NATIONAL Bharti Cellular under intelligence agency's scrutiny Bharti Cellular came under intelligence agency's scrutiny when they unearthed five cases where foreign nationals had obtained mobile connections from the private operator without furnishing local address and proper identification, Lok Sabha was informed on Wednesday (Dec 15, 2004).
Anil Ambani calls for RIL Board of Directors' meet Escalating tensions with his elder brother Mukesh Ambani in the battle over the Reliance empire, Anil has sought a meeting of the Board of Directors of Reliance Industries Limited (RIL) to discuss the "recent developments" including its investment of Rs 12,000 crore Reliance Infocomm group of companies.
MCA not to volunteer action on Reliance Group The Ministry of Company Affairs said today (Dec 15, 2004) it will not take suo motu cognisance of the alleged flouting of corporate governance norms by the Reliance group.
TRAI queries RIL subsidiary on restrictive practices Telecom Regulatory Authority of India (TRAI) has questioned FLAG Telecom, a Reliance group entity, for its higher pricing, commercial terms and conditions, that were restricting the growth of Indian Information Technology-enabled Service (ITeS) companies.
Dhirubhai obviated the need for a Will: Mukesh Affirming that whatever his mother Kokilaben considers 'fair' in resolving the ownership issue in the Reliance empire was acceptable to him, Mukesh Ambani, Chairman of Reliance Industries (RIL), said today (Dec 15, 2004) that the "architecture" of the group's ownership obviated the necessity of a Will.
Market breaks all records, ends at all-time high The market today (Dec 15, 2004) surpassed previous intra-trade peak and even ended at a new all-time high of 6402.29, boosted by consistent and heavy FII inflows as well as sound economic fundamentals and robust corporate growth.
Govt planning new initiatives in banking sector: FM Government is contemplating new initiatives to bring substantive changes in the banking sector and public sector banks are seriously evaluating consolidation as one of the strategies to increase competitiveness, Finance Minister P Chidambaram informed the Lok Sabha today (Dec 15, 2004).
Cognizant chooses IBM's Rational Software IBM today (Dec 15, 2004) announced that Cognizant Technology Solutions, a leading provider of information technology services, has chosen IBM Rational Software to further strengthen its software development capabilities.
Sensex at new lifetime intra-trade peak at noon The Sensex today (Dec 15, 2004) surpassed 6400-mark for the first time in the history of the Stock Exchange, in Mumbai (BSE) during trading at noon, in a strong stocks rally right from the beginning of the session.
Polaris' BPO arm launches product for credit cards Optimus, the wholly owned business process outsourcing (BPO) subsidiary of Polaris Software Lab, on Tuesday (Dec 14, 2004) launched 'Optimum T', a comprehensive business infrastructure solutions to support the credit card market.
Rupee weakens against the Dollar in early trade The Rupee weakened against the US currency early today (Dec 15, 2004), on renewed Dollar demand from corporates and importers even as sentiments remained positive for a fresh rebound following the overnight rise in American interest rates.
Sensex opens high, rises to near historic peak Continuing its upward march, the Sensex opened moderately higher and rose to a near historic peak of 6386.29 during morning trading on the Stock Exchange in Mumbai (BSE) today (Dec 15, 2004) on sustained buying support from investors.
