The Hindu : Business News : Wednesday, August 18, 2004

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Wednesday, August 18, 2004

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Private investors set to buy Intelsat for $5 billion
WASHINGTON, AUG. 17. America's oldest satellite company Intelsat today said it was being purchased by a group of private investors for $5 billion in cash and the assumption of debt. The deal, completed today in Bermuda, marks a big transition ...

VSNL to get Rs. 786 crores
MUMBAI, AUG. 17. Internet gateway and service provider Videsh Sanchar Nigam Ltd (VSNL) is likely to receive around Rs. 786 crores ($169 million) from the sale of its 5.42 per cent stake in U.S. satellite company, Intelsat Ltd. The sale would ...

Birlas file for probate of 1982 `mutual Will'
KOLKATA, AUG. 17. The battle for the property of late Madho Prasad Birla intensified today with a probate application being filed for a "mutual and concurrent Will made out by M. P. Birla and his wife, late Priyamavada Birla, in ...

Oil imports up 62 p.c. at $9.9 billion in April-July
NEW DELHI, AUG. 17. Exports continued to surge this year with 18.8 per cent growth in July, bringing the overall increase since April to 25.5 per cent. This is considerably higher than the growth of 4.8 cent recorded April-July 2003-04. Imports ...

Other Stories

Maruti improves rank in JD Power study

Unorganised sector blamed for steel price hike

Market turns weak after early rally

Piracy eating into revenues, says Autodesk

Tracking vehicle movement

Rupee recovers

Barometer

Bullion rates

Exchange rates

Briefly
SBI's ATM on wheels in Goa
PANAJI, AUG 17.State Bank of India today launched its first mobile ATM — ATM on Wheels — in Goa. It has plans to launch five more such ATMs on a trial basis in different parts of the country. The Goa Chief Minister, Manohar ...

No trading in GTB scrip from August 27
MUMBAI, AUG. 17. Trading in Global Trust Bank (GTB) scrip will be suspended from August 27. GTB has merged with Oriental Bank of Commerce (OBC) last week. OBC has set August 31, as the record date to determine shareholders of the erstwhile GTB. ...

IOB opens ATMs
COIMBATORE: The Indian Overseas Bank has opened ATM counters at its Race Course branch premises, Kongunadu College of Arts and Science extension counter and the Peelamedu branch. A release from the bank said that e-see banking (Internet banking) ...

Training on knitwear production
COIMBATORE: The Small Industries' Service Institute will conduct a one-month training programme on knitwear production at the South India Hosiery Manufacturers' Association premises in Tirupur from August 30. A release from the association said ...

SBI plan for self-help groups
COIMBATORE: State Bank of India plans to provide credit linkage to nearly 2,000 self-help groups (SHGs) in the district during this financial year, according to its Deputy General Manager, Kalyana Krishnan. He was speaking at a seminar conducted ...

60 p.c. dividend from BHEL
TIRUCHI: Bharat Heavy Electricals Ltd. (BHEL), has proposed an all time high dividend of 60 per cent for 2003-04 against 40 per cent in the previous year. The dividend includes an interim of 30 per cent paid earlier. With this, the company has ...

World Phone ties up with Rediff.com
NEW DELHI: Internet services provider, World Phone Internet Services Pvt. Ltd., on Tuesday announced its strategic tie-up with India's leading portal, Rediff.com, for making its popular VoIP international calling card — World Phone Premium ...

Other Stories

United India partners Indian Bank

Bank of Baroda pact with M&M

1:1 bonus from Helios & Matheson

Dabur Foods' Siliguri unit on stream

Workshop on maintenance of CNC machines

Softsmith Infotech gets ISO 9001:2000

Manpower expands Bangalore division

United India partners Indian Bank

Logitech's exchange offer

TVS Motor pact with Andhra Bank

Mobile currency counters

AP State Corporation's project approvals

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