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Moneycontrol News Archive : 11 April, 2006

  • Asian exotica with a contemporary twist

    11th April, 2006 23:27

    Michael Carl Jansen is an architect and he's fida over India and its colours...

  • HDFC Capital Builder dumps Geometric, Satyam

    11th April, 2006 14:46

    HDFC Capital Builder Fund entered Tulip IT in the month of March but it exited IT major Satyam and Geometric Software.

  • BCCI suspends former chief Jagmohan Dalmiya

    11th April, 2006 13:05

    Heaping more humiliation on Jagmohan Dalmiya, the Board of Control for Cricket in India on Monday suspended the former Chief from attending all its meetings.

  • Quota system: Beneficiaries too are not so happy

    11th April, 2006 12:53

    Its not just students in the general category who oppose the proposal to increase reservations in educational institutes, the beneficiaries of the quota system too

  • Bar on foreign investment in domestic carriers may go

    11th April, 2006 12:49

    Foreign airlines may now be able to invest in domestic Indian carriers. That's if the government approves the new aviation policy. CNBC-TV18 has learnt that the po

  • Margins to dip in Q1: Murthy

    11th April, 2006 12:48

    iGATE Global Solutions has come out with its Q4 numbers. As per the company, the salary correction has hit its margins in Q4. Q1 margins are also expected to be

  • High rise prices touching new highs in Pune

    11th April, 2006 12:26

    People are rushing in to book apartments that won't be ready for another two years. And yet, most are sold out, or perhaps cornered by speculators?

  • Crude oil futures head towards USD 69/barrel

    11th April, 2006 12:19

    Crude oil futures headed up towards USD 69 a barrel mark. The surge is mainly due to rising tension over Iran's nuclear programme and continuing supply disruptions

  • India no longer a political risk for foreign investors

    11th April, 2006 12:04

    India is no longer a major political risk for foreign investors. That's the advice Price Waterhouse Coopers and Eurasia Group will offer customers of their new po

  • Salary correction hit margins in Q4: iGate

    11th April, 2006 11:34

    According iGate, salary correction has hit margins in Q4. It is targeting 15% OPM in 07. But it believes that the margins will come down in Q1.

  • iGate Q4 net profit at Rs 4.7 crore

    11th April, 2006 11:20

    In Q4, iGate has posted a net profit of Rs 4.7 crore versus Rs 1.3 crore (QoQ). Q4 revenue is up 1.3% at Rs 167.37 crore from Rs 165.2 crore (QoQ).

  • PSU banks to hike rates to compete with private banks

    11th April, 2006 10:52

    Bank deposits are back in fashion. In fact, they may soon earn as much as your post office account. ICICI Bank is offering 7.5% for deposits over 15 lakh, while AB

  • Bajaj Allianz to modify 12 ULIPs to meet norms

    11th April, 2006 10:11

    Bajaj Allianz Life said it would modify 12 of its existing unit-linked insurance plans (ULIP) to conform to the guidelines that will come into effect on July 1.

  • BHEL bags order from GIPCL

    11th April, 2006 10:00

    State-owned equipment major Bharat Heavy Electricals Ltd (BHEL) has bagged a Rs 1,200-crore order from Gujarat Industries Power Company Ltd (GIPCL) for setting up

  • Pfizer worried over import of Norvasc into Philippines

    11th April, 2006 09:40

    Pfizer Inc has a problem with the import of generic versions of its anti-hypertension drug Norvasc into the Philippines. And some of this problem stems from India.

  • HDFC Premier Multi-Cap bullish on ITC, L&T

    11th April, 2006 15:19

    HDFC Premier Multi-Cap Fund has increased its weightage to engineering, auto, FMCG, and IT sectors. ITC was the month's top buy, while Andhra Bank was the top sell

  • Indian carmakers make a beeline for Malaysia

    11th April, 2006 13:14

    The National Auto Policy announced last month in Malaysia has eased taxation norms to attract foreign manufacturers. And Indian car makers like Tata Motors and Mah

  • WalMart harbouring banking plans

    11th April, 2006 13:02

    The world's largest retailer -WalMart now plans to open a bank- Wal Bank, an industrial bank in Utah to process electronic payments from its stores.

  • BSNL likely to post 20% dip in net profit

    11th April, 2006 12:50

    PSU telecom giant BSNL is likely to post a 20% dip in its net profits for the fiscal year 2005-06. Lower Access Deficit Charge Collections and Lower License Fee Re

  • General entertainment space witnessing a churn

    11th April, 2006 12:48

    The general entertainment space is seeing a lot of churn. Hindi mass entertainment channels are losing viewership to other genres and within themselves, Zee and Sa

  • Expect 15% EBITDA margins by 2007: iGate

    11th April, 2006 12:41

    iGate Global Solutions CFO N Ramachandran says that their quarterly margins have been slightly impacted due to some salary corrections. The company expects EBITDA

  • 12 IT SEZs approved by government

    11th April, 2006 12:24

    Twelve proposals for IT Special Economic Zones have been approved by the government. CNBC-TV18 reports that if the contentious issue of minimum area requirement is

  • Copper & zinc prices hit a record high

    11th April, 2006 12:14

    Copper and zinc both rose to a record high, leading to a rally in metals. Base metal copper rose after the Mexican government failed to intervene in a 17-day strik

  • Fidelity becomes second largest investor in RPL

    11th April, 2006 11:53

    Fidelity has currently bought a 2.38% stake in Reliance Petroleum. But this not the well known foreign institutional investor - Fidelity, but it is a 'persons acti

  • India producing millionaires at faster pace

    11th April, 2006 11:30

    India is on the fast track in producing dollar millionaires, as compared to other countries in the world. Also, India's growth rate of 15% is one of the fastest in

  • Strike over; but chaos prevailed at SBI branches

    11th April, 2006 11:14

    State Bank of India employees on Monday resumed work after a week-long strike, following the government's offer of a new pension package. Chaos prevailed in most o

  • IIM directors meet to discuss CAT & reservation

    11th April, 2006 10:19

    It was a meeting of minds. Six IIM directors came together in Ahmedabad to discuss the issue of Common Admission Test. But they are believed to have also talked ab

  • Tuticorin Port Trust plans Rs 4,000 cr expansion

    11th April, 2006 10:08

    Tuticorin Port Trust (TPT) has unveiled a major expansion initiative involving an investment of over Rs 4,000 crore in two phases to develop infrastructure aimed a

  • Riddhi Siddhi announces Rs 120-cr capex plans

    11th April, 2006 09:51

    Riddhi Siddhi Gluco Biols Ltd (RSGBL), manufacturer of starch and its derivatives, has announced capex plans worth Rs 120 crore to improve existing facilities and

  • BSNL drops IPO plans this fiscal

    11th April, 2006 09:27

    The state-owned Bharat Sanchar Nigam Ltd (BSNL) has decided not to push ahead with its plans for the proposed initial public offering (IPO) in the current financia

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