INTERNATIONAL Russian telecom giant to invest $ 1 billion in India Moscow: Russia's AFK Sistema financial corporation is to invest $ 1 billion in the Indian cellular telecommunication sector over a period of five years.
NATIONAL Year 2002: RBI focuses on soft interest regime Mumbai: With Bimal Jalan ensconced at the helm, Reserve Bank of India (RBI) continued its policy stance in 2002 on soft interest rate regime, low inflation, providing adequate liquidity even as fresh inflows led to the foreign exchanges reserves scaling a record high in excess of $ 68 billion.
SENSEX closes at 32-week peak with HPCL in lead Mumbai: The benchmark flared up by 1.82 per cent to end at a 32-week peak of 3,398.00 on the Bombay Stock Exchange (BSE) on the last week of the current calendar year following good buying support from operators as well as foreign funds, with oil major Hindustan Petroleum Corporation Limited (HPCL) leading the pack.
HPCL leads rally, SENSEX up by 15.36 pts at BSE Mumbai: Led by oil major HPCL (Hindustan Petroleum Corporation Limited), select old-economy blue-chip counters registered smart gains, helping the SENSEX to close up by 15.36 points at 3398.00 on the Bombay Stock Exchange (BSE) on December 27, extending the rally to the third consecutive session on the back of sustained buying.
Reliance launches WLL services with three schemes Mumbai: Reliance Infocomm on December 27 announced launch of its limited mobility telecom service, seeking to provide the facility in 673 towns and cities across the country with three schemes, including a unique three year Dhirubhai Ambani Pioneer Offer at Rs 3000.
'Indian economy staying ahead of global activity' Bangalore: RBI Governor Bimal Jalan on December 27 asserted that India can achieve the eight per cent growth target fixed for the 10th plan (2002-07), saying conditions are right and the country's current macro-economic situation has seldom been better than now.
Kelkar proposes doubling of exemption limit New Delhi: Vijay Kelkar panel on tax reforms on December 27 proposed doubling of the tax exemption limit on personal incomes to Rs 100,000.
SafeScrypt, DGFT sign MoU for safe transactions Bangalore: SafeScrypt Ltd, India's first licensed certifying authority has achieved yet another milestone in providing convenient and secure transactions over the Internet by signing a memorandum of understanding (MoU) with the director general of foreign trade (DGFT) for digitally signed EXIM transactions, according an official press release.
Kelkar panel moots 3 slabs of Customs duties New Delhi: Kelkar task force on direct and indirect taxes on December 27 recommended three slabs of Customs duties including zero per cent duty for life-saving drugs and 10 per cent for raw materials and intermediate goods within two years.
Equities rally, SENSEX past 3,400-mark in early trade Mumbai: The benchmark crossed 3,400-mark at early stages in line with smart share rally on the Bombay Stock Exchange (BSE) on December 27 following all round buying by operators.
