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BUSINESS
Panel rules out any increase in VAT rates
‘The Centre should go in for constitutional amendment to allow States to impose VAT on imports’

Power capacity addition, top priority for Jairam
NEW DELHI: Newly-appointed Union Minister of State for Power Jairam Ramesh on Tuesday said the Finance Ministry had given its clearance to the ambitious ‘accelerated power development and reforms programme’ (APDRP), aimed at ...

Hero Honda’s unit on stream
An additional investment of Rs. 150 crore envisaged

Sensex sheds 169 points
MUMBAI: The Bombay Stock Exchange turned weak on Tuesday with the benchmark Sensex shedding 169 points in line with sluggish trend in Asian and European markets, even as investors awaited the fourth quarter results of Indian ...

Olive oil prices set to decline
NEW DELHI: With the Centre reducing the customs duty on all grades of olive oil to 7.5 per cent from the previous rates of 45 per cent on virgin olive oil and 40 per cent on refined olive oil, prices of olive oil are likely to come down by up ...

Dip in Tirupur knitwear exports
TIRUPUR: For the first time in its history, the vibrant export centre of Tirupur registered a negative growth of around 10 per cent during 2007-08. The Tirupur Exporters’ Association (TEA), which is releasing the export figures ...

SEBI modifies Clause 49 provisions
MUMBAI: The Securities and Exchange Board of India (SEBI) on Tuesday made modifications to the existing Clause 49 of the Listing Agreement by including certain provisions, mandatory as well as non-mandatory. “If the non-executive ...

Religare to make foray into general insurance
To acquire U.K.-based Hichens Harrison for Rs. 440 crore

Other Stories



Barometer


Briefly
20 FDI proposals cleared
NEW DELHI: The Central Government on Tuesday cleared 20 foreign direct investment (FDI) proposals that will bring in Rs. 1,962.05 crore, including Rs. 924 crore by UTV Software Communications and the offer from cement manufacturer, Lafarge ...

Apex court reserves judgment
NEW DELHI: The Supreme Court on Tuesday reserved its judgment on a petition filed by Tata Industries seeking arbitration to resolve a dispute related to termination of its joint venture Idea Cellular with the Birlas. ...

Ranbaxy gets Japanese nod
MUMBAI: Ranbaxy Laboratories on Tuesday said it had received approval from Japanese Ministry of Health and Labour Welfare (MHLW-Japan) for marketing the generic version of Amlodipine tablets, used in the treatment of high blood pressure, in ...

Russia’s NDC ties up with CDSL
MUMBAI: The National Depository Center (NDC), the largest settlement depository in Russia, and CDSL of India signed a memorandum of understanding to build a close cooperative relationship between the depositories. ...

Sonata expands operations in Bangalore
CHENNAI: Sonata Software on Tuesday announced that it would set up a new facility, its fourth in Bangalore, in the Global Village SEZ. The new facility is envisaged to be expanded in phases, initially from 20,000 sq. ft. to a fully-developed ...

Avesthagen, Limagrain strengthen partnership
CHENNAI: Avesthagen, a leading knowledge-based life sciences company and its joint venture partner Limagrain on Tuesday announced the launch of an eco-friendly and biodegradable plastics for the Indian market. This biodegradable plastics is ...

Vitage Tech partners e-DMZ Security
CHENNAI: Vitage Technologies, an IT infrastructure and application management company, has partnered with the U.S.-based e-DMZ Security to bring to India granular, clientless, plug-and-play solutions to simplify remote secure access and ...

Carburettors buys out Mikuni’s stake in Ucal
CHENNAI: Carburettors, the Indian promoter of Ucal Fuel Systems, is buying the entire 26 per cent stake held by co-promoter Mikuni Corporation of Japan. According to a release, post-divestment, Ucal and Mikuni will cooperate in certain limited ...

L&T bags four contracts worth Rs. 1,687 crore
MUMBAI: Larsen & Toubro (L&T) has bagged four orders worth Rs. 1,687 crore from the Government of Rajasthan, Bhushan Steel (Orissa), Bokaro Steel Plant and the Damodar Valley Corporation (DVC). The orders are for water supply projects, ...

IDBI Capital appoints new MD and CEO
CHENNAI: IDBI Capital Market Services Ltd., an investment banking and financial services provider, announced the appointment of Nagendra Bhatnagar as the new Managing Director and CEO of the company. He has replaced Sushil Muhnot who returns ...




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