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Thursday, February 24, 2005

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Mahindra ties up with Renault — Joint venture to make Logan cars in India
MAHINDRA & Mahindra Ltd (M&M) on Wednesday announced a 51:49 joint venture with Renault, to produce and sell the latter's car, Logan, in India. Separately, discussions are on between the two parties to sell M&M SUVs abroad through the Fre More

Commerce Ministry for addressing inverted duty structure
THE Commerce Ministry is looking up to the Finance Ministry to address the inverted duty structure in the fiscal policy in the forthcoming Union Budget. This is because high customs duties on raw materials and intermediates than finished ... More

ESPN-Star bid to catch the Indo-Pak cricket bus
THE off the field action on telecast rights for the forthcoming India-Pakistan series is hotting up. While broadcasters are waiting for an interim order from the Madras High Court, ESPN Star Sports on Wednesday wrote to the Board of Control for ... More

Bank of Punjab to issue fresh shares to four investors at Rs 38
BANK of Punjab today said that it is issuing fresh equity shares to various investors including The Bank of Nova Scotia, Canada and Bharti Enterprises Pte Ltd at Rs 38 per share. In a notice to stock exchanges, the bank said that its board has ... More

CDMA group pushes for 1900 Mhz frequency allocation
THE Code Division Multiple Access (CDMA)-based mobile phone service providers and equipment suppliers on Wednesday came together to push for allocation of additional frequency in 1900 Mhz. At a joint press conference, attended by representatives ... More

Reliance, L&T forge ahead in dull market
IT was a day of lacklustre market activity. The sharp recovery witnessed on Tuesday turned out to be short-lived, with the key indices closing in negative territory on Wednesday. The BSE Sensex dropped 6.91 points to close at 6582.5. The S&P CNX More



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