NATIONAL 'Anil's allegations are baseless and malicious' Reliance Infocomm, headed by Mukesh Ambani, today (Apr 7, 2005) termed as "baseless and malicious" the allegation of phone tapping made by RIL vice-chairman Anil Ambani.
Anil asks Govt to probe phone tapping by officials Rajya Sabha MP and Reliance vice chairman Anil Ambani has sought a Government probe into tapping of his phones by "unscrupulous individuals" working for Reliance Infocomm, headed by his elder brother Mukesh, even as the camps of two brothers are negotiating a settlement to resolve the ownership dispute.
Govt approves Reliance's $ 2.49 bn investment plan Government has approved Reliance Industries' $ 2.49 billion investment plan to develop its huge gas find in Krishna Godavari basin, off the east coast. Reliance Industries will produce 40 million standard cubic meter per day of gas from the Dhirubhai-1 and Dhirubhai-3 fields from end 2007 or early 2008, said Vinod K Sibal, director general Hydrocarbons, the Government's upstream nodal agency.
Motorola to invest $ 17 mn; hire 500 in India Telecom equipment maker Motorola plans to invest $ 17 million and hire nearly 500 people at its India R&D centre in Bangalore every year, officials said today (Apr 07, 2005).
BSE: Sensex retreats by 61 pts; ends at 6545.64 The overnight rally was short-lived and after early signs of upsurge, stocks today (Apr 7, 2005) beat a hasty retreat pushing the Sensex down by 61 points due to late selling pressure from operators and retail investors amid continued FII inflows, albeit in small value.
BSE: Sensex up by 19.95 pts; Bank stocks move up The Sensex today (Apr 7, 2005) opened on a firm note and later surged up further on the back of a smart rally in bank stocks during morning trading on Bombay Stock Exchange (BSE) on fresh buying support prompted by possibility of hike in Foreign Institutional Investors (FII) cap in Public Sector Unit (PSU) banks.
INTERNATIONAL Continental to launch daily New York-Delhi flights Continental Airlines said yesterday (Apr 6, 2006) that it would launch daily non-stop flights from its New York hub at Newark Liberty International Airport to New Delhi beginning October.
S Asia is expected to continue its balanced growth With India's GDP growth still at a healthy 6.9 per cent, the South Asian region is expected to continue with its balanced growth aided by the largest contributions from domestic consumption and investment, the World Bank has said.
