NATIONAL Market overcomes early resistance, ends 57 pts up Overcoming early resistance, the market rallied sharply and ended up by 57 points driven by fairly good purchases by institutional investors as well as squaring up business by operators.
High fiscal deficit - a constraint on India's rating International rating agency Fitch today (Jan 25, 2005) said that the change (upgrade) in India's sovereign rating is constrained by the high level of fiscal deficit and its review will be done after the Union Government presents its budget for 2005-06 in February.
Budget carrier Air One to launch services from May Budget carrier Air One plans to launch its services from May to link cities on India's western coast and is positioning itself as a "clear differentiator" in the low cost airline market.
Govt clears 30 FDI proposals worth Rs 305 crore Government today (Jan 25, 2005) approved 30 Foreign Direct Investment (FDI) proposals amounting to Rs 305.29 crore, including the proposal of Japanese firm Kansai Paints Co Ltd to acquire stake in Mumbai-based GoodLass Nerolac Paints Ltd for Rs 104.27 crore.
Govt to sell equity in BHEL, Maruti next fiscal The Government has decided to sell 10 per cent equity in Bharat Heavy Electricals Ltd (BHEL) and 7.5 per cent shares in Maruti Udyog Ltd in the next fiscal to raise close to Rs 2,500 crore.
SEBI to discuss recent trends in Stocks tomorrow The board of the capital market regulator SEBI (Security and Exchange Board of India) will meet in Delhi tomorrow (Jan 26, 2005) to consider among other issues the recent trends in the stock market.
Sensex overcomes initial weakness, is steady now The sensex overcame the initial weakness and was quoted in positive territory at 10:30 hrs (IST) on the Bombay Stock Exchange (BSE) today (Jan 25, 2005) on squaring up by operators due to approaching end of January contract in derivatives.
INTERNATIONAL Air India start negotiations for external financing Air India is negotiating with banks to help finance the acquisition of 50 new long-range aircraft with deliveries to start next year, Civil Aviation Secretary Ajay Prasad said in Singapore today (Jan 25, 2005).
Special division in China to woo Indian IT giants China has set up a special division to woo Indian software majors, especially the four giants - TCS, Infosys, Wipro and Satyam - to help them expand their operations in the country, a senior official said today (Jan 25, 2005).
Mittal Steel seeks $3.2 bn to be largest steelmaker Ahead of becoming the world's largest steelmaker, Mittal Steel yesterday (Jan 24, 2005) said that it has mandated a group of banks to arrange a $ 3.2 billion credit facility, mainly to fund its proposed merger with International Steel Group Inc.
