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| Instanex Skindia DR Index eases MUMBAI, July 14: The Instanex Skindia DR Index dropped further by 2.10 per cent or 33.71 points to 1,578.28 by 0.97 per cent or 15.46 points to 1,568.28 on July 13 and the Dr Index P/E ...........more ICAC Plenary at Brazil in Sept COIMBATORE, July 14: The 65th Plenary meeting of the International Cotton Advisory Committee (ICAC) would be held at Brazil from September 11......more Colgate-Pamolive joins hand with WHO for dental health care NEW DELHI, July 14: Joining hands with the WHO-supported Global Child Dental Health Taskforce .....more Investment Board clears proposals BHOPAL, July 14: Several investment proposals have been cleared by the Project Clearance and Implementation Board ......more |
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Texmaco bags Rs 483 cr orders MUMBAI, July 14: Texmaco Ltd, the KK Birla group company engaged in wagon manufacturing, today said it has bagged orders worth Rs 483 crore from National ........more Paradip refinery project to be completed by 2010-11 BHUBANESWAR, July 14: The Rs 35,000 crore revised refinery-cum-petrochemicals project of the Indian Oil Corporation (IOC) at Paradip in Orissa will be completed by 2010-11, ........more ONGC loses Angolan bid to Chinese consortium NEW DELHI, July 14: Oil and Natural Gas Corp (ONGC), India's largest oil producer, has lost out on a bid for an oil block in Angola to a Chinese-led ....more MRTPC slams DLF again for unfair trade practice NEW DELHI, July 14: As it battles pre-IPO hiccups in a volatile market, construction major , ..........more |
Instanex Skindia DR Index eases MUMBAI, July 14: The Instanex Skindia DR Index dropped further by 2.10 per cent or 33.71 points to 1,578.28 by 0.97 per cent or 15.46 points to 1,568.28 on July 13 and the Dr Index P/E ratio also moved down to 20.17, Instanex Capital release said here today. Following are the GDR and ADR rates for July 13 in US dollars with differences in percentage from the previous level given in brackets. Bajaj Auto (GDR) 59.00 (UNCH) Dr Reddy (ADR) 27.38 (-3.66) HDFC Bank (ADR) 50.68 (-1.11) Hindalco (GDR) 3.90 (+8.33) ICICI Bank (ADR) 21.72 (-3.04) Infosys Tech (ADR) 78.80 (-3.79) ITC (GDR) 3.85 (-2.53) L&T (GDR) 46.50 (UNCH) MTNL (ADR) 6.12 (-4.38) Ranbaxy Labs (GDR) 7.65 (UNCH) Reliance (GDR) 46.00 (-2.54) Satyam Comp (ADR) 32.79 (-2.35) SBI (GDR) 40.00 (-1.23) VSNL (ADR) 16.14 (-4.50) Wipro (ADR) 12.27 (-3.61) (PTI) |
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ICAC Plenary at Brazil in Sept COIMBATORE, July 14: The 65th Plenary meeting of the International Cotton Advisory Committee (ICAC) would be held at Brazil from September 11. The theme of the five-day meeting would be 'Social and Environmental impacts of cotton production and use,' the South India Cotton Association (SICA) sources said. The Government of India would be sending a delegation for the meeting, in which representative of SICA would be a member, they said. Similarly, a one-day meeting of All India Cotton Trade Associations, organised by East India Cotton Association, would held on August five in Mumbai, the sources said. The meeting would discuss a theme 'strengthening the cotton economy through sustained exports', they said. (PTI) |
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Colgate-Pamolive joins hand with WHO for dental health care NEW DELHI, July 14: Joining hands with the WHO-supported Global Child Dental Health Taskforce to eradicate tooth decay in children by 2026, Colgate-Pamolive India has announced the establishment of a new Oral Health Center of Excellence. The center will impart educational training with the help of local dental health professionals and distribute one million dental health packs containing a toothpaste and a toothbrush for over 5 years. Initiating the task, Global Taskforce Director Prof Raman Bedi said, "We have sought help from the Indian dental leaders to eradicate tooth decay in children by 2026." Good oral health is the fundamental element of good general health, yet the lack of access to oral care for underserved children has reached an epidemic, Prof Bedi said. Presently, he is on an Indian tour to co-chair the first meeting of the National Taskforce (NT). According to a National Oral Health Survey, tooth decay is widespread among 54 per cent of 12 years old and 63 per cent among 15 years old in India while gum diseases are prevalent in 57 per cent of 12 year old and 68 per cent of 15 year old. (UNI) |
