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Home -> Finance -> News

NATIONAL
AI to connect Hong Kong, Seoul-Osaka & Shanghai
With three more leased wide-bodied aircraft in its fleet, Air-India would launch daily flights from here to Hong Kong and then connect Seoul and Osaka, along with two flights a week to Shanghai from July 7.

Good news! Now STD calls at 99 paise per minute
Cellular service provider Idea has announced a new STD (standard trunk dialling) tariff of 99 paise a minute for its customers of Delhi and national capital region for calls made to any private GSM mobiles anywhere in the country.

BSE: Sensex scales to historic high of 7284.41 pts
Driven by sustained FII inflows, the Sensex today (July 4, 2005) extended its four-session rising trend and after scaling a new historic high of 7284.41, ended at a fresh all-time closing highs of 7277.31 on the Bombay Stock Exchange (BSE) even as operators adopted a cautious approach.

'Neoware Systems & Parrus IT announce alliance'
Neoware Systems, Inc, a leading supplier of enterprise software, thin client appliances and related services, and Parrus IT Solutions, an IT provider in India, announced an alliance that they said strengthens Neoware's position as a global leader providing customers with "more open, secure, reliable, affordable and manageable computing solutions".

Toyota sells 5,600 vehicles in June; up by 36 %
Toyota Kirloskar Motor (TKM) achieved cumulative sales of 5600 units of Toyota vehicles, led by Toyota Innova and Corolla, in June 2005, up by 36 per cent over the corresponding period last year.

VAT panel to meet to discuss implementation issues
Empowered Committee on value added tax would meet on Saturday to take up the issues arising after three months of implementation of the new tax system by 21 states, including compensation formula for any losses incurred by states due to Valued Added Taxes (VAT).

SAP Labs to hire 2000 people in India by 2006
Leading business software solutions provider SAP today said, it plans to double the headcount in India to 4000 by 2006. SAP Labs India has the largest development facility outside Germany and rates India among the top eight strategic markets.

KPO has potential to touch $16 billion by 2010
The size of knowledge process outsourcing (KPO) industry, the high-end services entailed in business process outsourcing (BPO) activities, has the potential to touch $16 billion by 2010 across the globe.

BSE: Sensex jumps to new all-time intra-trade high
The sensex today jumped to a new all-time intra-trade high of 7263.32 during morning trading in scrip-specific activity on the Bombay Stock Exchange (BSE) on the back of sustained FII inflows and fresh buying interest from domestic investors today (June 04, 2005).

INTERNATIONAL
Volkswagen delays Indian factory in wake of scandal
The bribery scandal at German auto giant Volkswagen has led chairman Bernd Pischetsrieder to postpone making a decision on the planned construction of a new factory in India, the business daily 'Handelsblatt' reported today.