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Friday, October 27, 2006
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Micro-credit leads to a silent revolution
The system is being implemented in four districts in State

BUSINESS
NMCC seeks safeguards for SEZs
Plan for big push to manufacture of advanced technology products

ICICI Bank, Sixt form alliance for car leasing
Sixt will take up operational responsibilities

Sensex recovers 75 points
MUMBAI: The Sensex recouped part of the recent losses as firm trend in global bourses and the U.S. Federal Reserve's decision to keep the interest rates unchanged triggered fresh buying. Short covering in derivatives due to expiry of October ...

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Barometer


Briefly
Conference on microfinance
NEW DELHI: Microfinance India on Thursday announced that the third annual microfinance conference would be held here on October 30 and 31 when the State of the Sector Report 2006 would be ...

Motorola CEO to visit next week
NEW DELHI: The U.S. telecom major Motorola's worldwide Chief Executive Officer Ed Zander is visiting India next week and is expected to meet IT and Communication Minister Dayanidhi Maran. ...

Hinduja TMT to buy U.S.-based BPO firm
MUMBAI: Hinduja TMT (HTMT) on Thursday said it had signed a definitive agreement for the acquisition of the U.S.-based BPO company, AFFINA, for an undisclosed amount. ...

Wipro acquires 3D Networks, Planet PSG
BANGALORE: Wipro Infotech has acquired the India, Middle East and SAARC operations of 3D Networks and Planet PSG in a cash deal of $23 million. ...

Capgemini to takeover Kanbay
PARIS: IT consultancy Capgemini is buying technology services group Kanbay International for $1.25 billion to accelerate its growth in India and bolster its position in finance consulting in North America. ...

Wealth Zone retail outlet opened
COIMBATORE: Wealth Advisors (India) Pvt. Ltd., a subsidiary of the JV Gokal Group, has opened its retail outlet (Wealthzone) here. According to its Chief Executive Officer, V. Mahadevan, about 70 more outlets will be added in another two years ...

M & M net profit up in Q2
MUMBAI: Mahindra and Mahindra has reported a profit after tax of Rs. 270.51 crore for the quarter ended September 30, 2006, against Rs. 158.70 crore in the corresponding period in 2005. Gross sales were higher at Rs. 2,817.21 crore against Rs. ...

GM Pens launches Reynolds Writesite
CHENNAI: GM Pens International Pvt. Ltd. has launched Reynolds Writesite, an exclusive chain of writing instruments stores. It has opened nine stores in Chennai, Delhi and NCR, Hyderabad, Indore, Ahmedabad and Kochi. The stores have a wide range ...

Laser Soft solution for South Indian Bank
CHENNAI: Laser Soft Infosystems, a banking software product company, will be providing browser-based credit appraisal and monitoring solutions to The South Indian Bank Ltd. The product, Loanflo, would help the bank automate completely the ...

Vasanth & Co. opts for SAP
CHENNAI: Vasanth & Co, a leading Chennai-based chain store dealing in consumer electronics and home appliances, said it had chosen to implement mySAP ERP 2005 across its 41 showrooms to enhance operations and enter the next phase of its growth .

Carrier Aircon to merge with Carrier Refrigeration
CHENNAI: Carrier Corp., a subsidiary of United Technologies Corporation, has announced the merger of Carrier Aircon with Carrier Refrigeration Private Limited. According to a release, the companies which have been operating in India through two ...

New VP for Maples ESM
CHENNAI: Maples ESM Technologies, part of the Baring Equity International, a leading name in IT remote infrastructure and enterprise systems management (ESM) and enterprise application services, has appointed Javid Ahmed as Executive ...

Heidelberg India to hold seminar on printing
KOCHI: : Heidelberg India will hold a seminar on `Printing in a competitive environment' at the Taj Residency hotel here on Friday. Heidelberg India General Manager (Business Development) Guenther Keppler will speak on the topics `Defining ...

Dove Multimedia launches nursery rhyme CDs
KOCHI: : Dove Multimedia has launched two compact discs (CDs) of nursery rhymes in Malayalam. Each CD has 35 songs. Noted singer Rimy Tomy has given her voice for the nursery rhymes, Karthik, Director, Dove Multimedia, said here on Thursday. The ...

Essay writing competition
KOCHI: : Dhanam , a business magazine in Malayalam, will organise an article writing competition for students, professionals and entrepreneurs. The essay, in Malayalam or English, should not exceed 1,200 words, a press release said. Each ...

IBM campus recruitment
KOCHI: : The campus recruitment by IBM for the 2007 batch B.Sc and BCA students will be held from 8 a.m. at St. Teresa's College here on November 4 and at Mar Ivanios College, Thiruvananthapuram on November 18, a press release said. Final year ...

Vasan Eye Care Hospital's awareness programme
KOCHI: : Vasan Eye Care Hospital is conducting an awareness programme for the people of central Kerala. A road show is on and will be touring various places till November 30. Geevarghese Mar Osthathious flagged off the road show, a press release ...

`Mochi' comes to Kochi
KOCHI: : `Mochi,' a trendy name in footwear, has come to the city. According to a release, the company is offering twenty per cent discount as an inaugural offer and ten per cent off on Florsheim and other premium brands. The range was ...

Paramount Airways launches first class services
KOCHI: : Paramount Airways, promoted by the Paramount group, a textile, has launched its first class services. The services were available on the Chennai, Bangalore and Hyderabad sectors and would soon be extended to other sectors, which included ...

GSK Consumer pays Rs. 10 interim
MUMBAI: GlaxoSmithkline Consumer Healthcare has declared an interim dividend of Rs. 10 per equity share for the year ending December 31, 2006. The company has posted a profit after taxation of Rs. 36.23 crore for the quarter ended September 30, ...

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