NATIONAL Sixth pay commission not likely in near future:Govt Government today (May 28, 2005) hinted that setting up of a 6th pay commission for Government employees may prove to be ''very costly'', that too at a time when finances of many States were in difficult situations.
EPF Board recommends 9.5 pc interest for 2004-05 The Employees Provident Fund Board today (May 28, 2005) recommended 9.5 per cent interest rate for its around four crore subscribers for 2004-05.
Govt looking into new issues raised by Anil: Gupta Government today (May 28, 2005) said it was looking into "new issues" raised by Reliance Group Vice-Chairman and Managing Director Anil Ambani, engaged in a public battle with elder brother Mukesh, over the ownership of the group.
Hindujas planning foray into passenger car segment Looking at India more aggressively, the Hinduja Group is exploring investments in infrastructure, including roads and power and is planning to enter the passenger car segment.
REL's proposal to Orissa to set up power project Reliance Energy Ltd (REL) has evinced interest in establishment of a mega 12,000 MW thermal power project in Orissa, the State's Energy Minister Surya Narayan Patra said yesterday (May 27, 2005).
Sensex jumps by 3.2 per cent to a high of 6707.72 The Sensex flared up by a whopping 3.2 per cent to two-month high of 6707.72 in the fourth consecutive weekly gaining string, on the back of sustained purchases by domestic funds and fresh buying support from operators despite Foreign Institutional Investors (FIIs) negative activity.
Gas price hike to result in rise in power rates National Thermal Power Corp (NTPC), India's largest power generating company, yesterday (May 27, 2005) said the hike in natural gas prices would lead to an increase of Rs 0.67 per unit of electricity.
