NATIONAL GAIL, Infy to build IT solutions for retail gas biz State-owned GAIL and Infosys on Tuesday (Feb 15, 2005) announced that they have entered into an agreement to jointly develop information technology solutions in the retail gas business.
GAIL inks pact with Bangladesh's Spectra Int'l State-run gas firm Gas Authority of India Ltd (GAIL) today (Feb 15, 2005) signed an agreement with Spectra International Ltd of Bangladesh to identify possibilities of joint cooperation in compressed natural gas infrastructure development projects and gas retailing in Bangladesh.
BSE: Sensex sheds nine points on profit booking The market today (Feb 15, 2005) ended by nine points down after a firm start as operators and retail investors continued to book profits at higher levels ahead of the Union Budget to be presented on February 28.
India, Pak firms bid for Pak's BPO training deal An Indian IT training firm and a Pakistan software firm have jointly bid for a contract with the Sindh Government in Pakistan to train about 1,000 youth in call centre skills in the neighbouring nation, officials said today (Feb 15, 2005).
TDSAT reserves order on Reliance-DoT penalty row Telecom Dispute Settlement and Appellate Tribunal (TDSAT) has reserved judgement on Reliance's appeal challenging the penalty of Rs 150 crore imposed by the Government for illegal routing of international calls as local ones.
MTNL completes first round of VRS; next round soon State-owned Mahanagar Telephone Nigam Ltd (MTNL), dogged by a flabby workforce and tremendous pressure from Unions against job cuts, has achieved a virtual feat by successfully offering Voluntary Retirement Scheme (VRS) to over 1900 employees.
IA's Bumper Super Saver - 16 tickets for Rs 65,000 In its bid to attract the growing number of air travellers in the country, Indian Airlines today (Feb 15, 2005) announced the launch of its 'Bumper Super Saver' scheme providing 16 flight coupons to anywhere on the domestic sector for Rs 65,000.
Burren Energy acquires Unocal's 26 pc stake in HOEC Burren Energy of UK has acquired US energy major, Unocal Corp's entire 26.01 per cent stake in Hindustan Oil Exploration Co Ltd (HOEC) for $ 26.01 million and has made an open offer to acquire further 20 per cent stake.
Insurance sector to sustain over 10 pc growth: Rao Insurance Regulatory and Development Authority (IRDA) today (Feb 15, 2005) projected that insurance industry would sustain a double digit growth in the coming years which would assist the economy in moving on to a higher growth path.
S&P to make voluntary conditional offer for CRISIL Global rating agency, Standard & Poor's (S&P) today (Feb 15, 2005) announced that it intends to become a majority shareholder in Credit Rating Information Services of India Limited (CRISIL) by making a voluntary conditional open offer of Rs 680 per share.
Morning trading: Sensex falls after promising start The sensex opened on a promising note and later fell back during morning trading on the Bombay Stock Exchange (BSE) today (Feb 15, 2005) on profit booking despite sustained Foreign Institutional Investors (FII) inflows.
