NATIONAL EPFO recovery touches all time high of Rs 5000 cr Brushing aside allegations EPFO was shielding defaulters, Government today (Dec 14, 2004) said the recovery had jumped more than six-fold to Rs 5000.53 crore during 1999-2000 to 2003-04 and promised to come out with an action plan soon to further tone up the organisation.
RIL wins three National Energy Conservation awards Reliance Industries Limited's (RIL) plants at Hazira and Jamnagar have won the National Energy Conservation Awards 2004 claiming the first position in Petrochemicals Sector and Refinery Sector respectively, while RIL Patalganga was awarded a special award in the Petrochemicals Sector. Prime Minister Dr Manmohan Singh presented the awards in New Delhi today (Dec 14, 2004).
Wipro inks multi-million dollar deal with TUI UK Wipro Technologies, the global IT services division of Wipro Limited, today (Dec 14, 2004) announced that it has been awarded a five-year, multi-million dollar contract for infrastructure support and management by TUI UK.
Indirect tax collections up 11.73% at Rs 1,02,553 cr Indirect tax collections grew by 11.73 per cent to Rs 1,02,553 crore during the first eight months of 2004-05 mainly on the strength of robust service tax mop-up.
BSE: Market up by 57 pts on strong economic outlook Driven by a bright overall economic outlook with a six per cent plus GDP growth for 2004-05 and heavy FII inflows, the market today (Dec 14, 2004) ended 57 points higher extending its gains for the second consecutive day.
Fuel price revision now monthly or quarterly: Govt Petroleum Minister Mani Shankar Aiyar today (Dec 14, 2004) hinted that the system of fortnightly revision of petrol and diesel prices is likely to be replaced with monthly or quarterly revisions.
Various airlines owe Rs 75,701 lakh to AAI: Patel Various airlines owe a huge sum of Rs 75,701 lakh to Airports Authority of India till September 2004, Minister of State of Civil Aviation Praful Patel informed the Rajya Sabha today (Dec 14, 2004).
Reinvestment in high interest SDS unlikely: FM Government today (Dec 14, 2004) told the Rajya Sabha that it was unlikely to restore investment of interest on Special Deposit Scheme back into the scheme even as a senior CPM (Communist Party Marxist) member warned that Left parties cannot be taken for granted on the matter.
Wipro, YES Bank sign 7-yr tech outsourcing contract Wipro Infotech, the domestic IT service arm of Wipro, today (Dec 14, 2004) signed a seven-year deal with private sector YES Bank to outsource the technology requirements for the bank, which aims to grow to 400 branches during the period.
SEBI asks Stock exchanges to watch RIL activities Market regulator SEBI (Security and Exchange Board of India) yesterday (Dec 13, 2004) asked the stock exchanges to look into the listing agreement provisions of Reliance Group companies for corporate governance and monitor the trading pattern in all the listed companies of the Reliance empire witnessing a tussle between Ambani brothers, Mukesh and Anil, for ownership control.
Stock market upbeat on mid-year review, FII inflows Reacting positively to the bright overall economic outlook and sustained FII (Foreign Institutional Investors) inflows, the Sensex today (Dec 14, 2004) opened firm and rallied past 6300-mark during morning trading at the Bombay Stock Exchange (BSE).
HCL Corp asked to cough up Rs 100 cr in 3 months The Income Tax Appellate Tribunal (ITAT) has asked HCL Corporation to pay Rs 100 crore in the next three months and thereafter Rs 15 crore every month pending the final outcome of the case of alleged evasion of tax on which a Rs 805 crore demand has been made on the company.
