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Friday, December 07, 2007
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Reduction in marginal tax rate hinted at
Finance Ministry ‘proposes to simplify Income-tax Law’

Kuwait keen to invest in oil, gas projects
In talks with Reliance Industries and others

18 cos. bid for Ganga Expressway
REL, DLF, GMR Group and JP Associates are among the bidders

Bosch to invest Rs. 850 cr.
Motor Industries Company will be renamed Bosch

BMW’s big plans for India


‘Metal 5’ handsets from Samsung
The slider phone is priced at Rs. 18,999

Mix-n-match mobile technologies
BANGALORE: The two competing technologies used worldwide to provide mobile phone services may see a disruptive new technology that will allow operators to switch from one to the other without costly hardware changes. Indian-American Vanu Bose ...

OVL tie-up with Hindujas cleared
NEW DELHI: The board of ONGC Videsh Limited (OVL) has given its green signal for signing of a memorandum of understanding with the Hinduja group for collaboration in the oil and gas sectors and acquiring hydrocarbon assets abroad. The ...

Sensex up 58 points
MUMBAI: The Bombay Stock Exchange benchmark Sensex on Thursday gained nearly 58 points but failed to sustain the higher levels it saw during the day. After touching the high of 20064.31 at the outset, the BSE barometer later moved ...

Other Stories



Barometer


Briefly
BOI, Union Bank float life insurance co.
NEW DELHI: Bank of India and Union Bank on Thursday floated a life insurance company by signing an agreement with Dai-Ichi Mututal Fund Company of Japan. In the new venture, Bank of India will have 51 per cent stake, Dai Ichi 26 per cent and ...

Mauritian co. buys shares in Havells
MUMBAI: Global equity firm Warburg Pincus has acquired over 67.60 lakh securities in electrical and power distribution equipment company Havells India for Rs. 439.40 crore. ...

ONGC to shutdown two facilities
NEW DELHI: The Oil and Natural Gas Corporation plans to shutdown two production complexes at the Bassein field to hook-up new facilities, leading to a fall in natural gas availability to 29-31 million cubic metres a day from 42 million ...

Sahara Group to launch Power Fund
MUMBAI: Subrata Roy-owned Sahara group is coming out with a mutual fund scheme — Sahara Power Fund — an open-ended scheme, to invest in equities and equity-linked instruments of power ...

Citi to open three new branches in India
NEW DELHI: World’s largest bank Citigroup will open three new branches in India by February 2008 and plans to invest millions of dollars for its operations in the country over the next 12-18 months. ...

Bajaj Hindusthan’s units start operations
MUMBAI: Bajaj Hindusthan Sugar and Industries has informed the Bombay Stock Exchange that the company’s two new sugar plants at Rudauli and at Kunderki both located in eastern Uttar Pradesh, have commenced operations. With these two ...

Vitage signs deal with TTK Healthcare
CHENNAI: Vitage Technologies, a BSM (Business Service Management) company, on Thursday announced that it had signed an agreement with TTK Healthcare Services to handle its IT operations as the managed services partner. Vitage will be managing ...

Birla Sun Life infuses additional capital
MUMBAI: The promoters of Birla Sun Life Insurance have infused an additional capital of Rs. 123 crore into the capital base of the company. This enhances the company’s capital to Rs. 1,000 crore. This has been done to meet with the ...

Total knee replacement system from Invicta
CHENNAI: The Chennai-based Invicta Meditek Ltd. (IMEL), formerly Innovation Medi Equip Ltd., a public limited company engaged in the manufacture of orthopaedic implants and instruments, supplies quality products such as total joint replacement ...

Wipro signs MoU with MIT, Pune
CHENNAI: Wipro has signed a memorandum of understanding (MoU) with Maharashtra Institute of Technology, Pune, to take its ongoing collaboration with the institution to the next level. The MoU envisages a set of planned activities and ...

Maharashtra Seamless to buy unit in Romania
MUMBAI: Maharashtra Seamless, has announced that DP Jindal group, is buying another seamless plant in Romania having a capacity of 2,00,000 tpa in its flagship company, Maharashtra Seamless. The group is well diversified into manufacturing of ...

IOB offers facility for tax payers
CHENNAI: IOB has received all India authorisation for direct tax collection through the Internet. Under the facility, a tax payer can pay tax any time from anywhere. ith this facility, income tax, corporation tax, wealth tax, gift tax, fringe ...




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