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Home -> Finance -> News

NATIONAL
Kingfisher to operate services on two new routes
Kingfisher Airlines, the wholly owned subsidiary of United Breweries, today (Sept 13, 2005) announced operation of daily Airbus A320 flights on two new routes, Bangalore-Chennai and Bangalore-Hyderabad from tomorrow (Sept 14, 2005).

Central Bank slashes home loan rate by 50 basis pts
Central Bank of India today (Sept 13, 2005) reduced interest rates on home loans by 50 basis points, ahead of the festival season.

Sensex climbs to a new peak, closes at 8202 points
The Bombay Stock Exchange (sensex) climbed to new peak of 8202.04 points today (Sept 13, 2005), a level never seen before, as aggressive funds continued to purchase index-heavy stocks.

Essel group welcomes tender terms for modernization
A day after the Bharti-Changi consortium dumped plans to participate in the airport modernization programme citing government conditions, Subhash Chandra-promoted Essel group today (Sept 13, 2005) welcomed the terms of the tender and said it would submit its bid tomorrow (Sept 14, 2005).

Accenture to hire 4,200 employees in Chennai
Global management consulting, IT services and outsourcing firm Accenture on Monday (Sep 12, 2005) said India would be one of the key markets in terms of hiring by the company, with its Chennai operations alone expected to grow from the present 800 employees to 5,000 in the coming years.

NAL partnership with Boeing, Pratt & Whitney
National Aerospace Laboratories (NAL) in Bangalore is close to signing an R & D cooperation agreement with Boeing, as also setting up two testing facilities for Pratt & Whitney, its Director A R Upadhya said today (Sept 13, 2005).

PC sees higher form output, aims at 8 pc GDP growth
Expecting farm output to be better this fiscal, Finance Minister P Chidambaram today (Sept 13, 2005) said agriculture has to grow by 3-4 per cent for the economy to sustain a high 8 per cent growth.

Mumbai HC to hear RIL demerger petition on Sept 16
In a bid to render effective the settlement between the Ambani brothers, the Reliance Industries Limited (RIL), headed by elder scion Mukesh, has moved the Bombay High Court seeking its stamp of approval on demerger schemes.

RIL files demerger scheme in Bombay High Court
Moving a step further in effecting the settlement between the Ambani brothers, Reliance Industries, headed by elder sibling Mukesh, has filed the demerger scheme in the Bombay High Court seeking approval.

Sensex touches new high at 8166.95 in early trading
The Bombay Stock Exchange (BSE) benchmark 30-share index (Sensex) today (Sept 13, 2005) continued its rally after early resistance and touched new trading high at 8166.95 during morning trading on the back of sustained purchases by domestic mutual funds.