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Home -> Finance -> News

NATIONAL
Bharti offers broadband @ Rs 500/month for 256 kbps
Bharti Televentures Ltd (BTL) on Wednesday (Jan 19, 2005) announced the second phase of expansion with the launch of its broadband and fixed services from Noida in Uttar Pradesh, under which it will offer broadband services at Rs 500 a month for 256 kbps.

Anil seeks separate report on Jain's links in IPCL
On the eve of the Board meeting of Reliance group company IPCL (Indian Petrochemicals Corporation Limited), Anil Ambani has stepped up pressure against Anand Jain, a close associate of his elder brother Mukesh, by demanding an 'independent' report on Jain's business dealings with the company.

Market sheds 19 pts despite positive FII activity
The Market today (Jan 19, 2005) shed 19 points in another volatile trading session of alternate bouts of buying and selling despite positive FII activity and announcements of encouraging quarterly results by some major corporate houses.

Wipro in Annual Offshore 100 ranks of top suppliers
Wipro Technologies, the global IT services division of Wipro Limited, announced today (Jan 19, 2005) that it has been named to the annual offshore 100 ranking of top global suppliers by managing offshore and offshore outsourcing advisory expert neoIT.

Intel hopes to sell 3-lakh notebook PCs in India
Global chipmaker Intel today (Jan 19, 2005) said it estimates that sales of notebook computers in India will exceed to over three lakh units in 2005 with its "centrino" mobile chip being the market driver.

REL creates vacancies in Board; Onus to fill on RIL
Keeping up the heat on Mukesh Ambani headed-RIL (Reliance Infocomm Ltd), Reliance Energy Ltd (REL), controlled by younger brother Anil Ambani, today (Jan 19, 2005) accepted the resignations of two directors Amitabh Jhunjhunwala and J Ramachandran, creating vacancies in a bid to force the parent company RIL appoint the new nominees.

Four REL board members withdraw their resignations
The board of directors of Reliance Energy Ltd today (Jan 19, 2005) asked four out of six whole time Directors to withdraw their resignations.

Jhunjunwalla, Ramachandran resign from REL Board
Amitabh Jhunjunwalla, a nominee of Reliance Industries Ltd on the board of Reliance Energy Ltd, has resigned from the board.

REL net up 155 pc in Q3, interim dividend offered
Reliance Energy Ltd has reported a 155 per cent rise in net profit at Rs 135 crore for the third quarter ending December 31, 2004 as against Rs 53 crore in the corresponding period of previous fiscal.

Left and UPA Govt discuss banking sector reforms
Left parties and UPA (United Progressive Alliance) Government today exchanged views on major economic issues including banking sector reforms with the former insisting on consolidation on rural credit and protection of jobs.

Reliance Energy board meeting begins on Q3 results
The board of Reliance Energy Ltd today (Jan 19, 2005) began its meeting in Mumbai to consider the financial performance for the third quarter ended December 31, 2004.

BSE: Sensex opens firm on renewed buying support
The sensex once again opened on a firm note and later fluctuated in a narrow range of about 30 points during morning trading on the Bombay Stock Exchange (BSE) today (Jan 19, 2005) on renewed buying support.

INTERNATIONAL
CBC Technologies: The new service to promote BPOs
The Commonwealth Business Council (CBC) has launched a new service - CBC Technologies - to advise and facilitate offshore outsourcing services in technology and Business Process Outsourcing (BPO).