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Saturday, April 03, 2004
Hilton open to pick up equity in hotel chains
NEW DELHI, APRIL 2. One of the biggest names in the global hospitality industry, Hilton International, is open to equity participation in Indian hotel chains. Hilton, which has signed strategic-cum-franchisee alliance with the Trident brand of ...
IT Department slaps Rs. 261 cr. notice on Wipro
BANGALORE, APRIL 2. The Income-tax Department has served a Rs. 261.4 crore demand notice to Wipro pertaining to its software profits. Wipro, has `decided to appeal' against the notice, a company release said here on Friday. The `demand' was ...
Rising rupee's hidden messages
Even as the RBI has not intervened with its customary vigour to check the sharp rise in the rupee, questions have been asked as to the central bank's motives. Is it the fear of inflation or the paucity of securities used in sterilising domestic liqui dity?
MUMBAI, APRIL 2.Silver prices zoomed up to end at an all-time high of Rs. 12,270 per kilo on the bullion market here today due to hectic stockists' buying following a steep rise in the overseas prices. Gold closed better on good buying in line ...
Inflation drops to 4.3 p.c.
NEW DELHI, APRIL 2. In line with Government's promise to keep commodity prices under check, the rate of inflation fell for the fourth consecutive week to 4.30 per cent for the period ended March 20, well within the 4-4.5 per cent forecast by the ...
BoI Coimbatore zone's record
COIMBATORE: The Coimbatore Zone of Bank of India has registered more than 11 per cent growth in business during the year ended March 31, 2004, as compared to the previous year. It had registered a business of Rs. 1,652 crores for 2003-04, ...
HCL Tech to offer SIP solutions
NEW DELHI: HCL Technologies, a leading global IT solutions provider, has announced that it will offer SIP components and solutions on Windows CE for audio/video conferencing, messaging and presence applications on mobile handheld devices. These ...
GAIL completes DVPL project
MUMBAI: GAIL (India) has announced the commissioning of the Dahej-Vijaipur pipeline (DVPL) project. From Vijaipur onwards, the existing Hazira-Vijaipur-Jagdishpur (HVJ) network of GAIL will supply re-gasified LNG to consumers along the route till ...
Essar Shipping redeems NCDs
CHENNAI: Essar Shipping has fully redeemed non-convertible debentures of Rs. 78.54 crores ($17.82 million). The company had raised these debentures which were subscribed by the Unit Trust of India in November 2002. As part of its strategy to ...
Kirloskar Brothers bags NTPC order
MUMBAI: Kirloskar Brothers has informed the Bombay Stock Exchange that the company has received an order worth Rs. 65 crores from the National Thermal Power Corporation (NTPC), Kahalgaon Super Thermal Power Project Stage - II (3 x 500 MW). Under ...
New Mangalore Port's feat
MANGALORE: The New Mangalore Port (NMPT) handled 26.67 million tonnes of traffic in 2003-04 against 21.43 million tonnes of traffic in 2002-2003, registering 24.46 per cent growth rate, according to G. J. Rao, Chairman (in-charge), NMPT. ...
Acer launches new consumer desktop series
BANGALORE: Acer has introduced a new consumer desktop series, the Aspire T310, to leverage increasing convergence between home PCs and home entertainment centres. ``The Aspire T310 is a multimedia and entertainment `powerhouse' with features ...
RINL signs MoU wioth the Steel Ministry
VISAKHAPATNAM: Rashtriya Ispat Nigam Ltd., the public sector holding company of Visakhapatnam Steel Plant, has signed a memorandum of understanding (MoU) with the Ministry of Steel, committing a production of 4.2 million tonnes of hot metal ...
Syndicate Bank cuts interest rates
HYDERABAD: Syndicate Bank has announced reduction and realignment of its lending rates. The reduction (with effect from April 1) results in lowering of interest rates by 50 basis points to all customers who have credit facilities carrying ...
CIFC, ChrysCapital invests in IVRCL
HYDERABAD: IVRCL Infrastructure & Projects announced that Citicorp International Finance Corporation (CIFC), which is a unit of Citigroup Global Investments, and ChrysCapital, LLC, Mauritius, have invested Rs. 78 crores in the company. ...
J&K Bank ties up with Western Union
NEW DELHI: The Jammu and Kashmir Bank and Western Union Financial Services Inc., an international leader in money transfer services, and its primary agent Kuoni Travels on Friday entered into a strategic tie-up to provide inbound money transfer ...
Headstrong to expand product portfolio
NEW DELHI: Headstrong, a $100 million global consultancy, on Friday announced its vision to emerge as a leading player in the U.S. Financial Services market by the year 2005. To achieve this objective, the company will focus on expanding its ...
P&G cuts shampoo prices
NEW DELHI: Procter & Gamble (P&G) has slashed the prices of its leading shampoo brand, Pantene, by as much as 16 per cent. The move is aimed at further strengthening P&G's hold in the shampoo market. Stating that prices had been reduced to pass ...
Siemens shares delisted from DSE
MUMBAI: Siemens has informed the Bombay Stock Exchange that the equity shares of the company have been delisted from the Delhi Stock Exchange from March 31.
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