Oil companies slash ATF rates
February 28, 2009 by admin
Filed under Economy News
Public sector oil companies have slashed the jet fuel or aviation turbine fuel (ATF) prices by an average of Rs 2,125 per kilo litre. The revised prices will become effective from March 1, 2009.
Anant Raj Industries to develop education city in Gujarat
February 28, 2009 by admin
Filed under Company News
Real estate major Anant Raj Industries is planning to develop an education city in Mehsana district of Gujarat for an estimated Rs 4,000 crore.
Foundation stone laid for Rs 5,900 cr Tuticorin power project
February 28, 2009 by admin
Filed under Company News
The foundation stone for the 1,000 mega watt Thoothukudi thermal power plant in Tuticorin, Tamil Nadu was laid down by external affairs minister Pranab Mukherjee today.
RIL to acquire Chevron’s holding in Reliance Petroleum
February 28, 2009 by admin
Filed under Company News
The Mukesh Ambani-controlled Reliance Industries (RIL) is expected to acquire US energy giant Chevron’s stake in Reliance Petroleum (RPL). The overseas major had picked up a 5% stake in RPL in April 2006 as part of an equity investment pact with RIL.
Airtel launches first rural service center in Pune
February 28, 2009 by admin
Filed under Company News
Bharti Airtel has launched its first rural Airtel Service Center (ASC) of Maharashtra and Goa telecom circles, in Ausarikurd village, 60 kilometers from Pune, in a move to boost its growth and penetrate into the remote rural market.
Infy cuts discretionary pay for senior management
February 28, 2009 by admin
Filed under Company News
India’s second largest software exporter Infosys Technologies has announced a cut in discretionary pay to senior management level personnel owing to the ongoing economic slowdown.
L&T to aims 30% growth in sales next fiscal
February 28, 2009 by admin
Filed under Company News
Construction major Larsen & Toubro (L&T) is aiming to maintain a 30% growth rate in sales in the next fiscal despite the ongoing economic slowdown.
Union Bank to be among top three by 2012
February 28, 2009 by admin
Filed under Company News
Public Sector bank – Union Bank of India – is aiming to be one among the top three banks in India by the end of 2012 by crossing a total business of Rs 5 crore.
HCL BPO scouting for BPO firms in US, UK and Australia
February 28, 2009 by admin
Filed under Company News
HCL BPO, the business process outsourcing wing of HCL Technologies, is eyeing US, UK and Australia based BPO firms with revenues of up to $250 million.
Ashok Leyland inks MoU with Corporation bank
February 28, 2009 by admin
Filed under Company News
Truck major Ashok Leyland has entered into a Memorandum of Understanding (MoU) with Corporation Bank to offer retail financing for the company’s commercial vehicle customers.