NATIONAL Market regulator must take close look at RIL: CPM CPM (Communist Party Marxist) today (Dec 10, 2004) said market regulator should take a "close look" at Reliance Industries due to the sharp differences between the two Ambani brothers, as most of its market capitalisation worth over Rs 1 lakh crore belonged to the small investors.
Designated court for SEBI prosecution cases in Delhi The Delhi High Court has set up a designated court for dealing with Securities and Exchange Board (SEBI) prosecution cases even as a proposal for setting up such a court in Mumbai is pending before the Maharashtra Government.
Microsoft launches Mobile2Market in Bangalore Microsoft Corporation India Pvt Ltd today (Dec 10, 2004) launched Mobile2Market, a comprehensive certification and marketing program aimed at the Indian developer and Independent Software Vendor community.
TRAI orders 'must provide' clause in broadcasting Going all out for unlimited sharing of content on a non-discriminatory basis, broadcast regulator today (Dec 10, 2004) released interconnection regulations, recommending a "must provide" clause among broadcasting and cable service providers.
Ambani spat triggers retreat; Sensex down 71 pts Led by RIL and REL, the market beat a hasty retreat and ended sharply down by 71 points on a fresh onslaught of selling, triggered by widespread speculation that differences over "ownership issues" between the Ambani brothers have reached a flashpoint.
The BSE Benchmark 30-share Index, which spurted to the day's high of 6336.90 within minutes of the resumption of trading, later turned weak and gradually moved downwards to the intra-day low of 6221.40 before ending the day at 6233.54 as against yesterday's (Dec 9, 2004) close of 6304.27, a net fall of 70.73 points or 1.12 per cent.
US-based Synfora Inc sets up R&D centre in B'lore US-based Synfora Inc today "(Dec 10, 2004) announced the setting of an R & D centre in Bangalore to take advantage of local talent and software skills in product development.
Fall in vegetable prices pulls inflation to 7.3% A sharp 12 per cent fall in the prices of vegetables could pull down inflation only marginally to 7.3 per cent for the week ended November 27 as manufactured products became bit costlier due to higher prices of diesel that forms the bulk of transportation costs.
FM vows stern action against market manipulators Government would take strictest possible action against market manipulators and those who tried to deliberately engineer market panic, Finance Minister P Chidambaram told the Lok Sabha today (Dec 10, 2004).
Sensex falls below 6300-mark after firm beginning The Sensex dropped below 6300-mark after initial firmness and later moved narrowly in lacklustre activity during morning trading at the Bombay Stock Exchange (BSE) today (Dec 10, 2004) due to fresh selling pressure.
