NATIONAL Market has ignored developments in Reliance: SEBI Securities and Exchange Board of India (SEBI) today (Jan 6, 2005) said market has ignored the events in the country's largest industrial house Reliance, which is witnessing a bitter war between the two brothers Mukesh and Anil Ambani.
Govt clears 27 FDI proposals worth Rs 581.11 crore Government today (Jan 6, 2005) cleared 27 Foreign Direct Investment (FDI) proposals worth Rs 581.11 crore, including that of Daimler Chrysler, Mitsubishi Motors, Merck, Bank of America, Standard Chartered Bank and ING.
No cause for worry over stock market crash: SEBI Market regulator SEBI (Securities and Exchange Board of India) said today (Jan 6, 2005) there was no cause for worry over yesterday's (Jan 5, 2005) stock market slip.
BSE: Market dips by 91 pts in roller coaster ride The market went on a roller-coaster ride after the overnight mayhem on bourses, fluctuating in wide ranges before ending the day down by a whopping 91 points driven lower by sustained profit selling.
Air Deccan to buy 30 new, 6 old ATR aircrafts Air Deccan would buy 30 new ATR72-500 aircraft from Avions de Transport Regionale, a France-based aircraft manufacturer, ATR said today (Jan 6, 2005).
UK retail chain Tesco to hire over 550 in B'lore British retail chain Tesco today (Jan 6, 2005) said it plans to reach a headcount of 770 people including 400 software professionals at its Hindustan service centre in Bangalore by December this year.
Tsunami not to retard nation's economic growth: RBI Reserve Bank of India (RBI) today (Jan 6, 2005) said the December 26 tsunami will not have a much impact on the economic growth and prices but there may be reduction in exports to the tune of $ 200 million in the current financial year.
ISD, STD rates to fall; inflow to BSNL unchanged Tariffs of STD and ISD calls will come down with the Telecom Regulatory Authority of India (TRAI) today (Jan 6, 2005) reducing the Access Deficit Charge, a levy paid by private operators to BSNL (Bharat Sanchar Nigam Ltd).
Bharti Telecom to cut tariff from February 1 Telecom player Bharti today (Jan 6, 2005) said it would pass on the full benefits of the cut in Access Deficit Charge to its subscribers from February 1, when the new regime comes into effect.
Gulf Oil reserves to last 100 years: UAE Minister Oil reserves of the Persian Gulf countries would last nearly a century at current production level, United Arab Emirates Minister of Energy Mohammed Bin Dhaen Al Hamli said today (Jan 6, 2005).
Market stages smart recovery during mid-session Market staged a smart recovery today (Jan 6, 2005) from the early lows in extremely volatile activity and was down by about 25 points at the midsession as domestic institutions made fairly good purchases in key counters.
'Media spreading baseless canards against Reliance' For the last several weeks, electronic and print media has been used by undisclosed and unnamed sources to spread totally baseless canards against the company and its Chairman, Mukesh Ambani. This malicious campaign is designed to tarnish the image of the company and its leadership.
Iran suggests formation of Asian Bank for Energy Iran today (Jan 6, 2005) suggested establishment of an Asian Bank for Energy Development for financing energy projects in Asia and said price of energy supplies from Asian producers to consumers in the region should be lower than that of other producers.
TRAI lowers ADC on pvt operators; tariffs may fall Telecom tariffs are likely to fall as the TRAI today (Jan 6, 2005) substantially lowered Access Deficit Charge, a levy paid by private operators to BSNL for rural operations.
Chidambaram allays traders' fears on service tax Finance Minister P Chidambaram today (Jan 6, 2005) sought to allay fears expressed by traders, who have threatened to go on nationwide strike opposing the service tax, by saying the tax is imposed on goods transport agencies.
FM for major financial sector reforms for GDP growth Favouring financial sector reforms to foster high 8 per cent growth, the Government said today (Jan 6, 2005) it would shortly set up a regulator for pension sector and announce the roadmap for banking reforms, which includes allowing 74 per cent FDI in private banks.
Sensex starts off on a weak note; down by 68 pts The market today (Jan 6, 2005) started off on a weak note and later moved downwards showing a loss of 67.89 points at 10.30 hrs (IST) in volatile activity due to continued selling pressure from investors.
India calls for Asian oil market, long term supply India today (Jan 6, 2005) called for developing an Asian oil market and putting in place longer supply contracts to provide stability and security of supplies to major consuming countries.
