NATIONAL Reliance Info replies to TDSAT; justifies itself Facing a penalty of Rs 150 crore for illegal rerouting of international calls, Reliance Infocomm is understood to have submitted its reply in the appellate telecom tribunal TDSAT justifying its position.
BEL eyes export market at Aero India 2005 in B'lore Public sector Defence electronics firm Bharat Electronics Ltd (BEL) is eyeing the export market for its simulators, radars, gun upgrades and communication equipment, which it is displaying to potential customers at the Aero India air show that begins in Bangalore on Wednesday (Feb 9, 2005).
Boeing bids to sell 50 aircrafts worth $7 bn to AI US aircraft maker Boeing Corp has bid to sell 50 medium and long range aircrafts to Air India and hopes to bag one of the big orders valued between $ 6 billion to $ 7 billion, a top Boeing official said in Bangalore.
Boeing upbeat on Indian market; to revise forecast US aircraft maker Boeing Corp today (Feb 7, 2005) revised upwards the potential business for aeroplanes in India upto $ 35 billion in the next 20 years citing the high growth in passenger traffic, entry of private carriers and allowing them to fly on overseas routes.
Sensex loses early gains, falls sharply by 83 pts Heavy profit-taking today (Feb 7, 2005) ensured a correction at the Bombay Stock Exchange (BSE), bringing down the Sensex by 83.06 points to close at 6535.17, despite a positive start even as foreign funds, the market-mover, played a low profile amidst the selling.
India Inc asks Centre to up disinvestment target Ahead of Budget for 2005-06, India Inc has asked Centre to up disinvestments target to at least Rs 25,000 crore even as they and certain economists view that the proceeds of the same should go for the restructuring of PSUs and not merely to raise revenue.
'UPA ordinance to mop duty from ITC, is looting' BJP (Bharatiya Janata Party) has termed as "loot" UPA (United Progressive Alliance) Government's Ordinance to amend the past excise laws for recovering Rs 803 crore from tobacco major ITC Ltd, but Finance Ministry has justified the move saying it is "permissible under law".
Govt pegs GDP growth at 6.9 per cent in 2004-05 Lower agricultural performance in the current financial year is likely to pull the economic growth down to 6.9 per cent from 8.5 per cent in the last financial year.
BSE: Sensex opens firm but falls sharply to 6617.71 The Sensex, which started on an optimistic note, failed to maintain the trend at the opening session at the Bombay Stock Exchange (BSE) today (Feb 07, 2005) due to fresh selling pressure and was marginally lower than the previous close.
INTERNATIONAL India's economy growth could exceed China's by 2015 India's economic growth could actually exceed that of China by 2015 and the country has the potential to deliver the fastest growth over the next 50 years, Goldman Sachs, the investment bank, has estimated.
