NATIONAL SENSEX gains 43 pts; heads towards magic 5000-mark
Mumbai: The market breached 4900-level at close on October 17 and is now poised to hit the magic 5000-mark with continued upbeat mood at the Bombay Stock Exchange (BSE) in the wake of sustained flow of foreign investments as well as announcements of encouraging quarterly results.
Stock scam: Ketan Parekh plea rejected by CLB
New Delhi: With the Company Law Board ruling against both the applications filed by Ketan Parekh group of companies on the stock market scam of 2001, decks may have been cleared for the government to be allowed to begin a probe into these 16 companies, sources said.
Panasonic to launch 3 cellphone models in India soon
Bangalore: Bullish on the Indian market, National Panasonic India, a wholly-owned entity of Japanese major Matsushita Electric Industrial company, is tracking a turnover growth of over 55 per cent in the current fiscal, and plans to launch three new cellular phone models in the country soon.
SC notice to Chhabrias, Mallya on SEBI appeal
New Delhi: The Supreme Court on October 17 issued notices to Chhabria group chairman Kishore Rajaram Chhabria and UB group Chairman Vijay Mallya on two petitions by SEBI (Securities and Exchange Board of India) challenging a Securities Appellate Tribunal (SAT) order on the controversy over shares of liquor company Herbertsons Ltd.
Intel, Sony tie-up to bring music to cell phones
New Delhi: Intel Corporation and Sony Music Entertainment on October 17 announced they will work together to enable users to access music, images, videos and other Sony Music Entertainment content on powerful, Intel-based cellular phones and PDAs.
Contact centre management experts to visit India
Bangalore: Global practitioners from LimeBridge, an alliance of CRM consulting firms from 10 countries, are visiting India for the first time next month to share expertise in contact centre management and its applicability in the Indian context, a key organising official said on October 17.
SENSEX opens past 4900-mark on fresh buying
Mumbai: The market remained upbeat with the SENSEX opening strong in line with a fresh rally in blue-chip stocks during morning trading on the Bombay Stock Exchange (BSE) on October 17 on sustained flow of FII investments.
Infosys Tech announces partnership with Fujitsu
Bangalore: Infosys Technologies Ltd on October 17 announced its partnership with Fujitsu Limited, a
leading provider of Information Technology and communications solutions for the global marketplace,
according to a press release.
Wipro recruited 3,091 people during second quarter
Bangalore: IT major Wipro Ltd on October 17 announced that it recruited 3,091 people during second
quarter (July to September 2003) to touch a total of 24,265 professionals.
Wipro Q2 net profit up by 4 per cent at Rs 230 crore
Bangalore: IT major Wipro Ltd on October 17 reported a revenue of Rs 1,374.5 crore for the second
quarter ending September 30, an increase of 29 per cent over Rs 1,062.1 crore reported during the
corresponding quarter last year.
INTERNATIONAL Bogey of Chinese economic invasion over: Jaitley
Beijing: India has successfully dealt with a "bogey" that China was poised to invade the country
economically by swamping the Indian market with cheap goods, Commerce Minister Arun Jaitley said on
October 17.
