NATIONAL 'Dabhol panel looks to settle foreign lenders dues' The Empowered Group of Ministers looking into the Dabhol power project fiasco is charting out a strategy to settle the dues of foreign lenders who have filed a claim worth $ 291 million last week.
Broadband services in India @ Rs 500 from Jan 15 Public sector telecom giants BSNL (Bharat Sanchar Nigam Ltd) and MTNL (Mahanagar Telecom Nigam Ltd) will launch their broadband services throughout the country on January 15, 2005 at Rs 500 per month.
Reliance Growth Fund declares 25 per cent dividend Reliance Mutual Fund has declared a dividend of 25 per cent in the Reliance Growth Fund - Dividend Plan (Rs. 2.50 per unit on the face value of Rs. 10 per unit). The 'Record Date' has been fixed as December 24, 2004. All unit holders of Reliance Growth Fund - Dividend Plan as on the record date will be eligible to receive the dividend declared.
Market snaps 4-day winning streak, dips by 74 pts The market snapped the four-session winning streak and today (Dec 17, 2004) fell back sharply by 74 points at close despite continued FII inflows, albeit selective and a 0.28 per cent fall in inflation number.
Reliance Infocomm launches unlimited airtime plan Reliance Infocomm today (Dec 17, 2004) launched a new scheme for its fixed wireless phone subscribers that offer unlimited airtime for calls to Reliance's phones across the country.
Finance panel for more grants, debt relief to States The 12th Finance Commission on sharing of taxes between the Centre and States for 2005-10 today (Dec 17, 2004) submitted its report to President A P J Abdul Kalam, with its chairman C Rangarajan asserting that all the contentious issues of States have been addressed.
Stock market turns volatile after steady start The market opened steady and later turned volatile, moving in a range of about 25 points, during morning trading on the Bombay Stock Exchange today (Dec 17, 2004) on alternate bouts of buying and selling.
Defence major BEL gets top software design rating Defence major Bharat Electronics Limited's (BEL) software technology centre in Bangalore has received the top software design rating - the Software Engineering Institute's (SEI) Capability Maturity Model (CMM) Level 4 rating.
Ramco Systems in tie-up with SigmaSoft Consulting With the aim of increasing its focus on the small and medium business (SMB) segment in India, Ramco Systems, a global enterprise solutions and services provider, on Thursday (Dec 16, 2004) said that it has partnered with Sigmasoft Consulting.
Yahoo, HP to launch operations in Chennai soon Internet major Yahoo and Hewlett Packard are in the process of setting up their development centres in Chennai and will soon launch their operations, IT Secretary of Tamil Nadu, Vivek Harinarain said in Chennai on Thursday (Dec 16, 2004).
TWS Holdings sells Hyderabad unit to Brigade Corp TWS Holdings has sold its Hyderabad facility to Brigade Corporation for an undisclosed sum, and is planning to consolidate its operations in Greater Mumbai area.
INTERNATIONAL Indo-China trade crosses record $10 billion mark India-China bilateral trade has set a new record by crossing the $10 billion mark for the first time during which India has also emerged among the top 10 Asian trading partners of the Communist giant.
BPO helping US create investments worth $30 bn Up to 15 per cent of IT jobs required by US-based companies will be performed in India by 2010, helping the US economy to create investments worth $30 billion per year, according to a new study.
