NATIONAL CRISIL not to review RIL's ratings 'at this juncture' Amid ongoing tussle between Ambani brothers on control of Reliance Group, rating agency CRISIL today (Dec 16, 2004) said no rating action was warranted against Reliance Industries, REL and IPCL, at this juncture but would review if there is any material impact on the business due to ownership and governance related issues.
ADB reviews governance & anti-corruption policies The Asian Development Bank (ADB) is holding discussions with donors today (Dec 16, 2004) to review the extent of improvement achieved in India's institutional environment through implementation of governance and anti-corruption policies and to identify priorities to make Asia poverty-free.
Sonata signs outsourcing services deal with TUI UK City-based IT service Sonata Software Ltd today (Dec 16, 2004) said it has bagged a multi-year outsourcing services contract from UK tourism house TUI UK.
Reliance seeks to give bank guarantee to BSNL Reliance Infocomm, which has been ordered to pay up entire amount demanded by BSNL (Bharat Sanchar Nigam Ltd) on account of alleged 'revenue evasion' due to re-routing of international calls as local ones, today (Dec 16, 2004) pleaded before the Supreme Court that it be allowed to give a bank guarantee for the outstanding money instead of cash.
Govt agrees to restore 9.5 pc EPF interest rate Government has agreed to restore the EPF (Employees Provident Fund) interest rate to 9.5 per cent from the present interim 8.5 per cent for this fiscal before the next budget, CPI (Communist Party of India) MP Gurudas Dasgupta claimed today (Dec 16, 2004).
Market climbs to new lifetime peaks in low volume The market today (Dec 16, 2004) once again climbed to new lifetime closing peaks of 6420.38 in low volume, driven by unabated FII inflows into the booming bourses.
RBI hints at stringent liquidity control measures Reserve Bank of India (RBI) Governor Y V Reddy today (Dec 16, 2004) said the bank would use all its instruments to manage liquidity in the system following increased FII inflow.
FM Chidambaram asks the Railways to cut costs Finance Minister P Chidambaram today (Dec 16, 2004) asked Indian Railway Accounts Service personnel to improve competence by cutting costs and make Railways a vibrant and financially strong organisation.
'Bangalore BPO firms shy away from study on staff' BPO firms in Bangalore are shy to take part in a study to understand on how working in call centres and data processing units has affected the lives of their employees, a top BPO firm official said today (Dec 16, 2004).
Govt watching oil prices to tame inflation: FM Government is monitoring the movement of global crude oil prices and appropriate steps would be taken at the right time on its domestic pricing.
'Number of IT professionals to treble in Bengal' The number of IT professionals in West Bengal would almost treble by next year in view of the expansion in the IT and ITes sectors in the State, West Bengal Information and Technology Minister Manab Mukherjee said today (Dec 16, 2004).
SC directs listing of Reliance Infocomm application The Supreme Court today (Dec 16, 2204) directed listing of Reliance Infocomm's application on January 3, 2005 seeking payment of differential amount of Rs 84.7 crore to Bharat Sanchar Nigam Ltd through a bank guarantee.
Rupee strengthen further against USD in early trade The Rupee continued to strengthen against the US currency early today (Dec 16, 2004), on the back of sustained heavy foreign fund inflows and trade remittances amidst lingering weak Dollar overseas.
Sensex touches a new intra-trade high yet again The Sensex opened steady and later touched a new intra-trade high of 6412.25 in an otherwise erratic movements during morning trading on the Stock Exchange in Mumbai today (Dec 16, 2004) on alternate bouts of buying and selling.
Bengal making it big; Lloyds Bank plans BPO centre Lloyds Bank of London was interested in setting up a Business Process Outsourcing (BPO) set up in Kolkata with the investment scenario in the State looking up, West Bengal Chief Minister Buddhadev Bhattacharjee said on Wednesday (Dec 15, 2004).
Govt decides not to reduce petrol, diesel prices The Government yesterday (Dec 15, 2004) decided not to reduce petrol and diesel prices in line with the fall in international oil prices, apparently to switch over from the current practise of fortnightly price revision to a quarterly one.
INTERNATIONAL Sheer opulence for the super rich: 6-star hotels For the super rich who feel five star luxuries are too less, hoteliers in United States are rolling out a new class of six-star hotels. The new genre of hotels will offer special amenities like personal butlers and private swimming pools.
