NATIONAL Market overcomes resistance, Sensex up by 102 pts The market overcame initial strong resistance and flared up by 102 points up in an extremely low volume at the Bombay Stock Exchange (BSE) today (July 9, 2004) on heavy purchases by Foreign Institutional Investors (FIIs) as well as Indian Financial Institutions.
Mphasis posts net profit of 35 crore for Q1 IT services and BPO (Business Process Outsourcing) firm Mphasis BFL today (Jul 9, 2004) reported a 81 per cent jump in net profits at Rs 35.38 crore for the first quarter ending June 2004, aided by foreign exchange gains and deferred income tax credit.
Montek pats FM for 'hard decisions' in Budget Planning Commission Deputy Chairman Montek Singh Ahluwalia today (July 9, 2004) supported the "hard decisions" in the Budget on expenditure control and taxation to cut fiscal deficit.
Inflation crosses 6 pc, highest so far this fiscal Inflation crossed six per cent, the highest so far in this fiscal, during the week ended June 26 mainly due to price rise in fuels such as petrol and manufactured items, including edible oils.
INTERNATIONAL 'India moving towards becoming global eco power' Industry captains, prominent NRIs and leading economists from all over the world today (July 9, 2004) emphasized at a business summit in Singapore that India was moving towards becoming a global economic power and significant level of foreign investment was the most efficient way to achieve this objective.
