The Hindu : Business News : Tuesday, February 03, 2009

Online edition of India's National Newspaper Tuesday, February 03, 2009 ePaper \| Mobile/PDA Version

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SEBI to amend rules for open offer
Satyam Computer Services stands to benefit; detailed guidelines shortly

Exports show signs of revival
NEW DELHI: Halting the sharp fall for the past two months and giving indications of a revival, exports declined by a meagre 1.1 per cent in December 2008 over the same month last year showing a negative growth for the past three months but ...

Mastek puts 425 on ‘virtual bench’
MUMBAI: The economic downturn has forced Mastek to scale down its staff strength, putting 425 staff on ‘virtual bench’ for the next 12 months and also ‘aggressively’ reduce its staff benefit costs. “We ...

Public sector banks asked to cut rates
NEW DELHI: The Central Government on Monday asked public sector banks (PSBs) to increase lending to medium, small and micro enterprises (MSMEs) and the infrastructure sector as these labour-intensive segments were the surest bet for imparting ...

Spice Group buys Cellucom arm
NEW DELHI: B.K. Modi-promoted Spice Group has fully acquired the Indian subsidiary of Dubai-based mobile and IT products retailer, Cellucom. Under the share-swap deal, Spice will acquire 100 per cent stake in Cellucom, which in turn will ...

Global telecom cos form association
NEW DELHI: Global telecom companies, providing enterprise telecom services in India, on Monday announced the formation of the Association of Competitive Telecom Operators (ACTO). ACTO will be an industry body focussed on policies that ...