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Home -> Finance -> News

NATIONAL
Uniform call rates likely across India, says Maran
Telecom subscribers will soon have uniform rates across the country as 'One India', Telecom Minister Dayanidhi Maran said on Tuesday (Jun 14, 2005). When asked whether it implied doing away with STD rates and all calls becoming local, he said, "You are reading between the lines".

Sun Microsystems evolves a 'new sales strategy'
Sun Microsystems today (Jun 14, 2005) said it has a evolved a new sales strategy - global client solutions engagement model - in its bid to help customers focus on their problems, including business compliance, reducing costs, providing secure global access and designing next generation data centres.

Infy contributes to success of Airbus A380 project
Infosys Technologies today (Jun 14, 2005) announced that it has worked with Airbus on the Airbus A380 programme.

BSE: Sensex gains 27 points amid monsoon worries
The Sensex today (Jun 14, 2005) ended 27 points up extending its gains to second straight day in volatile trade on the Bombay Stock Exchange (BSE) on selective purchases by Foreign Institutional Investors (FIIs) amid worries over the delay in arrival of the monsoon and high global oil prices.

Jet signs $4 billion deal with Boeing and Airbus
In a multi-billion dollar deal, private airliner Jet Airways today (Jun 14, 2005) signed agreement with Boeing and Airbus to acquire a total 30 aircraft, apart from having options for 20 more aircraft.

IBM opens 1000-seat global centre in Hyderabad
IBM Global Services India opened its global delivery centre in Hyderabad on Tuesday (Jun 14, 2005) to cash in on the increasing demand for IT application development and management.

India, Pak should not give up pipeline project: CPM
India and Pakistan should not give up the Iran-Pakistan-India gas pipeline project and reject US "pressure" against it, the Communist Party of India Marxist (CPM) said today (Jun 14, 2005).

BSE: Sensex down by 3.24 points after early upsurge
The Sensex turned weak after the initial upsurge and was quoted marginally down at 10:30 hrs (IST) today (Jun 14, 2005) on the Bombay Stock Exchange (BSE) on selling pressure from operators and traders.

Kingfisher 1st pvt airline to acquire A380 jumbo
Vijay Mallaya's Kingfisher Airline is to go for a Super Jumbo A380, making it the first private airline in the world to acquire the 555-seater aircraft within a month of its launch.

Sutherland named to the J D Power Standard Board
Sutherland Global Services Inc, a global customer management company in the Business Process Outsourcing (BPO) sector, yesterday (Jun 13, 2005) said it had been named to the J D Power Certified Technology Service and Support Standards Board and would join the team of leading technology companies in defining best practices criteria for the newly-created certification programme.

INTERNATIONAL
Brewer SABMiller to invest $125 million in India
Global brewing company SABMiller on Tuesday (Jun 14, 2005) announced $125 million investment over five years to expand operations and develop market-leading brands in India, which it has identified as a strategic growth market.

'Bosch to involve Indian engineers in global R&D'
In an acknowledgement of India's growing status as a knowledge-based economy, German automotive giant Bosch has decided to involve Indian engineers to support its global research and development efforts.

'India's biotech sector has tremendous potential'
Asserting that India offers unprecedented opportunities for entrepreneurs in biotechnology industry, Minister of State for Science and Technology Kapil Sibal has invited venture capitalists, experts in the field and non-resident Indians (NRIs) to invest their money and talent in this fast growing sector.

Bharti signs mega outsourcing deal with Ericsson
In a major outsourcing deal, Bharti Group, offering telecom services under its brand AirTel, today (Jun 14, 2005) signed a contract with Swedish telecom giant Ericsson worth $250 million (about Rs 1,075 crore) for setting up and maintaining GSM cellular network in 3,000 towns across India.

London receives half of Indian Europe FDI projects
London is the destination for 55 of 119 Indian Foreign Direct Investment (FDI) projects into Europe between 1997 and 2004, a new report indicated.

Iran to give IOC-Petropars N Pars gas field block
Iran will give Indian Oil Corp (IOC) and its Iranian partner Petropars a block in the North Pars gas field, which is believed to contain over 47 trillion cubic feet of gas reserves, for production of Liquefied Natural Gas (LNG) and its export to India and other countries.

India, Iran set up group to expedite gas pipeline
India and Iran yesterday (Jun 13, 2005) decided to set up a special joint working group to sort out legal, financial and technical wrangles in the proposed $4.16-billion Iran-Pakistan-India gas pipeline.