NATIONAL HAL planning to outsource work to Indian industries In a major initiative to boost public-private partnership in the aviation sector, Hindustan Aeronautics Limited (HAL) was planning to outsource Rs 600 crore work to Indian industries this year, according to HAL Chairman, Ashok Baweja.
"HAL will support the fundamental concept of public-private partnership and has taken administrative and policy measures to put the concept in place," Baweja said during his address at a two-day conference on 'Public-Private Partnership with HAL' organised here.
Infosys to set up two software centres in China India's second biggest software exporter, Infosys today (Aug 04, 2005) announced it would set up two software development centres in China with a total investment of USD 65 million in the next five years.
IRDA eases norms to speed up claim settlement India's insurance regulator Insurance Regulatory and Development Authority (IRDA) has relaxed certain norms to facilitate speedy settlement of claims, estimated at Rs 1,500 crore, filed by policyholders in rain ravaged Maharashtra and Gujarat, including raising the slab of losses that requires assessment.
Shares of ADA companies bonus for RIL shareholders ADA Enterprises Chairman Anil Ambani today (August 4, 2005) described as 'mega bonus' the distribution of shares of his companies among 23 lakh shareholders of Mukesh-controlled Reliance Industries.
Rupee weakens slightly against US currency in trade The Rupee weakened slightly against the US currency early today (Aug 4, 2005) on light corporate dollar demand in mostly quiet and range-bound trade at the Inter bank Foreign Exchange (Forex) market.
Reliance leads the rally during morning trading Sharp recovery in petro-chemical giant and the top heavyweight, Reliance Industries Limited (RIL), helped the sensex to open on a strong footing above 7800-mark on the Bombay Stock Exchange (BSE) today (August 4, 2005), following sustained buying by foreign funds.
