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Inflation: Govt will take fiscal measures if required
THE Finance Minister, Mr P. Chidambaram, said today that the Government would keep a strict vigil on inflation and fiscal measures could be taken if undue pressure builds up on the price front. "The Government will stand by and watch the ...
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Sensex rises 102 pts on FII buying
STOCK prices maintained their upward momentum for yet another day with the BSE Sensex gaining more than 100 points as investors bought blue-chip shares. The positive closing of most of the Asian markets further boosted market sentiment. The ...
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Venkateshwara Hatcheries in race for Haffkine Bio-Pharma
ON the Maharashtra Government's radar for disinvestment, Haffkine Bio-Pharmaceutical Corporation Ltd (HBCL) is scouting for a strategic partner and Pune-based Venkateshwara Hatcheries (VH) Group is in the reckoning. The estimated Rs ...
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Foreign news channels and facsimile newspapers — Downlinking norms to keep parity
FOREIGN news channels such as BBC World and CNN are studying the implications of the recently notified downlinking norms that prevent them from carrying advertisements or design content aimed at Indian viewers. A BBC World spokesperson said, ...
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No plans to connect more cities now: American Airlines
AMERICAN Airlines, which started daily non-stop flights between Chicago and Delhi on Wednesday, has no immediate plans to start operating from any other city here, the airline's Vice-President, Europe and Pacific Division, Mr Craig Kreeger, has ...
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Banks pare home loan exposure
TAKING a cue from the RBI's repeated cautions, public and private sector banks have started containing exposures to housing loan assets. This has been resorted to for restricting the build-up of non-performing assets in their balance sheets. ...
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UTI Bank `top arranger' in H1
FOR arrangers, the debt placement sweepstakes are changing rapidly. UTI Bank, followed by I-Sec and AK Capital, now leads the rankings chart, which has lately seen pronounced ups and downs. The league tables released by Prime Database have put ...
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GAIL, HPCL in pact for E&P, city gas projects
FOR pursuing exploration and production (E&P) opportunities in India and overseas, GAIL (India) Ltd and Hindustan Petroleum Corporation Ltd (HPCL) on Wednesday inked a memorandum of understanding (MoU). The two state-owned companies also ...
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Motorola to start off with assembling handsets
THE world's second largest mobile phone maker, Motorola, said today that it would start assembling handsets in India by December in a bid to increase its share in the growing telecom market. To start off, the company will assemble C115 ...
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Persistent Systems buys ControlNet
OUTSOURCED software development company Persistent Systems has announced the acquisition of the Goa-based ControlNet India, a 100 per cent subsidiary of the ControlNet Inc, California, in an estimated $2 million (Rs 9 crore) deal. The ...
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MBT buys Axes Tech for $54 m
THE Pune-based Mahindra-British Telecom (MBT) on Wednesday formally announced the acquisition of Axes Technologies for $54 million in an all-cash deal funded from internal accruals. Axes Technologies, with expected revenues of $30 million for ...
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Western disturbances herald winter in North India
COME winter, weather events over northwest and north India come to be influenced by low-pressure systems originating in the Mediterranean Sea or the west Atlantic, which slide past Iran and western Pakistan to make their way in. These are ...
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