NATIONAL Rs 1424 cr cash loss for oil PSUs in March-April Public sector oil marketing firms made a net cash loss of Rs 1424 crore in March and April due to the freeze on petrol, diesel, LPG and Kerosene prices despite rising cost of raw material (crude oil).
Rising interest rates not to impact bank equity: RBI Reserve Bank of India today (May 26, 2005) said that the gradually rising interest rates are unlikely to adversely affect the equity base of the commercial banks due to prospects of improvement in net interest income.
BM to Bull run--Market gives thumbs up to UPA Govt Capital market witnessed a "resurgence" with Sensex touching all time high and investors' wealth swelling to a whopping Rs 16,98,429 crore in 12 months of UPA (United Progressive Alliance) rule, Finance Minister P Chidambaram said today (May 26, 2005).
Govt may withdraw duty drawback for oil sector In a move that could hit refiners like Reliance Industries, Government may withdraw the export incentive duty drawback scheme for oil sector to absorb part of the steep fuel price hike required in face of surging global petroleum prices and increased incidence of duties.
PC sees 7 per cent GDP growth in Fiscal Year '06 Taking stock of the economic performance in United Progressive Alliance's (UPA) one year in power, Finance Minister P Chidambaram today (May 26, 2005) projected 7 per cent Gross Domestic Product (GDP) growth this fiscal and promised to keep inflation under control and ensure low interest rates.
VAT-intelligent trade software launched in B'lore A VAT-intelligent, trading-inventory-accounting software - 'balance' - was launched today (May 26, 2005) by information technology solutions provider Source Code International.
Cabinet approves 10 percent equity sale in BHEL In the first disinvestment case of the current fiscal, the Government today (May 26, 2005) approved the sale of 10 per cent of its equity in Bharat Heavy Electricals Ltd ( BHEL) to mop up around Rs 2,000 crore.
Left was consulted on BHEL shares issue, says FM A fresh row erupted today (May 26, 2005) between the Government and the Left parties over the divestment of BHEL shares with Finance Minister P Chidambaram saying the Left were consulted on the issue, a claim stoutly denied by the key outside supporters of the United Progressive Alliance (UPA) coalition.
Sensex shoots up by 69.06 points to 2 month high Led by BHEL, shares surged for the sixth day in a row, pushing up the Sensex sharply by 69.06 points to close at nearly 2-month high of 6666.66 on heavy institutional buying on the stock exchange, Mumbai (BSE).
Meeting to discuss fuel prices remains inconclusive A meeting called by Prime Minister Manmohan Singh with Finance Minister P Chidambaram and Petroleum Minister Mani Shankar Aiyar to discuss revision in fuel prices remained inconclusive.
Sensex edges up by 1.42 points during early trading The Sensex today (May 26, 2005) was almost flat at the opening session and edged up by 1.42 points on the Bombay Stock Exchange (BSE), on selective buying interest.
INTERNATIONAL Tata negotiations with Bangladesh for investments India's Tata group yesterday (May 25, 2005) started the first round of negotiations with Bangladesh on its planned $ 2.5 billion investment plan, official sources said in Dhaka.
