NATIONAL Rally in Refinery stocks pushes Sensex up by 37 pts
Mumbai: After a brief pause, a sharp rally in refinery stocks aided the SENSEX to end 37 points higher
at the Bombay Stock Exchange (BSE) today (Dec 18, 2003) on fresh purchases by Foreign Institutional
Investors (FIIs) as well as domestic funds.
Economy resilient to absorb oil price rise: RBI
Reserve Bank of India (RBI) today (Dec 18, 2003) asserted that the economy had enough
resilience to absorb rise in global oil prices and said it is keeping a close watch on inflation.
'VC funding to touch $ 1 billion in 2004'
Riding on a buoyant economy, bullish stock market and relatively stable political climate,
India is poised to corner about $ 750 million of venture capital in 2003, which is slated to go up to about $ one billion in 2004.
Infosys acquires Aussie firm Expert for $ 22.9 mn
Bangalore: Software major Infosys Technologies Limited today (Dec 18, 2003) signed an agreement to
acquire Australia-based Expert Information Services Pvt Ltd for $ 22.9 million.
