The Hindu : Tuesday, February 17, 2004

Online edition of India's National Newspaper
Tuesday, February 17, 2004

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Nadars to regain control of Tamilnad Mercantile Bank
CHENNAI, FEB. 16. C. Sivasankaran of the Sterling group has quit the Tamilnad Mercantile Bank (TMB) and the Tuticorin-based private bank is back under the Nadar community fold, bringing the curtain down on the decade-long twist to the ownership ...

DPC revival: Many unanswered questions
MUMBAI, FEB. 16.The Maharashtra Chief Minister, Sushil Kumar Shinde's announcement last week that the State would make efforts to restart the shutdown Dabhol Power Company (DPC) project came at the end of a stormy Cabinet meeting. Insiders in the ...

Notices to defaulters: banks warned
NEW DELHI, FEB. 16.The Centre has warned banks on soft-peddling in issuing notices to defaulters despite arming them with the Securitisation Act and said no "under-hand dealings'' will be tolerated. "I have seen that wherever it is essential ...

Other Stories

Rupee drops 5 paise

Sensex ends flat on late selling

TRAI issues paper on tariff schemes

Microsoft launches `Office Hindi'

IPCL roadshow in Mumbai today

Bavaria seeks inward investment

Barometer

Stock Market Index

Bullion rates

Exchange rates

Briefly
Centre returns ADB loan
MUMBAI, FEB. 16. Within a fortnight, the Union Government has prepaid another portion of foreign currency loans of Asian Developemnt Bank amounting to Rs. 5,294.84 crores (123.11 billion Japanese yen). Around two weeks ago, the Government has ...

Pepsi, Coke prices cut
NEW DELHI, FEB. 16. The two soft drink MNCs — PepsiCo and Coca Cola — on Monday announced reduction in prices of drinks. While Pepsi has slashed prices of the 300 ml pack size by Rs. 2 to Rs. 6, Coco Cola has decided to sell its 1.5 ...

Infosys to build product for BT
BANGALORE: Infosys Technologies, the Bangalore-headquartered IT services company will develop an `Automated Resource Management System' (ARMS) for one of the U.K.'s largest telecom carriers, British Telecom. Infosys would develop the ARMS with ...

Cadila in pact with Boehringer Ingelheim
MUMBAI: Cadila Healthcare has entered into a long term strategic pact with Boehringer Ingelheim India Pvt. Ltd., a wholly owned subsidiary of Boehringer Ingelheim, a research driven pharmaceutical company with headquarters in Germany. Under the ...

AirTel' special prepaid packaage
CHENNAI: AirTel has launched a limited edition prepaid package named U2, designed for duos, be it friends, mother-daughter, siblings or couples who wish to keep in touch always. The U2 pack, priced at Rs. 199 consists of two prepaid SIM cards ...

IT lab for textiles
COIMBATORE: An information technology laboratory for textiles was inaugurated at the S. S. M. College of Engineering, Komarapalayam, Namakkal District, on Saturday. The centre was set up by the Nodal Centre for Upgradation of Textile Education, ...

TN State Development Loan
CHENNAI: The Tamil Nadu Government has offered to sell on tap 5.85 per cent, State Development Loan 2015 (second series) having a maturity of 11 years. The sale will be held at the Reserve Bank of India, Chennai and Mumbai on February 19, ...

Canara Bank opens ATM at Karkala
MANGALORE: Canara Bank has opened its 316th ATM at Karkala, Udupi district, a release issued here said. The ATM is the 16th under the Mangalore Circle of the bank. The ATM was inaugurated by the General Manager of the bank, R. K. Madhukar, it ...

Peenya Industries pact with Bajaj Allianz
BANGALORE: Peenya Industries Association, Bangalore, has signed a memorandum of understanding with Bajaj Allianz General Insurance Company to meet the general insurance requirements of member industries. The association has a membership of over ...

Lufthansa's facility for etix passengers
CHENNAI: Lufthansa German Airlines has announced incentives or passengers booking etix for its flights from anywhere in India. According to a release, Lufthansa passengers who opt to buy etix will earn additional award miles per segment they fly ...

LIC Ernakulam division's good show
KOCHI: Life Insurance Corporation of India, Ernakulam division, has completed over 2.50 lakh new policies this financial year and is occupying the top position in the south zone by procuring 2.46 lakh policies for an insured amount of Rs. 2,182 ...

Mini Muthoot to enter insurance sector
KOCHI: Financial institution, Mini Muthoot is to enter life insurance sector and has already tied up with MetLife for marketing the insurance products in rural areas, said Roy M. Mathew, Chairman. Our Special ...

Wipro Infotech, Intel to host business seminar
KOCHI: Wipro Infotech and Intel will host a joint technology seminar in Kochi on February 17. The seminar is titled `CIO Update' meant to build business values through technology solutions, says a release. Our Special ...

SBH opens ATM
KOCHI: State Bank of Hyderabad, Vennala branch, has opened an ATM counter, which was inaugurated by M. C. Jacob, deputy general manager of the Secunderabad zone. Our Special ...

TechSpan partners Star Alliance
NEW DELHI: TechSpan Enterprise GmbH, a subsidiary of Headstrong, has been chosen by Star Alliance, the first truly global airline alliance, to implement e-business applications on staralliance.com. The `Master service agreement', which partners ...

Crisil award for Bharti Tele
NEW DELHI: Rating agency Crisil has awarded its `Governance and value creation' (GVC) rating to Bharti Tele-Ventures (BTVL) indicating that the firm's capability with respect to creating wealth for all its stakeholders while adopting sound ...

BHEL gets Bhushan Steel order
NEW DELHI: Bharat Heavy Electricals has bagged a Rs. 36 crore STG set and waste heat recovery boilers order for BSSL captive power plant in Orissa. Winning against French and British bids, BHEL secured the order from Bhushan Steel and Strips ...

Spearhead signs MoU with Swiss Government
HYDERABAD: Spearhead Natural Products, a joint venture of Nandan Agro Farms and Swiss based Spearhead, has signed a memorandum of understanding with Switzerland Government. According to a release issued by Nandan Agro here, the project will ...

APSFC files application with IRDA
HYDERABAD: The Andhra Pradesh State Financial Corporation (APSFC), which has a strategic tie-up with IFFCO-TOKIO General Insurance Company (ITGI), is planning to secure an insurance corporate agency registration. The corporation will be shortly ...

Other Stories

IVRCL bags contract