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Home -> Finance -> News

NATIONAL
Reliance Infocomm eyes 10-fold increase in users
Reliance Infocomm today (Apr 22, 2005) outlined an ambitious target of a ten-fold increase in subscriber base to 100 million by 2008 saying the Ambani family developments had no effect on professional management of the company.

India's biggest BT show 'Bangalore Bio-2005' begins
India's biggest bio-tech show, 'Bangalore Bio-2005, opened in Bangalore today (Apr 22, 2005) as Government promised more investment in biotechnology, the US and Britain proposed partnerships with India and experts spoke of the country reaching $ 5 billion in bio-tech business by 2010.

Sensex rises further by 47 pts to close at 6346.57
Led by Wipro, technology shares rallied smartly on the Stock Exchange, Mumbai (BSE) today (Apr 22, 2005) pushing the Sensex further up by 47.37 points to close at 6346.57 on sharp buying activity.

An IPO dream that turned sour for some investors
A look at the performance of the eight IPOs since January 2005, which got listed reveals that the IPO dream may have turned sour for some investors.

Wipro to merge BPO subsidiary, eyes high-end deals
IT major Wipro today (Apr 22, 2005) said it would merge Business Process Outsourcing (BPO) subsidiary (Wipro Spectramind) with itself, while moving away to a high value transaction processing model from the existing call centre focused business due to high demand from its clients.

Anil Ambani's name ceases to figure in IPCL Board
Nearly four months after Anil Ambani tendered his resignation from the Board of Reliance group company Indian Petrochemcial Company Ltd (IPCL) in the midst of his feud with brother Mukesh Ambani, the company's website today (Apr 22, 2005) showed the list of the Board of Directors without the younger brother's name.

Sensex rises by 42 points during opening session
The Sensex today (Apr 22, 2005) rose further at the opening session on the Bombay Stock Exchange (BSE) with a rise of 42 points on increased buying activity.

Wipro posts FY 04-05 net profits of Rs 1628.05 cr
IT services major Wipro today (Apr 22, 2005) reported net profit of Rs 1894.8 crore, a jump of 58 per cent in 2004-05 over Rs 1203.2 crore in the previous fiscal.

Tata Steel for making friends through trade in Pak
After Bangladesh, Tata Steel is eyeing doing business in Pakistan.

INTERNATIONAL
AI to fly direct from London to Kolkata from June
Air India will introduce direct flights from London to Kolkata from June 4 and from Birmingham to Amritsar from May 15, its Chairman and Managing Director V Thulasidas announced in London yesterday (Apr 21, 2005).

AI to fly direct from London to Kolkata from June
Air India will introduce direct flights from London to Kolkata from June 4 and from Birmingham to Amritsar from May 15, its Chairman and Managing Director V Thulasidas announced in London yesterday (Apr 21, 2005).