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Home -> Finance -> News

NATIONAL
SEBI clears Initial Public Offer of Jet Airways
The Securities and Exchange Board of India (SEBI) has cleared the Initial Public Offer of Jet Airways.

National e-governance plan to transform India!
The Centre has drawn a national e-governance action plan covering all the three tiers of the Government with the objective of 'turning the power of Indian information technology inwards' and transforming the country into one of the most competitive nations globally, Union Minister for Communication and IT, Dayanidhi Maran said on Thursday (Feb 3, 2005).

FDI flow to be 15 billion dollars this year: Govt
Foreign Direct Investment (FDI) flow into India will treble to $ 15 billion in 2004-05 as against a mere $ 5.6 billion in the previous year.

BSE: Sensex zooms by 89 pts crosses 6600 pt mark
After a brief two-day pause, equities once again turned strong and lifted the Sensex by 89 points at close on the Bombay Stock Exchange (BSE) today (Feb 3, 2005) on sustained FII inflows coupled with fresh purchases by domestic funds.

PM to inaugurate Infosys training centre in Mysore
Prime Minister Manmohan Singh will inaugurate the corporate training centre of software major Infosys Technologies in Mysore on February 12, the company said today (Feb 3, 2005).

SlashSupport to give tech support to Linux users
SlashSupport, a Chennai-based tech support firm today (Feb 3, 2004) said it would provide paid support services for open source Linux customers in the country including corporates and home users.

US Embassy lowers consular exchange rate by Rs 2
The US Embassy today (Feb 03, 2005) announced a reduction in the consular exchange rate by Rs 2 from Rs 46 to a Dollar from February 14, bringing down Rupee denominated costs of applying for visas, passports and other consular services.

FM not for EPFO investment in postal deposits
The Finance Ministry is believed to be against EPFO (Employees Provident Fund Organisation) investing in high interest yielding postal deposits and has asked the provident fund organisation to mobilise own resources to meet the shortfall of over Rs 900 crore for paying one per cent additional interest to 4 crore EPF (Employees Provident Fund) subscribers.

ICICI nominees get berth on Federal Bank's board
The Company Law Board (CLB), Chennai, today (Feb 03, 2005) asked Federal Bank to take into account ICICI Bank's voting for its entire stake in the Kerala bank at the AGM held on September 27, virtually allowing the Mumbai bank's two nominees a berth into Federal Bank's board.

India to have 10 lakh IT jobs by 2005 year end
India's information technology industry is estimated to cross Rs 1 lakh crore (Rs 1 trillion) in 2004-05 and employ over 10 lakh (1 million) knowledge professionals, according to National Association for Software and Service Companies.

BSE: Sensex rallies by 59 pts in morning trading
Overcoming yesterday's (Feb 02, 2005) depressed sentiment, the Sensex resumed strong today (Feb 03, 2005) on the Bombay Stock Exchange (BSE) on emergence of heavy buying activity.