TNM

Kerala To Provide Mobile Phones To Policemen

Kerala To Provide Mobile Phones To Policemen As part of the total modernization of intelligence system, the government of Kerala has decided to provide broad-band Internet connections to all police headquarters, and cell phones to all police personnel in the State.

Home Minister Kodiyeri Balakrishnan stated that cell phones would be offered to all State police members without charging any cost.

The minister also said that presently only officers of the rank of sub inspector and above enjoy this facility.

McNally Bharat picks order worth Rs 116 crore

McNally Bharat picks order worth Rs 116 croreMcNally Bharat Engineering bagged an order worth Rs 116 crore from state-run Steel Authority of India for a water supply system project at its Burnpur plant.

The company stated in a release that, Steel Authority of India (SAIL), IISCO Steel Plant, Burnpur, West Bengal has accepted the company`s offer for water supply system for CCP and BOF for a total price of up to Rs 115.92 crore inclusive of tax and duties.

The project is scheduled to be completed in 18 months.

PNC Financial to slash dividend to 10 cents per share

PNC Financial to slash dividend to 10 cents per sharePittsburgh-based PNC Financial Services Group Inc. today announced that its Board of Directors will slash the company's quarterly common stock dividend from $.66 to $.10 per share in aim to save $1 billion a year and boost liquidity.

The dividend cut comes as executives at many banks are feeling pressure to reconsider their companies' dividends as their stock prices fall and the market puts a greater premium on capital preservation.

The next dividend is expected to be declared in early April.

Sahara Group to spend Rs 4000 crore on setup of 217 Hospitals

Sahara Group to spend Rs 4000 crore on setup of 217 HospitalsDiversified business conglomerate Sahara, in a bid to become a national player in the domestic healthcare sector, has revealed its investment plan worth Rs 4,000 crore over the next 10 years for setting up a chain of 217 secondary hospitals across the country.

Through Sahara Hospital Chain, the company intends to set up a benchmark of excellence in advanced, hi-tech and multi-disciplinary medical services in Asia.

Edserv Softsystems ends Day 1 with huge premium of 129%

Edserv Softsystems ends Day 1 with huge premium of 129%Shares of e-learning services provider Edserv Softsystems had a strong debut on the stock exchanges on Monday.

The company’s scrip got listed on Monday at Rs 55, down 8.33 per cent from its issue price of Rs 60 on the Bombay Stock Exchange, but later settled the day with whopping premium at Rs 137.55, up Rs 78 or 129 per cent.

During trading session, the scrip touched an intraday high of Rs 147 and intraday low of Rs 55 on BSE. The total traded quantity was 3,41,04,135 shares.

BHEL setting up manufacturing unit in Tamil Nadu; to pump Rs 250 crore

BHEL setting up manufacturing unit in Tamil Nadu; to pump Rs 250 croreState-run power equipment maker Bharat Heavy Electricals Ltd (BHEL) has revealed that the company is presently setting up a manufacturing unit at Tirumayam in Tamil Nadu at an investment of Rs 250 crore.

The project, to be funded through internal accruals, is part of the company’s manufacturing capacity expansion programme, a company official said.

The new plant would initially produce about 25,000 metric tonne of boiler components.

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