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Tuesday, March 07, 2006
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HPCL to invest Rs. 12,000 cr.
To expand refinery capacities and retail network

Taj Hotels forges alliance with Shilla of Korea
To develop cross-promotional opportunities

Bharat Biotech, Novavax tie up
To develop pandemic flu vaccine

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Barometer


Briefly
Verdict in Mumbai mills case today
NEW DELHI: The Supreme Court will pronounce on Tuesday its verdict on a bunch of petitions challenging the Bombay High Court judgment holding that the sale of surplus lands by the National Textile Corporation was contrary to the BIFR scheme and ...

Bill on electronic filing of documents
NEW DELHI: The Union Government on Monday introduced a Bill to provide for electronic filing of documents and payment of fees to the Registrar of Companies. ...

Gross tax collections up 21 p.c.
NEW DELHI: The Centre's gross tax mop-up at Rs. 2,57,558 crore till January 2006 in the current fiscal was up 21 per cent as compared to the same period in 2004-05, mainly owing to the buoyancy in income-tax, corporate tax and service tax ...

IL&FS Investsmart to restructure business
MUMBAI: IL&FS Investsmart Ltd. on Monday said it would transfer or sell off its various divisions to one or more subsidiaries. The shareholders have approved, through postal ballot, the transfer or selling off of its ...

Bank of China launches new service
HONG KONG: Bank of China (Hong Kong) Limited (BOCHK) announced here on Monday the launch of personal renminbi (RMB) cheque service that will enable customers to experience a new way of consumption when they travel to the Chinese mainland. ...

Workshop on energy efficiency in textile units
COIMBATORE: The Textiles Committee will organise an expo-cum-workshop at Erode on March 19 and 20 on energy efficiency in textile units. According to a release, the Textiles Committee had organised energy audit for select units in Erode and the ...

CII welcomes Bosch development centre
COIMBATORE: The Confederation of Indian Industry, Coimbatore Zone, has welcomed the decision of Robert Bosch India Limited, a part of the Bosch Group of Germany, to open a development centre in Coimbatore. This will be the second development ...

Office-bearers elected
COIMBATORE: : The following have been elected office-bearers of the Confederation of Indian Industry (Coimbatore Zone) for 2006-2007: Chairman — Jayakumar Ramdass (Managing Director, Mahendra Submersible Pumps Private Limited), ...

KVB increases FCNR rates
CHENNAI: Karur Vysya Bank has increased rates on FCNR U.S. dollar and Euro deposits across all slabs effective from March. The revises rates are: U.S. dollar: For period 1-2 years 4.90 per cent (4.72), for 2-3 years 4.88 (4.72), 3-4 years 4.85 ...

LVB raises FCNR NRE deposit rates
CHENNAI: Lakshmi Vilas Bank has increased the interest rates on FCNR deposits for all currencies effective from March 1. The rates for one to two years, two to three years, three to four years, four to five years and five years only respectively ...

UTI MF launches UTI-Contra fund
BANGALORE: UTI Mutual Fund has launched UTI-Contra Fund, an open-ended equity oriented scheme, that aims to provide long-term capital appreciation/dividend distribution through investments in listed equities and equity-related instruments. ...

InterContinental Hotels to manage Crowne Plaza
NEW DELHI: InterContinental Hotels group has signed an agreement with Today Hotels Private Limited to manage the brand new Crowne Plaza, Gurgaon, promoted by the latter, scheduled to open by this year-end. The new hotel will have 234 guest ...

Etihad Airways appoints new Area Manager
NEW DELHI: Etihad Airways, the national airline of the United Arab Emirates, on Monday announced the appointment of Neerja Bhatia, as its new Area Manager, Western and Southern India. She will be responsible for overseeing the carrier's ...

Valuemart hikes stake in Tejas Infoscripts
MUMBAI: Valuemart Info Technologies Ltd has completely acquired Tejas Infoscripts, a Bangalore-based BPO, by buying out 26 per cent more stake from its promoters. Earlier in 2005, the company had acquired a 74 per cent stake in Tejas. Valuemart ...

IDBI to enter into MOU with Fortis
MUMBAI: Industrial Development Bank of India Ltd will enter into a memorandum of understanding with Netherlands-based Fortis Insurance International NV (Fortis) for setting up a joint venture company. The board of directors have given their `in ...

Satyam achieves SEI CMMI Level 5
HYDERABAD: Satyam Computer Services Limited, a global IT consulting and service provider, has announced that it has been assessed at CMMI Level 5. CMMI is the latest model from the Software Engineering Institute and Level 5 is the highest level ...

SQL Star bags Granule's contract
HYDERABAD: SQL Star International Limited, an IT knowledge and enterprise solutions organisation, has bagged its first outsourcing contract in the small and medium enterprises segment. Granules India Limited, a fully integrated pharmaceutical ...

Aurobindo's Citalopram gets Health Canada approval
HYDERABAD: Aurobindo Pharma Limited, a Hyderabad-based active pharmaceutical ingredients' manufacturer, has received product approval for its Citalopram hydrobromide tablets (20 and 40 mg) from Health Canada. A generic equivalent of Forest ...

Suven Life Sciences and ACT to merge operations
HYDERABAD: Suven Life Sciences, a drug discovery development support services firm, has announced plans for merger of its activities with Asian Clinical Trials Limited, a clinical research and clinical data management company. The proposed merger ...

Dr. Reddy's completes acquisition of Betapharm
HYDERABAD: : Dr. Reddy's Laboratories, an emerging global pharma company with proven research capabilities, has announced the completion of 100 per cent acquisition of Betapharm Group, Germany's fourth largest generic pharmaceutical firm, with a ...

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