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Home -> Finance -> News

NATIONAL
TRAI ultimatum to VSNL to provide int'l bandwidth
Telecom regulator Telecom Regulatory Authority of India (TRAI) today (March 10, 2004) virtually gave an ultimatum to Tatas-owned VSNL to provide bandwidth to ILD operators for enabling them access to landing facilities, failing which the regulator will intervene.

Sensex down by another 91.32 pts; closes at 5759.29
The benchmark index tumbled by yet another 91.32 points to close at 5759.29 on the Bombay Stock Exchange (BSE) today (March 10, 2004), pulled down by sustained heavy all-round selling and extended losses to the second straight session in the absence of any worthwhile buying support.

Petronet IPO priced at Rs 15; to raise Rs 391 cr
India's first liquefied natural gas (LNG) importer Petronet LNG Ltd will raise Rs 391 crore through the initial public offering (IPO) of 260 million equity shares, with the offer price being fixed at Rs 15 per share.

Lifesciences Alliance announces Lifesciences Symposium
The Lifesciences alliance announced "Lifesciences Symposium" to be held in Goa between April 29 to May 1, 2004.

India's GDP could touch 9 pc in FY-04: CMIE
The real gross domestic product (GDP) growth is likely to touch nine per cent in 2003-04 based on better than expected performance of the agriculture sector, according to Centre for Monitoring Indian Economy (CMIE).

INTERNATIONAL
India has no right to criticise anti-BPO move: US
While conceding that the issue of outsourcing was "complex", the United States has said India had no right to complain about proposed legislation in Congress and some State Legislatures prohibiting the trend as it was among the most "closed" economies in the world.