NATIONAL Reliance announces rationalisation of tariff rates Reliance Infocomm today (Jun 27, 2005) announced rationalisation of tariff rates by which subscribers of Reliance India Mobile would be able to enjoy single rate in the States of West Bengal, Andaman & Nicobar, Maharashtra and Goa.
Ratan to continue to head Tata empire till 2012 In a significant development that ends the prolonged speculation about the succession in India's leading corporate house Tatas virtually extended the term of Group Chairman Ratan Tata till 2012.
Fiat Auto increases stake in Fiat India to 44.61% The Board of Directors of Fiat India Pvt Ltd today (Jun 27, 2005) announced Fiat Auto Spas' increase in stake in Fiat India Pvt Ltd to 44.61 % from the current 19.44 % through an investment of over 200 crores.
Bahree was promised job, $5000 for helping 'Sun' Fresh details emerging out of the scam involving leakage of client details of British banks by an Indian IT worker reveal that he was promised a job apart from $5000 for helping the under-cover reporter of the daily "The Sun" with information.
Sensex crosses 7200 level; ends at 7151.08 points The Sensex today (Jun 27, 2005) crossed the 7200 level for the first time in the history of the exchange and later ended at an all-time closing high of 7151.08 on the Bombay Stock Exchange in Mumbai.
Mukesh Ambani rules out merger of IPCL with RIL Reliance Industries Ltd (RIL) Chairman Mukesh Ambani today (Jun 27, 2005) ruled out any merger of Indian Petrochemicals Corporation Ltd (IPCL) with RIL but said that IPCL board can take a decision on it.
Raza Microelectronics launches operations in India Atiq Raza, a Silicon Valley entrepreneur, today (Jun 27, 2005) launched RMi Technologies India Pvt Ltd (RMI India), the city-based operations of Raza Microelectronics Inc, a fabless semiconductor company.
Infosys builds own hotel for employee convenience Perennial traffic problems in Bangalore and high hotel tariff and occupancy rate are prompting some city-headquartered software biggies to think in terms of owning a 'hotel' on their own for clients and visitors.
10th plan growth target of 8.1 pc not possible: PM Projecting a 7-8 per cent growth in the next two years, Prime Minister Manmohan Singh today (Jun 27, 2005) asked States to chalk out ambitious plans to double farm production, which has been a drag in GDP performance.
Sensex opens weak; recovers during early trading The Sensex today (Jun 27, 2005) opened weak, but soon recovered on fresh buying activity at the opening session on the Bombay Stock Exchange (BSE) and was quoted 28 points higher at 10:30 hrs (IST).
