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Home -> Finance -> News

NATIONAL
Govt announces Rs 1000 cr statewide area networking
The Government today (Oct 20, 2004) announced a Rs 1000 crore plan for connecting all State Government offices down to the block level through a fibre optic network for facilitating communication.

Gold and silver glitter amidst festival shopping
Both the precious metals, silver and gold, regained strength in the bullion market today (Oct 20, 2004) on revival of buying by stockists to meet the ongoing festival demand and recovered almost all the previous day's losses.

BSE: Disappointing Q2 results drag Sensex by 65 pts
The overnight price rally proved short-lived as domestic investors resorted to across-the-board sell-off today (Oct 20, 2004), dragging the Sensex by 65 points at close, in reaction to disappointing performance by select corporate coupled with weak trend in Asian markets.

Biocon to launch recombinant human insulin in Nov
Biotech major Biocon would launch its own branded recombinant human insulin formation - Insugen -- next month, a company official said today (Oct 20, 2004).

IA to get Rs 124 cr grant to clear Vayudoot's arrears
National carrier Indian Airlines is to get a grant of Rs 124 crore to clear the liabilities of Vayudoot Ltd on a one-time settlement basis.

BPO: Capgemini launches operations in Bangalore
Capgemini a leading global provider of consulting, technology and outsourcing services, today (Oct 20, 2004) announced the formal launch of its operations in Bangalore, the second centre in India after Mumbai.

Biocon reports net profit of Rs 105 cr for half-year
Biotech major Biocon today (Oct 20, 2004) reported its net profit at Rs 105 crore for the half-year ended September 30, a 75 per cent jump from Rs 60 crore posted during the corresponding period of last fiscal.