NATIONAL Sensex stages late recovery; ends 36 pts higher Under the lead of bank and metals shares, the Sensex today (March 2, 2005) rallied by 35.81 points to close at 6686.89 on the stock exchange (BSE) following a late bout of heavy buying from foreign funds and local operators, overcoming hectic profit-taking midway.
Infosys seeks 300 acres in B'lore for expansion Karnataka Government is in the final stages of clearing 300 acres of land near Yelahanka in Bangalore north for expansion plans of software major Infosys, Chief Minister Dharam Singh said today (March 2, 2005).
Chennai becomes preferred destination for BPOs After being chosen by top IT firms for setting up of their development centres, Chennai is now emerging as the most preferred destination for high-end BPOs in financial services, healthcare and other back-office services for multinational companies too.
Chidambaram hints at raising cash withdrawal cap Admitting there was opposition from Congress and UPA (United Progressive Alliance) partners to the proposed tax on withdrawal of cash, Finance Minister P Chidambaram today (Mar 2, 2005) hinted at raising the limit and looking at "alternative" methods of tracking withdrawals and black money generation.
'Anomalies in Fringe Benefit Tax to be addressed' Assuring that anomalies in the Fringe Benefit Tax will be addressed, Finance Minister P Chidambaram today (Mar 2, 2005) said the Government has no intention to tax any legitimate business expenditure.
BSE: Sensex opens firm; rises further to 6697.38 The Sensex opened on a positive note and rose further smartly on fresh buying activity and was quoted 35 points higher than the last close at the opening session on the Bombay Stock Exchange (BSE) today (Mar 2, 2005).
INTERNATIONAL Suzuki to introduce new 'crossover' car in India Suzuki Motor Corp, a majority partner in auto leader Maruti, today (Mar 2, 2005) said it will introduce a new "crossover" model in India which it was developing in partnership with Italy's Fiat Auto.
Tata Motors aim to become No 1 on 'People's car' Asserting that Tata Motors was "close" to developing its ambitious Rs One lakh car, Tata Group chairman Ratan Tata today (Mar 2, 2005) expressed confidence that the
"People's car", could provide it help in becoming the number one carmaker in India.
Tata to explore investment opportunities in Pakistan Leading corporate giant Tatas, today (Mar 2, 2005) announced it would explore investment opportunities in Pakistan in areas like automobiles, hotels and software, saying a synergy between the neighbouring countries would be beneficial for the region.
