CCEA strikes down ONGC plan to invest in Nigeria
THE Government has shot down a proposal of ONGC Videsh Ltd (OVL) to pick up stake in a Nigerian oil and gas field, while at the same time permitting downstream public sector oil companies to partner Oil India Ltd (OIL) in scouting for oil and gas ...
HLL plans more unified functioning CEO Douglas Baillie to take charge in March
HLL is to have a CEO supported by an extended management committee and a more unified functioning of the separate businesses. Effective from March 1, 2006 Mr Douglas Baillie, currently Group Vice-President and head of Unilever AMET (Africa, ...
Names of banned applicants in ICICI Bank issue removed
A SCRUTINY of the applicants to the ICICI Bank issue has yielded the names of three or four investors who are among the 13 individuals and entities banned by SEBI from trading in YES Bank shares yesterday. These names have been removed from the ...
CST phase-out: States seek full Central compensation
THE States have now made it known to the Union Finance Minister, Mr P. Chidambaram, that full Central compensation of central sales tax (CST) losses was an essential pre-condition for phasing-out this tax from April 1 next year. Apart from ...
Forbes finds India's rich outstrip China's
FOR all the hype and hoopla over China as an economic powerhouse, India's richest 40 are collectively worth a whopping $106 billion, four times more than China's richest 40 having a collective worth of only $26 billion, points out Forbes' latest ...
Canara Bank in talks with UNEP on carbon credits
CANARA Bank has offered to negotiate for carbon credits on behalf of industrial and domestic solar power and water heater customers as part of its green energy financing initiative. Speaking to Business Line, Mr R. Prabha, General ...
Karvy-DP calls for deeper probe into other IPO allotments
EVEN as the Indian stock markets were taken aback with the Yes Bank IPO allotment scam unearthed by the SEBI on Thursday, Karvy Depository Participant (DP) has said that such IPO allotment scams were not ruled out. The market regulator has ...
Bringing in more global competition TRAI to permit reselling of bandwidth by 2007
IN a bid to bring in more competition in the international bandwidth segment, the Telecom Regulatory Authority of India (TRAI), on Friday, announced a number of initiatives including permitting reselling of bandwidth by 2007 and allowing access ...
Winning streak continues 7th week in a row
MARKETS closed on a positive note and continued its winning streak for the seventh week in a row. The BSE Sensex closed at 9284.5 - up 114 points or 1.2 per cent. Markets started on a cautious note on Friday morning carrying forward the ...
Mobile gaming sector sees robust growth
THE worldwide growth of the mobile gaming market is said to have exceeded expectations. Industry watchers expect the games download revenues to reach the £7-billion mark by 2010, when the mobile handset growth is envisaged at over two ...
Depression in Bay not likely to intensify further
Rain/thundershowers are likely at a few places over Andaman and Nicobar Islands and isolated over Tamil Nadu, Pondicherry, Kerala and Lakshadweep. While fairly widespread rains are likely to commence along the Tamil Nadu coast from as early as Friday night, isolated to scattered rainfall is likely over south coastal Andhra Pradesh and south interior Karnataka from Saturday morning.
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