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Home -> Finance -> News

NATIONAL
Virgin to start flights to Mumbai from March 28
Richard Branson's Virgin Atlantic Airways (VAA) is to launch its London-Mumbai-London service, the second destination after Delhi, with three Airbus A340 flights a week from March 28.

VAT panel firm on deadline; UP, Rajasthan reluctant
As the majority of States prepare themselves to the switch over to Value Added Tax (VAT) regime from next month, Uttar Pradesh, Rajasthan, Madhya Pradesh and Jharkhand are still reluctant to join the league.

'Western investors keen on investing in Indian cos'
Western investors are keen on investing in the shares of growing Indian companies, a senior official of London Stock Exchange (LSE) said today (March 10, 2005) while inviting more domestic firms to raise capital from the world's premier bourse.

BSE: Sensex recovers smartly; ends 15 pts up
Led by banking shares, prices today (March 10, 2005) rallied on BSE stock exchange, pushing up the Sensex by 15 points to end at 6907.65 on renewed buying activity even as investors booked profit at every rise, as the post budget dream-run picked up steam after an overnight pause.

Pinnacle announces availability of Deko 1000HD
Pinnacle Systems Inc (NASDAQ: PCLE), a leader in digital video solutions, today (March 10, 2005) announced the availability of Pinnacle Deko 1000HD - a cost-effective, broadcast quality solution for high definition (HD) real-time graphics creation and playback. Deko 1000HD is designed for a wide range of live-to-air applications ranging from sports events to MOS-enabled newscasts. Deko 1000HD provides a straightforward path for video professionals who need to add HD production capabilities but do not require the advanced features of Pinnacle's flagship Deko 3000HD system.

Basic thrust on self-reliance and progress: PM
Prime Minister Manmohan Singh today (March 10, 2005) said while changes have been made in the country's economic policies, the basic thrust continues to be on self- reliance with high growth rate, removal of unemployment and controlled inflation as the goals.

'New look' Air Sahara to launch I'ntl Ops soon
Air Sahara today (March 10, 2005) announced it would launch its international operations between April and July and change its colour to orange, white, green and blue from tomorrow (March 11, 2005).

Discipline drive against Tele Cos; notice to Tatas
Continuing its drive to discipline private telecom players, Government has asked Tatas to show cause as to why their licence not be cancelled for violating the licence conditions while offering its Push-to-Talk (PTT) services.

HC stays MTNL disconnection notice to Reliance
In a relief to Reliance Infocomm, Delhi High Court today (Mar 10, 2005) stayed the disconnection notice of State-owned Mahanagar Telephone Nigam Ltd (MTNL) over the issue of non-payment of levy due to illegal routing of international calls.

LIC still on top with 90 pc insurance market share
Life Insurance Corporation (LIC) still commands 90 per cent of the insurance market despite the rush of private insurance companies in the country, LIC Chairman R N Bhardwaj said yesterday (Mar 9, 2005).

BSE: Sensex starts weak, recovers to 6892.71 pts
The Sensex today (Mar 10, 2005) opened with overnight weakness, but soon found good support at low level and recovered moderately to 6892.71 points at the opening session on the Bombay Stock Exchange (BSE).

INTERNATIONAL
DaimlerChrysler India to treble sales in 5 years
Luxury carmaker DaimlerChrysler expects sales in India to almost treble to over 5,000 units by 2010, demand spurred by the healthy economic growth and other positive factors.