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Home -> Finance -> News

NATIONAL
Air Deccan launches Re 1 ticket for 'common man'
Pushing competition to its limit, Air Deccan today (Jun 6, 2005) announced the launch of the lowest fare of rupee one per ticket plus taxes worth Rs 221 from tomorrow and also put in place a new concept in the Indian aviation scene to sell its tickets through petrol pumps of HPCL.

Raman Roy quits Wipro's BPO; Kurien takes over
Raman Roy has quit as the Chief Executive of Wipro's BPO business, the Bangalore-based company has appointed T K Kurien in his place.

Jet Airways flights to US likely to be delayed
Jet Airways flights to US are now likely to be delayed as necessary approvals are due from the Department of Transport (DoT).

BSE: Sensex hits 6800-mark; ends at 6758.19 pts
Late profit selling by investors erased early gains amid firm crude oil prices and the Sensex today (Jun 6, 2005) ended five points up even as it breached the 6800-mark during trading for the first time in eleven weeks.

Korean firm to set up Rs 500 cr plant in Bangalore
Korea headquartered compact fluorescent lamp (CFL) technology company, Heat Engineering Company Limited, proposes to set up a Rs 500 crore manufacturing plant in Bangalore soon, a top company executive said today (Jun 6, 2005). "We are in the process of finalising the location for setting up manufacturing base for CFL lamps in Bangalore. We plan to invest Rs 500 crore on the project in next one to two years with a manufacturing capacity of 10 million lamps per month", its President B J Hwang told reporters in Bangalore.

NASSCOM ITES-BPO strategy summit in Bangalore
The seventh annual NASSCOM ITES-BPO strategy summit commences in Bangalore tomorrow (Jun 7, 2005).

A-I to link Seoul; start non-stop flights to KL
With three more leased Airbus A310 joining the fleet, Air-India will link Seoul and introduce non-stop flights between Delhi-Kuala Lampur and Mumbai-Singapore and Kuala Lampur from next month.

China among India's top five export destinations
China has emerged as one of the top five destinations of exports from India, according to the latest available disaggregated merchandise trade data for 2004-05.

Sensex breaches 6800-mark during morning trading
The Sensex today (Jun 6, 2005) rallied smartly after a weak start and breached the 6800-mark during morning trading on the Bombay Stock Exchange (BSE) on the back of sustained Foreign Institutional Investors (FIIs) inflows in equity coupled with fresh buying support from operators.

INTERNATIONAL
Mittal brothers embroiled in court case in Lagos
After a corporate war involving Ambani brothers, the London-based siblings Mittal steel barons Lakshmi and Pramod are waging a proxy battle over iron ore in West Africa.