Online edition of India's National Newspaper
Thursday, April 20, 2006
Online edition of India's National Newspaper Thursday, April 20, 2006 |
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Business |
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News Update
News Front Page National States: • Tamil Nadu • Andhra Pradesh • Karnataka • Kerala • New Delhi • Other States International Opinion Business Sport Miscellaneous • Cartoons Engagements
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Sensex misses 12000-mark on profit takingMUMBAI: The Bombay Stock Exchange benchmark Sensex advanced closer to the 12,000-level on attractive corporate earnings, but closed way short of the milestone due to profit taking by investors. The BSE 30-share Sensex closed at 11,895.98, ... Government to bear cost of spectrum release Move will help accommodate the need of telecom companies 
Wipro net profit up 27 p.c.Rides on outsourcing boom from western countries; adds 42 clients during 4th quarter China using export controls to manage international trade WTO report cites widening disparities between domestic regions 
Maruti launches 3-in-1 packageJoins hands with IOC and Citibank to run the programme Other Stories
Barometer Briefly Seshasayee takes over as CII chief NEW DELHI: R. Seshasayee, Managing Director of Ashok Leyland, on Wednesday took over the reins of the Confederation of Indian Industry (CII) as its President. He succeeds Y. C. Deveshwar, who demitted office at the end of an eventful tenure. ... Gold, silver extend rise OREGON (U.S.): Gold futures peaked at more than $630 an ounce on Wednesday, after the U.S. Federal Reserve suggested it might be nearing an end to its rate-tightening cycle, giving traders one more reason to buy precious metals. ... Compendium of FDI policy NEW DELHI: Kamal Nath, Union Minister of Commerce and Industry, released on Wednesday a compendium on "India's Foreign Direct Investment Policy,'' which presents together India's current policy on FDI and relevant Press Notes. ... Bidding norms for transmission NEW DELHI: Private power companies, which build wholly-owned transmission systems, would now have to sign agreements directly with State utilities which purchase that electricity, instead of an earlier proposal where a central government agency ... VSNL to launch services in S. Africa NEW DELHI: Videsh Sanchar Nigam Ltd. would launch fixed line telecom services in South Africa by June-July, N. Srinath, Executive Director, VSNL, told reporters here. ... Mercator forays into offshore MUMBAI: Mercator Lines, a leading shipping company, has forayed in to the offshore business by placing an order worth around $180 million (Rs. 810 crore) for the construction of a premium offshore jack up oil rig with Keppel FELS of ... IOB launches `fine gold' CHENNAI: Indian Overseas Bank has launched a new retail product `fine gold' to cater to the needs of the retail segment of the domestic market. Its fine gold is aimed at attracting all income groups and is available in 4, 8, 20 and 50 gram ... ICICI Bank hikes NRE deposit rates MUMBAI: ICICI Bank on Wednesday announced an increase of up to 28 basis points in interest rates for Non-Resident External (NRE) fixed deposits of different maturities. With this increase, the current interest rate for NRE fixed deposits across ... eLogistics places order with Avalon Tech CHENNAI: The Chennai-based logistics solutions provider, eLogistics, has placed an order for one lakh tracking devices with Avalon Technologies, a 100 per cent export oriented unit located in the MEPZ-SEZ zone. Avalon is a fully owned subsidiary ... Norwest Venture's fund for IT sector CHENNAI: Norwest Venture Partners, a leading global technology venture capital firm, has announced the formation of its most recent fund, Norwest Venture Partners X. The $650 million fund is targeted at early, mid and late stage investments with ... Nobel Biocare conducts seminar CHENNAI: Nobel Biocare will conduct a seminar for dentists in Mumbai from April 21 to 23 as part of its 17-city World Tour. The event will be conducted by Nobel Biocare's global scientific committee. At the event, all participants will get the ... Clerock launches development centre BANGALORE: Clerock Enterprises, a subsidiary of Clearock Inc., has announced the launch of its first development centre to provide consistent delivery of health and wellness products (based on a patented Liposome technology) and services ... HP transfers i-community project to BASIX BANGALORE: Hewlett Packard on Wednesday announced that its three-year memorandum of understanding (MoU) with the Andhra Pradesh Government on the Kuppam i-community initiative has been transferred to private hands. The company had signed an MoU ... SpiceJet registers 95 p.c. load factor NEW DELHI: The private low-cost carrier, SpiceJet, on Tuesday registered 95 per cent passenger load factor, achieving an all time high occupancy. While on 11 sectors the airline registered 100 per cent passenger load factor, on 17 sectors it ... Norwest Venture's fund for IT sector CHENNAI: Norwest Venture Partners, a leading global technology venture capital firm, has announced the formation of its most recent fund, Norwest Venture Partners X. The $650 million fund is targeted at early, mid and late stage investments with ... 1:2 bonus from Infotech Enterprises HYDERABAD: Infotech Enterprises, a global engineering design provider, has announced a stock split and a bonus offer in the ratio of one share for every two shares held. The company's board has decided to split its stock of Rs. 10 into two ... D.S. Kulkarni's follow-on offer HYDERABAD: D. S. Kulkarni Developers Ltd, a Pune-based construction company, is entering the capital market with a follow-on public issue of 55 lakh equity shares of Rs. 10 each for cash through the 100 per cent book-building route. The issue ... Virtusa's new global head for HR HYDERABAD: Virtusa Corporation, a global software development and IT services provider, has appointed T. N. Hari as its Vice-President and global head of human resources. Mr. Hari will be based out of Virtusa's Hyderabad advanced technology ... SBT hikes NRE deposit rates THIRUVANANTHAPURAM: State Bank of Travancore (SBT) has increased the interest rate on NRE term deposits from 6 per cent to 6.3 per cent with effect from Wednesday. The new rate is for NRE term deposits of one year to five years, the bank said in ... Read Today's supplements: Metro Plus | Sci Tech | Send: Comments to: thehindu@vsnl.com Letters to the Editor to: letters@thehindu.co.in with full postal address |
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