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Saturday, March 19, 2005
Inflation breaches 5 p.c.-mark
NEW DELHI, MARCH 18. Even as mass consumption items such as wheat, fruits and vegetables turned cheaper, the rate of inflation, as measured by the wholesale price index (WPI) breached the 5 per cent mark during the week ended March 5, mainly due ...
Pakistan willing to discuss grant of MFN status
NEW DELHI, MARCH 18. Pakistan today said it was willing to work with India on New Delhi's demand for Most Favoured Nation (MFN) status even as it endorsed India's idea of setting up a joint business council for greater economic cooperation ...
Air India Express to begin flights from April 29
NEW DELHI, MARCH 18. Air India Express, the budget airline being launched by Air India, will initially provide connections to the Gulf from five Indian cities Delhi, Mumbai, Kochi, Kozhikode and Thiruvananthpuram beginning April ...
Market crash: `SEBI initiated appropriate action'
NEW DELHI, MARCH 18. The Union Finance Minister, P. Chidambaram, told the Lok Sabha on Friday that the Securities and Exchange Board of India (SEBI) had found that there were "certain irregularities" that led to the stock market crash in May ...
'New Internet' for India by 2006
BANGALORE, MARCH 18. The Indian Government was `deeply committed' to the next Net standard and had set end-2006, as the target for all service providers in the country to upgrade to the new Internet Protocol version 6 (IPv6), a senior official of ...
Workshop on textile exports
COIMBATORE: The Textiles and Garments Exporters' Association, Erode, and the Textiles Committee will organise a two-day workshop from March 28 in Erode on "Textile export and internet marketing". The aim is to sensitise textile manufacturers and ...
Handloom exporters plea on duty drawback
COIMBATORE: The Handloom Export Promotion Council (HEPC) has suggested a 15 per cent duty drawback for all the cotton handloom items. In a memorandum to the Committee constituted by the Centre to review the duty draw back rates, the HEPC ...
COIMBATORE: Nandini Rangaswamy, Managing Director of Chandra Textiles, has been elected Chairperson of the Confederation of Indian Industry (CII-SR), Coimbatore Zone, for 2005-06. Jayakumar Ramdass, Managing Director of Mahendra Submersible ...
Central Bank to open new branch
COIMBATORE: The Saravanampatti branch of the Central Bank of India will be opened on March 21. Birendra Singh, General Manager, Zonal Office, Chennai, will inaugurate the branch located at the Kanchi Kamakoti Medical Trust, Sathy Road, ...
KEC International bags order
MUMBAI: RPG group entity, KEC International, has bagged a Rs. 69-crore order from Power Grid Corporation of India for construction of a 400 kV double circuit transmission line from Teesta to Darjeeling. The project is scheduled to be completed by ...
Maruti revises production plans
NEW DELHI: Maruti Udyog has decided to revise production plans for March in the wake of less than anticipated growth in sales, according to a company statement. MUL's facilities will be closed for two days March 19 and March 25, upsetting ...
ICICI Bank ADS priced at $21.11
MUMBAI, MARCH 18.The sponsored American Depository Share (ADS) offering by ICICI Bank has been priced at $21.11 per ADS, with each ADS representing two underlying equity shares of the bank. This represents a premium of 18 per cent to the closing ...
Videocon to issue GDRs
NEW DELHI, MARCH 18.Videocon Industries today said it would raise capital of up to Rs. 2,000 crores. The board of directors have approved the issue of Global Depository Receipts and equity shares through private placement or on a rights basis for ...
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