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Home -> Finance -> News

NATIONAL
Positive evolutions upbeat business authority in Q1
Reserve Bank of India (RBI) today (July 25, 2005) said positive developments in agriculture, industry and services sector coupled with the upbeat business confidence has imparted a degree of optimism about growth prospects in the first quarter ended June 30 of 2005-06.

Cabinet committee approve mega auto testing project
The government today (July 25, 2005) cleared a Rs 1,718 crore project to set five centres for automotive testing and homologation throughout the country over the next six years.

Unstoppable Sensex reaches fresh lifetime peak!
The bull charge at the Bombay Stock Exchange (BSE) was virtually unstoppable today (July 25, 2005), with the Sensex breaching the crucial 7500-mark and touching a fresh lifetime closing peak of 7505.60, driven up by sustained FII buying coupled with short covering by operators.

Another Wipro executive, Rich Garnick quits
Software major Wipro's head of America Sales Rich Garnick has resigned in the second such exit of a senior executive after the company's high-profile Vice-Chairman Vivek Paul left the firm a month ago.

Sensex breaches 7500-mark for first time in history
Riding high on a fresh buying spree, the benchmark today (July 25, 2005) breached the 7500-mark for the first time in the history of the Bombay Stock Exchange (BSE) as Foreign Institutional Investors (FIIs) stepped up their purchases on Indian bourses.

Sensex hits yet another all-time peak today
The Sensex today (July 25, 2005) hit yet another all-time peak at 7478.00 during morning trading on the Stock Exchange, Mumbai (BSE) even as Foreign Institutional Investors (FIIs) pumped in sizeable amount during the last week.

Canara Bank reports its profits at Rs. 186.90 crore
Canara Bank, on Saturday (July 23, 2005) reported its net profit at Rs 186.90 crore for the first quarter ended June 30, 2005, down from Rs 336.44 crore posted during corresponding quarter of last fiscal.

INTERNATIONAL
Oil prices up in Asia in wake of Yuan revaluation
Oil prices were slightly higher in Asian trade today (July 25, 2005) as the market continued to weigh the impact of China's revaluation of the Yuan, dealers said.