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Home -> Finance -> News

NATIONAL
China's province sharply wooing B'lore's IT firm
China's Jiangsu Province is aggressively wooing Bangalore's famed IT industry to do some kind of handholding and guide the region having an ambition to make a big mark in the sector.

'No ground for appointing executive to MPB group'
Chartered accountant Rajendra S Lodha, opposing the Birlas' application for appointment of administrator to the Rs 5000 crore worth estate of the M P Birla group, today (Sept 16, 2005) stated before the Calcutta High Court that he had not exerted any pressure on Priyamvada Birla to execute her 1999 'will' in his favor.

Sensex touches new peak in liquidity driven rally
The upbeat mood gathered momentum and the Sensex rallied smartly by 97 points to scale yet another new peaks at 8388.80 on sustained inflows from Foreign Institutional Investors (FIIs) as also private mutual funds amid easing global oil prices.

Inflation ends free fall, fuel prices to push it up
Inflation appears to have ended the downward march as it rose marginally to 3.16 per cent in the week ended September 3, even as the impact of petrol and diesel price rise is yet to be felt on general price level.

India, Russia to set up joint study group for CECA
Giving a significant thrust to their bilateral relationship, India and Russia will set up a Joint Study Group (JSG) to explore the possibilities of a Comprehensive Economic Cooperation Agreement.

Sensex surpasses 8300 mark during morning trading
The Bombay Stock Exchange Benchmark 30-share Index (sensex) today (Sept 16, 2005) surpassed 8300 mark and headed towards the anticipated target of 8400 level during morning trading on the back of sustained flow of investments.