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Petrol price cut; diesel unchanged
PUBLIC sector oil companies have reduced the price of petrol by up to Rs 1.26 per litre while maintaining diesel prices at the existing level. The new prices will be effective from midnight tonight. The decrease in price comes close on the ...
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Infosys, Microsoft join hands for $8-m IT initiative
INFOSYS Technologies Ltd and Microsoft Corp today announced a new information technology transformation initiative designed to help clients improve business performance . Infosys and Microsoft have provided an initial investment of $8 million ...
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Temasek arm picks up 6.9 pc stake in Satnam Overseas
THE Singapore-based Temasek Holdings has picked up 6.9 per cent stake in branded basmati rice exporter Satnam Overseas Ltd (SOL) from the open market. Temasek Holdings' subsidiary Arnada Investment (Mauritius) has purchased these shares. Most ...
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New norms for non-official bank directors await Cabinet panel nod
THE proposed changes in the norms governing appointment of non-official directors in public sector banks are likely to come into force only after being cleared by the Appointments Committee of Cabinet. The committee's clearance for the revised ...
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S Kumars looks at Rs 300-cr business from ready-to-wear — To extend Reid & Taylor to formalwear; plans economy brand
TOTAL Wardrobe Solutions, the ready-to-wear division of S Kumars, is charting out a roadmap to generate Rs 300 crore worth of business over the next five years. Mr Govind Mirchandani, who recently joined S Kumars, is rekindling that group's ...
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Ranbaxy, other drug cos face £94.5 m claim in UK
Ranbaxy Laboratories Ltd may have to fork out a portion of the £94.5-million claim made by the National Health Service. When contacted, officials of Ranbaxy said that the matter is sub-judice and therefore "it is not fair to comment on the ...
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