Business Daily from THE HINDU group of publications
Wednesday, December 20, 2006
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WEB EXTRAS

ELECTRONICS
MIC Electronics to buy out InfoSTEP
Hyderabad-based MIC Electronics, a player in Light Emitting Diode (LED) display systems, will acquire the remaining 49 per cent stake in US-based InfoSTEP before December 2007, according to Dr MV. Ramana Rao, Managing Director and CEO, MIC ... More

PETROLEUM
Great Offshore may be listed by Dec 27
No non-compete clause with GE Shipping More

TAXATION
Kamal Nath defends SEZs
`They are engines of growth that lead to job creation' More

HARDWARE
Digital lifestyle expo gets good turnout
`Kochi has potential to be hub for IT usage' More

SOFTWARE
Cambridge Tech IPO opens on Dec 29
Cambridge Technology Enterprise Ltd, a technology solutions provider for mid-sized companies in the US, is entering the capital market with a public issue of 63.15 lakh equity shares of Rs 10 each for cash at a price of Rs 38 per share (including ... More

PAPER, BOARD & NEWSPRINT
Amrit Banaspati in restructuring mode
To hive off edible oil, paper units More

STOCK MARKETS
`Markets of future will be cross-border in nature'
The Chief Economist and Head of Research department, New York Stock Exchange (NYSE), Mr Paul Bennett, has said that markets of the future are going to be much more cross-border and global in nature. Admitting that the NYSE was in talks with ... More

FOREIGN INSTITUTIONAL INVESTORS
S&P launches Shariah compliant indices
Standard & Poor's today launched Shariah-compliant versions of its widely used global indices, the S&P 500, S&P Europe 350 and S&P Japan 500. This initiative is expected to create new opportunities for Islamic investors to benchmark t More

ENTERTAINMENT & LEISURE
Zapak to set up gaming café chain
Zapak Digital Entertainment Ltd, the online gaming company from Reliance Anil Dhirubhai Ambani Group, will invest $100 million (Rs 447.6 crore) over three years to cash in on the gaming boom in the country. The investment will be made to not ... More

OUTLOOK
Honda Motor to launch small car in India
Construction of second plant on the anvil More

Short supply seen lasting in rubber till 2020
Natural rubber will be in short supply during the next 14 years, according to a study by the International Rubber Study Group (IRSG). Though the difference between production and consumption would be 4 lakh tonnes in 2010, it might increase to 15 ... More

Bharti-Wal-Mart suppliers may turn exporters
Suppliers to the Bharti-Wal-Mart retail stores in the country will eventually be tapped for Wal-Mart stores across the globe. "We would like to leverage our global scale to transform these suppliers into exporters with access to our global ... More






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