Business Line articles from November 2006

Business Line archives from November 2006

Bidi workers' order to be amended.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Hyderabad, Nov. 27 - The Union Government has agreed to bring out an amendment to the controversial order that mandates the manufacturers to print 'danger mark' on bidis ...

Hospital to treat children with AIDS.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Kolkata, Nov. 27 - The first paediatric hospital specifically to take care of young people with HIV/AIDS will be opened in South 24-Parganas district of Kolkata on World AIDS...

Hit-or-miss showers continue in TN, Kerala.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Thiruvananthapuram, Nov 27 - Intermittent rainfall, at times heavy, is being reported from southern Tamil Nadu and adjoining Kerala as the Inter Tropical Convergence Zone (ITCZ)...

SAP solution for coal mines body.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Kolkata, Nov. 27 - SAP India has announced that the Coal Mines Provident Fund Organisation (CMPFO) has gone live on SAP solutions to enable integration and digitisation of its...

Tata Steel tech training programme.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Kolkata, Nov. 27 - Tata Steel has inaugurated a four-month residential technical training programme in electrical jobs and masonry for residents of Seraikela Kharasawan district,...

Excess rainfall worries tea planters.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Coonoor, Nov. 27 - Rains have increased the prospect of harvest in the tea plantations in the Nilgiris. If the fields get sufficient sunshine, the crop would be good in the...

Spot rubber firms up.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Kottayam, Nov. 27 - Spot rubber firmed up on Monday. The under current appeared firm as TOCOM closed better initiating some procuring at lower levels. Sheet rubber improved to Rs...

Seed inspectors can now test GM crop.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Coimbatore, Nov. 27 - The Union Ministry of Environment and Forests has notified empowering testing of seeds of genetically modified crops by the State seed inspectors, who draw...

Ghee, milk powder prices likely to remain firm.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 New Delhi, Nov. 27 - Prices of ghee and skimmed milk powder (SMP) have eased considerably over the last month. But they are likely to remain firm in the immediate term, given...

Reliance's piped gas to be cheaper than LPG: Mukesh.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 New Delhi, Nov. 27 - Reliance Industries Ltd said on Monday that the price of the piped gas supplied by it would be cheaper by one-third (33 per cent) of the price of...

Ashok Leyland ties up with French co for armoured vehicle.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Mumbai, Nov. 27 - Ashok Leyland is understood to have tied up with a French company to launch a 'light armoured vehicle' in India Confirming the development, a company...

NTPC proposal for Lanka power plant.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 New Delhi, Nov. 27 - State-run power major, NTPC will submit a proposal to the Government of Sri Lanka to set up a 900 MW coal or LNG based power plant in that country The...

Tata Power Q2 net up 61 pc.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Mumbai, Nov. 27 - Tata Power has said that net profit for the second quarter of the current fiscal rose 61 per cent as sales volumes rose and higher hydro power generation eased...

HPCL still open to LNG terminal project plan.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 New Delhi, Nov. 26 - Hindustan Petroleum Corporation Ltd plans to foray into liquefied natural gas terminal project once it is able to ensure supplies. A senior company official...

Corus to defer shareholders' meet.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Mumbai, Nov. 27 - The race for Corus has gone into extra time Anglo-Dutch steel producer Corus plans to postpone its December 4 shareholders meet for considering Tata Steel's...

AI, Indian merger referred to secys panel.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 New Delhi, Nov. 27 - The Group of Ministers looking into the merger of Air India and Indian has referred the issue to a committee of secretaries to study the various issues...

New unit: Toyota final plans soon.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 New Delhi, Nov. 27 - Toyota Kirloskar Motor today said it hopes to finalise plans for setting up a new plant in six months time, adding that it is still working out details on...

'Organic farming, only solution to agriculture crisis'.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Chennai, Nov. 27 - At a time when Bt crops and GM foods are making headlines trying to convince the Indian farmers on the positive aspects of their cultivation, a silent...

Rubber contracts hit upper ceiling on NCDEX.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Mumbai, Nov. 27 - Rubber prices hit the upper ceiling of 9 per cent at Rs 7,930 per quintal on NCDEX on Monday, following the &yen 4-5 yen quintal gain on the Tokyo Commodity...

Bharti plumps for Wal-Mart.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 New Delhi, Nov. 27 - Bharti Enterprises on Monday announced that it had signed an MoU with Wal-Mart Stores Inc, officially naming the world's largest retail chain its partner...

Artson shines on due diligence talk.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 The buzzing counter of Artson Engineering on Monday saw around a lakh shares change hands on the BSE as it closed with a gain of around 6 per cent at Rs 36.85 According to...

