NATIONAL Anil says good bye to RIL; sends emotional e-mail The younger Ambani sibling, Anil today (Jun 20, 2005) sent an emotional farewell message to all the employees of Reliance Industries, from where he stepped down as Vice Chairman and Managing Director last week as part of ownership settlement.
Wyse Technology establishes India centre in B'lore Wyse Technology Inc, the worldwide leader in network-centric (or thin client) computing, today (Jun 20, 2005) announced it has established its new India Corporate sales office and software development centre in Bangalore.
Perforce Software ties up with Parrus IT solutions Perforce Software Inc., today (Jun 20, 2005) announced a partnership to distribute Perforce, the 'fast software configuration management system', through Parrus IT Solutions in India.
Govt okays 21 FDI proposals totalling Rs 484 cr The Government today (Jun 20, 2005) approved 21 Foreign Direct Investment proposals totalling Rs 484.204 crore, including that of Infrastructure Development Finance Co Ltd to raise Rs 403.6 crore through issue of fresh equity and transfer of shares to eligible non-residents.
Sonim Technologies to acquire Synergy Infotech Sonim Technologies, a leader in enabling wireless data networks to deliver high margin Voice Over IP (VoIP) applications, today (Jun 20, 2005) announced it has entered into an agreement to acquire Synergy Infotech Private Limited, a Bangalore-based software development company that provides high-end solutions to global customers.
Sensex breaches critical 7000-mark; ends at 6984.55 The Sensex today (Jun 20, 2005) breached the critical 7000-mark for the first time in Bombay Stock Exchange (BSE) history before ending at an all-time closing high of 6984.55, spurred by the stellar performance by Reliance group shares following an amicable settlement between Ambani brothers.
'RIL's credit quality might weaken with cashflows' Global rating agency Standard and Poor's (S&Ps) today (Jun 20, 2005) cautioned that the credit quality of Mukesh Ambani controlled Reliance group's flagship company RIL might "weaken" if significant cash outflows were part of the settlement between him and younger brother Anil.
Petrol, Diesel prices hiked by Rs 2.50 & Rs 2.0 Oil PSUs will raise petrol price by Rs 2.50 a litre and diesel by Rs 2.0 from tonight (Jun 20, 2005) even as kerosene and LPG prices remain unchanged.
Mukesh Ambani bids farewell to Reliance Infocomm After having settled the ownership issue with his brother Anil Ambani, Mukesh on today (Jun 20, 2005) sent an "emotional" farewell message to the employees of Reliance Infocomm, considered his pet project.
Sensex moves closer to 7000-mark in morning trade The Sensex today (Jun 20, 2005) surged up closer to the psychologically important 7000-mark after opening strong on the back of a sharp rally in the top heavyweight Reliance Industries (RIL) in response to an amicable settlement to the ownership dispute between Ambani brothers.
INTERNATIONAL Air India to operate more direct flights to London Air India will operate more direct flights to London from other Indian cities like Bangalore and Hyderabad in the coming days, officials said today (Jun 20, 2005), after the launch of a direct Kolkata-London flight.
Oil prices surge above a record $59 in Asian trade World oil prices today (Jun 20, 2005) surged further into record high territory in Asian trading with the benchmark New York contract breaching $59 a barrel before easing slightly, dealers said.
