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Wednesday, June 21, 2006
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EMC Corporation to invest $250m
The company will double the headcount in the third phase of expansion

Bharti to invest $13 b in five years
70 per cent of investment will go to expansion

8 global cos. bid for wheat order
Quality norms relaxed to enable bids

Cross-strait movement of goods will help improve Taiwan economy: WTO
Trade plays a predominant role in the nation's economy

Karnataka State Cabinet set to amend APMC Act
The draft legislation will be placed by Thursday or Friday

Jet still awaits clearance
Deadline for escrow account deal set to expire

Other Stories



Barometer


Briefly
Government allots coal blocks
NEW DELHI: The Union Coal Ministry on Tuesday approved allocation of 19 coal blocks with reserves of 7,436 million tonnes. Coal Minister Shibu Soren said the current allocation would empower the State governments to promote industrialisation by ...

SBI launches multi-city cheque facility
NEW DELHI: State Bank of India has launched a facility to enable corporate customers issue cheques in various parts of the country payable at par locally. The multi-city cheques facility will be extended to all corporate customers of SBI, a bank ...

IOC commissions PTA plant at Panipat
NEW DELHI: The Indian Oil Corporation (IOC) has commissioned the country's largest purified terephthalic acid (PTA) plant at its Panipat refinery. ...

Gas hydrates reserves in KG Basin
NEW DELHI: A government-run programme has struck significant reserves of gas hydrates, that can produce natural gas, in the Krishna Godavari Basin, off the east coast. ...

Arcelor postpones key shareholders' meeting
BRUSSELS: Arcelor SA has cancelled an extraordinary general meeting scheduled for this week amid shareholders' concern over the company's tactics in a fight to fund off a hostile takeover bid by rival Mittal Steel Co. ...

Refex Refrigerants ties up with Godrej and Boyce
CHENNAI: : Refex Refrigerants has announced that it has signed a strategic agreement with Godrej and Boyce Manufacturing Company. Through this agreement, Godrej and Boyce will market HFC based Refex refrigerant gases through their dealers and ...

Usha International net profit up 63 p.c.
CHENNAI: Usha International, a Siddharth Shriram group company, has achieved 63 per cent increase in net profit at Rs. 10.37 crore for the year ended March 31, 2006, against Rs. 6.36 crore in the previous year. The gross profit has increased to ...

Financial Technologies' PAT at Rs. 69 cr.
CHENNAI: : Technology solutions provider for capital, commodities and forex markets, Financial Technologies (India), has announced its audited financial results for the year ended March 31, 2006. It recorded gross revenue of Rs. 201.23 crore. Its ...

Sunham and Bristol get stakes in Minar Intl.
CHENNAI: : Minar International, exporter and manufacturer of made-ups to the U.S. markets, has allotted equity shares constituting 8.85 per cent of the pre-issue capital of the company, through private placement to Sunham and Bristol, two of the ...

Gulf Oil launches Gulf Gold Hungama scheme
CHENNAI: : Gulf Oil Corporation has launched `Gulf Gold Hungama', a scheme for its retailers across the nation. The scheme requires retailers to purchase selected Gulf Oil products and packs from authorised distributors, with a minimum quantity ...

IDBI portal launches `Trade over Phone'
CHENNAI: : www.idbipaisabuilder.in, the online trading portal of IDBI Capital Market Services, has launched a `Trade over Phone' feature, which enables its investors to trade by dialling a toll-free ...

Ashok Leyland gets ISO/TS 16949
CHENNAI: Ashok Leyland has received ISO/TS 16949 Corporate Certification. K. Madhok, Managing Director of Indian Register Quality Systems (IRQS), presented the certificate to R. Seshasayee, Managing Director of Ashok Leyland. Affiliated to the ...

AppLabs' new CFO
HYDERABAD: AppLabs Technologies, a leading software testing and development services company, has appointed Mohan Krishna Reddy as its Chief Financial Officer. Mr. Reddy will be responsible for all financial functions at AppLabs Technologies ...

Paramount to make garments from bamboo fibre
CHENNAI: Paramount Fabrics India, a technical-textile subsidiary of Paramount Textile Mills, has entered into the manufacturing of premium men's wear garments made of bamboo fibre (regenerated cellulose fibre made from bamboo). It envisages the ...

14 p.c. drop in Oriental Insurance net profit
NEW DELHI: Oriental Insurance Company Ltd. (OIC) has recorded a 14 per cent decline in its net profit at Rs. 284 crore in 2005-06 although its premium income increased by 16.8 per cent to Rs. 3,610 crore from Rs. 3,090 crore in 2004-05. The ...


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