Business Line articles from November 2005

Business Line archives from November 2005

Cable TV rates may go up 4 pc from Jan.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 New Delhi, Nov. 29 - COME January 1, and consumers will have to fork out more if they want to get their daily fare of television entertainment. The Telecom Regulatory Authority...

Farm it out, PM tells pvt sector: 'Major steps taken for single integrated market'.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 New Delhi, Nov. 29 - THE private sector today got a special invitation from the Prime Minister, Dr Manmohan Singh, to seize the immense opportunities in agriculture, both for...

Sensex sheds 64 points on lack of buying support.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Mumbai, Nov. 29 - A FIVE-DAY rally ended on Tuesday when the BSE Sensex shed 63.78 points to finish at 8931.16 points in moderately volatile trade. Lack of buying support at the...

Dubai Ports nets Indian box terminals thru P&O buy.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Chennai, Nov 29 - A MAJORITY of container shipping in India is set to come under the control of DP World, the global ports business of Ports, Customs and Free Zone Corporation,...

Sun Pharma bids for US co Able Labs' assets.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Mumbai, Nov. 29 - SUN Pharmaceutical Industries Ltd has bid for the assets of US-based Able Laboratories Ltd. According to a filing by Able to the Securities and Exchange...

Bansal takes over as IOC Director (Planning).
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 New Delhi, Nov. 29 - MR B.M. Bansal has taken over as Director (Planning & Business Development) of Indian Oil Corporation Ltd, a company statement said. He was earlier on the...

Schwing Stetter plans Rs 25-cr plant near Chennai.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Bangalore, Nov. 29 - READY-mix concrete maker Schwing Stetter plans to make India a sourcing hub for some of its products and will set up a Rs 25-crore facility near Chennai ...

Randstad Holding to acquire EmmayHR.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Mumbai, Nov. 29 - RANDSTAD Holding NV, a Netherlands-based employment company, has announced that it has entered into an agreement to acquire 51 per cent of the holding of...

IBP firm on current swap ratio for merger with IOC.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 New Delhi, Nov. 29 - IBP Co Ltd, which has taken the worst hit for selling petroleum products below cost, is optimistic about completing its merger procedure with Indian Oil...

LMW to expand through buys.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Coimbatore, Nov. 29 - LAKSHMI Machine Works (LMW) is looking at the inorganic route to grow and build capacities. The growing demand for textile machinery, long delivery schedule...

Tata Motors Daewoo market share in South Korea up 4%.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Bangalore, Nov. 29 - TATA Motors said on Tuesday that following the takeover of Daewoo's commercial vehicle business, its market share in South Korea had increased 4 per cent to...

Sri Biotech gets DSIR award.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Hyderabad, Nov. 29 - SRI BIOTECH has won the national award from the Department of Scientific and Industrial Research, for research & development contributions in the field of...

Sri Lanka woos Indian companies.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 New Delhi, Nov. 29 - THE Sri Lankan Minister of Enterprise Development and Investment Promotion, Mr Rohitha Bogollagama, has urged the Indian industry to cash in on the...

JK Industries net profit at Rs 17 crore; to pay 20 pc.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 New Delhi, Nov. 29 - J.K. INDUSTRIES Ltd (JKI), on Tuesday, reported a net profit of Rs 17 crore on a gross turnover of Rs 2,400 crore for the year ended September 30. The...

Air Liquide to set up $20-m unit at Roorkee.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 New Delhi, Nov. 29 - AIR Liquide India, a subsidiary of France-based Air Liquide, on Tuesday announced plans to set up a $20 million air separation plant at Roorkee in...

Auto dealers body plans short-term courses.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Pune, Nov. 29 - A RAPIDLY growing domestic automobile market, newer technologies and the ever changing needs of the customers combined with a severe shortage of technically...

Ambuja Cement Eastern deregistered from BIFR.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Kolkata, Nov 29 - AMBUJA Cement Eastern Ltd (ACEL), which was formerly Modi Cement Ltd, has turned around. It has been deregistered from the BIFR (Board for Industrial and...

Global Reach sets up centre in Hyderabad.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Hyderabad, Nov. 29 - OVERSEAS educational consultant, Global Reach has made its foray in the South by launching a centre in Hyderabad today Focussed on providing counselling...

Centre plans to outsource visa services.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 New Delhi, Nov. 29 - IN A bid to facilitate tourist arrivals into the country, the Government plans to outsource the issuance of visas by Indian Embassies, the Minister for...

Tatas set to pick 74 pc stake in Maithon Power.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Kolkata, Nov. 29 - AFTER more than two years since initiating talks with Damodar Valley Corporation (DVC) for participation in Maithon Power Ltd (MPL), Tata Power Ltd is finally...

