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Thursday, November 24, 2005
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IRDA to come out with norms for ULIP soon
Minimum percentage of premium and minimum lock-in period favoured Minimum percentage of premium and lock-in period favoured

Tata BlueScope Steel to invest Rs. 1,200 cr.
To manufacture flat products; each partner to invest Rs. 600 cr.

CUMI forays into bio-ceramics
To partner Cerdak of South Africa

Tyre shortage hits CIL
Tender for tyres floated by Coal India evokes poor response

Other Stories



Barometer


Briefly
Rs. 1 crore penalty on Luminant Investment
MUMBAI: The Securities and Exchange Board of India has imposed a penalty of Rs. 1 crore on Luminant Investment Pvt. Ltd. (LIL) for failure to furnish information to the Investigating Officer in the matter of irrational price movements in shares ...

Bharti refund to subscribers
NEW DELHI: Complying with a directive from the Telecom Regulatory Authority of India, Bharti Televentures, which operates Airtel mobile services, has refunded Rs. 32.73 crore from subscribers for migrating to the revised tariff plans. ...

BankAm's global treasury services
NEW DELHI: Bank of America on Wednesday launched `Global Treasury Services' in India to provide cash management and trade finance facilities mainly to corporate clients. Senior Vice President of the bank, Richard P. Linebaugh, said the bank ...

Russian oil to flow into India next year
NEW DELHI: India will receive its first shipment of oil from Russia's Sakhalin-I fields, where it is investing more than $2.7-billion, from the second quarter of 2006. The Sakhalin-I fields, where ONGC Videsh Ltd. has 20 per cent stake, began ...

Rs. 4,044 cr. FDI likely in mineral sector
NEW DELHI: The Union Government on Wednesday said it was expecting more than Rs. 4,044 crore foreign direct investment in the field of mineral prospecting, exploration and mining. The Foreign Investment Promotion Board has so far approved 73 FDI ...

Compulink initial public offer on November 25
BANGALORE: The Pune-based software products and services provider Compulink Systems Ltd, will hit the capital market on November 25 with an initial public offer of 45.38 lakh equity shares. The offer consists of a equity issue of 35.38 lakh ...

Seminar on `Acquisitions of U.S. companies'
CHENNAI: The Indo-American Chamber of Commerce, Chennai, is conducting a seminar on `Acquisitions of U.S. companies — a strategic route to enter the U.S. market' on November 28. The objective of the event is to give a good understanding on ...

SBI Caps agreement with Doha Bank
CHENNAI: SBI Capital Markets (SBI Caps) has signed a memorandum of understanding with Doha Bank, Qatar to provide project finance and advisory services in Qatar jointly with Doha Bank. According to a release, the alliance will give SBI Caps ...

LVB increases NRE deposit rates
CHENNAI: Lakshmi Vilas Bank has hiked the interest rates on NRE deposits with effect from November 18. According to a release, the interest rate has been hiked by 30 basis points to 5.60 per cent for one-two years and by 20 basis points to 5.60 ...

KVB raises NRE term deposit rates
CHENNAI: Karur Vysya Bank has increased the interest rates on NRE term deposits. For one year and above but less than two years, the interest rate has been raised to 5.55 per cent from 5.30 per cent; for two years and above but less than three ...

Andhra Bank gets DP registration
CHENNAI: Andhra Bank has received registration as a depository participant of CDSL along with Pumarth Credit and Capital, an Indore-based stock broker, and Touchstone Capital Market Services Pvt. Ltd, a stock broker from ...

NDTV begins telecasts in U.S. and U.K.
CHENNAI: India's number one English news channel, NDTV 24x7 is now available to viewers in the U.K. through a distribution partnership with the U.K.'s largest digital television service provider SKY TV. NDTV 24x7 will also be available to viewers ...




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