NATIONAL Govt considering allowing PIOs to start airlines The Government is examining allowing Persons of Indian Origin (PIOs) to start airline operations from the country, the Lok Sabha was informed today (Aug 11, 2005).
LG to manufacture data storage products in India Korean consumer electronics major LG Electronics plans to manufacture data storage products in India beginning next year, Head of its Indian subsidiary said today (Aug 11, 2005).
Shareholders seek inquiry on control of Birla Corp In another twist to the battle between the Birlas and R S Lodha for the M P Birla group assets, some shareholders today (August 11, 2005) moved an appeal in the Calcutta High Court challenging a Company Law Board order that refused to order an investigation on who controlled the M P Birla group flagship company, Birla Corporation Limited.
VAT panel to meet to discuss implementation issues Empowered Committee of State Finance Ministers will meet on August 24 to discuss post-VAT implementation issues, including uniform floor rate (UFR) of tax on bullion.
BSE: Sensex ends at new peak of 7816.51 points Notching up yet another sharp 86.69 points, the Sensex today (Aug 11, 2005) crossed the 7800 mark for the first time at the close to log a new high of 7816.51 on the stock exchange following heavy FII buying and short-covering by retail operators.
Infy among top scorers in consumer industry report Infosys Technologies was among the top scorers in consulting and information technology service providers to the consumer product industry, according to a risk assessment profile conducted by a research body.
Oil companies may lose due to under recoveries Amid estimates of under recoveries by Oil Marketing Companies (OMCs) like IOC, HPCL and BPCL going up to Rs 40,000 crore this year due to rise in international prices, Government today (Aug 11, 2005) favored passing on some burden to consumers.
Sensex opens firm today, heads towards 7800-mark Discounting concerns over rising crude prices, the sensex today (August 11, 2005) opened remarkably up and later headed towards 7800-level during morning trading on the Stock Exchange, Mumbai (BSE) on fresh buying support from operators on the back of sustained Foreign Institutional Investors (FII) inflows.
INTERNATIONAL Aviva Plc open to M&As in Asia; focus on India World's sixth largest insurer Aviva Plc today (Aug 11, 2005) said it would look for more acquisitions in Asia and continue to focus on countries like India, China, Hong Kong and Singapore for achieving faster business growth.
