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‘Inflation will be brought in alignment with policy’
RBI will continue to take calibrated measures, says Reddy

Saint-Gobain to set up second unit at Bhiwadi
An investment of Rs. 1,000 crore envisaged

ONGC exits Kakinada Refinery
NEW DELHI: Ending months of speculation, Oil and Natural Gas Corporation (ONGC) on Monday decided to exit from the proposed Rs. 25,000-crore refinery and petrochemical complex at Kakinada in Andhra Pradesh, terming it as an unviable venture. ...

Tata Power net up 25 %
Plans to add 10,000 MW capacity in the next five years

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Barometer


Briefly
Cambridge Tech acquires U.S. firm
BANGALORE: IT services provider Cambridge Technology Enterprises, with development centres in the U.S. and India, has acquired CellExchange, an American system integrator. The total deal size is $15 million. Cambridge Technology CEO Bhaskar ...

Software for construction industry
MANGALORE: Intelligent Decision Systems India Pvt. Ltd., a wholly-owned subsidiary of IDSI International, has released Contura, its new generation project lifecycle management (PLM) software for the construction industry here. The software ...

Oracle introduces Retail Release 13
BANGALORE: Oracle has introduced its Retail Release 13, a software application for the retail sector. Retail chains in segments from fashion to grocery can use the software to make better supply chain decisions, according to a release. — ...

Tech Mahindra pact with Telecom New Zealand
NEW DELHI: Tech Mahindra has signed a deal with Telecom New Zealand to provide solutions to the company’s retail business and the products it offers. The deal is worth between $20 million and $30 million and will see Tech Mahindra taking ...

Seaways acquires two vessels
HYDERABAD: Seaways Group has purchased two sister vessels — MV “Seaways Venture” and MV “Seaways Valour”. Both the vessels are 1164 TEUs (twenty-foot equivalent units) capacity with 125 Reefer plugs each. The two ...

SPEL Semiconductor to drop SEZ project
CHENNAI: SPEL Semiconductor has decided to approach the Ministry of Industries for making due representation to withdraw/cancel its approval for establishment of Special Economic Zone as the company is not in a position to execute the project, ...

Dextrasys to create employment opportunities
CHENNAI: Dextrasys Technologies, a Tiruchi based knowledge services organisation, has been supporting clients in the U.S. and the U.K. in science and engineering research, market research and financial research services. The company has plans ...

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