NATIONAL Yet another setback to Reliance; 150-cr penalty! In a setback in the midst of battle in the Group, Reliance Infocomm has been slapped a penalty of Rs 150 crore by the Telecom Department on the charge of routing incoming international calls as local ones leading to evasion of payment of levy to two telecom PSUs.
RIL Board meet on Dec 27 might have more agendas The warring Ambani brothers were holding their cards close to their chest ahead of Monday's crucial Board meeting of the flagship Reliance Industries (RIL), but indications tonight (Dec 24, 2004) were that more than the single-point agenda will be taken up.
Anil Ambani meets FM Chidambaram, no comments! Vice Chairman and Managing Director of Reliance Industry Anil Ambani, who is engaged in a bitter battle with his elder brother Mukesh, today (Dec 24, 2004) met Finance Minister P Chidambaram.
100 mn mobile users in India in next 2 yrs: Mittal India's 42 million mobile phone subscribers would swell to 100 million in next two years with the growth mainly coming from non-urban and non-metro circles, Bharti group CMD Sunil Mittal said on Friday (Dec 24, 2004).
The country will move to 100 million phones in two years and 200 million in five years", Mittal told newspersons on the sidelines of 'Pan IIT 2004' event.
Sensex jingle as it crosses 6500 on Christmas eve Led by a sharp rally in Reliance Industries (RIL), shares shot up on hectic buying by foreign funds and the Sensex zoomed to cross the psychological figure of 6500 points, before closing at a new historic high of 6498.06 points on the stock market in Mumbai today (Dec 24, 2004).
Indian refineries might not meet Euro III deadline India may miss the April 1, 2005 target of conforming to Euro-III emission norms in metro cities and Euro-II norms in the rest of the country due to inability of refiners to supply the specified category of petrol and diesel.
Sensex continues rising trend; zooms to 6500 pts The Sensex continued its rising trend and broke all previous records to touch 6500.09 points at midsession on the Bombay Stock Exchange (BSE) today (Dec 24, 2004) as share prices rallied further on sustained buying by Foreign Institutional Investors (FIIs).
BSE: Sensex again touches life time high of 6493 Attaining yet another goal, the Sensex logged all time high at 6493.65 during morning trade at the Bombay Stock Exchange (BSE) today (Dec 24, 2004) on continued buying by foreign funds.
Inflation below 7% for the first time in 5 months Continuing its fall for the third consecutive week, inflation dipped to 6.73 per cent for the week ended December 11, mainly due to cheaper vegetables and fuels, after remaining over 7 per cent since July.
Textile industry awaits new global trade regime The year gone by was spent by the Government and the textile industry in preparation and anticipation of dawning of a new global textile trade regime from January 1, 2005.
