NATIONAL RIC denies political links in share distribution In the face of reports alleging political links in distribution of its shares amid the ongoing war between the Ambani brothers, Reliance Infocomm, headed by elder brother Mukesh, said today (Feb14, 2005) that it had nothing to do with former Communication Minister Pramod Mahajan in sale of its equity at Rs One a share to some private companies in Delhi.
Shriram Group to raise Rs 100 cr from ChrysCapital Chennai-based non-banking finance company Shriram Group will raise Rs 105 crore from Uno Investments, a subsidiary of private equity fund ChrysCapital, to fund its fast growing truck finance business operations.
Jataayu launches code for smart phones and PDAs Jataayu Software (P) Ltd, today (Feb 14, 2005) announced launch of its JSync DM client, an open standards based SyncML mobile client for feature phones, Smartphones and other popular PDA platforms.
BSE: Sensex ends at all-time high of 6679.33 pts The Sensex today (Feb 14, 2005) soared past the 6700-mark and hit historic-peaks of 6719.20 during early deals at the Bombay Stock Exchange (BSE), buoyed by hectic FII buying even as heavy profit-taking wiped out a major part of the gains, still projecting a fresh all-time closing high of of 6679.33 with a whopping 45.57 points rise.
Home loan rates to drop, if EPF enters mortgage mart In what could bring down home loan rates, the Employees Provident Fund board is toying with the idea of investing in mortgage-backed securities (MBS) as part of its multi-pronged strategy to raise returns on its assets.
Union Budget may retain sops on housing, insurance The Budget for 2005-06 is unlikely to toe the Kelkar panel's line of doing away with tax incentives on long term savings and housing, but Finance Minister P Chidambaram will have a "hard look" at all other sops in a bid to widen tax base.
Mphasis acquires Princeton Consulting for £ 7.73 mn Mphasis BFL Group today (Feb 14, 2005) said it would acquire London-based consulting company Princeton Consultings in an all cash deal for 7.73 million Pound Sterlings.
'DoT may snip TRAI proposal on entry licence fee' The Department of Telecom (DoT) is unlikely to accept Telecom Regulatory Authority of India's (TRAI) proposal on entry licence fee and revenue share reduction under Unified Licensing proposal because it feels the proposal would create a non-level playing field between the existing and new players.
Sensex zooms to cross all time high of 6700 points The Sensex zoomed to cross an all-time high of 6700 points level within the first five minutes of trading during the morning session on the Bombay Stock Exchange in Mumbai today (Feb 14, 2005) on persistent heavy buying by Foreign Institutional Investors (FIIs).
Infosys wins brand name case against Chennai firm In a relief to Infosys, the Delhi High Court has restrained an IT placement firm from using the brand name of the IT major for carrying out its activities.