Rising oil prices have immense revenue implications: Aiyar.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 New Delhi, Nov 29 - THE rising oil prices have immense implications for the Government with the net import bill rising by 32.1 per cent in 2004-05 over the previous year. The net...

UB Group to raise $400 m to acquire aircraft, retire debts.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 New Delhi, Nov. 29 - THE UB Group plans to raise over $400 million during 2006 to fund its airline's aircraft acquisition plan and retire debt in United Spirits, the Chairman...

Accenture eyes smaller deals of Fortune 1,000.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Bangalore, Nov. 29 - ACCENTURE is looking at smaller deals in a bid to engage with customers trying out outsourcing through low-risk transactions initially. Many Fortune 1,000...

'Indian IT cos must focus on integrated data security'.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Hyderabad, Nov.29 - INDIAN companies have been forced to adopt integrated data and security solutions driven by negative reporting on business process outsourcing (BPO), strict...

TI developers' meet.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Bangalore, Nov. 29 - SEVERAL sectors will be revolutionised as they start consuming technology products; the next wave is set to engulf the transportation, medicine, security and...

Man Financial to foray via Refco-Sify ventures.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Mumbai, Nov. 29 - SIMULTANEOUSLY with a transaction on November 25 to acquire Refco LLC in the US, Man Financial completed certain key stages in its acquisition of Refco's 70.15...

Avtar Saini joins eInfochips board.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 MUMBAI: eInfochips, a provider of electronic design services, has announced the appointment of Mr Avtar Saini to the board of directors Mr Avtar is an Intel veteran having...

Govt spending on IT below target: Maran.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 New Delhi, Nov 29 - THE Minister for Communications and IT, Mr Dayanidhi Maran, today said that while India was making rapid strides in offering IT services to other nations, the...

Policy on spectrum allocation early next year: Govt wants new players for 3G services.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 New Delhi, Nov 29 - THE Communications and IT Minister, Mr Dayanidhi Maran, has said that the Government is keen on new players for third generation (3G) services and will spell...

SMART Tech unveils upgraded interactive white boards.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Bangalore, Nov. 29 - MART Technologies, global market leader in interactive whiteboards, has launched its latest version of Smart Board 600 series, an improved version of its...

Saudi bank chooses Finacle.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 BANGALORE: Infosys on Tuesday said that Arab National Bank (ANB) has chosen its core banking solution 'Finacle' to power its aggressive focus on the burgeoning retail banking...

Wipro support for UK co.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 BANGALORE: Wipro Technologies said on Tuesday that it had assisted the UK-based Friends Provident Plc to relaunch its Individual Personal Pensions suite of products with...

Satyam in pact with Goldratt.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 HYDERABAD: Satyam Computer Services Ltd has announced an alliance with Goldratt Consulting Ltd to implement a 'Viable Vision' programme based on the theory of constraints Dr...

Anti-money laundering tool.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 HYDERABAD: World-Check, intelligence gathering solutions provider for financial communities, and SDG Software have announced they would offer anti-money laundering solutions to...

Dubai Ports to acquire P&O for GBP3.33 b.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Abu Dhabi, Nov. 29 - DUBAI Ports World announced on Tuesday that its GBP3.33-billion offer of acquisition for the UK ports and ferries group P&O (The Peninsular and Oriental...

Centurion Bank of Punjab posts Rs 21-cr net.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Mumbai, Nov. 29 - CENTURION Bank of Punjab posted net profit of Rs 20.9 crore for the quarter ended September 30, 2005, against Rs 5.26 crore in the corresponding quarter last...

Rupee recovers; longs see demand.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 MUMBAI: The rupee recovered its losses against the dollar on Tuesday, tracking gains of the euro. Strong foreign institutional investor inflows (FII) also facilitated the gain...

ICICI Bank targets farmers with customised products.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Pune, Nov. 29 - AFTER tapping a client base comorising mainly the urban rich and the corporate sector, ICICI Bank now targets the huge segment of aaloo, tamaatar and...

ICICI PruLife opens branch in Bahrain.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Mumbai, Nov. 29 - ICICI Prudential Life Insurance has opened a branch in Bahrain The new office will meet the insurance needs of non-resident Indians in Bahrain through ICICI...

P.S. Prasad is CEO, Dhanalakshmi Bank.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 KOCHI: Mr P.S. Prasad has assumed charge as Managing Director and Chief Executive Officer of Dhanalakshmi Bank with effect from November 26. Mr Prasad has over 24 years of...

Banks tie up with colleges to design specific courses for students.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Mumbai, Nov. 29 - FACED with a shortage of experienced hands even as they expand services and products, banks are forced to tie up with colleges to offer courses specific to...

