NATIONAL SEBI prohibits Pentamedia and directors from market SEBI (Securities and Exchange Board of India) today (May 27, 2005) barred Pentamedia Graphics Ltd and its directors from issuing new shares, altering capital structure, accessing and dealing securities until further orders to save investors from further fraudulent actions like exposure to fake shares.
BSNL to start ILD services directly to 23 countries State-run BSNL (Bharat Sanchar Nigam Ltd) will start international long distance services directly to 23 countries and has signed bilateral international service agreements with six international carriers for routing of ILD calls.
BSE: Sensex firms by 37 points to end at 6707.72 The Sensex today (May 27, 2005) continued its rising trend for the seventh straight session and firmed up further by 36.94 points to close above the 6700-mark due to persistent heavy funds buying on the stock exchange, Mumbai (BSE).
BSE: Sensex firms by 37 points to end at 6707.72 The Sensex today (May 27, 2005) continued its rising trend for the seventh straight session and firmed up further by 36.94 points to close above the 6700-mark due to persistent heavy funds buying on the stock exchange, Mumbai (BSE).
CCEA approves 12 per cent hike in natural gas price Government has approved a 12 per cent hike in subsidised natural gas prices for power and fertiliser units, a move that would boost revenues of Oil and Natural Gas Corp (ONGC) by over Rs 1000 crore annually.
Inflation continues its downward spree to 5.55 pc Continuing its downward spree for the third consecutive week ended May 14; inflation ticked 5.55 per cent despite costlier food and fuel products.
EPFO meet to recommend final rate of interest tomm Saddled with the daunting task of paying higher interest to its four crore subscribers, the Central Board of Trustees (CBT) of the Employees Provident Fund (EPF), will hold a special meeting tomorrow (May 28, 2005) to recommend the final rate of interest for 2004-05, which could be less than 9.5 per cent.
Sensex firms up by 55 points to cross the 6700-mark The persistent rising trend in Sensex entered its seventh straight session today (May 27, 2005) as it firmed up further by 54.88 points to cross the 6700-point mark at the opening session on the Bombay Stock Exchange (BSE) on sustained heavy institutional buying.
Infosys Tech ADR offer is 8 times oversubscribed The sponsored secondary offer of India's second largest software exporter Infosys Technologies yesterday (May 26, 2005) was oversubscribed eight times with Indian shareholders tendering over 52.4 million shares to convert their stock to American Depository Receipts (ADR) at an offer price of $ 67 per ADR with the total offer valued over $ 1 billion.
Cambridge to increase headcount to 3,500 by 2006 Cambridge Integrated Services, a global outsourcing provider and second largest player in India's Business Process Outsourcing (BPO) industry, was looking at increasing its headcount in Bangalore to 3,500 by 2006 with the launching of its new development centre.
B'lore company launches VAT intelligent software A Value Added Tax (VAT)-intelligent, trading-inventory accounting software - 'balance' - was launched yesterday (May 26, 2005) by information technology solutions provider Source Code International.
