NATIONAL 'Gas pipeline not in way of US-India cooperation' The United States, which is opposed to any energy tie that benefits Iran, today (Jun 17, 2005) said the proposed Iran-Pakistan-India pipeline was not an impediment to Indo-US cooperation in energy sector.
'Ambani brothers move closer to settlement' Ambani Brothers tonight (Jun 17, 2005) moved closer to working out a deal to resolve the seven-month-long ownership issue in the Reliance empire, which is expected to be carved into two separate entitities, highly placed sources said.
AI receives 15 bids for appointment of IPO advisor Air-India has received as many as 15 bids from the investment bankers, including ICICI Securities and DSP-Merrill Lynch, for appointing an advisor for its Initial Public Offering (IPO), which is expected to hit market by December 2005.
Interest rates to be benign in medium term: FM Finance Minister P Chidambaram today (Jun 17, 2005) sought to allay fears that interest rates will go up in the face of the decision of ICICI Bank and HDFC to hike home loan rates by 0.50 per cent.
RIL rally lifts Sensex to end in positive zone Led by RIL, the Sensex recovered at the fag end and today (Jun 17, 2005) closed with marginal gains in lacklustre trade on the Bombay Stock Exchange (BSE) even as crude prices edged towards record highs and monsoon have yet to make its appearance in the western coast amid sustained FIIs inflows.
PM asks ministries to remove constraints on trade Prime Minister Manmohan Singh today (Jun 17, 2005) directed the Ministries to remove trade-related constraints faced by industry and work on the suggestions of the Board of Trade.
RBI unmoved on policy; unfazed by late monsoon Reserve Bank of India (RBI) today (Jun 17, 2005) stuck to its monetary policy stance of 7 per cent growth projection despite the delay in monsoon.
Maruti Udyog asks Hyundai for a 'Swift' apology Indicating the onset of a fierce battle in the domestic car market, auto leader Maruti Udyog Ltd (MUL) today (Jun 17, 2005) demanded an apology from competitor Hyundai for engaging in "false, misleading and deceptive" campaign against its new product Swift or face the consequences.
Inflation at 13-mth low of 4.22 pc week ended Jun 4 With food items becoming cheaper along with some of the fuel and manufactured products, inflation hit a 13-month low of 4.22 per cent in the week ended June 4, even as markets feared the price level to rise in the coming days due to an imminent hike in petro prices.
Sensex witnesses narrow movt in morning trade The Sensex today (Jun 17, 2005) witnessed extremely narrow movements after a promising start and was quoted steady at 10:30 hrs (IST) on the Bombay Stock Exchange (BSE) on alternate bouts of buying and selling.
