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Friday, January 06, 2006
Rail container services open to private sector
Companies and individuals registered in India will be permitted
PC sales go up 36 p.c. in H1
Higher consumption by industry verticals
Maruti floor price fixed at Rs. 620
NEW DELHI: The Union Government has fixed the floor price of Maruti Udyog shares at Rs. 620 per share for selling its eight per cent equity stake in the company. According to a Finance Ministry official, this was decided at a meeting of the ...
Sensex drops 30 points on profit taking
MUMBAI: In highly volatile trading, the Sensex on Thursday touched a new peak of 9679.72, but later turned sharply weak and closed 30.34 points lower at 9617.74 on the Bombay Stock Exchange on emergence of profit taking at higher ...
Microsoft showcases latest plans
Gates announces a major operating system upgrade
SBI to retain 15 p.c. of IMD money
NEW DELHI: State Bank of India would retain about 15 per cent of the $7.3 billion (over Rs. 4,000 crore) that was being repaid to NRI investors of India Millennium Deposit, SBI Chairman A. K. Purwar said after meeting Finance Minister P. ...
OBC to raise Rs. 500 cr. in bonds
NEW DELHI: Oriental Bank of Commerce plans to raise Rs. 500 crore in Tier-II capital in the second week of this month to sustain over 20 per cent growth in business by the end of this fiscal, OBC Chairman, K. N. Prithviraj told PTI ...
FMC Fund to be launched soon
MUMBAI: The Forward Markets Commission (FMC) need not wait till it gets autonomy to launch the investor protection fund, FMC Fund, and it is working to launch the fund soon, FMC Chairman S. Sundareshan told PTI here. ...
Dollar at two-month low
NEW YORK: The dollar fell to a two-month low against the euro on Wednesday on expectations that U.S. interest rates will soon stop going up, depriving the greenback of its biggest investment appeal. ...
Shell agrees to settle federal charges
WASHINGTON: Federal commodity-trading regulators on Wednesday announced that a subsidiary of Royal Dutch Shell PLC has agreed to pay a $200,000 penalty to settle charges of making "fictitious'' trades of crude oil futures contracts. ...
L&T to raise $100 m through FCCB issue
MUMBAI: Larsen & Toubro on Thursday said it will raise $100 million through the issue of Foreign Currency Convertible Bonds (FCCB) in the overseas markets for financing its capital expenditure and international acquisition plans. The FCCBs have
IFC invests $600,000 in Turbo Tech
BANGALORE: The International Finance Corporation (IFC), the private sector arm of the World Bank, has made an equity investment of $600,000 in the Bangalore-based turbine maker TurboTech Precision Engineering Private Limited. The investment will ...
Ucal Fuel divests stake in Engelhard
CHENNAI: Ucal Fuel Systems Ltd (UFSL) disinvested its 30 per cent stake in Engelhard Environmental Systems (India) Private Limited in favour of Engelhard Asia Pacific LLC of the U.S. This is in line with its group's policy of substantially ...
IOB raises Rs. 250 cr. Tier-II bonds
CHENNAI: Indian Overseas Bank has raised Rs. 250 crore of unsecured redeemable non-convertible subordinated bonds, through private placement on January 4. According to a release, the issue was fully subscribed on the date of opening. AK Capital ...
Nitin Spinners fixes price band at Rs. 18-21
NEW DELHI: The Rajasthan-based Nitin Spinners, an export oriented unit, announced on Wednesday its initial public offering to raise Rs. 49 crore through the book-building route to part fund its expansion programme involving an investment of Rs. ...
UTI Bank, UTI MF launch new service
CHENNAI: UTI Mutual Fund and UTI Bank have come together to launch a new service that will help investors to subscribe to as well as redeem investments in UTI Mutual Fund schemes through the bank's nationwide network of over 1,820 ATMs. This ...
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