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Home -> Finance -> News

NATIONAL
India is a success story in Mobile telephony: GSA
India is expected to have 100 million GSM (global system for mobile communications) customers by 2007-08 compared to 26 million subscribers as on March 2004, according to the Global Mobile Suppliers Association (GSA).

RIL's sectoral fund IPO collection over Rs 415 crore
Reliance Mutual Fund has collected over Rs 415 crore through the 'Reliance Diversified Power Sector Fund' IPO, an open-ended power sector scheme, which is the largest collection made by any sectoral fund in the recent times.

Infosys, Satyam, Zee help Sensex to finish strong
Led by new economy stocks, select heavyweighted counters surged up to a strong finish aiding the Sensex to end fractionally higher in an otherwise erratic movement at the Bombay Stock Exchange (BSE) today (Apr 20, 2004) on buying support alternated by profit booking by public investors.

Inflation to be less than 5 pc in FY05: Lahiri
Finance Ministry expects inflation to be less than 5.0 per cent in this fiscal after it was restricted at an average of 5.5 per cent during 2003-04.

INTERNATIONAL
India gives reverse aid to US: World Bank experts
With accumulated foreign exchange reserves at their disposal, developing countries, mainly India, China, Russia, Brazil and Mexico are giving invaluable reverse aid to the US, though it is not counted as aid and not meant as such, World Bank officials have said.