The Hindu : Business News : Friday, April 21, 2006

Online edition of India's National Newspaper Friday, April 21, 2006

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Sensex crosses 12000-mark
Last 1000 points gained in 16 sessions; S&P rating influences sentiment

India, Pakistan reaffirm duty cut
Immediate beneficiaries will be Bangladesh, Bhutan, Maldives, Nepal and Sri Lanka

AMCO Batteries to double turnover
Hopes to post year-on-year growth of 30-35 p.c.; company totally debt-free

Biocon net profit declines 12 p.c. at Rs. 174 crore
Rising depreciation cost pulls down profit

Other Stories

Left support taken only in nation's interest: Sonia

Philips launches DGTV

Parryware Glamourooms' plans

ABL Bio launches new products

Sify posts net profit in fourth quarter

Rupee loses ground against $

TCS to focus on China

Barometer

Exchange rates

Bullion rates

Briefly
RPL option to investors
CHENNAI: Reliance Petroleum Limited (RPL) has said that Reliance Industries (RIL), promoter of RPL, will be transferring 22.50 crore equity shares of RPL out of the minimum contribution of 20 per cent subscribed by it (representing five per cent ...

Infosys buys out Citi's stake in Progeon
BANGALORE: Infosys Technologies LTD. has agreed to buy the 23 per cent stake held by Citicorp International Finance Corporation ("Citi'') in its BPO subsidiary Progeon Limited in a deal worth Rs. 518 crore ($115.13 ...

PI Drugs to acquire Elixir Chemicals
MUMBAI: PI Drugs & Pharmaceuticals has decided to acquire the unlisted pharma company Elixir Chemicals for Rs. 7 crore in an all-cash deal.

DGFT clarification
NEW DELHIMUMBAI: The Directorate General of Foreign Trade on Thursday clarified that second hand capital goods, which do not fall under the category of remanufactured capital goods, are freely importable without a specific licence. RIL-NTPC ...

1:1 bonus from Sona Koyo
MUMBAI: Sona Koyo Steering Systems, manufacturer and supplier of steering systems, has recommended a bonus issue in the ratio of one share for every equity share ...

Herbalife opens 12th centre in India
CHENNAI: Herbalife International India Pvt. Ltd., a global network marketing company offering a range of science-based nutrition management products and nutritional supplements, inaugurated its sales centre in Chennai on Thursday, the 12th in ...

Central Bank hikes NRE deposit rates
MUMBAI: Central Bank of India has increased the interest rates on non-resident external (NRE) rupee time deposits by 30 basis points across all maturities with effect from April 19. Now, NRE time deposits will attract 6.3 per cent interest rate, ...

Drug Controller nod for BOTOX's hyperhidrosis
CHENNAI: BOTOX (Botulinum Toxin Type A) has been granted approval for Hyperhidrosis (excessive sweating), Glabellar lines (frown lines) and Hyperkinetic facial lines (facial lines) by the Drug Controller General of India. Allergan Inc is the ...

Indium Software gets funding
CHENNAI: Indium Software (India) Ltd., provider of software test automation and quality engineering solutions, has secured $1 million funding from IRIS Capital Ventures for its technology and market expansion programme. Addressing a press ...

Godrej launches ZOP refrigerators
CHENNAI: Godrej and Boyce Manufacturing Company-Appliance Division has announced yet another technology revolution with its large range of refrigerators made using ZOP (zinc oxide protection) technology. Godrej is also offering a 10-tear ...

Lakshmi Vilas Bank reaches target
CHENNAI: Lakshmi Vilas Bank has achieved the targets fixed for 2005-06 under deposits and advances. As per provisional figures, the bank's business crossed Rs. 7,300 crore as on March 31, 2006, from Rs. 5,800 crore in the previous year, a growth ...

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