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High oil prices a risk to global economic growth
Asia-Pacific nations clock 7.4 p.c. growth last year

S&P ups India's rating
Cautions about financial weakness

Sensex trims initial gains
MUMBAI: The Bombay Stock Exchange benchmark Sensex on Friday advanced higher on the back of rising Reliance Industries' scrip and closed at a new peak of 12,359.70. RIL shares, after touching an intra-day high of Rs. 1,109, closed at Rs. ...

Tata Motors, Marcopolo to form JV
To manufacture fully built buses and coaches

Other Stories



Barometer


Briefly
Inflation falls to 3.54 pc
NEW DELHI: Inflation fell marginally to 3.54 per cent for the week ended April 22 from 3.55 per cent in the previous week, despite higher prices of eggs and wheat. ...

Gold zooms on frantic buying
MUMBAI: Gold zoomed by a whopping Rs. 215 per ten grams and closed at a new closing high of Rs. 9,945 on the bullion market here on Friday due to frantic buying. ...

ICICI Bank hikes home loan rates
MUMBAI: ICICI Bank on Friday hiked its home loan rates by 50 basis points with effect from May 8. The increase of half a percentage point is for both floating and fixed interest rates. For the existing floating rate customers, the increase in ...

Mobile operators form advisory council
NEW DELHI: Mobile telecom companies have joined hands to form an advisory council to oversee and ensure that there was proper verification of subscribers before activating phone connection. The Apex Advisory Council for Telecom in India (ACT), ...

Wipro acquires switches business of North-West
BANGALORE: Wipro has said that its consumer care and lighting business division has acquired North-West Switches business from the Delhi-based North-West Switchgear in an all-cash deal with an upfront consideration of Rs. 102.20 crore. Wipro has ...

Secova, UltraLink to merge
CHENNAI: Secova eServices Ltd., a HR BPO company, and UltraLink, a HR and benefits management services provider, have announced the merger of their operations. Through this combined entity, Secova and UltraLink will be able to offer global ...

Sequoia, WestBridge Capital unite
MUMBAI: Sequoia Capital and WestBridge Capital Partners have announced that they would merge to form Sequoia Capital India. Sequoia Capital India will focus on investing in the most promising high growth companies in India. It will assist ...

Esquire launches offshore development centre
CHENNAI: Esquire Systems inaugurated its offshore development centre at Nungambakkam on Friday. According to Anil Nair, Chief Executive Officer, the centre will have a capacity to accommodate 150 IT developers and is expected to be running to ...

Tamilnadu Telecom turns around
CHENNAI: Tamilnadu Telecommunications, a joint venture promoted by TCIL and TIDCO, Central and State PSUs, has made a smart turnaround in 2005-06 after three consecutive years of loss with a net profit of Rs. 2.06 crore against the net loss of ...

HCL, Dish TV team up
CHENNAI: Dish TV, belonging to the Essel Group — the parent company of Zee Network, has teamed up with HCL Infosystems wherein Dish TV would be leveraging HCL's distribution and service support reach to widely expand its base. While Dish ...

SkodaAuto India expands the Octavia portfolio
CHENNAI: SkodaAuto India, a fully owned subsidiary of SkodaAuto a.s. Czech Republic (Volkswagen group) one of the premium automobile manufacturers in India, recently announced the launch of SkodaOctavia Classic 1.9 TDi, its latest offering in ...

Ogilvy India wins awards
CHENNAI: The 64th OBIE awards held at the Marriott Desert Springs Resort & Spa, Mumbai honoured Ogilvy & Mather India on April 25 among four others in the international category for underlining the outstanding creative potential that outdoors

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