INTERNATIONAL Post 9/11: US Airways files for bankruptcy protection New York: Crippled by the 9/11 terrorist strikes resulting in decline in the number of passengers, US Airways, the sixth largest airlines in US, has filed for bankruptcy protection to enable it to renegotiate agreements with vendors, leasers and financiers.
NATIONAL RIL, Infosys rally to lift SENSEX by 31.51 pts Mumbai: The benchmark notched up yet another sharp 31.51 points to close at 3007.85 on the Bombay Stock Exchange (BSE) on August 12, spurred by a smart rally in heavyweights like Reliance Industries Limited and Infosys Technologies.
India’s growth estimates likely to be lowered: ADB New Delhi: Asian Development Bank (ADB) on August 12 said it is likely to revise downwards the six per cent growth estimates for India for the current fiscal on account of the drought situation in some parts of the country.
India committed for Free Trade Area in South Asia New Delhi: India on August 12 said it was firmly committed to the establishment of a Free Trade Area in South Asia but emphasised that a review of several tariff and non-tariff barriers was necessary to augment formal trade in the region.
K'taka iron, steel traders go on indefinite strike Bangalore: Iron and steel traders in Karnataka went on an indefinite strike on August 12, in protest against government prescribing multi-point sales tax of 1.5 per cent with effect from August 7 and demanding that it be withdrawn forthwith.
Indiamarkets ties up with Goodex for foreign sources Bangalore: Business-to-business e-commerce enabler and e-procurement service provider, Indiamarkets, has signed a pact with Europe's leading sourcing and auction service provider, Goodex AG, enabling it to offer international procurement services to its clients in India.
SENSEX hovers in positive terrain at opening session Mumbai: The SENSEX hovered in positive territory after buying in select heavyweight at the opening session on the Bombay Stock Exchange (BSE) on August 12.
