NATIONAL Heavyweights fall, SENSEX in negative terrain Mumbai: Select heavyweight counters moved further downwards, pushing the SENSEX in negative terrain for fourth successive session on the Bombay Stock Exchange (BSE) on January 7 largely due to selective selling by domestic funds and slowdown in FII (Foreign Institutional Investors) activity.
India rejects UK's plea to lower duty on spirit New Delhi: India said on January 7 it was not possible to accede to United Kingdom's request to reduce duty on imported spirits due to revenue and other considerations.
FICCI lauds NDA govt, Vajpayee gets 10 out of 10 New Delhi: Lauding NDA (National Democratic Alliance) government's performance, especially in economic reforms despite limitations of coalition politics, Federation of Indian Chambers of Commerce and Industry (FICCI) gave full marks to Prime Minister Atal Behari Vajpayee, saying either he or someone like him should head the government after the next general elections.
FICCI favours divestment through public offering New Delhi:Amid the ongoing controversy over the methodology of disinvestment, apex industry association Federation of Indian Chambers of Commerce and Industry (FICCI) suggested that the government should refrain from privatising public sector undertakings (PSUs) through sale of equity to an individual or a company and instead should take recourse to public offer route in India and abroad.
'Indian telecom set to grow by 13.42 per cent' The Indian telecommunication market is projected to grow with a record combined annual growth rate (CGAR) of 13.42 per cent in the next five years despite the current slowdown in the world telecom market according to a Frost & Sullivan study.
SENSEX fluctuates in narrow range in early trade The SENSEX opened on a firm note and later fluctuated in an extremely narrow range at early stages on the Bombay Stock Exchange (BSE) on January 7 due largely to lack of fresh buying by operators and slow down by foreign institutional investors' (FIIs) activity.
