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Home -> Finance -> News

NATIONAL
Three McDowell brands bag international honours
McDowell and Company Limited announced today (Jun 10, 2005) it has become the first Indian beverage alcohol company to gain international recognition for three of its brands for flavour and taste, in their respective categories.

NaviSite Inc announces Global Delivery Strategy
NaviSite Inc, which deploys, manages and enables software applications and infrastructure for mid-market organizations, today (Jun 10, 2005) announced its global delivery strategy in conjunction with the growth of NaviSite India Private Limited in New Delhi, India.

Sensex surrenders early gains, down by 51 points
A late bout of hectic profit-taking today (Jun 10, 2005) drove the Sensex down by another 50.54 points to close at 6781.99 on the Bombay Stock Exchange (BSE) after an early surge to 6883.67 could not be maintained due to nervous selling ahead of the weekend.

Ambani letter war: MPs & Minister allege forgery
Two MPs and a Minister from Orissa have alleged that their names had been used in forged letters to attack certain key officials of the Reliance group and have sought a probe by the Union Government into this.

Tata Group plans 'lots of investments' in K'taka
Tata Group has "lots of investment plans" in Karnataka, where it has proposed to take up projects in a short period time, its chairman Ratan N Tata said today (Jun 10, 2005).

Cash payment in settlement might weaken RIL: S&P
Amid progress in negotiations for a settlement between Ambani brothers over Reliance group's ownership issues, Global rating agency Standard and Poor (S&P) today (Jun 10, 2005) cautioned that any substantial cash payment made out of Reliance Industries Ltd (RIL) could impact the group's flagship company adversely.

BSE: Sensex makes strong turnaround, up by 39 pts
The Sensex today (Jun 10, 2005) opened steady and later made a strong turnaround after the overnight correction, rising to a high of 6883.67 during morning trading on the Bombay Stock Exchange (BSE) on fairly good Foreign Institutional Investors (FII) inflows.

INTERNATIONAL
Aiyar faces tough task in Iran on LNG purchase
India's Petroleum Minister Mani Shankar Aiyar will have a lot on his plate to discuss when he visits Iran this week to finalise purchase of liquefied natural gas (LNG) and discuss the ambitious Iran-Pakistan-India gas pipeline.

'India to dictate its own terms for globalisation'
Attacking developed nations for sharp rise in barriers, including for labour movement, India has made it clear that globalisation will be on its own terms as it has now acquired a "pro-rich" flavour.