NATIONAL India eyes acquisition of more oil fields in Russia India, whose biggest ever investment abroad in the gigantic Sakhalin-I oil field of Russia begins production from 2006, is eyeing acquisition of more oil fields in the former Communist nation, Petroleum Minister Mani Shankar Aiyar said today (Oct 26, 2004).
Chidambaram has a new name for it 'petro-flation' Finance Minister P Chidambaram today (Oct 26, 2004) coined a new word "petro-flation" to describe the unusual rise in inflation fuelled by surge in global oil prices.
BSNL imposes fine of Rs 2 cr on Reliance Infocomm Ltd Bharat Sanchar Nigam Limited (BSNL) has imposed a fine of Rs 2 crore on Reliance Infocomm Ltd, citing breach of contract regarding termination of international calls.
IT firm Sonata Software posts Rs 3.96 cr net profit IT services firm Sonata Software today (Oct 26, 2004) posted a net profit of Rs 3.96 crore for the second quarter ended September, a jump of 49 per cent over Rs 2.66 crore posted during the same period last year.
Centurion Bank to raise tier-II capital of Rs 50 cr The private sector Centurion Bank is planning to raise a tier-II capital of Rs 50 crore, and also open 14 new branches, its Managing Director Shailendra Bhandari said today (Oct 26, 2004).
Market discounts RBI's low growth forecast; up 70 pts Overcoming a brief resistance during mid-session, the market today (Oct 26, 2004) bounced back and ended up by 70 points on fairly heavy buying support from operators and retailers even as the Central bank kept interest rates untouched at six per cent while raising the Repo rate.
US based 'SureWest' deploys Jataayu Software Jataayu Software, a leading vendor of mobile infrastructure software solutions, today (Oct 26, 2004) announced that US-based SureWest Communications Roseville has chosen Jataayu's wireless Internet and messaging solutions.
O&M launches B2B practice, gets SAP & 24/7 as clients Advertising major Ogilvy and Mather (O&M) today (Oct 26, 2004) said it has launched a specialist B2B practice - Ogilvy Business network, aimed at helping organisations target business customers for their products and services.
RBI policy will maintain investment momentum: FM Hailing RBI's (Reserve Bank of India) monetary and credit policy, Finance Minister P Chidambaram today (Oct 26, 2004) said it will not hamper growth and the investment momentum will continue despite pressure on price level.
O&M launches B2B practice, gets SAP & 24/7 as clients Advertising major Ogilvy and Mather (O&M) today (Oct 26, 2004) said it has launched a specialist B2B practice - Ogilvy Business network, aimed at helping organisations target business customers for their products and services.
RBI raises inflation estimates by 1.5 per cent Reserve Bank of India (RBI) today (Oct 26, 2004) sharply raised inflation estimates for the current fiscal by 1.5 per cent to 6.5 per cent on account of burgeoning international commodity prices, particularly crude oil.
RBI scales down economic growth estimates to 6-6.5 pc With international commodity prices remaining high and a deficient monsoon, Reserve Bank of India (RBI) today (Oct 26, 2004) scaled down its economic growth forecast for the current fiscal to 6-6.5 per cent from the earlier estimates of 6.5-7 per cent and said the estimated agricultural growth of three per cent would not materialise due to lower Kharif output.
RBI keeps bank rate untouched at six per cent The Reserve Bank of India (RBI) today (Oct 26, 2004) kept the bank rate untouched at six per cent but raised the Repo rate by 0.25 per cent to 4.75 per cent effective from tomorrow.
India's crude oil imports up by 12.5 pc in Sep India's crude oil imports rose by 12.5 per cent to 8.45 million tonnes in September this year as against 7.51 million tonnes imported in the same month a year ago, according to the latest data released by the Petroleum Ministry in New Delhi.
INTERNATIONAL 24 Indian Cos in 'Forbes-best under a billion' list Leading IT companies i-Flex Software and Satyam Computers have made their way to 'Forbes Global list of 100 'best under a billion' companies in Asia Pacific.