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Investment Board clears proposals BHOPAL, July 14: Several investment proposals have been cleared by the Project Clearance and Implementation Board constituted by the Madhya Pradesh government in three meetings held since its formation, official sources said today. The Board, headed by the Chief Secretary, comprises Principal Secretaries of Finance, Revenue, Commercial Taxes, Industries and Employment and Housing and Environment departments along with Secretary to the Chief Minister as members. The Board is mandated to regularly meet twice a month on the first and third Tuesdays to clear capital investment proposals in industries, services, infrastructure and other enterprises. (UNI) |
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MUMBAI, July 14: Texmaco Ltd, the KK Birla group company engaged in wagon manufacturing, today said it has bagged orders worth Rs 483 crore from National Hydroelectric Power Corporation (NHPC) and supply of container flat wagons. The Heavy Engineering Division of the company secured a order for hydro mechanical equipment of Rs 296 crore from NHPC and orders worth Rs 187 crore for container flat wagons, the company informed the Bombay Stock Exchange. The orders of Rs 483 crore were exclusive of duties and taxes and bagged in line of the new policy of Indian Railways permitting the private sector to enter the field of containerised freight movement. The shares of the company were trading at Rs 625.25, up 9.99 per cent on the BSE. (PTI) |
Paradip refinery project to be completed by 2010-11 BHUBANESWAR, July 14: The Rs 35,000 crore revised refinery-cum-petrochemicals project of the Indian Oil Corporation (IOC) at Paradip in Orissa will be completed by 2010-11, the Union Minister for Petroleum and Natural Gas, Murli Deora has said. The Paradip project was high on IOC's priority and over Rs 1,000 crore would be spent immediately on site development work, Deora assured Orissa Chief Minister Naveen Patnaik at New Delhi yesterday. Patnaik, who called on the union minister, thanked him for upscaling the project from a 9 mmtpa petroleum refinery to a 15 mmtpa refinery-cum-petrochemicals complex and suggested that the IOC should act as the anchor tenant for promoting a petrochemicals and petroleum refinery investment region at Paradip, an official release here said. Both Deora and Patnaik agreed to put in place a high level joint task force for this purpose, it said. The Chief Minister also requested for intensifying ONGC's oil exploration activity in the state. Deora informed that survey work had been done in four blocks in Orissa and there were "very positive findings" of huge gas reserves in the Mahanadi basin. He said oil rigs were being mobilised and were expected to be in position within the next nine to 12 months. He also expressed interest to set up LPG distribution outlets for commercial vehicles in a few selected locations in the state, which was welcomed by the chief minister, the release said. The Chief Minister also discussed with the Union Minister about the Sun Temple peripheral development project at Konark, which was being assisted by the IOC and the National Cultural Funds Initiative. Deora assured Patnaik that the project work would be awarded shortly and augmentation of budget, if required, would be made, the release said. (PTI) |
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ONGC loses Angolan bid to Chinese consortium NEW DELHI, July 14: Oil and Natural Gas Corp (ONGC), India's largest oil producer, has lost out on a bid for an oil block in Angola to a Chinese-led consortium. The Indian firm offered 310-million dollar signature bonus for becoming a partner in Block 18 but its bid fell short of 725-million dollars offered by a 75/25 Sino-Angolan joint venture, Sonangol-Sinopec International (SSI), industry sources said. ONGC had bid lower than even Angola's Grupo Gema (400 million dollars). Sources said pre-qualified operators for Block 18, Petrobras of Brazil and Chevron of US bid only 276-million dollars and 272-million dollars respectively. However, Petrobras has been made operator taking a 30 per cent interest with SSI getting a 40 per cent stake. Angola's Falcon Oil and Gema Group have 5 per cent working interest each. Angola had offered seven blocks - three in shallow water and four in deep water - in its first offshore licensing round. Sources said Total of France is likely to get operatorship of Block 17 with 35 to 40 per cent share, leaving SSI with 27.5 per cent and three Luanda-based juniors-Angola Consulting Resources, Falcon Oil and Prodoil-and perhaps even Portugal-based Partex Oil&Gas to share the remaining interest, each with stakes of about 5 per cent. On Block 15, Eni offered 902-million dollar signature bonus to take 35 per cent stake. SSI will have 20 per cent interest and Angola's Sonangol P&P with 15 per cent carried interest. Total will have 15 per cent stake and Statoil of Norway, Petrobras and Falcon Oil would each hold 5 per cent. Petrobras landed operatorship of Block 26 (80 per cent) and Block 6 (40 per cent), the latter in partnership with Norway's InterOil E&P, Falcon Oil and another Angolan junior Initial Oil&Gas. InterOil is also a partner in Block 5, which was won by US-based Vaalco Energy, while London-headquartered Tullow Oil will control Block 1. (PTI) |
