NATIONAL Government pushes banking reforms through 3 Bills In a major push to financial sector reforms, Centre tonight (May 4, 2005) approved two Bills that will give Reserve Bank of India powers to revise SLR and CRR limits of commercial banks.
Cabinet approves Special Economic Zone legislation Government tonight (May 4, 2005) cleared the long-awaited Special Economic Zone (SEZ) legislation providing a fiscal package, including 15-year income tax holiday, to give a big push to exports, foreign direct investment and job creation.
Mukesh meets PM; Meswani talks to FM official Reliance Industries Ltd chairman and managing director Mukesh Ambani today (May 4, 2005) met Prime Minister Manmohan Singh and one of his top lieutenant held discussions with Finance Ministry officials, a day after younger Ambani sibling Anil made serious allegations in the ongoing battle for control of the Reliance empire.
BSE: Sensex firms up further; closes at 6289.55 The Sensex today (May 4, 2005) extended its rising trend for the third straight day and rose by another 72.78 points to close at 6289.55 due to all-round heavy buying activity on the Bombay Stock Exchange (BSE).
Kerala Cabinet approves Kochi Smart City project Making a major stride in Information Technology development in Kerala, the United Democratic Front (UDF) Government today (May 4, 2005) approved the Rs 1500-crore Kochi Smart City project sponsored by the Dubai Internet City (DIC), targeting to create 33,300 jobs in 10 years.
Wipro, SmartTrust tie-up for global mobile solution Sweden-based SmartTrust, developer of software-based infrastructure solutions for the mobile telecommunications industry, and Wipro Technologies today (May 4, 2005) announced a tie-up for accelerated delivery of mobile device management solutions to mobile operators globally.
JBoss launches India operations with B'lore office Professional Open Source company JBoss Inc, today (May 4, 2005) announced the opening of India office in Bangalore as part of plans to establish foothold into the Asian market.
BSE: Sensex up by 40.53 points at early trading The Sensex today (May 4, 2005) opened marginally higher and rose further smartly at the opening session on the Bombay Stock Exchange (BSE) on increased buying and was quoted 40.53 points higher than yesterday's (May 3, 2005) close.
