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BUSINESS
RBI raises repo, CRR rates
Interest rate on eligible CRR balances cut to 0.5 p.c.

Reliable Freight forms venture with HK firm
CHENNAI: The Chennai-based Reliable Freight Forwarders Pvt Ltd. has entered into a joint venture agreement with the Hong Kong-based Kerry Logistics. The new company will have 51 per cent equity from Kerry Logistics and an equity base of $1 ...

DEPB scheme extended further till March 31, 2008
WTO-compatible alternative scheme being worked out

GAIL to take up five pipeline projects
New initiatives to strengthen transmission

Other Stories



Barometer


Briefly
Consumer index up one point
SHIMLA: The all-India consumer price index for industrial workers (CPI-IW) increased by a point to 128 in February on account of rise in prices of essentials in various centres, according to a Labour Bureau ...

Inflation rate unchanged at 6.46 p.c.
NEW DELHI: For the third week in a row, the inflation rate remained unchanged at 6.46 per cent for the week ended March 17, putting further pressure on interest rates ahead of RBI's monetary policy next month. ...

External debt at $142.7 b in 2006
NEW DELHI: Owing to the sharp increase in corporate borrowings abroad coupled with a surge in deposits by non-resident Indians (NRIs), the country's external debt soared by $6.2 billion to $142.7 billion at the end of December last year. India's ...

Corus gets court nod for capital reduction
LONDON: The Tata group on Friday moved closer to completing its Corus acquisition with a U.K. court approving the reduction in the Anglo-Dutch firm's equity capital, a move that helps in starting a business afresh. ...

EU sets deadline for Hindalco-Novelis deal
NEW DELHI: The European Commission will give its decision on Hindalco's proposed $6 billion acquisition of North American aluminium firm Novelis before May 8, the EU's competition authority disclosed on Friday. ...

Carthage investment forum in Tunisia
CHENNAI: The Tunisian Foreign Investment Agency (FIPA) under the aegis of the Tunisian Ministry of Development and International Cooperation is organising the ninth edition of `The Carthage Investment Forum' on June 21 and 22 at EI Mouradi ...

BHEL sets up centre of excellence
NEW DELHI: : Bharat Heavy Electricals Limited (BHEL) on Thursday announced the establishment of a world-class centre of excellence-surface engineering (COE-SE) at its Corporate Research and Development division in Hyderabad. Set up with an ...

Danish firm sets up R&D centre
BANGALORE: : Denmark-headquartered manufacturer of rotor blades for wind turbines, LM Glasfiber, has set up a research and development (R&D) centre here as a part of its global technology push. The centre, which will employ more than 40 engineers

Tallika becomes design partner of Tensilica
CHENNAI: Tensilica Inc. on Friday announced that Tallika Corporation of Mesa, AZ (U.S.), a design service organisation, is now an authorised design centre partner for customers using the Xtensa configurable processor in its system-on-chip (SOC) ...

Raj TV in pact with TV 12
CHENNAI: Raj Television Network has signed an agreement with the Singapore Government-owned TV 12 for exporting content to TV12's Vasantham Central, a popular channel airing programmes for the Indian community in Singapore. The agreement will be ...

NCCL bags orders worth Rs. 302 crore
HYDERABAD: : Nagarjuna Construction Company Ltd (NCCL) has secured three orders for Rs. 302 crore. The Directorate of Public Health Engineering, West Bengal Government, has placed an order with the company for surveying, planning, designing, ...




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