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Tata-Corus deal: a sign of confident corporate India
A reflection of the consolidation in the global economy

Samvat 2062 ends on a weak note
MUMBAI: With the forthcoming expiry of derivatives contract casting a shadow on the stock markets, the Samvat 2062 concluded on a weak note on Friday with the benchmark Sensex closing 14 points down, despite enthusiasm over Reliance Industry's ...

Satyam net up 29 p.c.
Revises revenue guidance upwards

NIIT Tech Q2 net profit at Rs. 27 cr.
IT solutions business contributed 94 p.c.

Other Stories



Barometer


Briefly
Posco, Nippon Steel to increase stakes
SEOUL: South Korea's Posco and Japan's Nippon Steel Corp. on Friday expanded their capital alliance, saying they will increase their cross-shareholdings amid consolidation in the global steel industry. Nippon Steel will buy a 2 per cent stake in ...

Inflation rate unchanged
NEW DELHI: The inflation rate remained unchanged at the previous week's level of 5.16 per cent for the week ended October 7, despite increase in prices of basic essentials like pulses, atta, sooji, maida, edible oils and ...

Forex reserves decline
MUMBAI: India's forex reserves declined by $324 million to $164.951 billion during the week ended October 13 as against $165.275 billion during the week ended October 6. ...

Wall Street Finance gets dealer-II licence
MUMBAI: Wall Street Finance has been upgraded to the status of authorised dealer-II by the Reserve Bank of India. The licence enables the company to approach large market which was earlier restricted only to banks. The company will now be able to ...

Hyundai announces `festive price' for Sonata
CHENNAI: : Hyundai motor India has announced a `festive price offer' on its Sonata model. The offer starts at Rs. 12.45 lakh (ex-showroom, Delhi) and there is also a Rs. 20,000 exchange offer, with an added incentive of a `gift amount' for Rs. ...

Quintegra announces employee stock option
CHENNAI: The Chennai based Quintegra Solutions, a global IT services and consulting company, has announced stock option scheme for its employees. The directors have granted options aggregating 5.13 lakh equity shares at an exercise price of Rs. ...

Patel Engineering bags two projects
CHENNAI: Patel Engineering has bagged two railway projects worth Rs. 176 crore. From Rail Vikas Nigam, New Delhi. The company has recently acquired a controlling stake in Michigan Engineers Pvt. Ltd, a Mumbai based urban infrastructure company, ...

EFI to acquire Jetrion LLC
CHENNAI: : EFI, a printing technology and print management solutions provider, has announced that it has signed an agreement to acquire the privately held Jetrion LLC, a subsidiary of Flint Group, for $40 million in cash. Jetrion was an innovator ...

Lanco group's project achieves financial closure
CHENNAI: : The Lanco group-promoted 1,015 MW Nagarjuna power project in Mangalore, Karnataka, has achieved financial closure. According to a release, the coal-fired thermal project, which would cost Rs. 4,342 crore, was being funded jointly ...




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