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Home -> Finance -> News

NATIONAL
Airtel refuses to join price war; no lower tariff
Bharti Televentures, which offers cellular services under the 'Airtel' brand, today (Aug 8, 2005) refused to join the latest round of price war initiated by competitor Hutch, saying it believed in offering 'quality service'.

Hutch services now in Kannada, Telugu and Tamil
India's leading cellular company, Hutch today (Aug 8, 2005) announced the launch of its service on the voice response platform in three regional languages--Kannada, Telugu and Tamil---for its subscribers in Karnataka.

IA helpline 1407 to offer information to passengers
Indian Airlines (IA) passengers could now dial a single telephone number 1407 to contact IA anywhere in India and seek information on the airlines' departures, arrivals, fares or any other details.

BSE: Sensex tumbles by 148 pts; ends at 7606.17
The stocks market today (Aug 8, 2005) went into a tailspin after heavy profit taking sent the Sensex tumbling by 148 points to end at 7606.17, adjusting to the much-awaited downward correction.

Infosys to expand its centres at 7 places in India
To meet the growing demand for space, Infosys Technologies is expanding its development centres at seven locations across India.

Rupee declines sharply against US$ in early trade
The Rupee declined sharply against the US currency early today (Aug 8, 2005) on renewed dollar demand from oil corporates following a surge in global oil prices to record peaks amid a relatively firm dollar overseas.

Sensex down by 39 points during morning trading
The stocks market showed signs of further slide as the Sensex today (Aug 8, 2005) turned weak after opening on a promising note and was quoted down by 39 points at 10.30 am due to selling pressure from domestic institutional investors and operators.

INTERNATIONAL
Canara Bank opens Representative Office in China
Leading public sector bank Canara Bank today (Aug 8, 2005) opened its Representative Office in China's commercial hub Shanghai with the aim of playing a key role in furthering bilateral trade.

Oil prices scale new records in Asian trading
Oil prices today (Aug 8.2005) rose to new record highs in Asian trading as refinery problems in the United States, the world's biggest crude consumer, continued to stoke supply fears, dealers said.