Canara Bank open to M&As.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Hyderabad, Nov. 29 - CANARA Bank is open to mergers and acquisitions as a part of its growth strategy and would actively look out for opportunities whenever they arise, its...

US monetary policy: Discretion vs valour?
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 MR BEN Bernanke is damned if he does and damned if he doesn't If the Federal Open Market Committee (FOMC) - the forum which decides the American monetary policy - does raise...

New mooring facility at Mundra Port.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 AHMEDABAD: Mundra Port, a private sector port owned by the Adani Group, has commissioned its first single point mooring (SPM) facility to handle liquid cargo. The SPM facility,...

'Govt trying to make system more transparent'.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 New Delhi, Nov. 29 - I AM sure the democratic process would exert its own pressure on the system to make it more transparent and find solutions to corruption," said Mr Montek...

Kamal Nath to attend G-90 meet in Brussels.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 New Delhi, Nov. 29 - THE Union Commerce and Industry Minister, Mr Kamal Nath, is to attend a meeting of the G-90 - a group of African, Caribbean and Pacific (ACP) countries - in...

Jet Airways launches Chennai-Singapore service.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Chennai, Nov. 29 - JET Airways on Tuesday announced the launch of its daily service between Chennai and Singapore, beginning December 7. The flight from Chennai leaves at 10:20...

Mumbai port plans steep hike in charges.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Mumbai, Nov. 29 - MUMBAI port has proposed a steep hike in various charges, including berth hire charges, pilotage and wharfage, which will make it one of the costliest ports in...

JNPT in talks with FIs for investment in channel dredging.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Mumbai, Nov. 29 - THE Jawaharlal Nehru Port Trust (JNPT) is close to tying up with banks and financial institutions to raise part of the Rs 800-crore investment for...

Fast ferry service between S. India, Colombo soon.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 New Delhi, Nov. 29 - A NEW fast ferry service linking South India with Colombo is to start soon, the Chairman, Sri Lanka Tourism, Mr Udaya Nanayakkara, has said "The ferry...

Problems in loading imported coking coal: Vizag port, Rlys, SAIL officials to meet soon.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Kolkata, Nov. 29 - A HIGH-LEVEL meeting of the authorities of the Visakhapatnam Port Trust, the Railways and Steel Authority of India Ltd (SAIL) will be held shortly to sort out...

ICFAI B-school aptitude test on Dec 18.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Hyderabad, Nov. 29 - THE ICFAI University has announced that the ICFAI Business Studies Aptitude Test (IBSAT) 2005 for the two-year full-time MBA programme at ICFAI Business...

Rediffusion DY&R floats design consultancy arm.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Mumbai, Nov. 29 - THE WPP group agency, Rediffusion DY&R, is floating a division in the area of design consultancy. Mr Preet Bedi, President, Rediffusion DY&R, told Business...

Cobra Beer planning $10-m brewery.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Hyderabad, Nov. 29 - COBRA Beer Ltd will launch its strong lager beer brand, King Cobra, in India by March 2006. The $150-million company is also firming up plans to set up a...

'India could become outsourcing hub for quality production work'.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 New Delhi, Nov. 29 - INDIA is well-known for delivering high quality IT and IT-related services. And, now Sir Martin Sorrell, Chief Executive of the WPP Group believes that this...

Channel 7 looks to boost market share.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Mumbai, Nov. 29 - CHANNEL 7 is looking at increasing its market share to 15 per cent in the coming months and be among the first four channels in the news genre through its...

Pawar elected BCCI chief.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Kolkata, Nov. 29 - THE Union Agriculture Minister, Mr Sharad Pawar, was elected president won the election for the president's post of the Board for Cricket Control in India...

Star Group keen to enter FM radio biz.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 New Delhi, Nov. 29 - THE Star Group on Tuesday, reiterated that it is keen on entering the FM radio business but said a decision on prospective partners would be based on how...

A Zee 'smile' for comic game shows.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Mumbai, Nov. 29 - TO set itself apart from the plethora of game shows, Zee Smile plansning to launch a talent show on the comedy platform. Speaking to Business Line, Mr Nitin...

'Need for national marketing policy'.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 New Delhi, Nov. 29 - THERE is a need for a national marketing policy as retail accounts for 11 per cent of the country's GDP, said Mr Ajay Dua, Secretary, Department of...

Need to scale up awareness on free AIDS drugs roll-out.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Mumbai, Nov. 29 - BOTH Renuka and her four-year-old son are HIV-positive, but neither of them is on the free anti-AIDS drugs programme that the Government initiated over 18...

