NATIONAL High-level committee against merger of oil PSUs A high-level panel on recast of public sector oil firms has opined against mergers to create behemoths and instead suggested greater autonomy by transferring Government shareholding in oil PSUs into a professionally managed trust.
IA to expand Int'l operations; start feeder service In face of growing competition in the aviation market, Indian Airlines today (July 11, 2005) said it planned to lease 12 wide-bodied aircraft to expand its international operations and another six turbo-prop ATRs to launch feeder services in some parts of the country, other than the Northeast.
BSE: Sensex zooms by 95 points; ends at 7306.74 The Sensex today (July 11, 2005) zoomed by 94.66 points to end at an all-time high of 7306.74 at the Bombay Stock Exchange (BSE) on frantic buying spree by foreign funds following a sharp rise in the global stock prices coupled with fall in crude oil.
Proposed power tariff hike to affect textiles badly The Karnataka Textile Mills' Association (KTMA) today (July 11, 2005) warned that the proposed hike in power tariff would sound the death knell for the declining textile industry in the state, forcing many of the mills to shift base to neighbouring states like Andhra Pradesh (AP) and Maharashtra and rendering thousands of workers jobless.
Sensex opens strong, rallies by 79 pts in trading The Sensex today (July 11, 2005) opened strong and continued to rally on increased heavy buying, mainly by foreign funds and was quoted 79.53 points higher during the early trading on the Bombay Stock Exchange (BSE).
INTERNATIONAL WTO: Kamal Nath to attend ministerial talks in China Union Commerce and Industry Minister, Kamal Nath will attend a two-day informal meeting of the trade ministers of 30 World Trade Organization (WTO) member countries in Beijing next week.
