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Tuesday, May 23, 2006
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No liquidity crisis, FM assures investors
Banks advised to provide ample funds

New initiatives to revive tea industry
Rs. 4,700-crore special purpose fund set up

South Indian Bank aims to achieve zero level net NPA
Bank hopes to do business worth Rs. 20,000 cr. this year

Decision by Govt. by month end
NEW DELHI: The Union Government is likely to take a decision on revising fuel prices by the end of this month, Murli Deora, Union Petroleum Minister, said here on Monday. Speaking to newspersons here on Monday, Mr. Deora said meetings would be ...

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Barometer


Briefly
Shares skid in Wall Street
NEW YORK: Wall Street shares skidded further on Monday, as downward momentum, following last week's slide, was reinforced by global stock market losses and falling commodity prices. The Dow Jones Industrial Average dropped 67.15 points to ...

Arcelor leaves door open for Mittal
LONDON: Leaving the door open for a multi-billion pounds takeover by its rival Mittal Steel, Luxembourg-based Arcelor has said it wants to "examine the contents'' of the latest offer. "The board will examine the contents of Mittal Steel's revised ...

Govt. plans SEZs to make drilling equipment
NEW DELHI: The Government is contemplating to set up special economic zones for manufacturing drilling equipment and rigs in order to tackle the problem of non-availability of the equipment, Director General of the Directorate General of ...

POSCO agrees to iron ore price hike
SEOUL: POSCO, the world's fifth-largest steel producer, said on Monday it had agreed to a 19 per cent price hike for the year to March 2007 with Anglo-Australian iron ore supplier Rio Tinto. ...

Bharat Card launched
COIMBATORE: Indian Bank launched Bharat Card, a credit card for the common man, at its Ganapathy Branch last week. According to a release, it was distributed to 15 customers of Ganapathy, Lawley Road and Raja Street branches. The Executive ...

Xenos appointed marketing partner for Bekaert
COIMBATORE: Bekaert, a U.S.-based company manufacturing a variety of professional grade solar control and safety window film products for automotive, residential, commercial and security applications, has appointed Xenos Technologies Ltd. as its ...

SpiceJet's first anniversary offer
NEW DELHI: SpiceJet, a private domestic carrier, has decided to celebrate its first anniversary in a unique way, offering 21,000 seats at Rs. 99 per seat. The sale will open on Tuesday at 10 a.m. and these tickets will be only available on ...

Nokia gets approval for next gen switching node
CHENNAI: Nokia on Monday announced that it has received an interface approval certification for its Next Generation 3GPP Release 4 based mobile softswitch from the Telecom Engineering Centre (TEC), Department of Telecommunications, Government of ...

Nasscom to create employee registry
CHENNAI: The National Association of Software and Service Companies (Nasscom) is creating an employee registry containing details of the workforce in the information technology industry. The decision to create the registry, to which the employees ...

OFS expands North American operations
CHENNAI: OFS (ObjectFrontier Software (P) Ltd, a global consulting and IT solutions provider, on Thursday announced the expansion of its North American operations by initiating a joint venture with OFS Canada, the Canadian arm of OFS. The new ...

Idea Cellular offers CBSE, VHSE results
KOCHI: Idea Cellular is offering CBSE and VHSE results through SMS and voice on May 23. Subscribers need to dial 4560275, and register their exam seat number. Calls to 4560275 will be charged at Rs 2.40 per minute. Subscribers are required to ...

Bank of Maharashtra in pact with United India
CHENNAI: Bank of Maharashtra will be selling various insurance products of United India Insurance Company. The Bank has launched `Mahabank Swasthya Yojana", a specially designed insurance scheme covering the entire family. This was launched at ...

IFFCO sales cross $2 billion
CHENNAI: Indian Farmers Fertiliser Cooperative Limited (IFFCO) has achieved 35 per cent growth in sales at Rs. 9,943 crore. It achieved a net profit of Rs.341 crore during the last fiscal. IFFCO has entered into a joint venture agreement with ...

Madhucon, NHAI sign concessional agreement
HYDERABAD: Madhucon Projects Ltd., a Hyderabad-based infrastructure development company, has signed a concessional agreement with the National Highways Authority of India for a BOT road project between Karur and Dindigul on NH-7 in Tamil Nadu. ...

Titan to expand retail outlets
BANGALORE: Titan Industries Limited will expand its retail outlets and manufacturing base with proceeds from the recently concluded rights issue which fetched over Rs. 126 crore, a company statement said here. The company has allotted 21.13 lakh ...




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