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Home -> Finance -> News

NATIONAL
Kamath gives Reliance valuation for resolving tiff
Valuation of the Reliance empire by ICICI Bank Chairman and an Ambani family friend, K V Kamath is complete, setting the stage for a possible settlement of ownership issues between the warring brothers, Mukesh and Anil.

Honda Siel plans to increase car sales in India
Honda Siel Cars India, the Indian subsidiary of Japanese carmaker Honda, today (Mar 8, 2005) said it plans to increase its car sales in the country to 42,500 units in 2005-06, up from the expected 37,000 units this fiscal.

Indiagames to host WCG mobile game competitions
Indiagames Ltd, the leading mobile entertainment developer and publisher, has signed an agreement with International Cyber Marketing (ICM), to host the World Cyber Games Competition for mobile phones.

'Malware hit to computer networks rises by 40 pc'
The number of new malware (malicious software) hitting computer networks has risen by over 40 per cent between January 21 and February 20, 2005, according to Trend Micro, an anti-virus and Internet content security software company.

BSE: Market hits new peaks; ends at 6915.09 points
Keeping the tempo of breaking records after the pragmatic budget, the Sensex today (March 8, 2005) hit new peaks, closing past 6900-mark for the first time at 6915.09, even as equities extended their rally to fifth straight session on the back of high liquidity in the market.

BSNL to issue 600,000 mobile connections in MP
Telecom major Bharat Sanchar Nigam Ltd (BSNL) will issue 600,000 new mobile connections in Madhya Pradesh by March 2006.

BSNL invites bids for call centres at zonal sites
In a bid to match its private sector rivals in better customer service, telecom Public Sector Units (PSU) Bharat Sanchar Nigam Limited (BSNL), has invited bids from companies to set up call centres at four zonal locations, including Gurgaon, for its broadband and cellular services with seat capacity upto 400 at each centre.

BSE: Sensex turns cautious during morning trading
Opening on a promising note today (Mar 8, 2005), the Sensex, which had touched a new high yesterday (Mar 7,2005), turned cautious and showed narrow movements in early trading on the Bombay Stock Exchange (BSE) on alternate bouts of small buying and selling.

Service tax net may include doctors, lawyers: FM
Union Finance Minister P Chidambaram yesterday (Mar 7, 2005) hinted at expanding the service tax net to possibly include doctors and lawyers.

INTERNATIONAL
'Companies outsourcing customer services risk loss'
Around 80 per cent of companies that outsource customer service projects to cut costs will fail by 2007 because of high staff attrition rates and many of them neglect to manage their outsourced operations, research firm Gartner has predicted.