NATIONAL BSE: Sensex up by 31.94 pts to close at 6478.94 Despite profit-taking paring a major part of the gains, the Sensex today (May 19, 2005) staged a moderate pullback rally on fresh bargain purchases pushing up the index by 31.94 points to close at 6478.94 on the Bombay Stock Exchange (BSE) after sentiments took a turn for the better.
Economic reforms irreversible: Commerce Minister Allaying fears that Left parties were derailing economic reforms in India, Commerce Minister Kamal Nath today (May 19, 2005) asserted that liberalisation process was irreversible and based on "broad consensus".
Fitch affirms India's sovereign ratings at BB+ Rating agency Fitch today (May 19, 2005) affirmed India's foreign and local currency ratings at 'BB+' with a stable rating outlook but said the high fiscal deficit prevented the country from achieving an investment-grade rating in the near term.
RoC to issue notice to Reliance on Anil's charges In the first direct intervention in the Reliance affairs, Government today (May 19, 2005) said it has asked Registrar of Companies (RoC) to issue notice to group, headed by Mukesh Ambani, on complaints filed by his younger brother Anil in the midst of battle between the two over ownership issues.
SC issues notice to BSNL on petition filed by TRAI The Supreme Court today (May 19, 2005) issued notice to BSNL on a petition filed by Telecom Regulatory Authority of India (TRAI) challenging a telecom appellate tribunal order taking away the authority's vital powers relating to licence agreements in the sector.
Sensex rallies past 6500 mark during morning trade The Sensex today (May 19, 2005) opened strong and later rallied past 6500-mark during morning trading after a two-session downslide on the Bombay Stock Exchange (BSE) on renewed buying support on the back of easing crude prices and firm global advices.
ICICI Bank acquires banking entity IKB in Russia ICICI Bank has acquired the entire paid-up capital of Investitsionno-Kreditny Bank (IKB) of Russia as part of its business plans to expand international operations.
INTERNATIONAL Jet Air to launch flights to secondary UK airports Private carrier Jet Airways, which is launching its Mumbai-London flight on May 23, is looking at operating to secondary airports in the UK to mount direct services in the future.
L&T secures contracts worth $ 30 mn from China Indian engineering and construction conglomerate, Larsen & Toubro (L&T) is bullish on the booming Chinese market and has recently secured three major contracts worth nearly $ 30 million, a top company executive said in Beijing.
