NATIONAL FM optimistic of 7-8 pc growth, pitches more funds Optimistic of a 7-8 per cent growth this year after an impressive first quarter, Finance Minister P Chidambaram today (Sept 30, 2005) pitched for further opening of the economy and higher investments in agriculture.
Sensex snaps rally, down despite 8.1 pc GDP growth Despite a 8.1 per cent GDP growth in April-June quarter, the Sensex fell back by 16 points in highly volatile trade today (Sept 30, 2005) while many small-cap stocks hit lower circuit filter due to heavy selling pressure from investors.
Philips to hire 900 professionals in India by 2007 Driven by lower operating costs that's half compared to Europe, the Netherlands-headquartered Royal Philips Electronics is seeking to carry out more research and development work in India, and plans to hire nearly 900 professionals by 2007-end for the Philips Innovation Campus (PIC) here.
Nipuna gets eSCM-SP - Level 4 Certification Nipuna Services Limited, Satyam's Business Process Outsourcing (BPO) arm and one of India's leading BPO service providers, has become the world's first BPO services company to achieve eSCM-SP Capability Level 4 Certification (eSourcing Capability Model for Service Providers).
K'taka to submit project report for passing funds Finance Minister P Chidambaram has asked Karnataka to submit a detailed project report for sanctioning funds for infrastructure development, Minister for Industries and Finance P G R Sindhia said today (Sept 30, 2005).
Inflation rises up marginally to 3.75 percent Inflation rose marginally to 3.75 per cent during week ended September 17 from 3.53 per cent a week ago, mainly due to increase in the prices of minerals,manufactured products and non-food essential items.
Economy logs 8.1 pc growth during first quarter The economy grew by 8.1 per cent during first quarter of this fiscal from 7.6 per cent in the same period of 2004-05, backed by a robust growth in industry and services sectors.
AMP Sanmar acquisition: Reliance Cap gets IRDA nod Anil Ambani-controlled Reliance Capital Ltd (RCL) today (Sept 30, 2005) said it has received Insurance Regulatory and Development Authority's (IRDA) approval for acquisition of Chennai-based life insurance company AMP Sanmar.
Sensex marginally down in early volatile trade The stock market today (Sept 30, 2005) continued to witness volatile trade after a firm start with the activity confined to frontline stocks at early stages as cautious investors made fresh purchases in select key shares while booking profits in some others.
INTERNATIONAL Hindujas to float $1 bn fund, truck unit in Dubai Business house Hindujas have announced to float a one billion US dollars (about Rs 4,400 crore) fund to invest in India, UAE and Qatar and said they are exploring the possibility of setting up a heavy vehicle unit in Dubai.
