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Home -> Finance -> News

NATIONAL
BEL inks $ 1.6 mn contract with Govt of Suriname
Defence major Bharat Electronic Limited (BEL) today (Feb 11, 2005) signed a contract with the Government of Suriname for supply of Defence communication equipment and night vision devices worth $ 1.6 million.

FDI: GoM clears Special Economic Zone legislation
In a far-reaching measure, Group of Ministers today (Feb 11, 2005) finalised the long awaited Special Economic Zone legislation, which would give a big boost to Foreign Direct Investment and job creation.

BSE: Sensex shoots up by 56 pts on fresh buying
Stocks surged to a strong finish lifting the Sensex by 56 points in fairly brisk activity on the Bombay Stock Exchange (BSE) today (Feb 11, 2005) on heavy buying support from operators as well as fresh purchases by Foreign Institutional Investors (FIIs).

Jet Airways launches its Initial Public Offering
Jet Airways (India) Ltd today (Feb 11, 2005) launched its Initial Public Offering (IPO) of 1.72 crore shares of Rs 10 each to raise upto Rs 1942.50 crore from the capital markets.

Industrial growth shoots up to 8.4 pc in April-Dec
Led by a strong performance from the manufacturing sector, industrial growth shot up to 8.4 per cent during April-December this fiscal.

Inflation falls to an eight-month low of 5.25 pc
Inflation shed another 0.12 per cent to tick to an eight month low of 5.25 per cent for the week ended January 29, despite costlier fruits and vegetables.

BSE: The sensex opens high, rises past 6600-mark
The sensex opened moderately high and rallied past 6600-mark during morning trading on the Bombay Stock Exchange (BSE) today (Feb 11, 2005) on sustained buying support ahead of the Union Budget to be presented at the month-end.