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Saturday, January 29, 2005
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Provident funds can invest in shares NEW DELHI, JAN. 28.Non-government provident funds have been allowed to invest 5 per cent of their assets in blue-chip shares and 10 per cent in corporate debts and equity-oriented mutual funds from April. The Government has also relaxed the ... Inflationary pressures contained in run up to Budget NEW DELHI, JAN. 28. Inflationary pressures on the economy appear to have been contained in the run up to the union Budget with the wholesale price index showing a rise of only 5.42 per cent for the week ending January 15 against 6.55 per cent at ... Sensex vaults 180 points to cross 6,400 mark MUMBAI, JAN. 28.The stock market indices recorded their biggest gains of 2005 today as large interest from foreign institutional investors triggered fresh buying interest in the Indian markets. While the BSE Sensex closed above the 6400 mark, NSE ... P&G strikes $57 billion deal with Gillette NEW YORK, JAN. 28.The Procter & Gamble Co. is buying shaver and battery maker Gillette Co. for $57 billion (euro43.8 billion) in a deal that would create the world's largest consumer-products company. If regulators approve the deal announced ... Other Stories
Barometer Briefly IDBI to hire Hewitt MUMBAI, JAN. 28.IDBI has hired human resource consultancy firm Hewitt & Associates for advice on introducing cost-to-company approach and an integrated compensation package for employees, Chairman and managing Director, M. Damodaran, said today. ... Novartis to sell unit to Sandoz NEW DELHI, JAN. 28.Pharma company Novartis India today said it intended to sell its anti-TB rifampicin bulk drug business together with its Mahad facility to Sandoz Pvt. Ltd. for an estimated amount of Rs. 30.77 crores. The board of the company ... Award for Mudra NEW DELHI, JAN. 28. Mudra Advertising on Friday said that it had won the "Silver World Medal Award" for advertising and marketing effectiveness in the prestigious AME Awards in New York. The advertising agency bagged the award for its "Save ... Office-bearers elected COIMBATORE: The following have been elected office-bearers of the Powerloom Development and Export Promotion Council at a recent meeting in Mumbai. M. Y. Momin has been elected as Chairman, Ka. Marappan as Vice-Chairman, Southern Region, Arif. M. ... Furniture price to go up COIMBATORE: The South Indian Furniture Manufacturers' Association here has decided to hike the price of its products by 10 to 15 per cent following the rise in raw material prices. According to a release from V. C. Kumarasamy, its secretary, an ... ICICI Infotech renamed CHENNAI: ICICI Infotech has been re- christened as 3i Infotech. The shareholders at an extraordinary general meeting held in Mumbai on January 18 have already approved the new name. ICICI Infotech has transformed itself from being the back-office ... Xerox in distribution tie-up with Salora NEW DELHI: Xerox Modicorp on Friday announced a distribution tie-up with Salora International for its entire range of laser printers, facsimile and multifunction devices in India. Salora will buy products from Xerox India and sell them to channel ... Disney Shoes now in India CHENNAI: The U.S. based Walt Disney company has entered into a tie-up with Sierra Industrial Enterprises and has licensed them to manufacture and market Disney shoes for kids in India. Disney shoes collection being introduced in India will ... Other Stories
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