NATIONAL Reliance Pharma Fund IPO collects over Rs 147 crore Reliance Mutual Fund has collected over Rs 147 crore through the 'Reliance Pharma Fund' IPO, an open-ended pharma sector scheme. The Reliance Pharma Fund will be available at NAV based prices from June 8, 2004.
Sensex up 49.15 points on sustained buying Notwithstanding profit-taking wiping out a major part of the early gains, the Sensex notched up yet another 49.15 points to close at 4938.15 at the Bombay Stock Exchange (BSE) today (June 7, 2004) on sustained buying by foreign funds amidst firm global advices.
Economic policy highlights of Kalam's address Following are the highlights of the economic policies of the United Progressive Alliance (UPA) Government spelt out in the customary Presidential address to the joint sitting of both Houses of Parliament after elections to the 14 Lok Sabha:-
Mercury Interactive Corp to increase sales in India American software testing product firm Mercury Interactive Corporation today (Jun 7, 2004) said that it is aiming to increase its sales to domestic software vendors with a direct presence through its Indian subsidiary.
BPOs eye youth in B-category towns for recruitment Metros are passe. Hiring companies are now targeting youth in the B-category towns to meet the skilled manpower demand in the ITeS sector, which is estimated to jump to 10 million by 2008 against the existing 70,000.
Kalam for tax reforms to achieve 7-8 pc growth Unveiling the economic agenda of the new Government, President A P J Abdul Kalam today (June 7, 2004) promised massive public investments in agriculture and industry, encouraging foreign direct investment, selective privatisation of PSUs (Public Sector Undertaking) and comprehensive tax reforms to achieve 7-8 per cent growth.
Fate of provident fund subscribers after Budget Employees Provident Fund (EPF) investors may have to wait for the Union Budget next month to know if the 9.5 per cent interest will be continued as the PF trustees are likely to meet in July.
