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Home -> Finance -> News

NATIONAL
Direct tax mop up at Rs 1,30,151 cr in 2004-05
Direct tax mop up grew by about 26 per cent year-on-year to Rs 1,30,151 crore during 2004-05, but fell short of the revised targets for the financial year.

Air One to fly passengers at 30 pc cheaper rates
Budget airline Air One today (Apr 12, 2005) said it would launch operations on feeder routes in August by offering "same services" to passengers at 30 per cent cheaper rates than full service airlines.

Tatas sell their 47 pc stake in ITPL to Ascendas
The Tata group today (Apr 12, 2005) sold its 47 per cent stake in Bangalore's International Technology Park to Singapore real estate firm Ascendas Pte Ltd.

Sensex bounce back by 67 points on buying support
Buoyed by better-than-expected earnings by Mphasis BFL and expectations of excellent working by steel sector, the Sensex snapped the three-session losing streak and bounced back by 67 points on hectic buying support from domestic mutual funds and operators.

BEL plans to sell 5 lakh DTH set top boxes in India
Aiming at tapping the booming need by individual homes for watching satellite TV through Direct to Home (DTH) set top box in India, State-run Bharat Electronics Ltd today (Apr 12, 2005) said that it is planning to sell over five lakh DTH set-top boxes in the country this financial year (2005).

Sensex opened strong on Mphasis' good performance
Led by announcement of encouraging quarterly results by Mphasis BFL, the Bombay Stock Exchange (BSE) today (Apr 12, 2005) opened on a promising note and later rallied smartly during morning trading on emergence buying support.

India slated to become 3rd largest economy by 2035
India is slated to become the third largest economy with a share of 14.3 per cent of global economy by 2015 and graduate to become the 'third pole' and growth driver by 2035.

Huawei Tech bags $70 million deal from HFCL Infotel
Chinese Telecom major Huawei Technologies yesterday (Apr 11, 2005) bagged a $ 70 million contract from the Delhi-based HFCL Infotel to supply telecom products and solutions for its networks in Punjab, Himachal Pradesh and Jammu and Kashmir.