NATIONAL Speed up disinvestments; don't levy cess: FICCI FICCI (Federation of Indian Chambers of Commerce and Industry) today (May 25, 2004) asked the Government to accelerate the disinvestment and privatisation programme to meet increased spending on health and education and cautioned against levying of cess for expenditure on these sectors.
RBI sticks to 5% inflation despite rising Oil prices Reserve Bank of India (RBI) today (May 25, 2004) stuck to its May credit policy stance of 6.5-7 per cent economic growth and 5.0 per cent inflation during 2004-05, despite the rise in international oil prices threatening to push up domestic prices.
Subex wins $ 1.5 million order to deploy Ranger Subex Systems, a telecom software product company, today (May 25, 2004) announced that it has won a $ 1.5 million order from a Tier-1 carrier with more than 15 million subscribers, in the CALA (Central America Latin America) region, to deploy its flagship Fraud Management System, Ranger.
India's exports up over 19 per cent in April 2004 India's exports in 2004-05 started on a positive note reporting a rise of 19.95 per cent in April at $ 5010.20 million as against $ 4176.92 million during April, 2003.
Stock market recovers as 'DMK crisis' blows over In a dramatic turn, stocks bounced back and recouped their initial sharp losses as operators and retailers rushed to cover short positions in derivatives after the mid-session, following resolution of the crisis arising out of DMK (Dravida Munnetra Kazhagam) not taking charge of portfolios.
SEBI probing reasons behind stock market crash The Securities and Exchange Board of India (SEBI) today (May 25, 2004) said it was analysing data to find out the reasons behind last week's stock market crash and a report would be submitted to the new Government after the probe was completed.
Infrastructure growth doubles to 9 pc in April Buoyed by the impressive performance of cement, electricity, petroleum refinery and crude sectors, infrastructure growth doubled to nine per cent in April 2004 from 4.5 per cent a year ago.
Sensex shows signs of stability at mid-session The Sensex showed signs of stability at the 5000-level after a sharp setback in the first half of the session on the Bombay Stock Exchange (BSE) today (May 25, 2004) on heavy selling induced by nervousness over gradual withdrawal by Foreign Institutional Investors (FIIs).
New Govt to revitalise sick public sector units The new Congress-led Government today (May 25, 2004) promised to "revitalise" sick public sector units (PSUs) and strictly adhere to the roadmap laid out for disinvestment of PSUs in the Common Minimum Programme (CMP) to be unveiled this week.
BSE: Sensex turns weak due to selling pressure The Sensex opened marginally lower and later dropped sharply by over 84 points within minutes of the trading resuming on the Bombay Stock Exchange (BSE) today (May 25, 2004) due to selling pressure by investors.
INTERNATIONAL Indo-China bilateral trade zooms by 87.68 pc India-China bilateral trade surged by an impressive 87.68 per cent in the first quarter of this year at $ 3.13 billion, on track to break the $ 10 billion for the first time, official sources said.
