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Wednesday, September 28, 2005
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No manipulation of stock market: Chidambaram
`Speculation a part of stock market activity, follow co. track record'

Sensex hits new peak
Heavy buying by institutions

CLB hearing The Chatterjee Group case
`WBIDC had no right to dilute its shareholding in Haldia Petrochemicals'

Settlement for KICL bond holders
The company is in the process of business restructuring

VIP's new identity
New plant at Haridwar will be operational by March 2006

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Barometer


Briefly
Rs. 50 cr. capital for health insurance
NEW DELHI: Insurance Regulatory and Development Authority has recommended Rs. 50 crore capital requirement for standalone health insurance companies, IRDA Chairman, C. S. Rao, said here on the sidelines of a pension ...

Core sector growth slides
NEW DELHI: Infrastructure growth slid to 5.7 per cent in August from 6.3 per cent in the same month in 2004, mainly due to sharp 16.1 per cent slump in crude oil production. Cumulative growth during April-August also declined to 5.1 per cent ...

WellPoint to buy WellChoice
INDIANAPOLIS: WellPoint, the largest U.S. health insurer, announced an agreement on Tuesday to buy WellChoice Inc., an insurer with about five million customers in New York and New Jersey, for about $6.5 billion (euro5.4 billion) in cash and ...

Motorola to sell low cost handsets
AMSTERDAM: Motorola will sell more than six million mobile phones for less than $30 each in a new programme to bring cheap handsets to developing markets, industry body the GSM Association said on ...

Nasscom certification Programme
CHENNAI: Aimed at taking India's ITES-BPO sector to the next level Nasscom and QAI (a leading quality consultancy in India) have announced the nationwide launch of "Certification programmes for Building Frontline Managers" for the ITeS-BPO ...

Kanishk Steel commissions sponge iron plant
CHENNAI: Kanishk Steel Industries has set up a coal-based plant in Tamil Nadu for producing sponge iron with an investment of Rs. 24.50 crore. The plant, located at Gummidipoondi in Thiruvalluvar district, will have a capacity of 200 tonnes ...

NIIT Technologies pact with Chinese firm
CHENNAI: NIIT Technologies has tied up with Powerise IT, a Beijing-headquartered software company, to address jointly the emerging software market. The MoU was formally signed by the senior leaders of NIIT and Powerise. Speaking on the occasion, ...

CEI achieves CMMI Level 5
CHENNAI: Computer Enterprises Inc (CEI) has been assessed at maturity level 5 of the Carnegie Mellon University Software Engineering Institute's capability maturity model integration (SEI CMMI) version 1.1. Conducted by Trimentus Technologies, ...

Henkel bags safety innovation award
CHENNAI: Henkel India has bagged the safety innovation award from the Institute of Engineers (India) for the initiatives taken in introducing concepts, awareness and working culture in the field of occupational safety and health. The suitability ...

K. Indran to head BHEL Power Sector (SR)
CHENNAI: K. Indran, hitherto Head/ of Technical Services and Spares Business Group, Bharat Heavy Electricals Limited (BHEL), Power Sector, New Delhi, has taken over as Head, BHEL, Power Sector (Southern Region), Chennai. The Southern Region is ...

Karur KCP Packagings gets $1.1 million order
CHENNAI: Karur KCP Packagings has bagged additional export orders for a value of $1.13 million from Europe and U.S. based customers. The company has said that exports of its FIBC products during the current year up to September 25 have almost ...

Hanil Era bags Rs. 30 crore export order
CHENNAI: Hanil Era Textiles, a 100 per cent export-oriented unit based out of Patalganga in Maharashtra and the largest acrylic yarn exporter in the country, has bagged a large export order worth Rs. 30 crore. The order has to be completed by the ...

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