NATIONAL After CBI, SFIO looks into Reliance Infocomm Reliance Infocomm's troubles may not be over despite paying up Rs 150 crore penalty today (Mar 7, 2005) on re-routing of international calls as the CBI as well as the Serious Fraud Investigation Office (SFIO) have begun probing certain actions of the country's biggest private telecom company.
Sensex breaches 6900 level; ends at 6878.98 pts Breaching the 6900-mark for the first time, the BSE Sensex today (March 7, 2005) hit highs of 6902.49 in a flurry of activity mainly from FIIs even as profit-taking pared gains to post yet another record closing peak of 6878.98, a gain of 29.50, as the dream-run continued.
Aiyar expects crude oil prices to decline shortly Petroleum Minister Mani Shankar Aiyar today (Mar 7, 2005) hoped that international crude oil prices will ease in the near future and said that India was in a comfortable position to sustain prices at around $ 50 a barrel.
Reliance pays Rs 150 crore penalty to Government Reliance Infocomm today (Mar 7, 2005) paid Rs 150 crore penalty to Government following dismissal of its petition by Telecom Dispute Settlement and Appellate Tribunal (TDSAT) on illegal routing of international calls.
SC approves agreement between UB, Chabbria group The Supreme Court today (Mar 7, 2005) put its seal of approval on the agreement between Vijay Mallya's UB group and the Chabbria group on the acquisition of liquor group, Herbertson Ltd.
Sensex starts firm, hits a historic high of 6891.27 The Sensex started sharply higher and continued to scale new highs and hit yet another historic high of 6891.27 during the opening session on the Bombay Stock Exchange (BSE) on sustained heavy buying activity.
INTERNATIONAL India has great advantage in IT offshoring: Premji Despite challenges from China, the Philippines and Eastern Europe, India still has an overwhelming advantage in IT off shoring, according to Wipro chairman Azim Premji.
