INTERNATIONAL
Oil price surges to record high of $ 24 a barrel London: The price of oil surged on March 11 to its highest opening level for almost six months, as US-Iraqi tensions continued to convince dealers to buy crude.
NATIONAL
SC ruling on Ayodhya help SENSEX gain at BSE Mumbai: Equities, particularly old-economy shares, recouped part of their overnight losses lifting the SENSEX by 33.82 points to close at 3,569.62 points on the Bombay Stock Exchange (BSE) on March 13 on renewed buying support from foreign funds following the status quo ruling given by the Supreme Court in the Ayodhya issue.
IREDA to issue new bonds to mobilise resources Coimbatore: The Indian Renewable Energy Development Agency (IREDA) had plans to come out with three bonds of Rs 300 crore, to mobilise additional resources, according to a top company official.
Higher GDP in India to boost S Asia's growth: WB New Delhi: Higher GDP growth prospects in India is likely to push up the overall prospects of the recession-hit South Asian region to about 5.0 per cent growth this year, the World Bank said on March 13.
Sinha asks industries to agree on new customs regime New Delhi: Finance Minister Yashwant Sinha on March 13 asked the industry to develop a consensus and classify import items for faster implementation of 10-20 per cent custom duty regime.
TI announces tie ups with Wipro, Sasken Bangalore: Texas Instruments Incorporated (TI) announced on March 13 that Wipro Technologies and Sasken Communication Technologies Limited would serve as independent "OMAP" Technology Centres in Asia.
BayPackets Inc. to expand India operations New Delhi: BayPackets Inc. on March 13 announced the expansion of its India operations. BayPackets is a developer and marketer of integrated, carrier-grade service deployment platform that accelerates revenue-generating network-based service delivery. Over the next three years the company plans to invest over $15 million in its Indian subsidiary. The move will initiate its entry into the burgeoning telecom market in India.
Intel builds world’s smallest memory cell New Delhi: Researchers at Intel Corporation have built the world's smallest SRAM (Static Random Access Memory) memory cell, measuring only one square micron.
'Govt mooting savings scheme for all salaried class' New Delhi: Finance Minister Yashwant Sinha on March 13 defended lifting of exemptions and 0.5 per cent cut in small savings rate in the Budget, and said the government was considering a savings scheme, which would benefit the salaried class in both the public and private sector.
SENSEX recoups as market braces for SC verdict Mumbai: Benchmark recouped part of overnight losses at opening session on the Bombay Stock Exchange (BSE) on March 13 on the back of good buying support in the old economy segment, even as the market braces up for the Supreme Court verdict on the contentious Ayodhya issue.
