NATIONAL Helios & Matheson net profit up by 133 per cent Helios & Matheson today (Apr 20, 2005) reported a rise of 133 per cent in its net profit. The revenue of the IT services organisation is expected to cross Rs 200 crore mark in fiscal 2006.
Sanovi Tech expands its R&D centre in Bangalore Sanovi Technologies Corporation today (Apr 20, 2005) announced expansion of its R&D centre in Bangalore, saying it plans to invest $ 10 million in it in the next three years.
BSE: Sensex bounces back by 109 pts to 6243.74 The Sensex today (Apr 20, 2005) bounced back smartly by 109 points to close at 6243.74 on the Bombay Stock Exchange (BSE) driven up by renewed heavy all-round buying on the back of firm global advices, snapping a string of three session losses.
CPM demands downward revision of petrol prices Communist Party of India Marxist (CPM) today (Apr 20, 2005) demanded a downward revision in the prices of petrol and diesel asking the Government to restructure the duty on petroleum products in order to stabilise the prices and reduce the burden on the common man.
Nokia Growth Partners invests $ 3 million in Sasken Nokia Growth Partners has invested $ 3 million in Bangalore-based telecom R&D outsourcing firm Sasken Communication Technologies to pick up an equity stake.
K'taka attracts $ 400 million investment in Biotech Karnataka has attracted 18 new Biotechnology firms and investments of $ 400 million (Rs 1800 crore), including Rs 750 crore from India's biggest biotech firm Biocon, in the last 12 months.
Biocon reports net profit at Rs 198 cr for FY 04-05 Biotech firm Biocon today (Apr 20, 2005) reported a net profit of Rs 198 crore during 2004-2005, an increase of 42 per cent over Rs 139 crore in the previous fiscal.
India expects 3 million foreign tourists this year After a record arrival of foreign tourists in 2004, India is poised to take a quantum leap by crossing the magic figure of three million this year to register a 24 per cent growth, according to Gaur Kanjilal, Regional Director of Tourism Department in Mumbai.
Sensex shows a smart gain of 72 pts in early trade The Sensex today (Apr 20, 2005) started strong on the Bombay Stock Exchange (BSE) on heavy buying activity and showed a smart gain of 72 points during the early trade.
