Capital goods drive import growth April-Aug numbers reflect brisk economic activity
THE robust merchandise import growth of 39.40 per cent in the first five months of the current fiscal owed itself largely to substantial growth registered by non-oil imports, particularly capital goods as also imports of export-related items, ...
Sensex moves up 111 on fresh FII buying
STOCK prices continued their upward movement for the fifth day in a row as FIIs returned to make fresh purchases even as the rupee touched a new low of 46 against the US dollar in early morning trade. The BSE Sensex opened firm and moved up ...
John Snow for opening up of banking sector
THE US Treasury Secretary, Mr John Snow, has called for opening up of India's banking and financial sectors. Referring to his meeting with officials at the Reserve Bank earlier in the day, he said the officials talked about a `road map' that ...
Toyota may set up next plant in Bangalore
TOYOTA is likely to set up its next plant by the side of its existing factory near Bangalore. A car plant outside Karnataka may come up only in 2015. Sources close to Toyota Kirloskar Motor told Business Line that the top brass of the ...
Dr Reddy's to buy Roche's Mexico unit for $59 m
The business at the Cuernavaca facility involves the manufacture and sale of APIs and intermediates to Roche and other innovator companies.
Centre not to allow States to float airlines for international routes
THE Central Government is not keen on allowing State Governments to float their own airlines for operations on international routes. The Centre's latest thinking could put a spoke in the proposed plans of the Kerala government to float an airline ...
Apollo Hospitals to open day-care surgery centres
IT is not a case of once bitten twice shy for the Apollo Hospitals Group, after franchisee-related issues required it to opt out of its first baby-oriented centre in Delhi. The hospital group is looking to enter a new line of healthcare ...
TCS buys BPO firm in Chile Plans to expand in a big way in Latin America
TATA Consultancy Services (TCS) has acquired the Santiago-based business process outsourcing firm Comicrom for $23 million in an all-cash deal. As part of the deal, TCS also bought out the 49 per cent stake in the IT services joint venture from ...
Revenue Dept may look into books of cos in Volcker report
THE Revenue Department is likely to look into the books of the 130-odd Indian companies named in the Volcker Committee report to ascertain whether they had violated any domestic tax laws. The Volcker Committee had made a detailed report on ...
MphasiS may raise $40 m to fund buy-back plan
The buy-back would be scheduled after the close of fiscal 2005-06 and the price, mode and exact percentage would be decided closer to April 2006.
BSNL profit crosses Rs 10,000 cr in 2004-05 To float GSM tender for 60 million lines soon
STATE-OWNED telecom corporation Bharat Sanchar Nigam Ltd (BSNL) on Tuesday said it registered profit of over Rs 10,000 crore in 2004-05, while revenues jumped about six per cent to cross Rs 36,000 crore. The company said that it would invite ...
Shear zone gets 2nd engine sputtering to life again
THE east-west shear zone just got its other engine sputtering to life with the southeast Arabian Sea warming up to host a cyclonic circulation on Tuesday, threatening to pour it down heavily on the South Tamil Nadu and Kerala coasts for two more ...
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