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Tuesday, September 05, 2006
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Banks queue up to acquire United Western
UWB keen to offer reconstruction proposal

Kalam asks Indian Bank to set higher growth targets
`Promote business through enterprising youth and continue financing SHGs'

Private wheat import at zero duty
The concession will be valid for four to five months

Centurion, LKB approve merger
NEW DELHI: The boards of Centurion Bank of Punjab (CBP) and the Kochi-based Lord Krishna Bank (LKB) on Monday approved the proposed merger of the two private sector banks, subject to the approval of the Reserve Bank of India (RBI) and all other ...

AV Birla forms JV with Chinese firm
Cost of acquisition of assets including capacity expansion is $70 m

NXP Semiconductors' investment plans
To set up state-of-the-art campus in Bangalore

Other Stories



Barometer


Briefly
Spice Telecom to dilute equity through IPO
NEW DELHI: Spice Telecom plans to dilute 20 per cent equity through an initial public offer to raise $250-300 million by the end of the year. This was disclosed here on Monday by the company Chairman, Dilip Modi, who said the IPO would be ...

Falcon cable through Gulf to go live today
NEW DELHI: Reliance Communications-owned Falcon undersea cable connecting five Middle East countries as well as Sudan and Egypt will be operational from Tuesday, unleashing international bandwidth between India, Middle East and Europe. Union IT ...

Infrastructure sector grew by 9 p.c. in July
NEW DELHI: The infrastructure sector grew by 9 per cent in July as compared to 2.3 per cent in the same month last year. During April-July this fiscal the infrastructure industry rose by 7 per cent as against 6.1 per cent in the same period last ...

Chemicals Ministry seeks tax exemptions
NEW DELHI: The Ministry of Chemicals and Fertilisers has sought approval from the Finance Ministry for extending the time limit of tax exemptions provided to research and development activities in the pharmaceutical sector beyond March 31, ...

Usha Narayanan takes charge as SEBI ED
MUMBAI: Usha Narayanan has taken charge as Executive Director of the Securities and Exchange Board of India (SEBI).

Karnataka Bank revises NRE/FCNR (B) rates
MANGALORE: Karnataka Bank has revised the interest rates on Non-Resident (External) Rupee Deposits (NRE) and FCNR (B) deposits with effect from September 1. The interest rate on NRE deposits of one year to less than two years is 6.41 per cent ...

Suzlon secures further orders
PUNE: Suzlon Wind Energy Corporation, a subsidiary of Suzlon Energy of Denmark, the international business arm of Suzlon Energy Ltd., has signed yet another 105-MW deal with Edison Mission Group (EMG), for 50 units of Suzlon's S88 - 2.1 MW wind ...

TNT acquires Speedage
CHENNAI: TNT NV has announced the acquisition of ARC India Ltd., which operates under the trade name Speedage Express Cargo Services, one of the leading road express companies in India. Combining Speedage's strong domestic road network with ...

Colgate-Palmolive observes Oral Health Month
CHENNAI: Colgate-Palmolive (India) Ltd. in association with the Indian Dental Association (IDA) on Monday announced that September would be observed as Oral Health Month. Now in its third year, it is an intensive month-long oral health awareness ...

Flender names Managing Director-designate
KOLKATA: Flender, one of the leading players in the industrial gearboxes segment, at its board meeting on Monday, announced the appointment of T. Rao as managing director-designate with immediate effect. He takes over from S. Mullick who has ...

Jet Airways to have in-flight entertainment
MUMBAI: Jet Airways on Monday announced the introduction of a new on-demand in-flight audio and video entertainment system, Sky Screen, for its Club Premier and Economy class passengers. The facility would be offered on three domestic sectors, ...




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