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Home -> Finance -> News

NATIONAL
Liquidity, fundamentals drive Sensex to new heights
Riding high on strong fundamentals and high liquidity, the Sensex today (Sept 19, 2005) crossed the 8400 level to hit new peaks even as investors awaited an imminent correction amid speculations of sustained FIIs inflows.

UB slaps Rs 15 crore damages notice on K'taka Govt
The United Breweries Group has sought a 'reimbursement' of about Rs 15 crore from Karnataka Government, blaming it for the failure of elevated light rail transit system that was sought to be promoted by a consortium led by it, in taking off.

Kingfisher Airlines pondering on divesting stake
United Breweries is weighing the option between divesting of stake to private investors, and going in for an initial public offering to raise money to fund expansion plans of Kingfisher Airlines, Chairman Vijay Mallya indicated today (Sept 19, 2005).

UBL to invest Rs 100 crore on capacity building
United Breweries Limited planned to invest about Rs 100 crore in establishing new Greenfield brewery plants in Orissa, Rajasthan and Uttar Pradesh, as well as expanding the ones existing in some states, its Chairman Vijay Mallya said today (Sept 19, 2005).

UB Ltd declares 15 per cent interim dividend today
The Board of Directors of United Breweries Limited today (Sept 19, 2005) declared an interim dividend of 15 per cent.

'Integrated agriculture-biz package soon in Cabinet'
A new integrated agriculture-business package which would lay guidelines for both ready to eat food and cook food items besides providing impetus to the processed business on fruits, vegetables, milk, meat and poultry products, would be brought before the Cabinet soon, Food Processing Minister Subodh Kant Sahai said.

MetricStream Inc to automate Nektar Therapeutics
MetricStream Inc., today (Sept 19, 2005) announced that Nektar Therapeutics has selected it to automate its exceptions management and corrective actions processes to enable the latter to scale while sustaining GMP/FDA compliance.

Sensex breaches 8400 level for the first time today
The Bombay Stock Exchange Benchmark 30-share Index (sensex) today (Sept 19, 2005) breached the 8400 mark for the first time and moved irregularly during morning trading on alternate bouts of buying and selling.