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Friday, April 08, 2005
Scheme to replace DEPB on anvil
NEW DELHI, APRIL 7.The new foreign trade policy to be announced tomorrow is set to focus on the key areas of agro-products, pharmaceuticals and marine products with the aim of doubling India's share of world trade to 1.5 per cent over the next ...
Motorola to invest $17 m in India R&D centre
BANGALAORE, APRIL 7.The telecom equipment maker, Motorola, plans to invest $17 million and hire nearly 500 people at its India R&D centre here every year said the Motorola Chief Technology Officer, Padmasree Warrior, here today. Speaking to ...
`Exempt perishables from VAT'
NEW DELHI, APRIL 7.The Food Processing Ministry has asked the Empowered Committee of the State Finance Ministers for Value Added Tax (VAT) to reduce the VAT on non-perishable food products to 4 per cent from the existing 12.5 per cent and exempt ...
EU in a quandary over Chinese textiles
LONDON, APRIL 7. European officials are in a quandary over China's `fast escalating' textile and garment trade with the European Union countries. American trade and commerce officials are also in a similar predicament. According to the latest ...
Nod for Reliance investment
NEW DELHI, APRIL 7.The Government has approved Reliance Industries' $2.49 billion investment plan to develop its huge gas find in the Krishna Godavari basin, off the east coast. Reliance Industries will produce 40 million standard cubic meter a ...
TUI, Le Passage sign JV
NEW DELHI, APRIL 7.TUI AG, a leading European travel group, has entered the Indian market by signing a joint venture with Le Passage to India Limited. Addressing a press conference here today, the TUI Chairman, Michael Frenzel, said the focus ...
Samsung's new investment
NEW DELHI, APRIL 7.Samsung plans to further strengthen its R&D operations (software and hardware) in India by bringing in fresh investment of $12.5 million this year, Neeraj Sethi, General Manager, National Sales Audio Visual, said at a press ...
New president for Honda Siel
NEW DELHI, APRIL 7.Honda Siel Cars India has announced the appointment of M. Takedagawa as the company's new President and Chief Executive Officer. Our Special Correspondent ...
Drug for diabetic foot ulcers from DRL
HYDERABAD: Dr. Reddy's Laboratories announced the launch of Plermin (generic name: Recombinant Human Platelet Derived Growth Factor rhPDGF), the first drug to be launched in India for the treatment of diabetic foot ulcers. The product ...
Redington to sell Xerox products
CHENNAI: Xerox India has appointed Redington India as a Xerox distributor. As part of the agreement, Redington will distribute Xerox's office products. The agreement was signed by J. S. Kulkarni, CEO, Redington (India), and Natesh Mani, Executive ...
RINL expects 20 p.c. rise in net
VISAKHAPATNAM: The net profit of Rashtriya Ispat Nigam Ltd., the holding company of Visakhapatnam Steel Plant, for 2004-05 is expected to be 20 per cent higher than the previous fiscal net of Rs. 1,547 crores, pending the audited financial ...
RBI cancels registration of NBFC
MUMBAI: The Reserve Bank of India has cancelled the certificate of registration of the Kolkata-based Nicco Uco Alliance Credit from carrying on the business of a non-banking financial institution. The cancellation of the certificate under Section ...
Inforte, Cognizant to offer CRM solutions
CHENNAI: The Nasdaq listed business and customer intelligence consultancy Inforte Corp. has tied up with Cognizant, a leading provider of IT services, to deliver a comprehensive customer relationship management (CRM) offering to global ...
New chief scientific officer for Matrix
HYDERABAD: Matrix Laboratories announced the appointment of B. Gopalan as Chief Scientific Officer (CSO). Before joining Matrix, Dr. Gopalan was associated with Glenmark Pharmaceuticals as senior Vice-President (Chemical Research). During his ...
CCL records Rs. 900 crore profit
CHENNAI: The Central Coalfiends Ltd. has achieved its revised coal production target by producing 37.40 million tonnes in 2004-05. It has earned a gross profit of Rs. 900 crores. The output in the previous year was 37.33 million tonnes. In coking ...
HP launches range of consumer notebooks
NEW DELHI: Hewlett Packard on Thursday launched India's first series of consumer notebooks with the revolutionary `LightScribe' technology for better levels of productivity and efficiency. HP will be offering this unique combination in its Compaq ...
Award for Moser Baer CMD
NEW DELHI: Optical Disc Systems, a leading magazine on optical media manufacturing technology, has felicitated Deepak Puri, Chairman and Managing Director, Moser Baer India, with the Global Industry Leader 2005 award. Moser Baer has also won an ...
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