NATIONAL Reliance pays Rs 1,542 cr to Govt, opts out of Bengal
New Delhi: In less than 24 hours of issuance of guidelines on unified licence, Reliance Infocomm today (Nov 12) paid about Rs 1,542.5 crore (Rs 15.42 billion) to Government to migrate to new single licence
regime in 16 circles, but opted to stay out of unification in West Bengal, which includes Kolkata circle.
Equities lose early gains; SENSEX down 25 points
Mumbai: Equities lost their early gains and select blue-chip stocks even registered marked falls pushing the SENSEX down by nearly 25 points at close on the Bombay Stock Exchange (BSE) today (November 12) on late sell-off by local institutions.
Govt considering selling stakes in IOC and ONGC
New Delhi: Government is considering selling its 20 per cent stake in Indian Oil Corp (IOC) and 5 per
cent equity in Oil and Natural Gas Corp (ONGC) in domestic and overseas markets as a means to shore
up its sagging revenues.
Satyam to further expand its China operations
Shanghai: After establishing a state-of-the-art software development centre in Shanghai, one of India's
top Information Technology giants Satyam Computer Services Ltd plans to expand its operations into
smaller Chinese cities to meet the growing outsourcing requirements.
SENSEX strong at early stages on fresh buying
Mumbai: The SENSEX opened moderately higher and improved further in line with a fresh upsurge in
blue-chip stocks during morning trading on the Bombay Stock Exchange (BSE) today (November 12) on
sustained purchases by foreign institutional investors (FIIs) coupled with buying by speculators.