Cairn India: IPO price band at Rs 160-190.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Mumbai, Nov. 27 - Edinburgh-based Cairn Energy has set a price range of Rs 160-190 per share for the forthcoming initial public offering of Cairn India Ltd, valuing the latter at...

Nissan Copper to come out with IPO of Rs 25 cr.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Mumbai, Nov. 27 - Nissan Copper Ltd is entering the capital marketwith an initial public offering of around Rs 25 crore The price band has been fixed between Rs 33 and Rs 39...

Dolphin Medical in limelight.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Kolkata, Nov. 27 - Dolphin Medical Services counter has, of late, been active on expectation of major corporate developments. The stock has gained 48 per cent in the last one...

Bull domination.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Bulls dominated Monday's trading activity. The sentiment reading of the tradable counters changed to bullish. Bear move on Tuesday is likely to change the sentiment reading to...

Firm Asian markets prop up sentiment.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Chennai, Nov. 27 - Markets showed no signs of fatigue and continued to scale new heights on Monday, with the Sensex closing at a record high Sensex opened higher and remained...

GE Shipping relists after demerger.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Mumbai, Nov. 27 - Great Eastern Shipping re-listed on the stock exchanges on Monday after the de-merger of its offshore business GE Shipping shares closed at Rs 222.80, as...

Lanco Infra debuts at Rs 270.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Mumbai, Nov. 27 - The stock of Lanco Infratech, an infrastructure development company with interests in power, construction and property development, made a debut on the bourses...

Repugnance can be a real constraint on markets.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Chennai, Nov. 27 - Speculation, short-selling, margin-trading, multiple demat accounts, convertibility, hostile takeovers, de-listing... the list of themes for tighter control is...

TN favours a balanced growth of all sectors.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Chennai, Nov. 27 - Special Economic Zones can put Tamil Nadu on the global market in 'safe way' if structural imbalances are addressed to support the primary sector,...

SpiceJet's new flights to Ahmedabad.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Ahmedabad, Nov. 27 - SpiceJet will connect Ahmedabad with daily flights to Jaipur and Hyderabad from December 18, the company announced today The two new daily flights are SG...

If we don't bring visible changes, we won't seek vote: Nitish.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Ahmedabad, Nov. 27 - Making a turnaround, Bihar has attracted investments to the tune of Rs 26,000 crore this year and may emerge as a developed State by 2015 if only the Centre...

Curtains come down on trade fair.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 New Delhi, Nov. 27 - The curtains on the two-week long India International Trade Fair (IITF) came down on Monday with the Minister of State for Commerce, Mr Jairam Ramesh,...

Kristal group to try 'consortium concept'.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Kochi, Nov. 27 - The Bangalore-based builder Kristal Group has proposed to go for a consortium concept as part of providing value-added service to customers As par of this,...

'Incentives, protection not enough for SMEs'.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Thiruvananthapuram, Nov. 27 - India's small and large-scale industries should complement one another, said Mr T. Balakrishnan, State's Principal Secretary-Industries It is...

Factors that determine supply chain management.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Kochi, Nov. 27 - "Business strategy of being a cost leader or being the fastest service provider determines the supply chain management (SCM) of a company and there is always a...

NTPC may pick up 49 pc equity in TELK.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Thiruvananthapuram, Nov. 27 - The National Thermal Power Corporation (NTPC) is likely to pick up 49 per cent equity in the State-owned Transformers and Electricals Kerala Ltd...

Tanla Solutions plans follow-on offer.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Mumbai, Nov. 27 - Tanla Solutions Ltd, a provider of integrated telecom solutions and products, is coming out with a follow-on public issue to raise around Rs 421 crore in the...

Kochi builders' expo from Dec 2.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Kochi, Nov. 27 - Build Expo 2006, the exhibition of construction machinery, equipment and property, will be held here on December 2 to 6 at the Jawaharlal Nehru International...

Next Gen launches Yellow Pages in Mumbai.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Mumbai, Nov. 27 - Next Gen Publishing Ltd launched Forbes Yellow Pages (FYP) in Mumbai today. The Yellow Pages contain contact information of various companies and organisations....

Seminar for diabetics.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Kochi, Nov. 27 - ICICI Prudential Life Insurance has conducted a seminar here at Hotel Renaissance as part of series of seminars held at 12 cities to reach out to diabetics with...

Record delivery in cardamom on NMCE.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Ahmedabad, Nov 27 - The National Multi-Commodity Exchange (NMCE) has posted a record physical delivery of 207 lots (quintals) of cardamom in the November series The physical...

