NATIONAL BSNL to lay submarine cable to SL through Tuticorin Telecom service provider BSNL is in the process of laying a submarine cable between India and Sri Lanka to provide overseas connectivity, BSNL Chairman and
Managing Director A K Sinha said today (Sept 8, 2005).
Sensex at historic peak of 8060 on FII inflows Creating history of sorts, the Bombay Stock Exchange 30-share Index (Sensex) today (Sept 8, 2005) raced past the 8,050 mark to hit a new peak of 8,060 on frenzied all-round buying support with Foreign Institutional Investors (FII) playing pivotal role in a buoyant market, which is poised for further gains.
Reserve Bank of India to release new Rs 50 notes The Reserve Bank of India yesterday (Sept 7, 2005) said it would soon be issuing upgraded Rs 50 denomination banknotes with improved security features, but there would be no change in its size, colour, design or images.
BSNL plans Rs 5 bn investment for broadband Bharat Sanchar Nigam Limited has planned Rs 500 crore investment for infrastructure upgradation, expansion and value addition of its broadband services while intending to lure its dial-up customers to the high-speed Internet surfing experience.
Barclays Capital eyes higher stake in UTI Bank British financial conglomerate Barclays today (Sept 8,2005) said it was open to hike stake in UTI Bank from the present 4.9 per cent when the rules of the land permits it to do so.
Opto Circuits India to acquire 2 US companies Bangalore-based manufacturer of non-invasive healthcare equipment Opto Circuits (India) Ltd is in advanced stage of price negotiations to acquire two US companies in US$ 25 million deals, its Chairman and Managing Director Vinod Ramnani said today (Sept 8, 2005).
Oil bonds to petrol firms not likely before Nov: FM Finance Minister P Chidambaram today (Sept 8, 2005) indicated that the Government would not issue oil bonds worth over Rs 10,000-12,000 crore to petroleum companies before November, as the move required Parliamentary approval.
Two global firms to invest US$ 20 mn in SpiceJet In a major move to mobilise resources, budget carrier SpiceJet today (Sept 8, 2005) announced that Singapore-based MacRitchie Investments and UAE's private
equity firm Istithmar have agreed to jointly invest 20 million US dollars in the equity capital of the company.
TN ITES-2005 policy offers capital subsidy: Jaya Tamil Nadu today (Sept 8, 2005) unveiled its IT Enabled Services (ITES) policy for 2005, giving a slew of incentives such as capital subsidy on investments in new units and cent per cent relaxation of floor space index on IT parks besides encouraging companies to employ women workers.
Sensex crossing 8000 mark not a cause for worry: FM Finance Minister P Chidambaram today (Sept 8, 2005) said the benchmark Bombay Stock Exchange Sensex crossing 8000 level was not a cause for 'worry or concern' but advised investors to take informed decision.
Sensex breaches 8000 level, up by 63 pts today Buoyed by easing global oil prices, the Bombay Stock Exchange's (BSE) benchmark 30-share index (Sensex) today (Sept 8, 2005) breached the 8000 level for the first time during morning trading on the back of sustained FII inflows as well as positive activity by private mutual funds.
INTERNATIONAL Rel, Infosys to be strategic partners of WEF Summit Indian companies Reliance and Infosys, both active players in the Chinese market, are among the global industry majors who have partnered with the World Economic Forum (WEF) to organise the 'China Business Summit 2005' in Beijing.
