NATIONAL Morari Bapu rules out mediating in Ambani tussle Religious preacher Morari Bapu has ruled out mediating between the Ambani brothers Mukesh and Anil on Reliance ownership issue and said he would pray for the siblings to resolve their disputes in an amicable manner.
US-based Alliance Consulting acquires Mensamind Alliance Consulting Group Associates Inc, a $ 90 million IT consulting services and software solutions provider and subsidiary of Safeguard Scientifics, Inc (NYSE: SFE), recently announced the acquisition of Mensamind, which has been renamed as Alliance India.
Kingfisher Airlines to sign deal with Airbus Ind UB Group's Kingfisher Airlines, which is scheduled to launch domestic operations from April 2005, would sign a deal with European aircraft manufacturer Airbus Industries for supply of 14 aircraft.
WTO urges India to adhere to deadline on patents WTO (World Trade Organisation) today (Dec 6, 2004) said India should adhere to the deadline of Jan 01, 2005 for introduction of a product patent regime in the country by bringing in necessary legislation to amend its Intellectual Property Rights Law.
Market once again soars to new record; ends flat The market today (Dec 6, 2004) once again, soared to new historic high of 6386.29 for the second consecutive session, before heavy profit booking drove it down to end flat despite sustained FII inflows and stability in global oil.
Aarohi plans to invest $ 20 million in India Storage area network (SAN) component provider Aarohi Communications today (Dec 6, 2004) said it would invest $ 20 million at its India development centre in Bangalore over the next few years.
It's advantage India in Telecom sector: Satyam India can build new technology that leapfrogs the legacy systems in the West in the telecom sector and leverage these systems to serve the global market, Satyam Computer Services director T R Anand said today (Dec 6, 2004).
Structural change of Exchanges bill introduced in LS A bill for structural transformation of stock exchanges from mutual organisational form to a demutualised form was introduced in the Lok Sabha today (Dec 6, 2004).
Ferrari picks TCS tech to retain pole position! Tata Consultancy Services Ltd will provide IT and engineering services to Scuderia Ferrari for development of Formula One (F1) racing car for the racing season beginning March 2005, making it the first Indian company to enter the F1 stadium in the global arena.
Five-point agenda for financial sector reforms Charting a five-point agenda for financial sector reforms, Government today (Dec 6, 2004) favoured further opening up of the external sector, including easier capital account convertibility, but stressed on financial stability of the country.
Ambani family intervenes; seeks 'ownership details' In a new twist to the ongoing tussle for control of the Rs 90,000 crore Reliance Empire, the rest of Ambani family has asked RIL (Reliance Industries Ltd) Chairman Mukesh Ambani to furnish "appropriate details" of the ownership issues, which he claimed were settled by family patriarch Dhirubhai during his lifetime.
Decision likely on enhancing interest on EPF: Govt The Government is likely to take a "favourable" decision on enhancing the interest rate on Employees Provident Fund (EPF) and the Ministries of Labour and Finance are holding discussion on how to mobilise resources for it, Lok Sabha was informed today (Dec 6, 2004).
Rupee on 8-months peak; breaches $ 44 barrier Breaching the psychological $ 44 barrier, the Rupee today
(Dec 6, 2004) spurted to 8-month peak of Rs 43.82/84 per Dollar buoyed by bunched up weekend Dollar supplies from robust foreign fund and trade inflows, amidst a sliding Dollar overseas.
ONGC to set up mega power project in Tripura The Oil and Natural Gas Corporation (ONGC) in collaboration with Infrastructure Lease and Finance Services (ILFS) will set up a 750 MW gas-based mega power project in Tripura, the biggest ever in North-east, ONGC chairman Subir Raha said.
Sensex on new high, Banking stocks in limelight The Sensex soared to new record high of 6384.63 after opening on a firm footing during morning trading on the Bombay Stock Exchange today (Dec 6, 2004) on sustained FII inflows coupled with a likely move to allow banks to directly invest in shares and finance IPO investments.
INTERNATIONAL Course on enhancing trade between Israel & India With a view to enhance trade with emerging markets like India, an Israeli institute has launched a new programme with special focus on the culture and business practices of the country.