One lakh water meters in Hyderabad by fiscal-end.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Hyderabad, Nov. 27 - The Hyderabad Metro Water and Sewerage Board, has decided to install one lakh water meters by the end of the current financial year in the twin cities of...

Bonus buzz at Godfrey Phillips.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Is Godfrey Phillips, a K K Modi and Philip Morris controlled company, planning to issue bonus shares to reward investors? Going by the Street talk, the issue could come up in...

Corpn Bank branch wins LIC award.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Hyderabad, Nov. 27 - Corporation Bank, Personal Banking Branch, Nampally, has become the first public sector bank to earn BIMA Bank award from the Life Insurance Corporation of...

Bhagyanagar preferential offer.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Hyderabad, Nov. 27 - Bhagyanagar India Ltd has informed BSE that an extraordinary general meeting will be held on December 20 to offer 5,00,000 fully paid-up equity shares of a...

College IT festival on Dec 2.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Hyderabad, Nov. 27 - Bankatlal Badruka College for Information Technology students will host the annual IT festival 'Abacus-2006' on December 2 at the college here. About 350...

Natco Pharma launches cancer drug.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Hyderabad, Nov. 27 - Natco Pharma Ltd (NPL) has launched Pemnat, an injectible drug used in the treatment of non-small cell lung cancer. Pemnat, to be available in 20-ml vials,...

First carbon fibre plant ready for production.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Hyderabad, Nov. 27 - The Rs 30-crore, indigenous carbon fibre manufacturing plant, which will feed the Light Combat Aircraft (LCA), as well as civilian SARAS aircraft, among...

Sandvik Asia setting up steel plant in Pune.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Pune, Nov. 27 - Sandvik Asia Ltd, the wholly owned subsidiary of the $ 8-billion Swedish Group Sandvik, is setting up a new high-speed steel plant under the Sandvik Tooling...

Emaar MGF, Accor form joint venture.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 New Delhi, Nov. 27 - Emaar MGF and Accor, on Monday announced the formation of a joint venture, Budget Hotels India Private Ltd, to bring Formule 1 brand of budget hotels to the...

Bharti, Wal-Mart deal: A promising partnership.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 The Bharti-Wal-Mart deal promises to be the beginning of a fruitful partnership. The deal marks the Bharti group's entry into the retailing industry, at a time when several big...

BASF cuts product range from Thane.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Mumbai, Nov. 27 - Chemical company BASF India Ltd is discontinuing production of some agrochemical products at one of the plants at its Thane manufacturing site. However, the...

Surana Ind's new steel plant.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 New Delhi, Nov. 27 - Chennai based Surana Industries Ltd (SIL) is setting up a new integrated steel complex to manufacture special steels mainly to cater to the needs of...

Kandagiri Spg net marginally down.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Coimbatore, Nov. 27 - Kandagiri Spinning Mills Ltd, Salem, has seen an 18 per cent growth in its sales income at Rs 24.37 crore for the quarter ended September 30, compared to Rs...

Goldstone plans FCCB issue, capital hike.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Hyderabad, Nov. 27 - Goldstone Technologies Ltd has informed BSE that a meeting of the Board of Directors will be held on November 29 to consider a proposal for FCCB (Foreign...

Sonata Soft concludes TUI deal.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Bangalore, Nov. 27 - Sonata Software Ltd has concluded the acquisition of a 50.1 per cent stake in TUI InfoTec GmBH, the IT outfit of Europe's leading tourism and shipping group...

Manaksia group charts big biz plans for Africa.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Lagos (Nigeria), Nov. 27 - MINL Ltd, the wholly owned overseas entity of Kolkata-based Manaksia Ltd, a Rs 1,400-crore group, is now seeking a larger manufacturing presence in...

Northgate stock options.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Hyderabad, Nov. 27 - Northgate Technologies Ltd has informed BSE that the company Board at its meeting on November 25 has decided to allot 78,900 equity shares of face value of...

Net downloads to get faster.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Chennai, Nov. 27 - Come January, Indian consumers will be treated to very high speeds of internet downloads with unlimited broadband being made available to them, promises the...

Ericsson R&D centre in Chennai.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Chennai, Nov. 27 - Swedish telecommunication company Ericsson today inaugurated its research and development facility in Chennai. The Chennai centre would develop 'charging...

Ramit Sethi joins Wipro BPO.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Bangalore, Nov. 27 - Mr Ramit Sethi has joined Wipro BPO as Senior Vice_President, Knowledge Services and Capital Markets. Prior to this, Mr Sethi was the Vice-President and...

Texas Instruments gearing up to tap chip market.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Bangalore, Nov. 27 - Twenty-one years after it set up its overseas research and development base in Bangalore, Texas Instruments is now gearing up to tap the Indian semiconductor...

