NATIONAL No change in interest, keep vigil on prices: FM Finance Minister P Chidambaram today (Aug 19, 2005) said interest rates were expected to remain stable with the fall in inflation to 3.35 per cent, but that would not stop the Government from keeping a vigil on prices of essential items.
Govt seeks $1 bn from WB for 'Bharat Nirman' project The World Bank will be roped in for the ambitious Rs 1,74,000 crore Bharat Nirman programme for developing rural infrastructure, with the Government seeking a one billion US dollar loan from the multi-lateral institution.
Home loan incursion in India low, likely to gain India was among those countries that registered a very low housing loan penetration rate with the outstanding housing loan to the GDP being just three per cent as against 51 per cent in US, 54 per cent in UK and around 10-12 per cent in other Asian countries, according to Keki Mistry, Managing Director, HDFC.
HAL climbed 6 notches ranked 51st in the world The Hindustan Aeronautics Limited (HAL) has climbed six notches up to reach the 51st position in the list of top 100 defence companies in the world, according to the Defence public sector undertaking.
Sensex falls further by 31 points at 7780.76 The Sensex today declined further by 30.57 points to end at 7780.76 on the Stock Exchange, Mumbai, Bombay Stock Exchange (BSE) as a large number of index heavyweights fell sharply due to increased selling towards the fag-end and closed notably weak.
Outcome budget to be presented in Parliament: FM The outcome budget, a document to gauge Government's spendings on various schemes announced in the budget, will be presented in parliament by August 25,Finance Minister P Chidambaram has said.
Govt watching prices despite fall in inflation: FM The Government is closely watching the movement of prices of five essential items steel, cement, sugar, wheat and rice besides that of oil in the global market despite inflation dropping to over a two-year low of 3.35 per cent, Finance Minister P said today (August 19, 2005).
World Bank chief Paul Wolfowitz meets Chidambaram World Bank President Paul Wolfowitz today (August 19,2005) met Finance Minister P Chidambram and discussed the progress of Bank funded projects in India and country's future loan requirements.
Tata Technologies to acquire INCAT International In yet another acquisition overseas, Tata Group is to acquire UK-based engineering and design services company INCAT International Plc in an all cash deal of Rs 411 crore (53.40 million pounds).
Inflation dips to 3.35 pc during week ended Aug 6 Inflation fell to 3.35 per cent in the week ended August 6 from 3.84 per cent a week ago, due to cheaper food items, including vegetables, and furnace oil.
Sensex opened on a good note today, up by 41 points The Sensex today (August 19, 2005) opened better than yesterday and improved further by 41 points during early trading on the Stock Exchange, Mumbai (BSE) on fresh bouts of buying at low level.
