FreePress India - Breaking News and Editorial in Indian Business

Tata Communications – Etisalat enterprise network services for UAE

March 2, 2009March 2, 2009 by Editor's Desk

Etisalat, and Tata Communications, a leading provider of the new world of communications and a part of the $62.5 billion Tata Group, today jointly announced the launch of enterprise network services, enabling to offer a range of dedicated Ethernet services to the customers seeking connectivity in the UAE and globally. The partnership enables Etisalat to … Read more Tata Communications – Etisalat enterprise network services for UAE

RBI fixes reference rate for the dollar at Rs 51.75

March 2, 2009March 2, 2009 by Editor's Desk

The Reserve Bank of India (RBI) has fixed the reference rate for the dollar at Rs 51.75 against Friday’s rate of Rs 50.73. The exchange rate for the euro was fixed at Rs 65.19 (Rs 64.57) on Friday and that for the UK pound was Rs 73.7256 (Rs 72.5236). The reference rate for the Japanese … Read more RBI fixes reference rate for the dollar at Rs 51.75

Universal Sompo to launch credit and weather insurance products soon

March 2, 2009 by Editor's Desk

Universal Sompo General Insurance, a joint venture between Allahabad Bank, Indian Overseas Bank, Karnataka Bank, Sompo Japan Insurance and Dabur Investments, is planning to focus on big and mid-sized corporates and farm sector by launching products in the credit and weather insurance segments. The company is currently developing products for these segments and is likely … Read more Universal Sompo to launch credit and weather insurance products soon

Hindustan Dorr wins order from HPCL-Mittal Energy

March 2, 2009March 2, 2009 by Editor's Desk

Hindustan Dorr Oliver has won order from HPCL-Mittal Energy for engineering, shop & site fabrication, transportations and supply of process pressure vessels weighing from 50 MT to 250 MT each. The order is valued at Rs 24 crore and is scheduled for completion within a period of 12 to 14 months. Recently, the company bagged … Read more Hindustan Dorr wins order from HPCL-Mittal Energy

Reliance Petroleum Swap Ratio 16:1

March 2, 2009March 2, 2009 by Editor's Desk

Reliance Industries ‘(RIL) board has approved the merger of Reliance Petroleum (RPL) with the compnay and set a share swap ratio of 16:1. As per the swap ratio agreed by the boards, shareholders of RPL will get 1 share of RIL for every 16 shares held. Reliance Industries has also stated that it would buy … Read more Reliance Petroleum Swap Ratio 16:1

FII net sellers of Rs 463 cr in cash segment on Friday

February 28, 2009 by Editor's Desk

Foreign institutional investors (FIIs) were net sellers of Rs 463.03 crore (provisional) in the cash segment on Friday, as per the information posted on the BSE website. While FIIs made gross purchases of Rs 1,824.15 crore, their gross sales amounted to Rs 2,287.18 crore. Domestic institutional investors (DIIs) were net buyers of Rs 649.26 crore … Read more FII net sellers of Rs 463 cr in cash segment on Friday