NATIONAL Finance Minister promises to keep prices down Promising to keep prices down ahead of the festival season, Government today (Sep 17, 2004) said it would ensure adequate supply of essential commodities and take more fiscal and monetary steps to contain inflation which has significantly fallen by 0.5 per cent to 7.81 per cent.
Sensex surges by 83 points as inflation falls Coinciding with a marked fall in inflation rate, stocks today (Sep 17, 2004) rallied sharply aiding the sensex to take a leap of 83 points to end the session at four-month high at 5561.15 on heavy purchases by Foreign Institutional Investors (FIIs) and fresh buying support from operators.
Govt approves GTB merger with State-owned OBC Government today (Sep 17, 204) formally approved the merger of troubled private sector Global Trust Bank (GTB) with State-owned Oriental Bank of Commerce (OBC).
MediBic Alliance invests in Strand Genomics Strand Genomics, a Bangalore-based Life Sciences Informatics company today (Sep 16, 2004) announced that MediBic Alliance, the investment arm of MediBic of Japan, has taken a minority equity stake in Strand.
Inflation drops below 8 pc due to vegetable price fall In line with Government's expectations, inflation, which rose for the previous two weeks, fell below 8 per cent for the week ended September four mainly due to fall in the prices of vegetables and some edible oils.
INTERNATIONAL India's R&D outsourcing in IT to cross $8 bn by 2010 The research and development outsourcing market for information technology in India to grow from $1.3 billion in 2003 to over $8 billion by 2010.
