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Tuesday, November 11, 2008
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BUSINESS
Export tax on iron ore fines modified
The raw material will attract 8% ad valorem

Slowdown hits steel sector
Companies resort to production cuts taking cue from European giant Corus

eScooters from Murugappa stable
The scooters will be produced by BSA Motors, a strategic business unit

3 oil PSUs get special bonds
NEW DELHI: The Union Government on Monday announced the issue of ‘8.20 per cent Oil Marketing Companies Government of India Special Bonds, 2023’ for a nominal value of Rs. 22,000 crore at par to the three public sector oil ...

AIG offered fresh financial package
WASHINGTON: The U.S. government on Monday provided new financial assistance to troubled insurance giant American International Group, including pouring $40 billion into the company in return for partial ownership. The action was ...

Delphi Corp’s Chennai facility in three phases
Foundation laid for the electronics hub at Oragadam

L&T consortium bags Mumbai monorail project
Will connect suburban and forthcoming metro rail stations

RPG companies go in for production cut
KOLKATA: A few companies in the Rs. 14,000-crore R. P. Goenka group have gone in for production cuts in the wake of the global financial meltdown. The companies include tyre manufacturer Ceat and carbon black maker Phillips Carbon Black Ltd. ...

Second power exchange launched
NEW DELHI: The operations of the country’s second power exchange, Power Exchange India Ltd (PXIL), was launched on Monday. It was promoted as a joint venture between National Stock Exchange and National Commodity and Derivatives Exchange ...

Other Stories

SNAPSHOTS


Barometer


Briefly
Synaptris partners Nexstep InfoTech
CHENNAI: Synaptris and Nexstep InfoTech Pvt. Ltd. have entered into an OEM partnership to integrate IntelliVIEW, a product of Synaptris. IntelliVIEW is a flexible reporting and analysis solution, which would integrate with Nexstep’s ...

Trivitron, Boston in distribution pact
CHENNAI: Trivitron group has announced an exclusive distribution agreement with Boston Scientific Corporation of the U.S. According to a release, the agreement grants Trivitron the exclusive right to market and distribute Boston ...

Canara Bank reduces home loan rates
BANGALORE: Canara Bank has reduced interest rates (floating) by 75 basis points on housing loans sanctioned on or after November 10. For tenures of up to five years, the rate will now be 9.50 per cent for loans up to Rs. 30 lakh and 10.25 per ...

Satyam buys Motorola unit in Malaysia
KUALA LUMPUR: Satyam has acquired Motorola’s software development centre (SDC) in Cyberjaya. All 128 employees, along with the unit’s assets, will be shifted to Satyam. The SDC is part of Motorola’s home and networks mobility ...

Wipro arm launches range of office furniture
BANGALORE: Wipro Furniture, part of Wipro’s consumer care and lighting group, has launched a new range of modular office furniture, I’M. Group President Vineet Agrawal told reporters that “Wipro is investing Rs. 100 crore on ...

Frost & Sullivan award for SpiceJet
CHENNAI: Frost & Sullivan will be awarding the “2008 emerging company of the year award for Indian commercial aviation” on SpiceJet. The award will be handed over formally to SpiceJet on November 20 in London at a special ...

Infosys wins Banking Technology Award 2008
LONDON: Infosys Technologies has announced that its Finacle universal banking solution featured in two awards at the Banking Technology Awards 2008. According to a release, Finacle was `highly commended’ in the Best Core Banking Product ...




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