NATIONAL IA launches scheme to attract business travellers Buoyed by the response to its 'Bumper Super Saver' scheme for economy class passengers, Indian Airlines today (Feb 22, 2005) extended it to the executive class providing 16 flight coupons on the domestic sector at Rs one lakh.
'Carly Fiorina's exit not to impact HP India' Hewlett Packard today (Feb 22, 2005) said changes in the top management of the company would not have any impact on its India strategy.
"Our strategy for India will continue to be the same," Ravi Swaminathan, vice president, Personal Systems Group, HP India said after unveiling the company's latest range of notebooks.
UB bids for 25% stake in Shaw Wallace company United Breweries (UB) Ltd has bid for acquiring a 25 per cent stake in Shaw Wallace Company, in a bid to acquire management control over the Chhabria group.
nVIDIA to invest $ 100 mn in R & D in Bangalore Nasdaq listed nVIDIA Corporation, a worldwide leader in graphics and digital media processors is planning to invest $ 100 mn in R and D in Bangalore through its design centre.
Mahindra & Mahindra launches new 'Scorpio' Mahindra & Mahindra on Tuesday (Feb 22, 2005) launched its flagship vehicle 'Scorpio' with common rail diesel engine to meet the BS III auto emission norms.
Market snaps 5-day losing string, gains 55 pts Riding high on a major move towards banking reforms, the market today (Feb 22, 2005) snapped five-session long losing string and rallied smartly to end 55 points up on heavy buying support as also fairly good amount of roll-over in the futures segment.
Govt move on EPF is a step on 'road to hell': Left Veteran Left economists today (Feb 22, 2005) strongly criticized the United Progressive Alliance (UPA) Government's move to explore the options of investing money collected under Employees Provident Fund (EPF) in various avenues including the stock market.
Fitch 'doubts' India's sustained growth at 7-8% A week before the Budget, global rating agency Fitch today (Feb 22, 2005) warned that India's ability to log a sustained growth of 7-8 per cent will remain in doubt unless fiscal deficit comes down and public sector puts its financial house in order.
VAT on experimental basis for a year, says CPM : With a nationwide trade bandh observed yesterday (Feb 21, 2005) against Value added tax (VAT), the Communist Party of India-Marxist (CPM) in West Bengal said that its implementation from April 1 would be on an experimental basis for a year in the State after which it would be reviewed by the Government.
'Under-performed M'rashtra ineligible for WB aid' Union Finance Minister P Chidambaram has communicated to Shiv Sena MP Mohan Rawale that Maharashtra Government does not meet the necessary condition for accessing Special Structural Adjustment Loan (SAL) from the World Bank.
