NATIONAL India & China ink MoU in Civil Aviation sector India and China today (Apr 11, 2005) signed a Memorandum of Understanding (MoU) in the Civil Aviation sector, under which both the countries can designate one or more airlines to operate on the specified routes.
Jet, Sahara hike fares by 12 per cent from Apr 15 Following on the footsteps of Indian Airlines, two leading private carriers Jet Airways and Air Sahara today (Apr 11, 2005) announced increase in fares in all sectors by 12 per cent from April 15 on account of a major hike in the prices of aviation turbine fuel (ATF).
Infosys to provide solution to Kids Headquarters Infosys Technologies Ltd today (Apr 11, 2005) said that Kids Headquarters (Kids HQ), the world's largest children's apparel company, has turned to Infosys to help comply with existing mandates from major retailers.
Maruti launches new 'Omni' and 'Swift' Maruti's most popular multi-utility vehicle Omni flaunted a new exterior and a more functional interior when the domestic carmaker launched its upgraded Bharat-III norm version.
'Invest-in-Bavaria' to assist Indian companies "Invest-in-Bavaria", the office of the largest German State, assists Indian companies to set up their operations in Bavaria and helps Bavarian companies to set up there business in India.
Tata quits as VSNL Chairman; Bhargava takes over Tata group supremo Ratan Tata today (Apr 11, 2005) stepped down as chairman of Videsh Sanchar Nigam Limited (VSNL) in a move that enables him to take full charge of the entire telecom business of the conglomerate, which intends to step up its investment to Rs 30,000 crore by August 2006.
Elcoteq to invest $ 100 mn & hire 1,000 in B'lore Finnish mobile handsets and electronic equipment maker Elcoteq today (Apr 11, 2005) opened its factory in Bangalore, in which it would invest upto $ 100 million and hire 1,000 people by 2006.
Investors turn cautious; Sensex tumbles by 82 pts The stock market continued its slide and ended down by another 82 points at 6397.52 in thin volume on sustained sell-off by investors ahead of the earning season amid slowdown in FII inflows.
India must strive for better investment climate: WB Critical of India's "poor" ranking in terms of investment climate, World Bank today (Apr 11, 2005) said that the economy could grow by 2 per cent more if it improves infrastructure, business regulations, labour and land laws.
India to get $ 800 million in phone manufacturing India will attract $ 800 million in manufacturing of telecom products and equipment during the current fiscal, Union IT and Communications Minister Dayanidhi Maran said today (Apr 11, 2005).
India-China trade to reach $ 20 billion by 2008 India and China today (Apr 11, 2005) agreed to raise bilateral trade by $ 7 billion to $ 20 billion by 2008 even as Beijing hinted at opening up markets for Indian rice.
'India to boost economic ties with Saudi Arabia' India today (Apr 11, 2005) termed Saudi Arabia as an important trading partner and expressed willingness to strengthen economic ties, especially in energy, aviation, pharma and banking sectors.
BSE: Sensex falls sharply during morning trading The Sensex today (Apr 11, 2005) opened moderately down and later fell sharply during morning trading on the Bombay Stock Exchange (BSE) due to sustained selling pressure ahead of announcements of quarterly results.
INTERNATIONAL Investment climate in B'desh 'positive' says Tata India's Tata group, which proposed a $ two billion investment plan in Bangladesh, has found the "investment climate suitable and positive" in the country.
