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Home -> Finance -> News

NATIONAL
Euro-III grade fuel in 11 cities from April 1
India will begin the supplies of ultra low sulphur petrol conforming to the Euro-III vehicular emission norms in 11 major cities and Euro-II grade fuel in other parts of the country from April 1 but supply of diesel of same grades may miss the deadline, Government officials said.

Jet Airways fixes IPO price band at Rs 950-1,125
Jet Airways Ltd has fixed the price band for its book built issue for its initial public offering (IPO) between Rs 950-Rs 1,125 per share.

BSE: Sensex rebounds & ends nine pts up to 6544
The Sensex today (Feb 8, 2005) ended with a modest gain of 9.60 points to close at 6544.77 on the Bombay Stock Exchange (BSE) after a late round of heavy short-covering from operators pulled it up from early lows of 6508.33 with sentiments turning positive.

Govt view is different from that of Reliance: Maran
Government today (Feb 8, 2005) said it has a "different view" from Reliance Infocomm Ltd's (RIC) claim that it has not violated the licence agreement in the alleged rerouting of international calls.

Bharti sets off alarm; seeks refund of entry fee
Bharti Group has dragged Government to the TDSAT seeking refund of Rs 135 crore, the entry fee paid by company for acquiring basic licences, upon migrating to Unified Access Service Licence regime.

BEL begins export of Radars to Indonesia & Sudan
Public sector defence equipment major Bharat Electronics Ltd (BEL) today (Feb 8, 2005) said it has begun exports of the Battlefield Surveillance Radar (BFSR) to Indonesia and Sudan and aims to achieve total business of $ 15 million this fiscal.

No violation of license accord: Reliance Infocomm
Reliance Infocomm today (Feb 8, 2005) said, the company has not violated the license agreement in the alleged rerouting of international calls saying the usage of Home Country Direct (HCD) service by the company was fully recognised by the International Telecom Union.

UK to deliver first Hawk to India by Aero India '07
British aircraft maker BAe Systems will deliver the first "made for India" Hawk 132 Advanced Jet Trainer (AJT) to the Indian Air Force before the next Aero India air show in February 2007, officials said today (Feb 8, 2005).

Sensex resumes weak at 6528 pts in opening session
The Sensex started on a subdued note at the opening session on the Bombay Stock Exchange (BSE) today (Feb 08, 2005) due to increased selling pressure.