NATIONAL Ramesh Gelli sold GTB shares during moratorium Market regulator SEBI (Securities and Exchange Board of India) has found that promoter of the beleaguered Global Trust Bank (GTB) Ramesh Gelli and eight other entities including two FIIs (Foreign Institutional Investors) had offloaded GTB scrips even after the Centre announced moratorium on the bank.
Bangalore IT.com 2004 to commence from Nov 1 Bangalore IT.Com 2004, a summit on Information and Communications Technology (ICT) sector, themed 'Shape the future with ICMT' will be held in Bangalore from November 1-5.
Banking ops paralysed, another two-day strike on cards Over 10 lakh public sector bank employees and officers today (Aug 24, 2004) struck work in protest against the "delay" in wage revision, paralysing financial sector operations across the country and threatened to go on a two-day strike next month.
'Finance Bill to be passed without discussion' Government and the Opposition today (Aug 24, 2004) agreed on the passage of this year's General Budget and the Finance Bill without any discussion in Parliament in view of the impasse over NDA's (National Democratic Alliance) demand for removal of "tainted" Ministers.
"The Opposition has ultimately agreed to cooperate in the passage of the Financial Bill and the General Budget (2004-05) without any discussion," Parliamentary Affairs Minister Ghulam Nabi Azad told reporters in New Delhi after he had separate meetings with Lok Sabha Speaker Somnath Chatterjee and the Leader of Opposition L K Advani and other NDA leaders.
Restaurant chain 'Hooters of America' comes to India After McDonalds and Pizza Hut it is the turn of US-based restaurant chain 'Hooters of America' to open outlets in major Indian cities. Hooters is a strong and exiting brand name that has a very unique place in the industry offering a "perfect atmosphere to have fun, relax with friends and enjoy great food," Managing Director Sunil Bedi said without identifying cities where the restaurants would be opened.
Declining Oil prices, S&P rating lifts Sensex by 34 pts Buoyed by declining oil prices and the Standard & Poor's (S&P) upgradation of currency outlook on corporates and banks, investors made selective purchases aiding the Sensex to recover by 34 points at close in extremely narrow movements on the Stock Exchange in Mumbai today (Aug 24, 2004).
FM urges Oppn to allow a debate on Finance Bill Finance Minister P Chidambaram today (Aug 24, 2004) appealed to the Opposition to allow a debate on the Finance Bill before it is passed by Parliament.
Citigroup raises e-Serve offer price to Rs 975 Citigroup has raised its offer to purchase shares of e-Serve International Ltd, an IT-enabled services company, to Rs 975 per share from the earlier offer of Rs 800 per share.
INTERNATIONAL Zensar forms joint venture with Chinese software firm Indian company Zensar Technologies has formed a joint venture with a Chinese software firm in Shenzhen that will boost the latters's bid to become a major global outsourcing centre.
90% of security solutions to be outsourced by 2010 After HR, Finance and Accounting and supply chain Management, large corporations and Government agencies are turning to outside contractors for security.
