NATIONAL 'VSNL violates WTO norms by restricting FEA access' Tata group owned Videsh Sanchar Nigam Ltd (VSNL) has been accused of restricting access on Reliance group owned FLAG Europe Asia (FEA) cable, which is in direct violation of WTO's General Agreement on Trade in Services (GATS), according to CompTel/Ascent.
No bubble building up in bourses, says Chidambaram Finance Minister P Chidambaram today (Dec 22, 2004) said he did not apprehend built up of any bubble in stock markets but said Government was keeping a close watch on the Sensex which has crossed the record 6400 mark.
HTMT to set up a new BPO centre in Mauritius Hinduja TMT (HTMT), as part of its hybrid growth strategy, and in keeping with its global delivery model, will set up a BPO centre in Mauritius.
L&T to acquire 50 % stake in Valdel Engineers Larsen and Toubro Limited has entered into an agreement to acquire a 50 per cent stake in the carved out upstream engineering business related to oil and gas production and exploration of Bangalore-based Valdel Engineers and Constructors Private Limited.
Infrastructure sector growth dips to 5 pc in Nov Infrastructure sector growth fell by 1 per cent to 5 per cent in November 2004 as compared to the year-ago period, mainly due to the slowdown in growth of petroleum refining, electricity generation and production of finished steel.
BSE: Sensex eases after touching historic high After achieving another milestone on the Stock Exchange during the morning trading today (Dec 22, 2004) when the Sensex hit a historic high of 6480.20 at nearly 11.15 AM, it reacted down at midsession on emergence of profit-selling by cautious operators.
M L Bhakta withdraws resignation from RIL board M L Bhakta, a founder Director of the Reliance Industries (RIL), is believed to have withdrawn his resignation as Director, ahead of the crucial Board meeting of the flagship company, in a move seen as a boost to Mukesh Ambani involved in a bitter battle with younger brother Anil.
India for partnership with Malaysian oil firm India today (Dec 22, 2004) sought to forge closer partnership with Malaysia, inviting its national oil firm Petronas to join Indian Oil Corp in developing one of the phases of gigantic South Pars gas field in Iran and an LNG import terminal at Ennore in Tamil Nadu.
PSUs become darling of UPA Government in 2004 The coming to power of the Congress-led United Progressive Alliance (UPA) at the Centre has brought about a major turnaround in the Government's policy on public sector undertakings (PSUs).
BSE: Sensex zooms to new historic high of 6471 The Sensex touched new historic high of 6471.77 immediately after resumption of trading during the morning session on the Bombay Stock Exchange (BSE) today (Dec 22, 2004), as operators continued buying spree on the back of positive advices from Wall Street despite moderate selling by foreign funds on Monday.
BPO firm WNS Global to focus on four verticals Business process outsourcing (BPO) firm WNS Global Services is to focus on four industry verticals - Airline, Travel & Hospitality (ALH), Insurance, Healthcare, and professional and information services - to fuel business growth.
