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Home -> Finance -> News

NATIONAL
Issue of raising petrol prices lies with PM: Aiyar
Petroleum Minister Mani Shankar Aiyar today (Jun 3, 2005) said the issue of raising petrol and diesel prices rests with Prime Minister Manmohan Singh and he will take a final call soon.

BSE: Market bounces back; shoots up by 93 points
Led by IT shares, the Sensex today (Jun 3, 2005) bounced back with vengeance and shot up by 93.29 points on frantic all-round buying and crossed the 6700 mark, before closing at 6748.85 on the stock exchange, Mumbai (BSE).

FM to Mines Ministry: 20 pc divestment in NALCO
Finance Ministry has written to the Ministry of Mines for 20 percent divestment of its share in National Aluminium Corporation Ltd (NALCO).

Inflation declines for the fourth week to 5.38 pc
Inflation declined for the fourth consecutive week ended May 21 to 5.38 percent mainly due to cheaper primary articles, including food and fuel products, even as fears that it could spurt looms large over an imminent price hike in fuels.

BSE: Sensex weakens by 5.26 pts at opening session
The Sensex today (Jun 3, 2005) started higher, but declined due to fresh selling and was quoted 5.26 points lower than yesterday's (Jun 2, 2005) close during the early trading on the Bombay Stock Exchange (BSE).

INTERNATIONAL
Swraj Paul sets up $ 40 million steel plant in US
In its first foray into the US West Coast, NRI industrialist Swraj Paul's Caparo Group on Friday (Jun 3, 2005) opened a $ 40 million steel plant.

India seeks WTO help against US' outsourcing ban
Alarmed by a US move to ban outsourcing jobs, India has sought provisions in the World Trade Organisation (WTO) that will check countries from stopping companies from offshoring jobs.

LS Speaker calls for an attitude that fosters trade
Stressing that no country can stay aloof from development in the era of globalisation, Lok Sabha Speaker Somnath Chatterjee has called for inculcating attitudes that foster commerce and maximise trade.

China violating WTO rules on market access: US team
Even though China has made demonstrable progress in implementing commitments to open its markets, many of its trade policies are in violation of the multilateral body's rules, US experts have alleged.