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Tuesday, March 06, 2007
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BUSINESS
Sensex tumbles on fears of global recession
The Indian benchmark index loses 471 points

Two banks join HSBC to float insurance company
Canara Bank will have a controlling stake

Steel units agree to roll back price hike
NEW DELHI: Primary steel producers, including Tata Steel and Steel Authority of India Limited (SAIL), on Monday agreed to roll back the hike in prices of various products that was effected a day after the presentation of the budget on February ...

Moser Baer to invest $250 m
Enters into technology partnership with Applied Materials of U.S.

Other Stories



Barometer


Briefly
FMC warning to erring traders
MUMBAI: The Forward Markets Commission (FMC) on Monday said it would punish persons entering into real-time trading by opening terminals of foreign commodity exchanges in India, without prior approval of the government. ...

SEBI debars broker
MUMBAI: The Securities and Exchange Board of India has debarred Atin Das, a stock broker, from the securities market and directed him and his family members to desist from accepting money from investors under the monthly income scheme (MIS). ...

Reliance ADAG to invest in wind power
NEW DELHI: Reliance Wind Energy (RWE), a subsidiary of Reliance Energy, on Monday said it had signed an agreement with Suzlon Energy for setting up a 150 MW wind power project, in which the Anil Dhirubhai Ambani group firm would invest Rs. 900 ...

M&M board nod for buying stake in PTL
MUMBAI: Mahindra and Mahindra on Monday said its board had authorised the company to bid for a 43 per cent stake in Punjab Tractors Ltd (PTL). However, the company did not disclose details of the bid. ...

KVB offers 10 p.c. interest to senior citizens
CHENNAI: : Karur Vysya Bank has launched a new scheme, `KVB 600,' under which senior citizens are paid interest at 10 per cent per annum (annualised yield 10.68 per cent) while the other depositors get 9.50 per cent (annualised yield 10.11 per ...

Nokia launches 6300 model
KOLKATA: India will become Nokia's second largest market in terms of volume by 2010 against the third position occupied now, Nokia India Director (sales) Sunil Dutt said on Monday. The company would follow operator footprints to penetrate the ...

Kavveri Tele bags orders from Hutch and Idea
BANGALORE: Kavveri Telecom Products Limited a BSE listed companyhas received rate contracts for Rs. 40 crore from two of the largest pan-India telecom operators, Hutch and Idea for the supply of feeder cables, connectors and accessories for ...

Unitus' success in microfinance in India
BANGALORE: Unitus, a global microfinance accelerator with India offices in Bangalore has announced its seven partners in India now collectively reach more than one million persons or households. Worldwide only two per cent of microfinance ...

Jataayu launches community site
BANGALORE: Jataayu Software announced the launch of a community site aimed at taking mobile browsing to the next level. The community site ( www.jataayu.net ) is Jataayu's attempt to bring together individuals ...

ATS joins hands with Genesis Corporation
CHENNAI: ATS Services, a leading financial services BPO based in New Delhi, and Genesis, a global provider of risk management training and consultancy, have announced a joint venture to bring risk training and consultancy services to financial ...




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