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Saturday, November 18, 2006
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Market exposure: RBI's new norms
Draft seeks to link the ceiling to net worth

Maran seeks extension of tax holiday for IT industry
Dell centre in Gurgaon inaugurated

India, EU FTA talks in Dec.
`Issue of lowering of duties on wines from EU will be sorted out'

`FDI policy on SEs soon'
SEBI's initiatives have attracted record capital flows

Market snaps six-day gaining streak
MUMBAI: The Bombay Stock Exchange cut short a six-day-long winning streak on Friday and shed 76 points, adjusting to a downward correction to close at 13429.48. Domestic mutual funds and operators were believed to be heavy sellers amid a ...

Finolex to focus more on construction sector
The company is now implementing an expansion programme at its pipe manufacturing facility

Tata Precision to enter into aerospace sector
SINGAPORE: Tata Precision Industries Ltd. (TPI), based in Singapore, plans to make components for the aerospace industry. The company is into precision machining, tool design and manufacturing, plastic injection moulding and fine blanking and ...

Other Stories



Barometer


Briefly
Inflation rate rises to 5.3 p.c.
NEW DELHI: The inflation rate rose to 5.30 per cent for the week ended November 4, from 5.09 per cent in the previous week mainly owing to increase in the prices of food and manufactured items. ...

Forex reserves at record $168.284 b
MUMBAI: India's foreign exchange reserves rose to a record $168.284 billion as on November 10, from $167.116 billion a week earlier, the Reserve Bank of India (RBI) said in its weekly statistical supplement on Friday. ...

ADB reduces commitment fees
NEW DELHI: The Manila-based Asian Development Bank has reduced commitment fees for project loans, a key demand of India, as part of the series of enhancements it introduced in the LIBOR-based loan (LBL), ADB's main lending instrument. ...

Consultation paper on DLC market
CHENNAI: The Telecom Regulatory Authority of India (TRAI) on Friday issued a consultation paper on measures to enhance effective competition in the domestic leased circuits (DLC) market and invited responses by December 15, 2006. ...

Fidelity launches Fidelity Cash Fund
MUMBAI: Fidelity Fund Management Pvt. Ltd. launched Fidelity Cash Fund, an open ended liquid scheme, that aims to generate reasonable returns with lower volatility and higher liquidity through a portfolio of debt and money market instruments. ...

Stanley Works forays into India
CHENNAI: Stanley Works, a $4 billion global market leader of industrial and consumer tools, is entering the Indian market to address the demand for tools for both industrial and household applications. Donald R. McIlnay, Senior Vice-President ...

Hampson group opens new facility
BANGALORE: Hampson Industries, the U.K.-based, international precision engineering group, on Thursday inaugurated its state-of-the-art manufacturing facility in Bangalore. The facility was inaugurated by the Deputy British High Commissioner. The ...

Wipro Infotech bags Dena Bank contract
CHENNAI: Wipro Infotech has won a contract for providing IT outsourcing service to Dena Bank over a ten-year period. According to a release, the scope of the contract covers comprehensive applications and infrastructure provisioning and ...

Intelli Group's contract with GPIC
HYDERABAD: Intelligroup Inc., a consulting business optimisation and outsourcing company, has signed a $1.5 million contract with Gulf Petrochemical Industries Company (GPIC), in West Asia, for implementing the latest version of mySAP ERP 2005 ...

Syed Shahabuddin takes over as MD of SBI MF
CHENNAI: Syed Shahabuddin has taken over as Managing Director and Chief Executive Officer of SBI Mutual Fund with effect from November. He has over 35 years of experience in the banking sector, according to a ...




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