NATIONAL BSE: Sensex bounce back by 56 pts in volatile trade The stock market today (Apr 6, 2005) made a swift turnaround after the overnight sharp fall, bouncing back by 56 points in volatile trade as operators took up fresh positions on the back of fairly heavy Foreign Institutional Investors (FIIs) inflows.
India to witness roller-coaster growth in 3 years India is set to witness a roller- coaster growth in the next three years, ranging between 6-7 per cent, mainly due to fluctuations in prospects of industry and services sectors, according to the Asian Development Bank (ADB).
Nokia announces $ 100-150 mn facility in Chennai Finnish mobile phone maker Nokia today (Apr 6, 2005) announced the setting up of its manufacturing facility in Chennai at an investment of $ 100-150 million.
Govt to phase out Central Sales Tax by April 2007 The Government today (Apr 6, 2005) said it would phase out Central Sales Tax (CST) by April 2007, a move that may lead Bharatiya Janata Party (BJP)-ruled States to reconsider their decision of not implementing Value-Added Tax (VAT).
'Planning Comm for enhanced cooperation with FM' The Planning Commission yesterday (Apr 5, 2005) emphasised the need for enhancing cooperation with the Finance Ministry in accordance with suggestions given by Prime Minister Manmohan Singh.
Sensex up by 17 points in volatile morning trade The Sensex today (Apr 6, 2005) witnessed a smart rally in volatile trade after the overnight sharp fall, and was quoted up by 17 points at 10:30 hrs (IST) on alternate bouts of buying and selling by investors amid fairly heavy Foreign Institutional Investors (FIIs) inflows on Monday (Apr 4, 2005).
8.1 per cent growth target isn't achievable: Montek Planning Commission yesterday (Apr 5, 2005) said that the 8.1 per cent growth target for the economy would not be met during the 10 Plan period, largely due to poor showing in the agriculture sector which suffered a major slowdown since the mid-1990s.
