NATIONAL NDTV seeks permission to uplink 4th news channel New Delhi Television Ltd (NDTV) today (May 17, 2005) said it has filed an application with the Ministry of information and broadcasting for permission to uplink its fourth news channel.
BSNL slashes international call rates by 33 pc Initiating another round of tariff war in the telecom sector, state-owned Bharat Sanchar Nigam Ltd (BSNL) today (May 17, 2005) announced a major reduction in the international long distance call rates for Australia, New Zealand, Saudi Arabia, Africa, Gulf and SAARC (South Asian Association for Regional Cooperation) countries to Rs 12 per minute from the existing Rs 18 a minute.
Market beat hast retreat; Sensex down by 62 pts The stock market today (May 17, 2005) beat a hasty retreat pulling the Sensex down by 62 points after a brief overnight price rally as operators resorted to unloading of long positions despite consistent purchases by mutual funds.
'Govt clears Star-Tata and Sun's DTH venture' The applications of Star-Tata joint venture and Kalanidhi Maran's Sun TV to start Direct-to-Home broadcast services in the Country have been cleared by the Government.
SEBI bans UBS Securities Asia Ltd bar for one year In a first action against those involved in May 17, 2004 market crash, SEBI (Security and Exchange Board of India) today prohibited UBS Securities Asia Ltd, a foreign institutional investor, and its associates from issuing offshore derivative instruments (ODIs) with underlying Indian securities for one year.
India's Exports up by seventeen per cent in April The new fiscal began well for India's exports, which grew 17.2 per cent in April 2005-06 but imports surged ahead with 51.05 per cent growth, widening the trade deficit to $ 3.85 billion.
FM aims at double-digit eco growth in coming years Aiming at double-digit inclusive growth in the economy in coming years, Finance Minister P Chidambaram today (May 17, 2005) expressed hope of completing financial sector reforms by the first half of 2005-06.
Sensex reacts negatively after initial firmness The Sensex reacted negatively after the initial firmness and today (May 17, 2005) was quoted 13 points down at 10:30 hrs (IST) on the Bombay Stock Exchange (BSE) due to profit booking by investors despite sustained purchases by domestic mutual funds.