Novelty, functionality drive car electronics.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Hyderabad, Nov. 27 - Slip into a modern day luxury car and you can see how the design of the steering itself has undergone dramatic changes to pack a lot of features that can be...

BHEL bags Rs 129-cr HZL order.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 New Delhi, Nov. 27 - Bharat Heavy Electricals Ltd (BHEL) on Monday said it has bagged a Rs 129-crore captive power plant project from Hindustan Zinc Ltd (HZL). The power plant...

Italian brand Geox to enter India.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Mumbai, Nov. 27 - Italy's footwear brand Geox is entering India The brand will be distributed through M&B Footwear, a vertically integrated footwear company, engaged in...

Lladro wants to be niche brand in Indian market.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Chennai, Nov. 27 - Lladro of Spain, famous for its premium porcelain figurines, wants to brand itself as a very, very niche brand, said Ms Angelique O'Brien, Chief Executive...

TRAI makes interconnection mandatory.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 New Delhi, Nov. 27 - Telecom subscribers of an operator such as Airtel can soon access services like astrology, toll free phone numbers offered by another operator, such as Hutch...

Gemini, Udaya merger with Sun TV.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Chennai, Nov. 27 - Sun TV Ltd on Monday announced the merger of its group companies - Gemini TV Pvt Ltd and Udaya TV Pvt Ltd - with itself Gemini TV owns five television...

Bharti, Wal-Mart may look beyond retail for talent.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Bangalore, Nov. 27 - With the formal announcement of the Bharti-Wal-Mart foray into the retail sector, CXOs in the country may soon be rolling up their sleeves for the next...

Corpn Bank ties up with India Post.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Mangalore, Nov. 27 - In tune with intensifying its efforts to serve the rural community more effectively, Corporation Bank has initiated a process to sell its loan products in...

Call rates remain steady.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Mumbai, Nov. 27 - Call rates remained the same between 6.1 per cent and 6.2 per cent. In the first one-day reverse repo auction under the LAF, the Reserve Bank of India received...

Bond yields hit 7-month low.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Mumbai, Nov 27 - Bond yields dropped by almost four basis points (prices have gained by around 32 paise), touching a seven-month low. The yield on the 10-year benchmark paper...

Rupee tad higher.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Mumbai, Nov. 27 - The rupee gained by three paise on Monday on strong FII inflows. Dealers said rupee gains were trimmed following strong demand for dollars from oil companies....

Shah Rukh's endorsements on the rise.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Chennai, Nov. 27 - Actor Shah Rukh Khan, who's in the news for taking over from Amitabh Bachchan as the new host of TV game show Kaun Banega Crorepati 3 (KBC), has endorsed...

Banks need to build database fast: Experts.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Chennai, Nov. 27 - There is more to Basel-II than capital requirement. The 'New Accord of Basel Committee of Banking Supervision', popularly known as Basel-II, is really a push...

Hyper Galex service to connect major ports in China, India, W. Asia.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Kochi, Nov. 27 - Emirates Shipping Line have announced the commencement of the "Hyper Galex Service" a leading scheduled service connecting major ports and trading centres in...

Gitanjali Gems raises $110 m thru FCCB.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Mumbai, Nov. 27 - Gitanjali Gems Ltd (GGL), a diamond and jewellery making company, has raised $110 million (approximately Rs 495 crore) through the issue of foreign currency...

Berlin Airport invites Indian airlines.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 New Delhi, Nov. 27 - Airlines from India have been offered a new gateway in Germany - Berlin - for launching flights into Europe and the US Berlin Airport is offering a...

Confucian ethics, China and India.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 The urgent need in India is to raise investment in education and institute a blend of meritocracy plus inclusive growth, based on the principles of Confucian Ethics, which is...

Speculative froth and oil.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Rather than blame speculators, India must address policy failures to get as much output as it can from every barrel of oil it imports Not for the first time the Finance...

Retail India waits for Wal-Mart to get going.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Mumbai/Chennai, Nov. 27 - Retail India reacted cautiously to the news that Wal-Mart has finally reached Indian shores Most of the retailers and industry people that Business...

Kolkata port moots 'one port one rate' proposal.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 Kolkata, Nov. 27 - The Kolkata Port Trust (KoPT) has forwarded to the Tariff Authority for Major Ports (TAMP) proposals which, if and when cleared, will remove the present...

Gold-based deposit scheme.
November 28, 2006... (From Business Line) from BUSINESS LINE, November 28, 2006 This is with reference to "Bankers propose gold-based deposit scheme" (Business Line, November 18) The significant aspect of the scheme is that the banks are entering into...