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Friday, July 28, 2006
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Investment abroad by MFs made easy
Mutual funds can invest up to $1 b in ETFs

SBI posts lower profit in Q1
CHENNAI: State Bank of India has posted a net profit of Rs. 798.57 crore for the quarter ended June 30, 2006, as compared to Rs. 1,222.83 crore in the year-ago period. Total income has declined to Rs. 10,598.75 crore from Rs. 10,742.85 crore. Net ...

Export target raised
India's competitiveness vis-a-vis China to be studied in detail

Corporate news boosts Sensex by 124 points
MUMBAI: Strong global cues helped the Bombay Stock Exchange sensitive index advance higher for the fourth straight session on Thursday, with the benchmark index gaining another 124 points on hectic short-covering amid flow of encouraging ...

Intel unveils new Core 2 Duo processors
They pack faster computing power with lower consumption of energy

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Barometer


Briefly
DoT asks TRAI to defer SMS directive
NEW DELHI: Brushing aside the Telecom Regulatory Authority of India's directive to mobile operators to stop using short codes for SMS based services, the Department of Telecom has constituted a panel to look into the issue and come out with a ...

Ispat Finance registration cancelled
MUMBAI: The Reserve Bank of India has cancelled the certificate of registration granted to Ispat Finance, Kolkata, for carrying on the business of a non-banking financial institution as the company has opted to exit the business. ...

Bon gets nod to close Bombay undertaking
MUMBAI: Bon Ltd., a subsidiary of Hindustan Lever Ltd. (HLL), has been allowed by the Labour Commissioner, Maharashtra, to close its Bombay Factory Undertaking at Sewri, Mumbai. ...

Cadila to commence Phase I trials on ZYH2
MUMBAI: Cadila Healthcare on Thursday said it had received approval from the Drug Controller General of India (DCGI) to conduct Phase I clinical trials on its New Molecular Entity (NME), ZYH2, used for treating diabetes. ...

ADB approves $300 m loan to NTPC
NEW DELHI: The Asian Development Bank on Thursday approved a loan of $300 million (nearly Rs. 1,380 crore) to NTPC to finance its power generation capacity expansion programme, India's representative in ADB Ashok Saikia told ...

Salzer Electronics plans Rs. 30 crore expansion
COIMBATORE: Salzer Electronics Ltd., manufacturers of electrical switchgear and allied products here, plans to expand its manufacturing facilities to wire and cables with an investment of Rs. 15 crore initially. According to a release, another ...

CUB opens 150th branch
TIRUCHI: City Union Bank's 150th branch was opened at Cantonment in the city on Thursday. The computerised branch offers wide range of banking services, including anywhere banking, mobile banking and safe deposit locker. It also provides ...

NIIT Group acquires Element K for $40 million
CHENNAI: The NIIT Group on Thursday acquired Element K, a leading provider of learning solutions in North America, for a consideration of $40 million. Together, NIIT and Element K will emerge as the leading global provider of comprehensive ...

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