NATIONAL Reliance Info: HC rejects BSNL plea on jurisdiction Rejecting BSNL's (Bharat Sanchar Nigam Ltd) plea to first decide the question of sole authority of TDSAT, the Delhi High Court today (Feb 10, 2005) agreed to hear the appeal filed by Reliance Infocomm challenging the demand of Rs 254 crore from it by the State-run telecom firm on interconnectivity charges.
'India needs 61 yrs to match current US economy' Despite being "star performer" in terms of economic growth, India will take at least another 34 years to achieve the GDP level of the United States in 1950s, a senior World Bank (WB) economist said in Chennai today (Feb 10, 2005).
SBI Caps to evaluate HAL's plan to invest in Russia India's State-run aircraft maker Hindustan Aeronautics Ltd (HAL) has appointed SBI (State Bank of India) Capital, as financial consultant to evaluate the viability of investing in a Russian-led consortium to manufacture a family of regional jets for the global market.
Air Deccan signs $ 600 mn deal for craft engines India's first budget airline Air Deccan today (Feb 10, 2005) said it has signed a $ 600 million deal to buy engines from British Rolls Royce-led consortium to power the 32 A320 passenger jets it acquired from Airbus Industries.
BSE: Sensex turns weak; ends 16 points lower The Sensex today (Feb 10, 2005) turned weak and dropped by 15.70 points to close at 6577.83 at the Bombay Stock Exchange (BSE) following profit booking at higher levels and key blue chip counters displayed fresh losses in mostly low key activity in the run-up to the budget.
Aim to capture 15 pc of global IT business: Kalam Exhorting Indian Infotech Industry to think big, President A P J Abdul Kalam today (Feb 10, 2005) said the Indian Information, Communications and Technology (ICT) sector should aim to capture 15 per cent of the global IT business by 2009, up from NASSCOM's (National Association of Software and Service Companies) target to garner 3.5 per cent in the next four years.
LogicaCMG to increase its headcount to 1000 IT services company LogicaCMG, today (Feb 10, 2005) announced that it would recruit over 1,000 staff in India in 2005, to support its growth plans for its offshore and South Asia operations.
No files missing from Reliance group records: RoC None of the files pertaining to the Reliance group is missing, the Registrar of Companies (RoC) has reported to the Union Government, thereby refuting one of the allegations floated against the group chairman Mukesh Ambani, currently involved in a bitter wrangle with younger brother Anil.
IAF plans to buy 40 LCA's for Rs 4,000 crore soon The Indian Air Force (IAF) will soon sign a contract to buy 20 Tejas, the homegrown light combat aircraft, with an option to buy another twenty more at a total cost of Rs 4,000 crore, Chief of Air Staff, Air Chief Marshal S P Tyagi said today (Feb 10, 2005).
Moody, India Inc caution Govt on fiscal deficit Today (Feb 10, 2005) proposing radical fiscal reform in the budget, global rating agency Moody's Investor Services and India Inc have warned that 10 per cent economic growth rate will not be attained without reining in the fiscal deficit.
BSE: Sensex opens firm, turns easy to 6570 points The Sensex started firm, but soon turned weak at the opening session on Bombay Stock Exchange (BSE) today (Feb 10, 2005) due to fall in large number key counters on fresh profit booking at higher level.
