INTERNATIONAL Global economy heading back to recession: WB Washington: The World Bank has warned that after the "exceptionally slow growth" in the last two years, there is significant risk that the world could slip back into recession.
NATIONAL It's time to be bullish, says ICICI chief Kamath Bangalore: India's economy is in good shape with low inflation rates and interest rates and it's time to be bullish, Managing Director and CEO of ICICI Bank Limited, K V Kamath, said on December 17.
BSE: Banking shares in limelight in subdued market Mumbai: Barring a smart rise in banking counters, select old economy heavyweights, led by tobacco major ITC declined moderately pushing down the SENSEX by another 17.33 points to close at 3311.06 on the Bombay Stock Exchange (BSE) on December 17 following fresh selling by operators as well as foreign funds.
Forex market stable, GDP to grow by 5-5.5 %: Jalan Basel (Switzerland): India's foreign exchange market is "stable and orderly" and the country is confident of achieving 5-5.5 per cent growth in economy, Reserve Bank Governor Bimal Jalan has said.
SEBI probing fall in share prices of BPCL, HPCL New Delhi: Stock market regulator Securities and Exchange Board of India (SEBI) has been asked to investigate the fall in share prices of oil PSUs (Public Sector Undertakings) Hindustan Petroleum (HPCL) and Bharat Petroleum (BPCL) just before the September 7 meeting of the Cabinet Committee on Disinvestment (CCD), the Lok Sabha was informed on December 17.
India pledges $ 50 million for particle accelerator Bangalore: India has committed an investment of $ 50 million for the world's biggest particle accelerator, which would be built in Geneva in 2005, a senior government official said.
India offers low cost supercomputing solution Bangalore: At $ 5 million, India's soon to be launched one teraflop PARAM Padma supercomputer is half the international price and it has a huge potential for exports to the global market, top officials indicated.
Govt has no plans to corporatise CDAC: Shah Bangalore: The government currently has no plans to corporatise the Centre for Development of Advanced Computing (CDAC) and is now refocussing the work being done in various societies under the Department of Information Technology (DIT), a top official said.
SC sets aside telecom tribunal order on WLL-M New Delhi: The Supreme Court on December 17 set aside a telecom tribunal order upholding the government's decision to allow basic telephone operators to provide limited mobility on wireless in local loop (WLL-M).
IT shares in limelight at early stages on BSE Mumbai: Information Technology (IT) counters were in the limelight at opening session on the Bombay Stock Exchange (BSE) on December 17 due to fresh buying support in the wake of firm NASDAQ advices.
