NATIONAL Sensex plunges as brokers raided, market monitored The Government and regulators today (Sept 22, 2005) stepped up vigil in the face of volatility in the stock market but the Finance Ministry asserted that there was no need to panic as the price movements were based on fundamentals.
'Karnataka Govt to clear Rs 20,000 crore projects' Private projects with proposed investment of around Rs 20,000 crore would be cleared by Karnataka Government in the first week of next month, Finance and Industries Minister P G R Sindhia said today (Sept 22, 2005).
Avesthagen launches Avesta Good Earth Foods Biotech firm Avesthagen today (Sept 22, 2005) announced the launch of its fully owned subsidiary Avesta Good Earth Foods Pvt Ltd (AGEF), to deliver Health and Wellness Foods in the short-term and Functional Foods as part of its long term strategy.
IIFT to study export potential of K'taka: Sindhia Karnataka Government has drafted New Delhi-based Indian Institute of Foreign Trade (IIFT) to study the export potential of the State, Finance and Industries Minister P G R Sindhia said today (Sept 22, 2005).
Jayalalithaa urged to implement VAT in Tamil Nadu The local chapter of Indian Chamber of Commerce and Industry has appealed to Tamil Nadu Chief Minister, Jayalalithaa to introduce VAT in the State.
Notice to Centre on PIL against ST from customers A Public Interest Litigation (PIL) seeking to prevent the BSNL from collecting the Service Tax (ST) from its customers was today (Sept 22, 2005) admitted by the Madurai Bench of the Madras High Court.
KIOCL identifies alternate mining site in K'taka The public sector Kudremukh Iron Ore Company Limited has identified an alternative mining site in Bellary-Hospet belt in Karnataka where it proposed to invest around Rs 500 crore, company officials said.
Government, regulators step up vigilance on mkt With wide swings in the capital market, the Government and regulators today stepped up vigilance, probing Foreign Institutional Investors (FII) inflows through Mauritius and raiding some stockbrokers in Mumbai and Ahmedabad.
Sensex low by over 260 pts as funds lighten hold The benchmark Sensex today (Sept 22, 2005) plunged by over 260 points, the largest intra-day fall registered since May 17, last year on the Bombay Stock Exchange, as nervous market players and investors continued to reduce their holdings.
BangaloreIT.in: IT companies withdraw boycott Captains of the IT sector agitated over infrastructure woes in Bangalore withdrew their boycott of Karnataka Government's flagship IT event here next month after the state assured them that basic problems in the country's IT hub would be addressed.
BCIC today withdraws boycott of Bangalore IT.in Bangalore Chamber of Industry and Commerce (BCIC) today (Sept 22, 2005) announced that it has withdrawn its boycott of IT.IN. This decision comes in lieu of the assurance of the Karnataka State Government to work towards development and maintenance of Bangalore Infrastructure.
Sensex remains volatile, decreases by 22 points The Bombay Stock Exchange Benchmark 30-share Index today (Sept 22, 2005) fluctuated erratically in a wide range of 97 points during morning trading after a weak start, due largely to fresh selling pressure amid sustained Foreign Institutional Investors (FII) inflows.
INTERNATIONAL Five reasons to say why India is the BPO king American businesses looking to place their technology operations offshore should give strongest consideration to India, Canada, or China, said a report released by outsourcing consulting firm neoIT.
India's budget deficit lowest in eight years: FM Strict fiscal discipline observed by the Centre and the states has forced India's budget deficit to come down to its lowest in eight years, Finance Minister P Chidambaram said today (Sept 22, 2005).
Investment in infrastructure is top priority: FM Inviting foreign investors to take advantage of the 'huge possibilities' that exist in the infrastructure sector, Finance Minister P Chidambaram has said India has drawn up ambitious plans to upgrade all sectors over next several years.
IMF expects about seven percent growth in Asia India and China will expand by about seven per cent this year and next, leading the way as a regional growth engine, the International Monetary Fund (IMF) said today(Sept 22, 2005).
FDI flows in India are well below potential: IMF Interest of Foreign investors in India is growing substantially, yet Foreign Direct Investment (FDI) flows are well below potential, the International Monetary Fund (IMF) has said.
