The Hindu Business Line : Tuesday, January 24, 2006

Reliance plans Rs 6,000-cr IPO for refinery project — To invest Rs 3,315 cr in retail biz
AFTER nearly 12 years, Reliance Group has announced its plans for another mega IPO to raise Rs 5,000-6,000 crore for part funding its new refinery and petrochemicals project. The Mukesh Ambani controlled Reliance Industries Ltd (RIL) has also ... More

Power reforms to be thrust area: PM
CONTINUING its thrust on infrastructure development, the United Progressive Alliance Government will soon shift its focus to accelerating power sector reforms, the Prime Minister, Dr Manmohan Singh, said here on Monday. Stating that the road ... More

RBI fines 7 banks for IPO irregularity
THE Reserve Bank of India has fined seven banks for violation of RBI regulations and IPO finance irregularity. These banks are Bharat Overseas (Rs 20 lakh); Citibank (Rs 5 lakh); HDFC Bank (Rs 5 lakh); ICICI Bank (Rs 5 lakh); IOB (Rs 15 lakh); ... More

Hotel, travel, tourism sectors — Govt plugs loophole in car imports under EPCG scheme
THE Government has tightened the import regime for motor cars, sports utility vehicles (SUVs) and all-purpose vehicles under the export promotion capital goods (EPCG) scheme by hotels, travel and tourism and golf tourism sectors. The move ... More

Tata Steel Q3 net down 15 pc due to rising input costs
TATA Steel Ltd reported a 15 per cent decline in its third quarter net profit at Rs 753.74 crore from Rs 890.51 crore in the year-ago period. Rising raw material costs, coupled with a fall in steel prices, eroded profits, analysts and company ... More

Kingfisher Air plans FCCBs to raise $200 m — Private equity route, IPO other options
KINGFISHER Air has spread its fund-raising options to include foreign currency convertible bond (FCCB) or through the private equity route apart from its earlier option of floating an IPO to raise around $200 million. The Kingfisher Air ... More

Microsoft India to file for 70 patents
MICROSOFT India is set to file for 70 patents this fiscal, as the software major is making innovation part of its overall growth strategy in the country. "Last fiscal, Microsoft India filed for 40 patents. We expect this number to grow to ... More

BSNL ties up with Malaysian co for Axia handsets
BHARAT Sanchar Nigam Ltd (BSNL) has entered into an exclusive agreement with Malaysia-based Fifth Media to launch the world's smallest PDA handset using Microsoft Windows platform — Axia, in India. The mobile handset will be branded as ... More

Access to online radio may soon get easier — Epigon Media working on recording tool
ONLINE radio has charmed music fans all over the world. Bangalore-based Epigon Media Technologies is working on an independent software application similar to a desktop music player such as Winamp, which will make listening to online radio a ... More

Tata AIG, ICICI Lombard to launch domestic travel cover
PRIVATE insurance companies plan to launch domestic travel insurance covering all modes of transport. Two leading insurers — Tata AIG General Insurance Company Ltd and ICICI Lombard General Insurance Company — will be unveiling their ... More

Architectural outsourcing - drawing a new design
ASK an architect fresher what he or she is earning, and he or she will mumble something about `growth prospects' and `initial period', because the field, they say, is a slow starter in terms of salaries. However, today freshers have the option of ... More