Online edition of India's National Newspaper
Friday, August 04, 2006
Online edition of India's National Newspaper Friday, August 04, 2006 |
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News Update
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General Motors to invest $300 m in Maharashtra car plantThe Pune facility will have an initial capacity of 1.40 lakh cars annually 
IBM bags $100 million deal from Bharti AirtelThe platform will deliver a suit of new services to 25 m customers Ban partially lifted on sugar exports Export with prior approval allowed U.S. FDI to touch $1 b Investment summit slated for September 
Helion Venture Partners launches $140 m fundIvy League and Internet pioneers roped in as global investors 
CTS draws up a succession planThe new VC to focus his attention on brand creation in India Other Stories
Barometer Briefly Excise exemption for hilly states extended SHIMLA: The Union Government has extended the excise duty exemption granted to new industrial units in Himachal Pradesh, Uttaranchal and Sikkim till March 31, 2010, from March 31, 2007, on a request from these States. A notification, extending ... Caparo India, Itochu to set up JV TOKYO: Lord Swraj Paul-promoted Caparo Engineering India has entered into a joint venture with Japan-based Marubeni Itochu Steel Inc to set up an automotive blank manufacturing unit near New Delhi with an initial investment of Rs. 18 crore. An ... U.S. court rules in favour of Ranbaxy NEW DELHI: Ranbaxy Laboratories on Thursday said the U.S. Court of Appeals for the Federal Circuit has ruled in its favour in the patent infringement case with Pfizer for cholesterol-lowering drug Atorvastatin (Lipitor) relating to Ranbaxy's ... Canara Bank regional office upgraded COIMBATORE: The Coimbatore Regional Office of Canara Bank will be upgraded to a Circle office from August 4. According to the Deputy General Manager of the circle, N. Sethupathy, the circle will cover Coimbatore, Erode, Salem, Dharmapuri, ... Regus takes up space in Citi Centre CHENNAI: The U.K.-based Regus group, a provider of outsourced workplaces, has decided to open its business centre in Chennai. Addressing a press conference here on Thursday, Madhusudan Thakur, Country General Manager (India), Regus, said the ... Dynamic Vertical launches retail solutions CHENNAI: Gurgaon-based Dynamic Vertical Solutions on Thursday announced the launch of LS Retail suite of solutions, a software built on the Microsoft Dynamics platform which ensures complete reliability and insurance against future technology ... Owens & Saint-Gobain to merge some businesses NEW DELHI: Owens Corning and Saint-Gobain jointly announced that they are in discussions to merge Owens Corning's reinforcements business and Saint Gobain's reinforcement and composites businesses (a part of the entity known as Vetrotex) into a ... Wheels India maintains sales in Q1 CHENNAI: Wheels India has reported a total turnover of Rs. 218.95 crore for the quarter ended June 30, 2006, against Rs. 218.87 crore in the corresponding period in 2005. The company has reported a net profit of Rs.5.49 crore against Rs. 6.58 ... Shriram Transport Finance Q1 net up CHENNAI: Shriram Transport Finance Company has reported a net profit of Rs. 34.88 crore for the quarter ended June 30, 2006, against Rs. 25.82 crore in the corresponding period in 2005-06. Income from operations was higher at Rs. 263.89 crore ... SAP, IIM Bangalore in strategic pact BANGALORE: SAP AG and the Indian Institute of Management, Bangalore (IIM-B), have entered into a strategic partnership to work together in areas of common interest. They signed a memorandum of understanding during the visit of Henning Kagermann, ... Sanyo BPL launches new products BANGALORE: Sanyo BPL Pvt. Ltd., a joint venture between Sanyo Electric of Japan and BPL, has launched products across categories such as televisions, washing machines, refrigerators, microwaves and audio. Keiji Oshima, President and Chief ... Mindteck revenues up in Q1 BANGALORE: Mindteck India, an IT services company, has reported a total revenue (on a consolidated basis) of Rs. 27.49 crore in the first quarter ended June 30, 2006 against Rs. 8.34 crore in the corresponding period last year. The net profit ... Wind River Systems releases new product BANGALORE: Wind River Systems, a leader in device software optimisation (DSO), has announced the release of its commercial grade Linux product line with specific features geared towards consumer device and network equipment manufacturers. The ... Six software firms join Itanium Alliance BANGALORE: The Itanium Solutions Alliance (ISA) and Intel on Thursday announced the addition of six Indian software companies as newly enlisted members of the Alliance in India, and Intel's continued support of the platform with five new ... Wheels India maintains sales in Q1 CHENNAI: Wheels India has reported a total turnover of Rs. 218.95 crore for the quarter ended June 30, 2006, against Rs. 218.87 crore in the corresponding period in 2005. The company has reported a net profit of Rs.5.49 crore against Rs. 6.58 ... Tax collections up 40 p.c. in Q1 NEW DELHI: The Centre's tax collections during the first quarter in the current fiscal at Rs. 44,463 crore were over 40 per cent more than the Rs. 31,668 crore mopped up during the same period of 2005-06. Total revenue collections during the ... Advinus drug discovery facility opened NEW DELHI: Advinus Therapeutics, a joint venture between the Tata Group and ex-Ranbaxy research head, Rashmi Barbhaiya, has inaugurated a drug discovery facility in Pune in Maharashtra and said it would scale up its headcount to 550 employees by ... PNB move to open subsidiary in U.K. NEW DELHI: Punjab National Bank has filed an application with the Financial Services Authority (FSA) of Great Britain for opening a banking subsidiary in the U.K. The bank plans to infuse about Rs. 200 crore capital into the subsidiary for ... Standard group takes over NRI TV CHANDIGARH: The Punjab-based Standard group of companies has taken over the NRI TV, the three-year-old news and entertainment channel, that claims to educate the Indians going abroad about their prospects in various countries. Managing Director ... GM India sales jump 37 p.c. CHENNAI: General Motors India has registered a 37 per cent growth in July 2006 as compared to last year. The company sold 2,450 cars against 1,866 cars. According to a release, the July sales comprise 1,302 units of Chevrolet Tavera, 309 units of ... Other Stories
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