NATIONAL REL announces Rs 1 bn disaster management plan In the wake of inundation of its facilities during last week's heavy rains in the city, Reliance Energy Ltd (REL) today (Aug 2, 2005) announced a Rs 1 bn disaster management plan to cope with unprecedented natural calamities in future.
'71 cos which came out with IPOs have vanished' The Government today (Aug 2, 2005) said 71 companies, which came out with IPOs during 1993-95 raising a sum of Rs 607.65 crore from the public, have been identified as vanishing companies.
'Oracle to acquire majority stake in i-flex Ltd' Oracle, world's largest enterprise software company, today (Aug 2, 2005) announced that it would buy a majority interest in India's largest software solutions company, i-flex ltd.
BSE: Sensex at new peak; ends at 7762.80 points The benchmark Sensex climbed to new intra-day high of 7762.80 points today (Aug 2, 2005), recording a long seven consecutive winning streak on aggressive buying by funds in second-largest index heavy Reliance Industries and other segment majors.
We give top priority to India: Sun Microsystems US-based Sun Microsystems Inc. has identified India among the four countries for "major investments" in its global Mission Charter for Financial Year 2006, a top company executive in India said today (August 2, 2005).
27 foreign pilots recruited by AI in last 3 yrs Air India has recruited 27 foreign pilots on contract in the last three years due to shortage of qualified pilots on various aircraft types, the Rajya Sabha was informed today (Aug 2, 2005).
Stock markets being monitored: Chidambaram Noting the unprecedented boom in stock markets in the country, Finance Minister P. Chidambaram today (August 2, 2005) assured Rajya Sabha that the movements of the bourses were being closely monitored.
Centre's tax revenue up 25.94%; Rs 52,283 cr in Q1 Centre's tax revenue grew by 25.94 per cent year-on-year at Rs 52,283 crore during the first quarter of this fiscal due to robust growth in corporation tax and customs duty collections.
Govt makes strong case for hiking petrol prices Making a strong case for increasing prices of petrol and diesel, Government today (August 2, 2005) said cash loss of four major oil companies was alarming at a whopping Rs 1516 crore in a single month of July this year due to steep rise of six dollars in global crude oil prices.
Air Deccan ties up with Reliance WebWorld Air Deccan, the country's first low cost airline company, today (August 2, 2005) announced its tie up with Reliance Webworld to enable passengers to book air tickets through the cellular company's nationwide retail chain of 241 real broadband centres across 104 cities in the country.
Sensex crosses 7700-mark during morning trading Riding high on sustained foreign fund inflow, sensex continued its north bound journey at opening session, at the Stock Exchange, Mumbai (BSE) today (August 2, 2005) and Bench-mark once again touched a high of 7713.69 during morning trading.
INTERNATIONAL Google to set shop in Russia; to hire 3000 workers Global Internet giant Google is eyeing Russia's new IT Park in St Petersburg where it may set up operations employing as many as 3,000 workers.
