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Wednesday, June 09, 2004
Flextronics buys 55 p.c. stake in Hughes Software
NEW DELHI, JUNE 8. The Singapore-based Flextronics today announced the acquisition of Hughes Network Systems' entire stake of 55 per cent in Hughes Software Systems (HSS), a leading provider of software products and services to telecom ...
Non-revision of oil prices may hit IOC profit
NEW DELHI, JUNE 8.The profit of Indian Oil Corporation (IOC) is likely to be affected this year unless a decision to revise the prices of petroleum products is taken soon. The company has already made losses of Rs. 504 crores on petrol and diesel ...
World Bank pegs GDP growth at 6 p.c.
NEW DELHI, JUNE 8.An upbeat World Bank today said the Common Minimum Programme (CMP), emphasising reforms with human face, will spur socio-economic development in India, but contested the UPA Government's target that the GDP will grow at 7 to 8 ...
Cellular subscriber base at 2.8 cr.
NEW DELHI, JUNE 8. Over nine lakh new cellular (GSM) subscribers were added in May to take the total subscriber base to over 2.81 crores. However, there was a decline in growth as only 9.79 lakh new subscribers were added in May as compared to ...
Gulf Oil acquires drug unit
MUMBAI, JUNE 8. Gulf Oil Corporation has informed the Bombay Stock Exchange that the company has acquired the manufacturing facility of a bulk drug unit at Hyderabad under the Securitisation and Reconstruction of Financial Assets and Enforcement ...
Birla Sun's Credit Guard Plan
MUMBAI, JUNE 8. Birla Sun Life Insurance today launched Credit Guard Plan, as part of its group product portfolio. The plan provides life cover ranging from Rs. 50,000 to Rs. 1 crore. Under this scheme, the lending institution is the ...
Sri Lankan rupee sinks
COLOMBO, JUNE 8. The Sri Lankan rupee sank to its lowest level ever against the U.S. dollar today, the central bank said, amid fears that the country's civil war could resume. The dollar bought 100.13 rupees in afternoon trading, rising from ...
SHFL opens Pondicherry office
PONDICHERRY: The Pondicherry office of Sundaram Home Finance Ltd., having jurisdiction over Pondicherry, Cuddalore and Chidambaram to provide home loans, was opened here on Monday. A release from the Pondicherry office of the company said that ...
Satyam bags Khanna Paper contract
CHENNAI: Satyam Computer Services has won a contract from Khanna Paper to provide Oracle application support. This enables the company to address the bottlenecks at the operational and strategic levels. According to a release, Satyam will provide ...
MAARS offshore development centre
CHENNAI: MAARS Software International is setting up an offshore development centre for customers in the U.S. It has secured an order for offshore development and maintenance of ERP applications from Information System Export Inc, according to a ...
GMM Pfaudler pays 25 p.c. second interim
CHENNAI: GMM Pfaudler Limited, a market leader in glasslined corrosion resistant reactors and storage tanks for the pharmaceutical and chemical industry and a subsidiary of Pfaudler Inc, has announced a second interim dividend of 25 per cent for ...
Nicholas' pact with French firm
MUMBAI: Nicholas Piramal India Ltd. (NPIL) has announced a strategic alliance with Laboratories Pierre Fabre of France to exclusively market the dermo-cosmetics and dermatology range of products in India. The range includes products for skin and ...
WorldSpace receives NDTV channel
CHENNAI: WorldSpace, the satellite radio company, will receive NDTV news channel. Both Hindi and English channels will be aired on the WorldSpace network, says a release. The broadcast will come through global beam on PanAmSat's PAS-10 satellite, ...
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