NATIONAL Snag in inter-depository system delays payout: SEBI A technical snag in the inter-depository mechanism has hit the pay-out (settlement) schedule for the stock market transactions executed on December 27.
Private airlines allowed to fly intl destinations Breaking new grounds, Government today (Dec 29, 2004) decided to allow private carriers to fly to all international destinations, barring the Gulf and Saudi Arabia, "expand" the network of Indian Airlines (IA) abroad and synergise its operations with Air India (AI).
Sensex ends at new peak after piercing the 6600-mark The Sensex today (Dec 29, 2004) ended at yet another peak of 6567.94 at the stock exchange even as heavy profit-taking pared sharp gains after the index pierced through the crucial 6600-barrier and hit all time highs of 6617.15 in early trade.
IRDA permits Life Insurers to outsource investment Ceding to the demands of private life insurers, Insurance Regulatory and Development Authority (IRDA) has allowed them to outsource some of the investment functions including custodial services and calculation of Net Asset Value (NAV) of unit-linked products (ULIP).
Chidambaram's budget could be radically different Finance Minister P Chidambaram may present a radically different Budget in February 2005 that will give a thrust to "massive tax reforms" to make the structure "simple and stable" and raise the tax to growth ratio.
BSE bullish: Sensex hits 6600 in morning trading The BSE (Bombay Stock Exchange) Sensex today (Dec 29, 2004) breached the 6600-mark minutes after resumption of trade and touched a peak of 6610 before mild profit-taking pushed it down to a low of 6590.
