NATIONAL Anil Ambani seeks amendments in A&A to empower RIL In a game of one upmanship, the Anil Ambani-headed Reliance Energy Limited today (Dec 21, 2004) sought amendments in its Articles of Associations to empower parent company Reliance Industries headed by his elder brother Mukesh to nominate Chairman and Vice Chairman of the power company.
Sensex shoots up to all-time closing of 6451.30 pts Unabated foreign fund inflows today (Dec 21, 2004) drove the Sensex to close at an all-time high of 6451.30 at the stock exchange in Mumbai, belying the anticipated concerns over a slowdown in FII remittances ahead of the year-end.
Airbus upbeat on India; revises aircraft market European aircraft maker Airbus Industries today (Dec 21, 2004) termed India as the potential of becoming the second largest aircraft market in Asia after China and doubled its earlier projections of aircraft requirement by the country to 400 by 2019.
BEML presents Rs 4.5 cr dividend cheque to Centre The public sector Bharat Earth Movers Limited (BEML), under Ministry of Defence, has presented a dividend cheque for Rs 4.5 crore to the Centre against its 61 per cent shareholding in the company.
RIL signs EUR 116.2 financing deal with Deutsche Reliance Industries Ltd. (RIL) and Deutsche Bank AG signed a EUR 116.2 million financing which will be used to refinance the import of equipment for the expansion of Reliance's Polyester facilities at Hazira and Patalganga.
Birla Sun Life Insurance sets target at Rs 800 cr Birla Sun Life Insurance (BSLI), has targeted to achieve over Rs 800 crore premium business during the current financial year, its CEO Nani Javeri said today (Dec 21, 2004).
Airtel mulling to expand customer base to 1.25 mn Mobile service provider Airtel, is contemplating to expand its customer base to 1.25 million during the current financial year, Rohit Malhotra, vice-president (Sales and Marketing), Bharathi Cellular Limited (BCL), Karnataka, said today (Dec 21, 2004).
42% of mortgage industry leaders favour outsourcing Forty-two percent of the respondents to a survey of mortgage industry leaders said they are likely to outsource at least some services within the next two years, according to a study released today (Dec 21, 2004) by Ocwen Financial Corporation (NYSE: OCN).
The Ocwen-sponsored study, titled 'Business Process Outsourcing: What Mortgage Industry Leaders Really Think', was conducted by an independent survey firm that asked mortgage industry leaders whether they were likely to outsource over the next two years; what they think are the motivating factors for outsourcing; and what they think are the key benefits to outsourcing.
Mid-session: Sensex up and soaring, touches 6459 Both the indices, Sensex and Nifty shot up to their all-time highs of 6459.70 and 2041.05 points respectively by mid-session at the Bombay Stock Exchange today (Dec 21, 2004) as share prices zoomed up on heavy buying by Foreign Institutional Investors (FIIs).
'Waiting list for LPG to be wiped out by month-end' The entire waiting list for LPG connection will be wiped out by month-end, Petroleum Minister Mani Shankar Aiyar assured the Rajya Sabha today (Dec 21, 2004).
Govt cannot bail out depositors who lose money: FM Finance Minister P Chidambaram today (Dec 21, 2004) told the Rajya Sabha that it would not be fair to expect the Government to bail out depositors who lose their money in NBFCs, urban cooperative banks or any financial institution.
Baazee CEO's arrest too drastic: Narayana Murthy Terming the arrest of Baazee.com CEO Avnish Bajaj in the MMS scandal by Delhi police as "too drastic", Infosys chairman and chief mentor N R Narayana Murthy today (Dec 21, 2004) said there was a need for framing proper laws for electronic auctions.
India one of the largest consumer of gold 2004 Gold has never ceased to fascinate the Indian psyche as demand for the metal has been on the rise in the country, making it one of the largest consumers in the year 2004.
Sensex touches all-time high during morning trading The Sensex touched all-time high during morning trading on the Bombay Stock Exchange (BSE) today (Dec 21, 2004) in line with fresh rally in blue-chip counters on sustained buying by foreign funds.
INTERNATIONAL ONGC Videsh firmly denies buying Yukos core asset ONGC Videsh - the foreign arm of Oil and Natural Gas Corporation - has categorically denied it's involvement in the embattled Yukos oil major auction last Sunday (Dec 19, 2004) even as the experts and media remain clueless about an obscure company which walked off with the deal.
