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Govt to divest 8 pc in Maruti — Stake sale limited to banks, FIs
REVIVING the disinvestment process, the Government today invited Expression of Interest (EoI) from domestic public sector financial institutions and public sector banks for picking up 8 per cent stake in the auto major, Maruti Udyog Ltd ...
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Sensex up 109 points, closes at 9,394 — Retail investors told to be cautious
THE stock markets posted yet another lifetime high on Monday on continued foreign funds' inflows, but experts cautioned small investors from entering A-group stocks where valuations are stretched. The benchmark BSE-30 index rose by 109.81 ...
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Air Sahara wins cricket team sponsorship — To shell out Rs 313.80 cr for 4-year period
THE Indian cricket squad will now wear the logo of Air Sahara on its shirt after the company emerged as the highest bidder for team sponsorship, coughing up Rs 313.80 crore for a four-year period. From just Rs 78.10 crore that the Sahara Group ...
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Rain group to buy US calcined coke outfit for Rs 500 cr
THE Rain group — comprising Rain Calcining Ltd and Rain Commodities — has struck a Rs 500-crore deal to buy a calcined coke outfit in the US. According to the group sources, an announcement to this effect is likely to be made to ...
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Tamiflu, an export opportunity for domestic drug cos
Queries are coming in from South-East Asian and African countries and some developed markets for generic versions of Tamiflu.
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FII inflows cross $10b in 2005
THE investments by FIIs in the Indian equity markets have crossed $10 billion in the 2005 calendar, the highest ever by the foreign funds in a single year after FIIs were allowed to make portfolio investments in the country's stock markets in the ...
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Wipro buys Austrian co for 47 m euros
WIPRO Technologies has acquired Austrian chip design firm NewLogic for euro 47 million (Rs 253.4 crore) in an all cash deal. The acquisition would strengthen Wipro's presence in Bluetooth and the wireless local area network (WLAN) ...
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Infy to recruit from China campuses
INFOSYS Technologies Ltd plans to start recruiting from Chinese campuses from February 2006. Infosys currently has some 330 employees in China who have been hired laterally from other companies. "We plan to visit about 7-8 Universities and ...
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Tropical storm shows signs of weakening
TROPICAL storm 07B, the deep depression in the southwest Bay of Bengal, which lay centred about 250 km east of Nagapattinam at 11.30 a.m. on Monday, has already started showing signs of weakening. The central pressure of the system has scaled ...
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