenclature to Cera Bathrooms Limited by next year, developing itself into a complete bathroom solution provider, launched a new set of combination of ...

BoM to focus on retail lending
NEW DELHI: Buoyed by ``overwhelming'' response to its recently concluded public offer, Bank of Maharashtra is keeping its options open on further market borrowings and will focus more on retail lending. ``If required (for business growth), we ...

German bank to implement Flexcube
BANGALORE: i-flex solutions, Bangalore, announced that DAB Bank AG of Germany will implement i-flex's universal banking solution Flexcube along with Flexcube@, its internet banking solution. DAB Bank is a 76.34 per cent subsidiary of HVB group, ...

Takes charge as Zonal Manager, LIC
HYDERABAD: Tapas Chattopadhyaya has taken charge as Zonal Manager, South Central Zone of Life Insurance Corporation (LIC). According to a release issued here on Thursday, Mr. Chattopadyaya was regional manager (estates and office services) ...

Ashok Leyland April sales up
CHENNAI: Ashok Leyland has doubled its total sales in April to 3,325 vehicles from 1,626 numbers in the same period in the previous year. Domestic MDV passenger sales were higher by 42 per cent at 532 vehicles while domestic MDV goods at 2,393 ...

Paradeep Carbon gets Nalco order
MUMBAI: Paradeep Carbon Ltd. (PCL), a 100 per cent subsidiary of Goa Carbon Ltd. (GCL), has won an annual order from National Aluminium Company (Nalco) to supply 30,000 tonnes of calcined petroleum coke (CPC) worth Rs. 36.90 crores. GCL is part ...

State Bank of Hyderabad pays 300 p.c.
HYDERABAD: State Bank of Hyderabad (SBH) has reported a 26.48 per cent rise in net profit at Rs. 381 crores for the year ended March 31, 2004, against Rs. 301 crores in the previous year. Total business also reached a record Rs. 37,157 crores, ...

Other Stories

Samsung launches wireless home theatre

Indroyal Furniture showroom

Revertex ties up with Malaysian firm

Alukkas jewellery enterprise at Thiruvalla