NATIONAL India, UK ink MoU to increase number of flights Giving a boost to air connectivity between India and the UK, the two countries today (Apr 13, 2005) signed a Memorandum of Understanding (MoU) under which the total number of flights between them would increase from existing 40 to 130 per week.
Sabeer Bhatia launches new venture 'InstaColl' Hotmail co-founder Sabeer Bhatia today (Apr 13, 2005) launched a start-up product firm involved in a new real time collaboration software that allows users share information and documents on real time over the Web.
Bharti completes mobile coverage in 23 circles Sunil Mittal promoted Bharti today (Apr 13, 2005) became the first private telecom operator to have a pan Indian presence with the launch of its AirTel mobile services in Assam, completing the coverage in all 23 telecom circles in the country.
MetroCorp to build townships in B'lore & Chennai MetroCorp, a consortium of mortgage and investment bankers from the US and Europe, announced today (Apr 13, 2005) it would soon launch two large integrated townships in Bangalore and Chennai with an investment corpus of $ 2 billion.
eLitmus.com to recruit 7500 fresh graduates Announcing its unique recruitment model, eLitmus.com, promoted by IT recruitment firm Browse Consulting, has said that it had signed up with 53 companies in IT, BPO, banking and financial cervices and life science sectors to hire 7500 fresh graduates.
Market ends flat despite positive developments Notwithstanding a couple of positive developments, the market lost initial gains and today (Apr 13, 2005) ended flat as traders booked profits at higher levels even as investors hedged positions in the latter part of session.
VAT panel meet to 'discuss' implementation issues Admitting that lack of uniformity in VAT rates among States was a serious issue, the Empowered Committee today (Apr 13, 2005) said that it had advanced its meeting to April 15-16 to discuss the matter, besides other implementation problems.
IMF projects 'robust' economic growth for India International Monetary Fund (IMF) today (Apr 13, 2005) projected a 'robust' economic growth for India despite uneven monsoons and higher global oil prices, but warned high fiscal deficit of the Centre and States could impinge structural reforms, mainly in financial sector.
Sensex breaches 6500-mark during morning trading The Sensex today (Apr 13, 2004) breached 6500-mark as share prices continued their upward march during morning trading on the Bombay Stock Exchange (BSE) on sustained buying support from operators and domestic financial institutions.
TRAI says ADC on roaming will not impact tariffs Telecom Regulatory Authority of India (TRAI) yesterday (Apr 12, 2005) defended its decision to impose Access Deficit Charge (ADC) on international and national roaming subscribers and said it would not result in increase in roaming tariffs.
INTERNATIONAL India seeks greater investments, trade with Japan Worried over low levels of investment and stagnant bilateral trade between India and Japan, New Delhi today (Apr 13, 2005) sought a "new economic partnership" with Tokyo to move from an aid-based to a FDI and trade-based relationship.
Kapil Sibal invites Americans to invest in India Inviting American businesses to invest in India, Science and Technology Minister Kapil Sibal has said the country now has the right incentives and the appropriate intellectual laws in place for technology to come.
Mittal Steel shareholders approve merger with ISG Shareholders in Mittal Steel meeting in Rotterdam yesterday (Apr 12, 2005) and counterparts from International Steel Group (ISG) in New York approved a merger of the two companies that will create the world's largest steel maker.
