Power Grid board approves investment proposals
November 20, 2008 by admin
Filed under Company News
Power Grid Corporation of India’s board has approved investment for transmission system linked with Sasan Ultra Mega Power Project (UMPP) at an estimated cost of Rs 7031.88 crore. The project is scheduled for commissioning within 48 months from the date of approval.
Axis Bank joins hand with TimesofMoney
November 20, 2008 by admin
Filed under Company News
Axis Bank has formed an association with TimesofMoney under which the latter will provide its remittance solution to the bank. The move will help the bank to offer its non-resident customers AxisRemit, the bank’s own branded online remittance services.
Govt to start work on Pranahita-Chevella lift irrigation scheme
November 20, 2008 by admin
Filed under Economy News
The government is planning to start work on the Pranahita-Chevella lift irrigation scheme, valued at Rs 38,500 crore. This scheme will deliver irrigation facilities in south India.
Tata Investment recovers from the shock of FIPB turning down its ZCCBs proposal
November 10, 2008 by admin
Filed under Stocks to Watch
Tata Investment Corporation is currently trading at Rs 280, up by 1.95 points or 0.70% from its previous closing of Rs 278.05 on the BSE.
Punj Lloyd gets investors appreciation on subsidiary’s new JV
November 10, 2008 by admin
Filed under Stocks to Watch
Punj Lloyd is currently trading at Rs 213.55, up by 14.55 points or 7.31% from its previous closing of Rs 199 on the BSE.
ICICI Pru MF changes load structure for Gilt Fund- Investment Plan
November 9, 2008 by admin
Filed under Mutual Funds
ICICI Prudential Mutual Fund has decided to make changes to the load structure excluding Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) of ICICI Prudential Gilt Fund- Investment Plan, an open-ended short term gilt fund.
Principal Pnb MF announces dividend
November 9, 2008 by admin
Filed under Mutual Funds
Principal Pnb Mutual Fund has announced declaration of dividend under Principal Pnb Fixed Maturity Plan -30 Days - Series III, a close ended debt scheme. The fund house has fixed November 11, 2008 as record date.
Infosys bags top honors in Karnataka IT Exports Award
November 9, 2008 by admin
Filed under Company News
Infosys and its subsidiary Infosys BPO bagged many top honors at the STPI (Software Technology Parks of India) and Karnataka State IT Exports Awards 2007-08.
DoT to impose 3 year lock in on new players
November 9, 2008 by admin
Filed under Economy News
In wake of stake sales by some of the fresh licensees of 2G spectrum, department of telecommunications may impose a 3-year lock-in period on sale of promoters’ equity of new players.
Spectrum vacation by defence still stuck in disagreements
November 9, 2008 by admin
Filed under Economy News
While the government is getting ready to launch the 3G spectrum auction during January, a number of issues relating to spectrum availability remain unclear. In latest developments in this regard, the defence establishment has raised its estimates for construction of an alternative optic fibre communications network to Rs 14,000 crore from Rs 5,000 crore earlier.