ICICI Bank issue price band fixed at Rs 505-545.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Mumbai, Nov. 29 - ICICI Bank has fixed a price band of Rs 505-545 per share for its public issue of shares through the book building route opening on December 1, an ICICI Bank...

Telecom users to bear USO burden for another 5 years.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 New Delhi, Nov. 29 - TELECOM users will have to bear the burden of funding the universal services obligation until 2010 by when the Government is planning to phase out the fund...

Swiss delegation woos Indian investors.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 New Delhi, Nov. 29 - A SWISS delegation has arrived to seek investments from Indian companies. The delegation comprises the State Secretary for Economic Affairs in the Swiss...

Govt plans to decontrol fertiliser prices; may start with SSP.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 New Delhi, Nov. 29 - WITH barely four months left for the UPA Government to formulate a new policy for the fertiliser industry, a proposal for phased decontrol of retail prices...

Over 3 lakh cos default in filing returns: Gupta.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 New Delhi, Nov. 29 - AS per available records, 3,03,107 companies out of 6,41,512 registered under the Companies Act were found to be defaulting in filing statutory returns with...

NSE introduces corporate governance course.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Mumbai, Nov. 29 - THE National Stock Exchange is the latest entity to be taken up with the corporate governance mantra The NSE's Certification in Financial Markets (NCFM),...

Infrastructure growth slows in Oct.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 New Delhi, Nov. 29 - INFRASTRUCTURE growth slowed to 4.9 per cent in October from 15.9 per cent a year ago, mainly due to the fall in the output of crude petroleum and refinery...

Policy to boost renewable energy sector on anvil.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 New Delhi, Nov. 29 - IN a bid to provide an impetus to the renewable energy sector, the Government is drafting a comprehensive policy to promote installation of renewable energy...

CII moots sectoral regulators for infrastructure.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Chennai, Nov. 29 - THE Confederation of Indian Industry (CII) feels that independent regulators for different sectors in infrastructure are needed rather than a unified regulator...

A case of the fence eating crop?
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 THE crisis that has been brewing in the sugarcane growing regions of Maharashtra has reached a stalemate. The Maharashtra Government has been insisting, all along, that no...

Heritage protection.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 THE Chennai offices of the British Council and the Association of British Scholars recently organised a cute little function to launch an impressive photomontage titled "Madras...

The US dilemma in Iraq: Exiting without foul-up.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 THE FLOWER of American youth - 2000 precious lives and still counting - rubbed out, and 160,000 more troops bogged down, far from home, in a country whose religion, language,...

Sow more investments.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 FIRST IT WAS the Prime Minister and now it is the Finance Minister's turn to project agriculture, besides infrastructure, as the thrust area for rapid economic growth. A growth...

Wishful thinking.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 This is with reference to the article 'Gamblers' fallacy' (Business Line, November 27): I fully agree with the author. People tend to suffer from wishful thinking that events...

Incentives for improvement.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 This has reference to the article "Breaking the city-planning myths" (Business Line, November 28) of the Vision 2020 series: The remedy suggested by the author of imposing a...

Banks and customer service.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 This refers to the statement made by Chairman of Bank of Baroda, quoted under in the "Voices" column (Business Line, November 27): While the new technology in the PSU banks is...

A wake-up call.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 This refers to 'Small investors dogged by dud share: survey' (Business Line, November 29): The fact that a large number of retail investors hold the shares of 'dead' companies is...

A ban quietly bagged?
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 IT IS safe to assume that July 26 does not come twice a year. And it is this assumption that seems to be rationale for the Maharashtra Government's take-it-easy policy as far as...

Disaster prevention, mitigation, preparedness and relief.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 ON Monday, the Rajya Sabha passed the Disaster Management Bill. A day earlier, the Home Minister, Mr Shivraj Patil, was accompanied by the Finance Minister, Mr P. Chidambaram,...

Germany: Much hinges on the 'new management'.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 THE Germans played their own version of KBC, only it was 'Kaun Banega Chancellor?'. The frenetic activity, both overt and behind the scenes, began a la Indian coalition politics,...

Globalising the Indian village.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 MOHANDAS Karamchand Gandhi was a lawyer by profession. But the economic model that he offered still has the potential to address rural woes. Gandhiji wanted people to lead a...

Farm Ministry favours FDI in post-harvest management.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 New Delhi, Nov 29 - THE Union Government proposes to spend Rs 15,000 crore in the perishable sector as well as on the backward and forward linkages in horticulture, the...

Volumes low in rubber trade.
November 30, 2005... (From Business Line) from BUSINESS LINE, November 30, 2005 Kottayam, Nov. 29 - A steady trend prevailed in the domestic spot rubber marketon Tuesday. Trading volumes declined further, as most of the market participants preferred to stay...