ICICI Bank to lower rates as New Year gift
The customers of ICICI Bank will get their New Year gift in the form of cut in interest rates, its CEO and Managing Director K V Kamath said today. “We are looking at cutting interest rates very early in January for our housing and other loan customers,” [...]

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Siemens fixes Book Closure for Dividend & AGM
Siemens Ltd has announced that the Register of Members & Share Transfer Books of the Company will remain closed from January 16, 2009 to January 30, 2009 (both days inclusive) for the purpose of payment of dividend & 51st Annual General Meeting (AGM)

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Gulf Oil Corporation – Equity Shareholders & Unsecured Creditors to approve Scheme of Arrangement
Gulf Oil Corporation Ltd has announced that pursuant to the order made by the High Court of Judicature of Andhra Pradesh at Hyderabad, a meeting of the Equity Shareholders & Unsecured Creditors of the Company will be held on January 12, 2009, [...]

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Shoppers Stop extends its option of acquiring 51% of Hypercity
Shoppers Stop Ltd has announced that pursuant to an option agreement executed with the Promoters of HyperCity Retail (India) Ltd; (HyperCity), the Company had an option to acquire upto 51 percent of the Equity Share Capital of HyperCity. The Company had already acquired 19 percent of [...]

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ONGC Board declares Interim Dividend
Oil & Natural Gas Corporation Ltd (ONGC) has announced that the Board of Directors of the Company at its meeting held on December 19, 2008, inter alia, has declared an Interim Dividend of 180% on the paid up equity share capital of the Company for the FY 2008-09. This works out [...]

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India Infoline – Grant of Employee Stock Option
India Infoline Ltd has informed BSE that the Compensation Committee of the Board of Directors of the Company has on December 18, 2008, vide a circular resolution granted the following Employee Stock Options:
1. 40.5 Million Employee Stock Options at previous day closing price (Rs 45.3) to the employees [...]

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Unitech wireless
Unitech Ltd has announced that the Department of Telecommunications, Ministry of Communication & Information Technology, Government of India (“DOT”) has issued the letter to the Company’s Telecom Subsidiaries for allotment of 4.4 MHz of Spectrum in 1800 MHz GSM

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Indiabulls Financial Credit Rating
Indiabulls Financial Services Ltd has announced that CRISIL has assigned the rating of “AA-/Stable” to the Rs 30.3988 Billion Bank facilities of the Company. This being the first bank facilities

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