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MRTPC slams DLF again for unfair trade practice NEW DELHI, July 14: As it battles pre-IPO hiccups in a volatile market, construction major DLF was caught on the wrong side, the second time in the last three months, by Monopolies and Restrictive Trade Practices Commission who found the builder guilty of "unfair trade practice". DLF, which faced similar verdict in May for billing customers for escalation charges, has now been ordered to return the money of a customer, with interest, who chose to cancel his allotment when asked to cough up more than originally told. "The respondent (DLF) is directed to refund the applicant the component of the earnest money," MRTPC acting Chairman M M K Sardana said in his order this week. The Commission also directed the company to pay nine per cent interest to its customer. MRTPC slammed DLF for altering the basic terms of its Apartment Buyer's Agreement and termed it as "unforeseen burden". "The respondent (DLF) is a very renowned builder and should normally not be incorporating clauses, in which balance is tilted towards it," MRTPC said. In their appeal, Brigadier Umang Seth and Ekta Seth had accused DLF of "arbitrarily deducting money" in their DLF Regency Park, Gurgaon, scheme. Irked, they chose to cancel their flats rather than pay the cost escalation charges. The duo had entered into agreement an agreement with DLF in 1993 for a flat in DLF Regency Park. As per the agreement, the Seths were to pay Rs 16.37 lakh in 42 installments in 10 years. DLF was supposed to hand over the possession of the flat in three years or by 1996. (PTI) |
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Colgate-Pamolive joins hand with WHO for dental health care NEW DELHI, July 14: Joining hands with the WHO-supported Global Child Dental Health Taskforce to eradicate tooth decay in children by 2026, Colgate-Pamolive India has announced the establishment of a new Oral Health Center of Excellence. The center will impart educational training with the help of local dental health professionals and distribute one million dental health packs containing a toothpaste and a toothbrush for over 5 years. Initiating the task, Global Taskforce Director Prof Raman Bedi said, "We have sought help from the Indian dental leaders to eradicate tooth decay in children by 2026." Good oral health is the fundamental element of good general health, yet the lack of access to oral care for underserved children has reached an epidemic, Prof Bedi said. Presently, he is on an Indian tour to co-chair the first meeting of the National Taskforce (NT). According to a National Oral Health Survey, tooth decay is widespread among 54 per cent of 12 years old and 63 per cent among 15 years old in India while gum diseases are prevalent in 57 per cent of 12 year old and 68 per cent of 15 year old. (UNI) |
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MUMBAI, July 14: HDFC Bank Ltd today posted a 30.38 per cent rise in net profit at Rs 239.30 crore for the quarter ended June 30, as compared to Rs 183.53 crore for the corresponding quarter in the year 2005-06. Total income rose to Rs 1855.08 crore for the first quarter in 2006-07 from Rs 1157.68 crore in the year-ago period, up 60.24 per cent, the bank said in a release here. Net revenues, consisting of net interest income and other income, were up by 48.4 per cent at Rs 1168.4 crore for the quarter ended June 30, as against Rs 787.2 crore for the corresponding period of the previous year. Recording an increase of 47.6 per cent, total balance sheet size of the bank as on June 30, grew up to Rs 79,697 crore. The bank's capital adequacy ratio (CAR) was at 11.7 per cent as of June 30. (PTI) BoB bags first prize at Rajbhasha Shield competition MUMBAI, July 14: Bank of Baroda (BoB) has bagged the first prize for A, B and C linguistic regions for the year 2004-05, in the Rajbhasha Shield competition organised by the Reserve Bank of India (RBI). RBI Governor Y V Reddy gave away the prizes to the winning banks and financial institutions at a function organised here on Wednesday, a release issued here today said. Anil K Khandelwal, Chairman and Managing Director, BoB, received the shield on behalf of the bank. The bank's house journal, ‘Bob-Maitri’, was awarded the second prize under the category of bi-lingual magazines published by various PSBs and FIs. (PTI) |
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