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Home -> Finance -> News

NATIONAL
BSE: Tired bull liquidation pushes Sensex downwards
Tired bull liquidation today (Nov 9, 2004) pushed the Sensex in negative terrain to end with a mere 0.87 points fall at 5929.60 on the stock exchange in the absence of follow-up buying support and aborted a two-session smart rally.

Indian LPG prices cheapest in subcontinent: Oil Min
Despite the steep Rs 20 per cylinder hike in LPG price announced last week, domestic cooking gas in India is still the cheapest in the subcontinent.

ESM giant Flextronics to acquire Emuzed Inc
Electronics Manufacturing Services (ESM) giant Flextronics is acquiring multimedia technology and solutions provider Emuzed Inc, which has its R&D centres in Bangalore and Chennai, in a multi-million dollar deal, a top Emuzed Inc, official said today (Nov 9, 2004).

INTERNATIONAL
Lloyds TSB to offshore 2,000-2,500 jobs to India
Lloyds TSB, a leading British Bank, plans to offshore 2,000 to 2,500 jobs to India by the end of next year.

The more we earn, the more we spend: Manmohan
Indian Prime Minister Manmohan Singh has said India was concerned that at a time when it was accepting the logic of globalisation the argument for protection was re-emerging in the West and expressed the hope that this trend would be reversed.

Manmohan assures Oil MNCs of level-playing field
Promising to usher in further tax reforms in the next Budget and to bring down tariffs in India to ASEAN (Association of South East Asian Nations) levels, Prime Minister Manmohan Singh has assured multinational corporations (MNCs) that an independent Petroleum Regulatory Authority would be set up to provide a level playing field to them in the oil sector.

Trade liberalisation to benefit S Asia's poor: WB
The poor of South Asia, including India, would be among the significant beneficiaries of wider and faster trade liberalisation in the region, a new World Bank report suggests.