Online edition of India's National Newspaper
Saturday, April 22, 2006
Online edition of India's National Newspaper Saturday, April 22, 2006 |
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News Update
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Differential tariffs for commercial cable users? TRAI seeks comments from stakeholders on or before May 12 
Decision on AI, Indian going public soonService tax on business class to be taken up with FM 
Marginal decline in SensexMUMBAI: The Bombay Stock Exchange key index, which moved up to 12000 in the previous trading session, closed flat on Friday after moving to extremes in a range of 242 points, but was still bullish. The 30-share Sensex, which spurted to a peak ... 
Kinetic launches BlazeThis is the first in a line of seven `Italiano' scooters Other Stories
Barometer Briefly Inflation falls further NEW DELHI: Inflation fell for the second consecutive week to 3.24 per cent for the week ended April 8 from 3.51 per cent in the previous week mainly due to cheaper food items, including vegetables and wheat. ... CENVAT credit refund procedure simplified NEW DELHI: The Finance Ministry has announced, through a circular dated April 20, 2006, a simplified procedure for sanction of refund/rebate of unused CENVAT credit for exporters following a suggestion made by the Economic Advisory Council to the ... Additional margin in silver contracts MUMBAI: 3 per cent additional margin on members taking long open positions for all types of futures silver contracts. The additional margin will be effective from April 22. ... Sundaram Clayton pays second interim CHENNAI: Sundaram Clayton has announced a second interim dividend of Rs. 6 per share for the year ended March 31, 2006. The company has reported a net profit of Rs. 80.82 crore in 2005-06 against Rs. 53.41 crore. Net sales were Rs. 627.94 crore ... IOB hikes interest rates on NRE term deposits CHENNAI: Indian Overseas Bank has made upward revision of interest rates on NRE term deposits by 30 basis points with effect from April 19 for the maturity period of one year to less than five years. According to a release The revised rate is ... KVB increases NRE term deposit rates CHENNAI: Karur Vysya Bank has increased the interest rate on NRE term deposit by 30 basis points to 6.30 per cent across all slabs effective from April 19. ... Kulkarni Developers to tap market CHENNAI: D. S. Kulkarni Developers Ltd (DSKDL) is entering the capital market with a follow-on public issue of 55 lakh equity shares of Rs. 10 each for cash at a price to be determined by book building process. The issue will be open from April ... Exide recommends 30 p.c. dividend CHENNAI: Exide Industries has reported an increase of 19 per cent in sales to Rs. 1,761 crore and 30 per cent rise in net profit to Rs. 100 crore during the financial year ended March 31, 2006. The directors have recommended a dividend of 30 per ... Indian Hotels expands presence in Gujarat CHENNAI: The Indian Hotels Company Limited has extended its presence in Gujarat by entering into a management contract for the former 132-key Hotel Holiday Inn in Surat. This sole 5-star hotel in South Gujarat has now been renamed Gateway Hotel ... GHCL net profit up 36 p.c. CHENNAI: GHCL has reported a net profit of Rs. 28 crore for the quarter ended March 31, 2006, against Rs. 20.60 crore in the corresponding period in the previous year, a growth of 36 per cent. Net sales have risen to Rs. 175 crore from Rs. 150 ... Inducted into Laser Soft board CHENNAI: Umesh Nath Kapur has been inducted into the board of Laser Soft Infosystems Ltd., a software company in Chennai. He has several years of experience in the banking industry. He is at present on the board of Canara Bank. He was on the ... Ramesh Hande to head Adecco staffing division CHENNAI: Adecco Peopleone, a leading employment service company in India, has appointed Ramesh Hande to head its temporary staffing division. He was earlier with Hutchison Essar South as head of sales and marketing of the Andhra Pradesh circle. ... Four banks raise deposit rates KOCHI: Lord Krishna Bank has increased interest rates on NRE and FCNR deposits across all maturities effective April 19. For one year and above but below two years, the rate is 6.30 per cent. Interest rates for both two years and three years and ... Kerala Textile Corporation records profit THIRUVANANTHAPURAM: Kerala State Textile Corporation recorded a net profit of Rs. 2.78 crore in 2005-06. The company closed the previous year with a net loss of Rs. 2.31 crore, says a release. The operating profit was Rs. 6.10 crore and the cash ... Castrol sales and profit up CHENNAI: Castrol India has reported a turnover of Rs. 375.70 crore for the year ended March 31, 2006, against Rs. 319.70 crore in 2004-05. The operating profit has increased by 8 per cent to Rs. 50 crore from Rs. 46.40 crore and the profit after ... Indian Hotels expands presence in Gujarat CHENNAI: The Indian Hotels Company Limited has extended its presence in Gujarat by entering into a management contract for the former 132-key Hotel Holiday Inn in Surat. This sole 5-star hotel in South Gujarat has now been renamed Gateway Hotel ... Attracting more tourists NEW DELHI: In its bid to attract more travel trade traffic from India, the Sri Lanka Tourist Board (SLTB) will be organising interactive business sessions with the Indian travel and trade fraternity in Delhi, Mumbai, Hyderabad and Bangalore. The ... Oracle receives global certification BANGALORE: Oracle has received global certification under the new JD Power and Associates Certified Technology Service and Support Program for its worldwide support business, encompassing 17 hubs on five continents. The recognition of Oracle's ... Other Stories
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