NATIONAL Trade bodies call nationwide strike against VAT With just three days left for States to switch over to Value Added Tax (VAT), a leading traders body has called for nationwide strike from tomorrow to protest against the new tax regime.
BSNL demands Rs 1840 crore from MTNL Bharat Sanchar Nigam Ltd (BSNL) has raised a demand of Rs 1,840 crore from Mahanagar Telephone Nigam Ltd (MTNL) towards network charges since 2000-01, a move, which could put tremendous pressure on MTNL's financial position.
Market snaps losing streak, recovers by 68 pts The stock markets snapped four-day losing streak and today (Mar 28, 2005) bounced back by 68 points to end at 6510.74 on the back of a pull-back rally prompted by heavy purchases by domestic mutual funds.
Cognizant Tech announces Rs 115 cr expansion plan Nasdaq-listed Cognizant Technology Solutions today (March 28, 2005) announced Rs 115 crore investment in Chennai for setting up a training academy and two software development blocks, which can accommodate 3,500 employees.
Sensex zooms by 105 points higher at midsession The Sensex continued to rally at the midsession today (March 28, 2005) at the stock exchange, Mumbai (BSE) on persistent heavy buying activity and was 105 points higher than the previous close.
New IIT centre for Kerala soon says Oommen Chandy The Centre has agreed to consider the Kerala Government's request for establishing an Indian Institute of Technology (IIT) centre in the State, Chief Minister, Oommen Chandy told the Assembly on Monday (March 28, 2005).
Explaining the steps taken for the establishment of an IIT and a technical university in Thiruvananthapuram, he said the project report for IIT and a technical university would be ready soon.
SC stays proceedings in Reliance Infocomm case The Supreme Court today (March 28, 2005) stayed proceedings before the Delhi High Court on a petition filed by Reliance Infocomm challenging BSNL's (Bharat Sanchar Nigam Ltd) decision to impose a penalty of Rs 182.7 crores for alleged rerouting of international calls as local ones.
BSE: Sensex recovers; rises to touch 6506.34 pts After a series of falls, the Sensex opened on an optimistic note at the Bombay Stock Exchange today (March 28, 2005) on fresh bouts of buying at low levels and rose to touch 6506.34 on increased support.
INTERNATIONAL LIC to set up joint venture firm in Saudi Arabia Life Insurance Corporation (LIC) of India, its foreign arm LIC International and the New India Assurance Co will join hands for setting up a joint venture company in Saudi Arabia to offer life and non-life insurance products to NRIs and other residents in the Kingdom.
