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Tuesday, August 01, 2006
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Deposit scheme for IT benefit notified
Overall ceiling of Rs. 1 lakh fixed for tax purposes

Sugar export ban to be reviewed
States to be consulted after crushing season begins

ONGC share sale helps IOC post profit
Actually the company is suffering losses on sales of products

Report on convertibility submitted
MUMBAI: The S. S. Tarapore committee on fuller capital account convertibility submitted its report to the Reserve Bank of India (RBI) on Monday. However, the RBI stated that it would place the report in the public domain in due course. Prime ...

NASDAQ trading from Infosys campus
First company in Asia to be bestowed the honour; Mysore gets remote belling opportunity

Orchid buys out Bexel
To integrate drug discovery programmes

IndiGo to fly from Aug. 4
The maiden flight will be on the Delhi-Guwahati sector

Other Stories



Barometer


Briefly
Lotus India AMC gets SEBI nod
NEW DELHI: The Securities and Exchange Board of India has permitted Lotus India Asset Management Company Pvt. Ltd. to start its mutual fund operations in India. The fund house is a joint venture between Fullerton Fund Management Group, a ...

Deadline extended for short code messaging
NEW DELHI: Mobile operators have got a reprieve with the Telecom Regulatory Authority of India allowing them to continue with their existing short messaging codes for SMS services by extending their compliance period, following the Government's ...

Dispute over Ranbaxy founder's Will settled
NEW DELHI: The long-pending dispute over the Will of Ranbaxy founder Bhai Mohan Singh appears to have been resolved between Ranbaxy Chairman Malvinder Singh and his uncle Max Healthcare Chairman Analjit Singh. The other uncle, Bhai Manjit Singh, ...

Centre notifies CAS for 3 metros
NEW DELHI: Conditional Access System, which allows cable TV viewers to pick channels of their choice and pay subscription only for them, is all set to become a reality in Delhi, Mumbai and Kolkata with the Government issuing a notification for ...

Basant Wire Industries ties up with U.S. company
COIMBATORE: Basant Wire Industries Ltd., manufacturers of high precision steel pins and pinned products for textile applications, has entered into an agreement with Stewarts of America. According to a release from the U.S. company, Basant Wires ...

Dhanalakshmi Bank's savings festival
TIRUCHI: Dhanalakshmi Bank has announced a savings festival from August 1 to September 30. The focus will be on current account deposit, savings, term deposit, NRE/FCNRB accounts and the like. The bank would introduce an insurance-linked ...

MRO-TEK to focus on five growth areas
CHENNAI: MRO-TEK will be focusing on five areas to increase its sales revenue and market share in the current year. Increasing channel partners, providing enhanced broadband management, research and development, application specific products and ...

1:1 bonus from Maharaja Shree Umaid Mills
MUMBAI: Maharaja Shree Umaid Mills, a cotton yarn and fabric making company, has recommended a bonus issue in the proportion of one share for every equity share held, subject to necessary ...

Sun TV revenue up
CHENNAI: Sun TV has achieved a total income of Rs. 99.04 crore for the quarter ended June 30, 2006, against Rs. 74.68 crore in the corresponding period in 2005-06. According to a company release, it has achieved a profit after tax of Rs. 42.23 ...

Ashok Leyland Q1 sales up 33 p.c.
CHENNAI: Ashok Leyland has registered a 33.2 per cent growth in sales at Rs. 1,641.37 crore in the first quarter ended June 30, 2006, against Rs. 1,231.91 crore in the corresponding period in 2005-06. . The profit after tax, before extraordinary ...

Sundram Fasteners net profit up marginally
CHENNAI: Sundram Fasteners has reported total sales and other income of Rs. 291.28 crore against Rs. 252.39 crore. Export sales have increased by 21 per cent to Rs.88.21 crore from Rs. 72.56 crore. The net profit, after tax was marginally higher ...

SpiceJet inducts two Boeing aircraft
NEW DELHI: With the induction of two new generation Boeing 737-800 aircraft into its fleet of six, the low-cost private domestic carrier SpiceJet on Monday announced expansion plans of its existing network, launching five new sectors and ...

Sequenom ties up with TCS
MUMBAI: : Sequenom Inc., a leading provider of genetic analysis solutions for epigenetic analysis, fine mapping and molecular medicine on Monday announced that it has entered into an agreement with Tata Consultancy Services to develop software ...

Nipuna partners with Provade
HYDERABAD: Nipuna Services Ltd., Satyam's BPO arm, has entered into strategic partnership with Provade Inc., a leader in on demand procurement services. Under the partnership, the two companies will provide customers with services in procurement ...

IVRCL Q1 net up by 31.5 p.c.
HYDERABAD: IVRCL Infrastructures and Projects Ltd., a leading infrastructure development company, has posted income from operations of Rs. 434 crore during the first quarter of the current financial year ended June 30. This is 44.32 per cent ...

Wockhardt Hospitals' pact with IndUS Health
BANGALORE: Wockhardt Hospitals, India's leading healthcare provider group, has entered into a strategic tie-up with the U.S.-based IndUS Health Inc., a global healthcare service, to link uninsured and self-insured Americans to affordable, high ...

Warburg Pincus invests in Lemon Tree Hotels
CHENNAI: The New Delhi-based Lemon Tree Hotels on Monday announced that Warburg Pincus, a leading global private equity firm, is investing Rs. 210 crore in the company. The investment will be used to further expand the Lemon Tree network and ...




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