NATIONAL REL to bid for stake in 5 Distribution Cos in UP After announcing to set up a 3,500 MW power plant in Uttar Pradesh, Reliance Energy Ltd (REL) has decided to participate in international competitive bidding for a majority stake in the State owned five power distribution companies (Discoms).
Hyundai raises price; Maruti & Skoda to follow suit India's second-biggest carmaker Hyundai Motor India Ltd today (Dec 1, 2004) raised prices of its two models while market leader Maruti and Czech car firm Skoda announced plans to follow suit next month to meet the rise in input costs and new emission norms.
Bell in race for Army's plan to buy 200 helicopters American helicopter firm Bell Helicopters is in the race for the Indian Army's plan to buy 200 helicopters for deployment in the high altitude areas in the Himalayas, a top official of the company said today (Dec 1, 2004).
Mukesh was informed about Anil's investment plans Contrary to reports, Reliance Energy headed by Anil Ambani had informed the parent company Reliance Industries last financial year about the Rs 14,000 crore investment plans including the new generation projects and had got a go-ahead along with the financial backing.
BPO firm Sutherland inks pact with Israeli firm A leading Indian outsourcing company, Sutherland has signed a deal with Israeli company to use its Voice-over-Internet Protocol (VoIP) contact centre solution at its call centres in Mumbai and Chennai.
'Allow BPO Cos to share telecom infrastructure' Industry chamber Assocham (Associated Chambers of Commerce and Industry) on Thursday (Nov 25, 2004) asked the Government to permit players in business process outsourcing (BPO) industry to share infrastructure for domestic and international operations.
Encore aims to sell 50,000 Simputers in 12 months Encore Software, the firm, which helped design the Simputer, today (Dec 1, 2004) said it aims to sell over 50,000 units of the low cost hand held device in the next 12 months.
Sensex jumps to historic peak, ends losing six pts The Sensex created history today (Dec 1, 2004), soaring to life-time high of 6272.68 during early trade before it succumbed to heavy profit booking to close the day six points down in highly volatile activity.
K'taka upbeat on revenues; may cross Rs 10,000 cr Karnataka was on the threshold of witnessing buoyancy in tax growth with revenues expected to cross Rs 10,000 crore mark, a whopping increase by Rs 2,000 crore during 2004-05 fiscal, Deputy Chief Minister and Finance Minister Siddaramaiah said today (Dec 1, 2004).
UK auto firm Carclo shifting unit to Bangalore British auto component firm Carclo Plc is shifting its cable manufacturing unit from England to India through a joint venture it announced today (Dec 1,2004) with Bangalore-based cable producer Suprajit Engineering for exporting to its customers in Europe.
SEBI on trail: BSE to move 362 scrips to "T" Group Following a review of market trends with SEBI (Securities and Exchange Board of India), Bombay Stock Exchange (BSE) will shift 362 stocks including Birla Kennametal, Ind-Swift Labs, Kinetic Engineering to "T" group from December 6, to safeguard investor's interest.
As a part of surveillance review and pursuant to a meeting with SEBI, 362 stocks would be shifted to T group. They would be settled on Trade-to-Trade basis to ensure market safety, BSE said in a notice to the broking members today (Dec 1, 2004).
Govt's efforts on liberalisation encouraging: UK Entry-level obstacles came in the way of stepping up British investments in India but efforts of UPA (United Progressive Alliance) Government to further liberalise FDI (Foreign Direct Investment) regime, particularly in telecom, insurance and civil aviation sectors were encouraging, British High Commissioner Michael Arthur has said.
Reliance announces series of investment plans for WB Reliance group Chairman and Managing Director Mukesh D Ambani today (Dec 1, 2004) announced a series of investment plans for West Bengal including a solution development and service centre over the next three years.
'Britain does not consider outsourcing a threat' Britain does not consider outsourcing a threat, nor is it surprised that a lot of outsourcing services are being routed to India, British High Commissioner Michael Arthur said in New Delhi.
Infosys wins the prestigious Global MAKE award Infosys Technologies has won the prestigious Global MAKE (Most Admired Knowledge Enterprises) award, for the year 2004. Infosys won the award for the second time in a row, and remains the only Indian company to have ever been named a Global Most Admired Knowledge Enterprise. It may be recalled that Infosys won the award for the first time in 2003.
Sensex opens past the 'historic' high of 6249.69 The Sensex today (Dec 1, 2004) opened past the historic high of 6249.60 and continued its rally towards 6300-mark during morning trading on the Stock Exchange in Mumbai, driven by sustained purchases by Foreign Institutional Investors (FIIs).
INTERNATIONAL Tata Motors to launch Indica in China very soon India's largest automotive manufacturer, Tata Motors Limited today (Dec 1, 2004) said that it will launch its 1400cc 'Indica' family car in China "very soon" and was closely evaluating the best options to penetrate into the world's fastest growing auto market.
