Online edition of India's National Newspaper
Thursday, August 24, 2006
Online edition of India's National Newspaper Thursday, August 24, 2006 |
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Toyota Kirloskar Motor planning small car projectTKM launches on-the job training programme New Bill vests more powers with PSB boards Amendments to improve corporate governance in banks Caparo subsidiary acquires assets of Steel Tubes Dewas plant to be modernised and expanded Tatas buy 30 p.c. in Glaceau for $ 677 m Investment strengthens Tatas' U.S. presence 1:1 bonus from SFL Draws up Rs. 100 cr. capex programme Sitel launches global delivery centre CHENNAI: Sitel India, a joint venture between the U.S.-based Sitel Corporation, a $1.2 billion BPO leader, and the Tata Group, has launched its global delivery centre at Chennai Citi Centre at an investment of Rs. 25 crore. Addressing a press ... Zak Trade in pact with Dusseldorf CHENNAI: Zak Trade Fairs & Exhibitions Pvt. Ltd., has entered into an understanding with Messe Dusseldorf, GmbH of Germany, a leading exhibition organiser. The MoU, to be signed on Saturday, will enable both to jointly organise tradeshows in ... Fair on smart fabrics in S. Korea CHENNAI: `Preview in Daegu 2007' (PID 2007), an international textile fair that will focus on synthetics and smart fabrics (fabrics which have special qualities, such as lightness, breathability and waterproofing) will be held from March 14 to ... Other Stories
Barometer Briefly No new sanctions for SEZs NEW DELHI: The Group of Ministers (GoM) on Wednesday decided to let at least 75 special economic zones (SEZs) be operational before the Government reviews the policy. The GoM, presided over by Defence Minister Pranab Mukherjee, also decided that ... Surat floods: IRDA directive CHENNAI: The Insurance Regulatory and Development Authority on Wednesday raised the limit of losses required to be surveyed by a licensed surveyor and loss assessor for settlement of claims, from Rs 20,000 to Rs 50,000 for the recent flash ... Prudential norms on investment in VCFs CHENNAI: The Reserve Bank of India on Tuesday issued revised prudential guidelines on banks' investments in venture capital funds (VCFs) in view of the increasing exposure of banks to such funds. ... Guidelines on billing under CAS NEW DELHI: The Telecom Regulatory Authority of India on Wednesday issued Quality of Service Regulations, including on complaint redressal and billing issues, under the CAS regime and ordered that these would come in force in notified areas of ... Corporation Bank plans `loan factories' COIMBATORE: Corporation Bank plans to set up `loan factories' in 11 centres by December, initially for home loans. According to the Chairman and Managing Director of the bank, B. Sambamurthy, these `factories' will process the loan applications ... L & T bags Rs. 380 crore NTPC order CHENNAI: Larsen & Toubro has been awarded the engineering procurement and construction (EPC) order for Rs. 389 crore by National Thermal Power Corporation for a coal handling plant package at its Barh Super Thermal Power Station near Patna. This Rane Madras to set up plant in Uttaranchal CHENNAI: Rane Madras has informed the Bombay Stock Exchange that the board of directors of the company has decided to set up a manufacturing facility in Uttaranchal, a tax incentive State, to supply steering gears exclusively to Tata Motors ... HCL Info recommends Rs. 2 per share final MUMBAI: HCL Infosystems has recommended a final dividend of 100 per cent (Rs. 2 per share) for the year ended June 30, 2006. It has reported a profit after tax of Rs. 113.22 crore for the year ended March 31, 2006, against Rs. 132.77 crore. Total ... Bharat Forge to set up SEZ in Pune CHENNAI: Bharat Forge has signed a memorandum of understanding with the Government of Maharashtra to jointly develop a multi-product special economic zone in Khed Taluka of Pune district. According to a release, the project has received ... Sobha Developers' public offer CHENNAI: Sobha Developers, a Bangalore-based real estate developer and construction company, has filed its draft red herring prospectus with the Securities and Exchange Board of India. It is proposes to offer 94.77 lakh equity shares of Rs. 10 ... Wills Lifestyle's `special occasion' wear CHENNAI: Wills Lifestyle, ITC's premium fashion brand, has tied up with a leading designer, Manish Malhotra, to create an exclusive collection that will be retailed nationwide across Wills Lifestyle's network of 40 stores. The Wills Lifestyle ... Kotak Mahindra invests in Lemon Tree, Red Fox CHENNAI: Lemon Tree Hotels, promoted by Patu Keswani, on Wednesday announced that Kotak Mahindra Realty Fund has invested Rs. 32 crore in the company. In a related development, Kotak Mahindra Realty Fund is investing about Rs. 2 crore in Red Fox ... TV 18 Internet arm to acquire three companies MUMBAI: TV 18 Group's Internet arm, Web 18, will acquire three companies, Cricketnext.com, Compareindia.com and Urban Eye, aiding the Group to further consolidate its focus on the Internet business. Television Eighteen India informed the Bombay ... Symantec's online services this year HYDERABAD: Symantec, an independent software major, is looking to doubling its turnover to $10 billion by 2010. Vishal Dhupar, Managing Director, Symantec India, told at a press conference here on Wednesday that the company was focussed on ... UTC plans to set up manufacturing facility HYDERABAD: United Technologies Corporation (UTC), headquartered in Connecticut, U.S., and having a strong partnership with the city-based Infotech Enterprises, has said that it was considering the setting up of a manufacturing and maintenance ... AppLabs opens new office HYDERABAD: AppLabs Technologies, a leading software testing and development services company, has opened its new office in Hyderabad to augment its growing business and demand for new services. Located at Cyber Towers, the new facility can ... New office-bearers for IEEMA HYDERABAD: Dasari Jai Ramesh, CMD, Vijay Electricals, has been elected President, Indian Electrical and Electronics Manufacturers Association (IEEMA) for 2006-07. An IEEMA release said P. P. Gupta, Managing Director, Techno Electric and ... Netherlands drug firm opens facility TOANSA (PUNJAB): Netherlands-based pharma ingredients manufacturer DSM on Wednesday opened its first Purimox manufacturing facility in India with a capacity of 5,000 tonnes annually. The company would manufacture a penicillin-based antibiotic ... TV 18 Internet arm to acquire three cos MUMBAI: TV 18 Group's Internet arm, Web 18, will acquire three companies, Cricketnext.com, Compareindia.com and Urban Eye, aiding the Group to further consolidate its focus on the Internet business. Television Eighteen India informed the Bombay ... Man Force to debut at Hannover fair NEW DELHI: Man Force Trucks Pvt. Ltd. will participate in the world's truck and bus show in Hannover. Four heavy trucks produced in India have been flown to Hannover for showcasing them in the largest auto show. In a statement on Wednesday, ... Other Stories
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