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Home -> Finance -> News

NATIONAL
Birlas raise stake in Idea Cellular to 50.15 pc
Aditya Birla Group today (Sept 28, 2005) raised its stake in Idea Cellular to 50.15 per cent after it bought Cingular Wireless's stake for a consideration of 150 million dollar (about Rs 650 crore).

Sensex scales new peaks in high volatile trade
The Sensex today (Sept 28, 2005) whizzed past 8,600 level for the first time ever and ended at yet another new closing peak at 8606.03 bolstered by a surfeit of liquidity in the system even as the market witnessed a smooth roll over in the Futures in highly volatile trade.

Pervasive Software Inc continue to expand in B'lore
Pervasive Software Inc. (Nasdaq: PVSW), a global value leader in data infrastructure software, today (Sept 28, 2005) announced it is continuing to expand its operations in Bangalore. With the opening of Pervasive's India Development Center, the company reaffirms its commitment to diverse product engineering infrastructure, designed to speed the time required for bringing new products to market. The company presently employs more than 50 people at the development center in Bangalore and is actively hiring a variety of technical personnel.

Sensex firm above 8500 level during morning trade
The Bombay Stock Exchange Benchmark 30-share Index showed stability above 8500 level in bullish trend during morning trading but is likely to turn volatile in the day as investors roll over positions in Futures in the last two sessions of September contract.