NATIONAL Audited accounts submitted to RIL: Reliance Energy Rejecting the contention of parent company Reliance Industries, headed by Mukesh Ambani, Reliance Energy informed the group's flagship company that it had "duly submitted the audited accounts" for 2004-05.
Infrastructure growth slows down to 4.4% in FY05 Commitment of the UPA (United Progressive Alliance) Government notwithstanding, infrastructure growth slowed down to 4.4 per cent during 2004-05 mainly due to poor showing by petroleum refining, coal and steel sectors.
Sensex tumbles by 130 points to close at 6154.44 Concerns over possibility of a hardening interest rates following the overnight reverse repo rate hike today (Apr 29, 2005) sent the Sensex tumbling by 130 points to close at 6154.44 amid weak global advices and negative activity by Foreign Institutional Investors (FIIs).
Orissa, Posco close to clinching $ 10 billion deal After the recent hiccups, Orissa Government and Korean giant Posco are "fine tuning" a $ 10 billion (Rs 55,000 crore) deal for setting up a steel plant in the State.
Dell to hire more in India; looks at other cities World's largest PC maker Dell today (Apr 29, 2005) said it would add nearly 3,000 people in India this year (2005) to reach a total workforce of 10,000 and plans to build new centres.
Air Sahara to launch Delhi-Singapore service in May Expanding its international network, private carrier Air Sahara today (Apr 29, 2005) announced it would launch its Delhi-Singapore service on May 11 and the Chennai-Kuala Lumpur flight on June 15, with an introductory return fare of only Rs 10,000 on both sectors.
Inflation remains at four-months high of 5.64 pc Inflation continued to remain at four months high of 5.64 per cent during the week ended April 16 even as Finance and Petroleum Ministries are yet to find out ways to effect an imminent price hike in petro products.
Govt cuts red tape drastically for indirect taxes In a bid to cut red tape and introduce e-governance, Finance Ministry today (Apr 29, 2005) decided to reduce the paperwork drastically from May 1.
Chidambaram ratifies 9.5 pc EPF rates for FY 03-04 Finance Ministry today (Apr 29, 2005) ratified the interest rate of 9.5 per cent for about 4 crore subscribers of Employees Provident Fund (EPF) for 2002-03 and 2003-04.
INTERNATIONAL 'US may lose ground to India due to visa norms' Warning that US risked losing competitive ground to India and China, Microsoft Chairman Bill Gates has urged the Bush Administration to relax visa restrictions so that more foreign workers could be hired to fill technology jobs in America.
