The Hindu Business Line : Sunday, June 25, 2006

Salcomp of Finland to set up plant near Chennai
Salcomp Plc of Finland, a leading manufacturer of mobile phone chargers, will invest about Rs 35 crore (€ 6 million) in a plant at Sriperumbudur, about 45 km west of Chennai. The plant will come up at the suppliers' park within the ... More

AI Express gets sales tax waiver on ATF
Air India Express, the low cost airline from Air India, is expected to see a drop in its fuel bill during the current fiscal, with the Finance Ministry specifying that the aviation turbine fuel (ATF) for its international flights would be ... More

NSDL asks DPs to re-verify accounts every fortnight
About 4,000 demat accounts frozen so far More

Long distance operators hiring foreigners need Home Ministry clearance
New rule restricted to Virtual Private Network services More

Banks may lose about Rs 1,500 cr CRR income
The banking sector will lose nearly Rs 1,500 crore that it could have potentially earned from the Reserve Bank of India, following the amendments to the RBI Act. That is about 6 per cent of the profits earned in 2005-06. Banks, hitherto, got ... More

Ranbaxy gets USFDA nod for cholesterol drug
Pharmaceutical major Ranbaxy Laboratories Ltd has received approval from the USFDA for manufacturing and marketing cholesterol-lowering Simvastatin tablets in the US market. The company said it has received the approval for marketing the drug in ... More

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