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Home -> Finance -> News

NATIONAL
American airlines, Sahara enter codeshare bracket
American Airlines today (July 12, 2005) announced the launch of non-stop daily flights between Delhi and Chicago from November 15 in code share with Air Sahara.

Sensex hits new all-time high, ends flat at 7303.95
The Sensex today (July 12, 2005) hit a new all-time trading high of 7352.46 before ending flat at 7303.95 in an otherwise choppy business on the Bombay Stock Exchange (BSE) even as IT bellwether Infosys Technologies announced its quarterly results this (July 12, 2005) morning.

GA European to pick up stake in India based NDTV
New Delhi Television Ltd (NDTV), a leading television broadcast and content company, said today (July 12, 2005) that GA European Investments proposes to acquire nearly eight percent stake in the company. GA European Investments, a company incorporated in Cyprus, proposes to acquire 4.8 million equity shares of NDTV from Shyam Cellular Infrastructure Projects Ltd, said a statement issued to the Bombay Stock Exchange.

Aurobindo gets USFDA approval for AIDS drugs
Aurobindo Pharmaceuticals Ltd, a leading drug makers, said Tuesday (July 12, 2005) that the company has got the "tentative approval" from the US Foods and Drug Administration. The approval has been granted for Lamivudine and Zidovudine tablets with combination, said a statement issued to the Bombay Stock Exchange.stration (USFDA) for selling anti-AIDS medicines.

Infosys to hire 13,500 employees in next 9 months
Continuing its hiring spree, software major Infosys today (July 12, 2005) said it would recruit 13,500 more employees in the next nine months of the current fiscal.

TCS software to hire 13,000 professionals in FY06
India's largest software exporter Tata Consultancy Services will hire up to 13,000 professionals in this fiscal, the company said.

Reliance Infocomm challenges Rs 150 cr fine in SC
Reliance Infocomm has challenged in the Supreme Court an order of telecom appellate tribunal TDSAT upholding imposition of a penalty of Rs 150 crore on it by the Government for allegedly resorting to call re-routing.

Reliance Energy meet to discuss Q1 results on Jul 19
Reliance Energy will consider and take on record the un audited financial results of the company for the first quarter on July 19.

US pay cheques processed in India: Ranjan Sinha
Summit HR Worldwide, a human resources business process-outsourcing (BPO) unit, has reached a significant milestone by processing one million US pay cheques from its Chennai centres, its chairman said on Monday (Jul 11, 2005).

SEBI Chief hints at corporate debt market reforms
A major debt market reform is on the anvil, which would allow to raise more resources through issue of bonds, capital market regulator Security and Exchange board of India (SEBI) indicated yesterday (July 11, 2005).

SEBI Chief hints at corporate debt market reforms
A major debt market reform is on the anvil, which would allow to raise more resources through issue of bonds, capital market regulator Security and Exchange board of India (SEBI) indicated yesterday (July 11, 2005).

Microsoft software over priced: Dayanidhi Maran
IT minister Dayanidhi Maran on Monday (July 11, 2005) took a dig at software major Microsoft saying the poor computer adoption in India was courtesy the 'high priced' software, while the MNC claimed that it has already reduced the price of one of its entry level operating system by more than half.

China proposes linkage between Bangalore and Dalian
Impressed by the giant strides made by India in the Information Technology sector, China has proposed linking up the country's Silicon Valley, Bangalore, with Dalian's nascent software park.

Birlas claim Lodha fails, managing M P Birla Group
The Birlas yesterday (July 11, 2005) claimed before the Calcutta High Court that the Birla Corporation and other M P Birla group companies had not done well under the stewardship of Rajendra S Lodha, contrary to the claims made by him, and sought the appointment of an administrator of the group.

Infosys Q1 surges 37 per cent to Rs 531.92 crore
Infosys Technologies announced today (July 12, 2005) its net profit jumped by 36.97 per cent to Rs 531.92 crore for the quarter ended June 30, 2005.

INTERNATIONAL
Air-India flights to Mauritius from September 12
Air India will launch its direct flights from India to Mauritius from September 12, its Chairman and Managing Director V Tulasidas said.