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Home -> Finance -> News

NATIONAL
Govt expresses concern over Reliance developments
Ministry of Company Affairs today (May 16, 2005) said that it had received complaints from Reliance vice-chairman and managing director Anil Ambani, engaged in a public bickering with elder brother Mukesh over ownership issues, and that Government was "concerned" over the developments in the group.

BSE: Stocks rally smartly; Sensex up by 76 points
Stocks today (May 16, 2005) rallied smartly after a week-long uneventful trade and lifted the Sensex by 76 points on the Bombay Stock Exchange (BSE) on hectic buying support from operators on the back of heavy net purchases by domestic financial institutions.

Magic Software releases version 2.5 of iBOLT
Magic Software Enterprises a leading provider of state-of-the-art development and integration technology, announced today (May 16, 2005) the release of Version 2.5 of its iBOLT Business Integration Suite.

Left Parties oppose increase in petroleum prices
Left parties today (May 16, 2005) vehemently opposed any increase in petrol and diesel prices and instead asked the Government to restructure duties.

'E-learning', the next big thing after BPO!!!
A student in a remote Orissa village taking his MBA examination from a Mumbai university using broadband network; American students taking mathematics lessons from teachers sitting in New Delhi or people from across the globe doing a crash course on disaster management from Honolulu University.

Sensex jumps by 48 points during morning trading
The Sensex today (May 16, 2005) rallied smartly after opening on a promising note and was quoted 48 points higher at 10:30 hrs (IST) on the Bombay Stock Exchange (BSE) on emergence of investors buying support.

INTERNATIONAL
'India & China to share world leadership status'
China and India's economic emergence will eventually lift them to a world leadership role alongside the United States, former Hong Kong governor and EU commissioner Chris Patten said today (May 16, 2005).