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Tuesday, December 23, 2008
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China cuts rates for fifth time
BEIJING: China is cutting interest rates for the fifth time in four months to support its slowing economy. The central bank said on Monday that the one-year lending and deposit rate would be reduced by 0.27 percentage point to 2.25 per ...

Toyota projects first-ever operating loss
Unlike previous years, the company gave no earnings forecast for the fiscal year ending March 2010

100 oil blocks to be offered in February
Fourth round of auction of coal bed methane (CBM) blocks will also be launched: Deora

Tatas secure funding for JLR


Navayuga to develop port in Orissa
HYDERABAD: The Hyderabad-based Navayuga Engineering Company has entered into a memorandum of understanding (MoU) with the Government of Orissa for the development of a modern deep water, all-weather, alongside-berthing, mechanised port at the ...

Insurance plan for tea plantation workers
ICICI Prudential partners Bill and Melinda Gates Foundation

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BGR Energy signs pact with Italian firm
CHENNAI: BGR Energy Systems, engaged in EPC and BOP turnkey contracting for power projects and LSTK contracts for oil and gas projects, has recently entered into technical collaboration and licence agreement with TM.E SpA Termomeccanica ...

Reliance Life launches two insurance plans
NEW DELHI: Reliance Life Insurance on Monday announced the launch of two unit-linked insurance plans with insurance and pension options assuring investors guaranteed returns on maturity. The new plans launched under the ‘Reliance ...

Peerless to enter mutual fund business
KOLKATA: The Peerless General Finance and Investment Company has received in-principle approval from the Securities and Exchange Board of India to set up asset management company. According to a release, the company has appointed Akshay Gupta ...

Aurobindo Pharma gets USFDA nod
HYDERABAD: Aurobindo Pharma has received tentative approval to manufacture and market fixed dosed combination, Abacavir Sulfate / Lamivudine tablets 60/30 mg from the U.S. Food and Drug Administration (USFDA). The drug was meant for treatment ...

Patni names new group Vice-President
MUMBAI: IT and BPO services provider Patni Computer Systems has appointed Fred Cohen as the group’s Vice-President to head its global asset management business. Mr. Cohen, who has over 20 years of experience in the financial industry ...

Tata Sons hikes stake in Tata Comm
MUMBAI: Tata Communications on Monday said that Tata Sons, one of its promoter group firms, has consolidated its stake in the company to 10.88 per cent by acquiring an additional 2.37 per cent. The company has acquired 67.53 lakh shares ...

Central Bank ED takes charge
CHENNAI: Pradeep Ramnath took charge as Executive Director of Central Bank of India on December 19. According to a release, Mr. Ramnath served as General Manager, Dena Bank prior to the latest appointment. — Corporate ...




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