NATIONAL Stocks make strong turnaround; recover early losses Stocks made a strong turnaround at the fag end and recovered large part of early losses on the back of heavy purchases by institutional investors on the Bombay Stock Exchange (BSE) today (Feb 20, 2004).
Jaswant confident of maintaining high growth rate Painting a rosy picture of Indian economy, which has posted a phenomenal 8.9 per cent growth in the third quarter of 2003-04, Union Finance Minister Jaswant Singh today (Feb 20, 2004) prophesied that the growth tempo would maintain momentum over the next few years.
Govt opens bids for IPCL public offer Government today (Feb 20, 2004) opened bids for sale of its residual equity in IPCL (Indian Petrochemicals Corporation Ltd) through public offer route.
Govt decides to merge 50 pc DA with basic pay In a bonanza to its employees ahead of the ensuing Lok Sabha elections, the Government today (Feb 20, 2004) decided to merge 50 per cent of dearness allowance (DA) with the basic pay, a step that may cost the exchequer Rs 4330 crore till the end of 2004-05.
Inflation rises to 5.9 pc, shows impact of bird flu Beating the expectations of the Reserve Bank and Government, inflation rose by 0.11 per cent to 5.91 per cent for the week ended February seven mainly due to costlier food products, textiles and fuels used as inputs for manufacturing.
Britannia Airways to outsource IT to LogicaCMG Software engineers of LogicaCMG from Bangalore will manage and support information applications for European airline Britannia Airways, offering savings by one third of the existing cost, for both firms.
Sensex dips below 5800-mark ahead of public issues The sensex opened weak and continued its downward march falling below 5800 mark during the morning trading on the Bombay Stock Exchange today (Feb 20, 2004) on sustained selling by investors that seemed to be showing keen interest in the forthcoming public issues by major companies.
INTERNATIONAL C'wealth mission confident of Doha talks resumption A high-level Commonwealth Trade Ministers' mission has said that it was confident that despite the Cancun WTO (World Trade Organisation) disaster, the Doha round of trade talks are likely to be resumed this year following positive signals from major global players on trade.
