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Home -> Finance -> News

NATIONAL
Jet to launch roadshows; plans flight to Singapore
Jet Airways is to launch roadshows for its Initial Public Offer (IPO) later this week in the city even as the Airline is planning to introduce its international services to London and Singapore from March 27.

BSNL to consider TRAI's request on broadband
Telecom regulator on Saturday (Feb 5, 2005) again asked BSNL to open up its last mile connectivity to private operators for broadband usage and said that instead of losing the value of such a huge network, it was best to work jointly to fully leverage the potential.

Budget to have a 'good, hard look' at tax exemptions
The 2005-06 Union Budget will have a "good, hard look" at all tax exemptions barring those for housing and contain sops to spur investment in job-providing industry but there will be no amnesty scheme to unearth black money.

Govt to announce stringent norms on private banks
Under attack from Left parties over the proposed banking reform roadmap, the Government is expected to come out with stringent norms to prevent "predatory takeovers" of Indian private banks.

FIIs net buyers in equities at Rs 4,211 crore
The foreign institutional investors (FIIs) recorded net purchases of Rs 4,211 crore ($ 958 million) in equities for the trading week ended February 4 while mutual funds (MFs) were net sellers at Rs 134.43 crore.

INTERNATIONAL
'ONGC offers to buy stake in Yukos core asset'
India's Oil and Natural Gas Corporation (ONGC) has made a formal offer to pick a stake in former oil major Yukos core asset 'Yuganskneftegaz', a top Russian oil manager has said.

Air Arabia announces low cost daily trips to India
UAE's Air Arabia, the first low cost airline from the Middle East, today (Feb 6, 2005) announced it will operate daily flights to Mumbai from next month, a move, which will pose a stiff challenge to national carriers Air India and Indian Airlines.

Pakistan claims it's better place for outsourcing
Claiming that Pakistan's political environment is stable "now", Prime Minister Shaukat Aziz has said the country is a better place than India or China as an outsourcing destination for western companies.

Bilateral trade poised for quantum jump: Lord Paul
India-UK bilateral relations are poised for further consolidation and the two-way trade is expected to grow substantially, Lord Swraj Paul, NRI industrialist and Co-Chairman of the India-UK Round Table said today (Feb 6, 2005).