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Friday, May 13, 2005
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    RBI guidelines for private bank M&As announced
    Strict compliance with insider trading norms

    Wal-Mart chief seeks FDI in retail sector
    The company hopes for policy change to enter India

    CPCL posts higher sales and profits
    Recommends 120 p.c. dividend for 2004-05

    Philips sets eyes on water purification
    To re-position as lifestyle and technology company

    Other Stories


    Essar Steel to double capacity
    HAZIRA: The Rs 20,000-crore Essar Steel embarked on a massive expansion plan to double its capacity from 2.4 million tonnes to 4.6 million tonnesby the middle of the next year at a cost of over Rs. 2,000 crores. On Thursday, the Gujarat Power ...

    1:1 bonus from Havells India
    MUMBAI: Havells India has recommended a dividend of 50 per cent (Rs. 2.50 per share on equity share of Rs. 5 each) for 2004-05. The board has also recommended the issue of bonus shares in the ratio of one share for every equity share held. The ...

    Ashapura's alumina project in Gujarat
    MUMBAI: Ashapura Minechem has received in-principle approval from the Gujarat Government to set up a one million tonne alumina project in Kutch, Gujarat. The Rs. 2,500-crore project is being set up in a 50:50 joint venture with Sichuan Aostar ...

    Agro Tech to sell stake in Advanta
    HYDERABAD: Agro Tech Foods has decided to sell its entire investment in Advanta India Limited to Advanta Finance B.V., a wholly-owned subsidiary of Advanta Netherlands Holdings BV. for a consideration of Rs. 28.80 crores, subject to signing of ...

    Bajaj Tempo is now Force Motors
    MUMBAI: After five decades of existence as Bajaj Tempo, the company has now officially changed its name to Force Motors Ltd. with the Registrar of Companies, Maharashtra, on Thursday issuing the certificate for name change. The new name comes ...

    SBI, PNB to share ATM network
    MUMBAI: State Bank of India has signed an agreement with Punjab National Bank (PNB) for sharing its ATM network. PNB has a network of 560 ATMs and is a member of `Shared ATM Network-MITR'. Cardholders of PNB can now use 5,290 ATMs of the SBI ...

    Yes Bank partners MasterCard
    MUMBAI: Yes Bank on Thursday launched its international gold and silver debit cards in association with MasterCard here. The international gold card would offer zero per cent surcharge on petrol bills across all petrol pumps. "Yes Bank's ...

    GAIL signs pact with IOC
    CHENNAI: GAIL (India) and Indian Oil Corporation have signed a joint venture agreement on Wednesday for implementing city gas projects in Agra and Lucknow. The agreement was inked by Proshanto Banerjee, Chairman and Managing Dirctor, GAIL, and ...

    Helios completes acquisition of 3 firms
    MUMBAI: Helios & Matheson has completed the acquisition of all three vMoksha companies located in the U.S., Singapore and Bangalore. According to a BSE release, the share purchase agreement was signed on May 11. The all-cash deal was closed at ...

    Fintreee sets up office in Kochi
    KOCHI: The Mumbai-based quality consultants, Fintree, has set up an office in Kochi. According to Nanda Mohan Shenoy, the State has a lot of potential for ISO as lots of BPOs are coming to the technology parks and tourism is a booming industry. ...

    Amara Raja to expand retail network
    HYDERABAD: Amara Raja Batteries Limited (ARBL) has aggressive plans to expand its retail network during this financial year. Addressing a press conference here on Thursday, G. Indeevar, head of Aftermarket, ARBL, said Andhra Pradesh was an ...

    A1 plus rating for Amex's CD programme
    NEW DELHI: Rating agency ICRA has assigned A1 plus rating to the Rs. 435 crore Certificate of Deposits programme of the Indian branches of American Express Bank Limited. The rating indicates highest credit quality assigned by ICRA to short-term ...

    Siemens bags Railways contract
    NEW DELHI: Aimed to rev up the `Mobile train radio communication system' in India, the Siemens Communications group has bagged orders to introduce GSM-R in two additional zones of the Indian Railways. Siemens will build the GSM-R network for the ...

    New MD for WorldSpace India
    NEW DELHI: WorldSpace India Private Ltd. has appointed Deepak Varma as its new Managing Director to head its Indian operations. Mr. Varma will lead the company through its planned multi-market rollout mapped for 2005, including the multi-metro ...

    Porsche launches sports car
    NEW DELHI: Hoping to cash in on the expanding luxury car market, the German car major, Porsche AG, on Thursday launched its sports car — 911 Carrera Cabriolet — here with a price tag of Rs. 75 lakhs onwards. The sports car will be ...

    Serena announces availability of Professional 9
    BANGALORE: Serena Software Inc., the world's largest company solely focused on managing change in the IT environment, on Thursday announced advanced new capabilities for Serena ChangeMan Professional that give the popular suite (formerly known as ...

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