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Friday, July 23, 2004
Tata Steel net profit zooms
MUMBAI, JULY 22. In spite of experiencing what was a very difficult period for the steel industry, given the spiralling input prices, Tata Iron & Steel Company Ltd. (Tata Steel), by virtue of being a highly integrated steel producer, has ...
Delta's additional service out of India
CHENNAI, JULY 22. Effective November 2, Delta Airlines will be offering an additional daily flight between Mumbai and Atlanta via Frankfurt. The additional service will be available till March next year. This daily seasonal service will give ...
ONGC, Reliance in Business Week list
NEW DELHI, JULY 22.Eight Indian companies including the Oil and Natural Gas Corporation Limited (ONGC) and Reliance Industries Limited (RIL) have found place for the first time in `The Global 1000 List' of BusinessWeek in terms of market ...
Infrastructure perks up
NEW DELHI, JULY 22.The infrastructure sector perked up in the first quarter of the current fiscal at 5.4 per cent against 4.7 per cent over the same period last year despite poor growth in the cement and steel sectors. The improved performance ...
New stock option norms
MUMBAI, JULY 22.The Securities and Exchange Board of India has amended its guidelines on Employee Stock Option and Purchase Schemes (ESOP and ESPS) to provide for mandatory disclosures, pricing and appointment of merchant bankers. Under the ...
Housing as priority sector advances
MUMBAI, JULY 22.The Reserve Bank of India today said banks can classify investments in mortgage backed securities (MBS) under housing loans as priority sector advances subject to certain conditions. The pooled assets of direct housing loans ...
HLL beefs up corporate relations
NEW DELHI, JULY 22. Amid reports of squeezing margins due to price wars, FMCG behemoth Hindustan Lever Ltd. (HLL) has decided to focus on strengthening corporate relations in Delhi for which it has given the charge to Shubhabrata Bhattacharya. ...
Bannari Info launches road speed limiter
COIMBATORE: Bannari Infotech Pvt. Ltd. has launched road speed limiter, an electro-mechanical control device that limits the speed of travel for a vehicle. It has been certified by the Automotive Research Association of India (ARAI) as meeting ...
Adi festival loan campaign
COIMBATORE: The 44 branches of State Bank of India in Coimbatore District will organise "Special Adi Festival Loan Mela" from July 24 to 26 at eight places in the district. The Deputy General Manager, SBI Zonal Office, Coimbatore, R. ...
Hyundai bullish on growth prospects
COIMBATORE: Hyundai Motor India Ltd. (HMIL) is confident of achieving a production level of 2.5 lakh units a year in its manufacturing facility in Tamil Nadu in the current year. Talking to newspersons here on Wednesday, on the occasion of the ...
Standard Chartered MF's floating rate fund
CHENNAI: Standard Chartered Mutual Fund has launched its forthcoming IPO for Grindlays Floating Rate Fund - Long Term (GFRT-LT) plan. The public issue for GFRF-LT plan opened for subscription from July 19 and will close on July 30. According ...
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