NATIONAL Govt to hike FDI cap in insurance to 49 per cent Government intends to hike the FDI cap in insurance from 26 to 49 per cent and work out a policy to allow foreign investment in retail, Finance Minister P Chidambaram said today (Apr 5, 2005).
Planning Commission meets under PM to discuss MTA Prime Minister Manmohan Singh today (Apr 5, 2005) chaired the meeting of the full Planning Commission to discuss the Mid-Term Appraisal (MTA) of Tenth Plan.
BSE: Sensex tumbles by 54 points; ends at 6550.29 Pulled down by banking and auto shares, the Sensex today (Apr 5, 2005) fell by 54 points to close at 6550.29 on the Bombay Stock Exchange due to hectic selling by retail investors and operators and negligible FII activity.
Finance Minister Chidambaram to visit Saudi Arabia Economic cooperation mainly in IT, energy and related fields is likely to dominate the agenda of Finance Minister P Chidambaram's visit to Saudi Arabia next week to attend the Indo-Saudi Joint Commission meeting in Riyadh on April 12 and 13.
New Patents law comes into force with Prez's assent The new Patents law, which was passed by Parliament in the third week of March, came into force today (Apr 5, 2005) with President A P J Abdul Kalam giving his assent.
India seeks Germany's aid to resolve issues with EU India today (Apr 5, 2005) asked Germany to act as a bridge in resolving contentious issues like non-tariff trade barriers between New Delhi and EU (European Union).
M S Manchanda takes over charge as CMD of ITDC In yet another change at the top, M S Manchanda, a hotel industry veteran, today (Apr 5, 2005) took charge as Chairman and Managing Director of State-owned India Tourism Development Corporation (ITDC) in place of senior IAS officer Rajeev Talwar.
Pepsi, HLL join hands in India to launch ice tea Pepsi and Hindustan Lever Limited (HLL) joined hands in India to launch ice tea, a segment that's expected to grow into five to ten per cent of the Rs 6,000 crore carbonated soft drinks market.
Sensex meets fresh selling; declines to 6597.35 pts The Sensex started on a better note, but soon met with fresh selling and declined at the opening session on the Bombay Stock Exchange (BSE) today (Apr 5, 2005).
Nilekani to address the prestigious 'Fortune Forum' Nandan Nilekani, chief executive officer of IT major Infosys Technologies will be among the world's most prominent business leaders who will address the prestigious 'Fortune 2005 Global Forum' to be held in Beijing from May 16-18.
Aiyar rules out any rise in petrol prices for now Petroleum Minister Mani Shankar Aiyar yesterday (Apr 4, 2005) ruled out any immediate hike in prices of petrol and diesel though the prices of crude oil had increased in the international market.
INTERNATIONAL CyberMedia, Dice together launch special job board Targeting the expanding IT recruitment sector, speciality media house CyberMedia and US-based leading online recruitment company for technology, Dice Inc, have launched a speciality job board CyberMedia Dice.
