Online edition of India's National Newspaper
Friday, July 15, 2005
Online edition of India's National Newspaper Friday, July 15, 2005 |
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Group insurance norms tightened IRDA imposes restrictions on corporate agents 
RBI to stick to projections despite global uncertaintiesCHENNAI: Reserve Bank of India Governor Y. V. Reddy on Thursday said global economic uncertainties had surpassed earlier estimates, but maintained that the apex bank would stick to the "basic projections'' till the review of the monetary policy. ... Deal with U.S. on social security tax unlikely NEW DELHI: Prospects of a social security tax avoidance pact for Indian IT professionals working in the U.S. during Prime Minister Manmohan Singh's forthcoming visit have hit a "big wall''. The U.S. is prepared to sign such agreements, called ... Sensex down 60 points MUMBAI: The Sensex suffered another sharp setback on Thursday after a promising start and ended 60 points down, dragged by fresh selling from Indian financial institutions as well as operators amid sustained purchases by foreign institutional ... Other Stories
Barometer Briefly DCB launches IPO financing MUMBAI: Development Credit Bank (DCB) on Thursday launched `IPO Financing,' a new product for the upcoming initial public offerings (IPOs) and also issues of listed companies. As a preliminary step, DCB will finance the public issue of IDFC that ... BEML looking for foreign partner BANGALORE: Bharat Earth Movers Limited (BEML) is working with about a dozen global partners to put on Indian roads long haul dumpers (50 tonnes to 250 tonnes) during the year. Disclosing this here to The Hindu group, the BEML Chairman and ... Fiat cuts Palio price NEW DELHI: Fiat India on Thursday slashed the price of its flagship model `Palio' by Rs. 22,000. The company said the price reduction would be across the three variants of the Palio with immediate effect. With this reduction, the top-end model ... SITRA laboratories inaugurated COIMBATORE: The Secretary, Union Ministry of Textiles, R. Poornalingam, recently inaugurated here the upgraded laboratories at the South India Textile Research Association (SITRA). A chemical testing and a chemical processing laboratory have been ... Contributions for textile institute COIMBATORE: The Powerloom Development and Export Promotion Council has donated Rs. 10 lakhs to the Sardar Vallabhbhai Patel Institute of Textile Management for construction of two class rooms. Former Chairman of the council, M. Senthil Kumar, ... Dr. Reddy's Lab launches immune booster CHENNAI: : Dr. Reddy's Lab, in collaboration with Symbiotics of New Zealand, has launched immune booster for children. The new life colostrums are available in a chewable form. Colostrum is a nutrient rich natural substance produced by all female ... Shri Lakshmi Cotsyn's expansion plan CHENNAI: The Kanpur based Shri Lakshmi Cotsyn Ltd. has announced its investment plan for entry into the denim and terry towel bed linens and cotton rich segment. The company will invest Rs. 264 crore in the next 12 months on its new project. The ... Emirates partners with InterContinental Hotels CHENNAI: Emirates Airline has signed an online partnership agreement with the InterContinental Hotels Group to offer online customers guaranteed best available Internet hotel rates. Emirates customers can go online at emirates.com and ... Funskool ties up with Cartoon Network CHENNAI: Funskool India has entered into an exclusive agreement with the kids' channel, Cartoon Network, to retail the Network's range of toys featuring the popular kindergarten trio, The Powerpuff Girls. The licence agreement is for an initial ... Goldstone Teleservices bags REB order HYDERABAD: Goldstone Teleservices Ltd., a major player in the manufacture and supply of polymer insulators for power utilities and railway traction applications, has bagged a Rs. 1.3 crore order from the Rajasthan Electricity Board for supply of ... Kitti Steels plans to become zero debt firm HYDERABAD: Kitti Steels Ltd., a company referred to the Bureau of Industrial and Financial Reconstruction and struggling to come back to normality, is planning to be a zero debt company with the help of investors in two years. A press release ... ICICI Bank enhances international presence NEW DELHI: ICICI Bank has enhanced its international presence by inaugurating its second branch in the U.K. in Leicester and its fourth branch in Canada, located at Gerrard Street in Toronto. Both countries represent a key platform for ICICI ... Garen K. Staglin appointed on EXL's board NEW DELHI: ExlService Holdings Inc., a leading third party business process outsourcing company, on Thursday announced the appointment of Garen K. Staglin as an independent director on EXL's board with effect from June 24. Mr. Staglin comes on ... Gecis acquires Creditek Corporation NEW DELHI: Gecis, formerly GE Capital International Services, has announced acquisition of Creditek Corporation, a leader in order-to-cash cycle and enterprise receivables management, based in Parsippany, New Jersey. It is Gecis' first ... MBT deploys Microsoft's customer care framework CHENNAI: : Mahindra British Telecom has started implementing Microsoft's customer care framework (CCF) at Nawras (Oman's new mobile communication service provider). MBT is working with Microsoft as a system integrator to deliver Microsoft CCF to ... Karnataka Bank introduces new facility MANGALORE: Karnataka Bank plans to introduce a new technology driven funds transfer facility called `money quick' under Real Time Gross Settlement (RTGS) System for customers with effect from July 15. According to a bank release, the bank has ... Aurobindo gets Canadian authorities' approval HYDERABAD: Aurobindo Pharma has received the certificate of compliance from the Canadian regulatory authority for Unit III for oral solid dosage forms and Unit VI for sterile and non-sterile cephalosporin dosage forms. Unit III located here is ... Madhucon bags NHAI project HYDERABAD: Madhucon Projects Ltd., has bagged the World Bank-funded National Highway Authority of India (NHAI) project, estimated to cost Rs. 318.77 crore, on NH- 28 in Bihar. The firm was recently awarded a Rs. 273.80-crore project on NH-37 in ... Emirates partners InterContinental Hotels CHENNAI: Emirates Airline has signed an online partnership agreement with the InterContinental Hotels Group to offer online customers guaranteed best available Internet hotel rates. Emirates customers can go online at emirates.com and book ... 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