L&T Board declares interim dividend

Saturday, March 17, 2007, 11:19 [IST]

Mumbai, Mar 13 (UNI) Larsen&Toubro Ltd (L&T) has informed BSE that the Board of Directors of the Company at its meeting held today has decided to pay Rs 11 per share of Rs 2 each as Interim Dividend for the current financial year ending March 31, 2007.

UNI

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Other articles published on March 17, 2007

Rupee opens nearly flat at 44.23/24 per US dollar

Saturday, March 17, 2007,11:19 [IST]

Mumbai, Mar 13 (UNI) The Rupee today opened nearly steady at 44.23/24 against the dollar from the same level of its last close on moderate dollar demand from local dealers. The Indian currency traded in a narrow range against the dollar as investors were circumspect following recent volatility in investment flows, while watching for signs of any Central Bank intervention. Later, the partially convertible Rupee was at 44.25/27 per dollar, little changed from yesterday's close of 44.23/24 on some.....

VSNL ties up with Microsoft to launch ReadyAccess

Saturday, March 17, 2007,11:19 [IST]

Mumbai, Mar 13 (UNI) Tata Group's Videsh Sanchar Nigam Ltd (VSNL) in collaboration with software behemoth Microsoft today launched 'ReadyAccess' Business Messaging&Collaboration Services. ''Targeted towards the rapidly growing Small and Medium Enterprises (SME) market in India, this service provides secure, enterprise grade messaging capabilities with quick and easy deployment on a pay per use basis, without the need for high up-front capital investments. The service also eliminates ongoing operational, management and administration costs, and safeguards against technology changes and obsolescence......

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REL terminates drilling contract with Aban Offshore

Saturday, March 17, 2007,11:19 [IST]

Mumbai, Mar 13 (UNI) Reliance Industries today terminated its contract with Aban Offshore in relation to its drilling order, an official statement said here. The statement, however, did not mention any reasons for the move. Aban Offshore's rig was expected to start work based on the contract within a few weeks. Earlier in the day, RIL had informed the BSE regarding two new discoveries of hydrocarbon wells in the east coast blocks at Krishna Godavari basin in Andhra Pradesh......

UTI Bank ties up with IIFCL to finance infrastructural projects

Saturday, March 17, 2007,11:20 [IST]

Mumbai, Mar 13 (UNI) UTI Bank has entered into an agreement with India Infrastructure Finance Company Limited (IIFCL) in order to provide an impetus to the financing of infrastructural projects in the country. The Bank has realized that there are huge opportunities in the field of infrastructure financing, which can be tapped in order to offer customized solutions in the areas of project advisory, lending and structured finance, a release issued here today said. Under the MOU, UTI Bank and IIFC.....

Bajaj Electricals buys 32 pc stake in Starlite

Saturday, March 17, 2007,11:20 [IST]

Mumbai, Mar 13 (UNI) Bajaj Electricals Ltd has acquired 32 per cent stake in Starlite Lighting Ltd to ease sourcing of energy-saving compact fluorescent lamps (CFL), market sources today said. Bajaj Electricals, with no production facility of its own, had been sourcing CFLs from Starlite and other vendors. It bought 4 million shares in Starlite, based in Maharashtra. ''With this acquisition, what we get is a substantial stake in a running company with a state-of-the-art manufacturing plant and a ready-made.....