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BUSINESS
Nomura to buy Lehman’s India operations
Likely to retain nearly 2,000 strong workforce

Citi for termination of Wells-Wachovia deal
WASHINGTON: U.S. banking giant Citigroup said on Friday that a Wells Fargo deal to buy rival Wachovia is a ‘breach’ of Citi’s exclusive acquisition rights. “Wachovia’s agreement to a transaction with Wells ...

RIL set to begin test run at new refinery


HM introduces SUV Outlander
The car, priced at Rs. 20 lakh, will be assembled at the Chennai plant

Trade ties with Ethiopia to be strengthened
NEW DELHI: Union Minister of State for Commerce and Power Jairam Ramesh will be heading a high-level trade delegation on a two-day trip to Ethiopia from October 6 aimed at strengthening trade ties with the African nation. Important bilateral ...

‘Smart’ touch phone from Nokia
Set for India release by year end

Allahabad Bank in pact with Universal Sompo
KOLKATA: Allahabad Bank on Friday signed a distribution agreement with Universal Sompo General Insurance Co. Ltd (USGICL) for selling its insurance products from November 1. USGICL was floated as a joint venture by Allahabad Bank by ...

Ranbaxy-Daiichi deal gets nod
NEW DELHI: The Centre on Friday approved the acquisition of Ranbaxy Laboratories by Japanese drug major Daiichi Sankyo Co. that would lead to a foreign direct investment of Rs. 21,560.61 crore. “Daiichi Sankyo is now free to ...

Other Stories



Barometer


Briefly
IOB launches Gold RD scheme
CHENNAI: Indian Overseas Bank on Friday launched Gold Recurring Deposit scheme. According to a release, maturity payment of the Gold RD scheme will be given in the form of gold coins as a value addition. A concession at the rate of Rs. 25 a ...

Madras Management Association gets award
CHENNAI: The Madras Management Association has secured the National Managerial Excellence Award for 2008 from the All India Management Association (AIMA). Jayshree Venkatraman, President, Madras Management Association and Director, TAFE, and ...

Mahidhara’s gated community project
CHENNAI: The Hyderabad-based Mahidhra Projects Pvt. Ltd. is developing nearly 122 plots on 10 acres at Sriperumbudur near Chennai. The new venture, Mahidhara Capital, offers DTCP (District Town and Country Planning) approved plots and villas. ...

MindTree sets up testing centre of excellence
BANGALORE: MindTree has set up a testing centre of excellence in partnership with Hewlett Packard. The centre will enable development of new frameworks and strengthen HP’s testing products, MindTree said. — Special ...

Yes Bank launches Money Monitor
BANGALORE: Yes Bank launched here on Tuesday, Money Monitor, an online facility for customers to track their transactions with other banks as well. The U.S.-based Yodlee provided the technology to aggregate all financial information, with the ...

Purushothaman re-elected SIHRA President
CHENNAI: At the 57th annual meeting of South India Hotels and Restaurants Association (SIHRA) held recently, M. P. Purushothaman was re-elected President for the ninth year in a row. The following were elected Vice-Presidents. Shankar Menon ...




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