NATIONAL Intel to develop community PCs for rural community Chip-maker Intel today (Oct 6, 2005) announced it is developing a 'community PC' to meet the requirements of rural and farming communities in India and expects to launch it by the year end.
Sensex down by 196 pts in line with global trend A virtual meltdown at the Bombay tock Exchange (BSE) today (Oct 6, 2005) ex tumbling by a hopping 196 points to close at 8528.70, as players took yet another opportunity to book profits in line with distinctly bearish global trends.
Government to bring amendments in Income Tax Act In a major relief to exporters, the Government is likely to exempt negative profits from the tax purview by amending the controversial provisions in the Income Tax laws by November.
Jet Airways raises fares on domestic route by 10 pc Country's leading airline Jet Airways has increased its fares on domestic route by ten per cent effective October 14, an airline spokesperson said today (Oct 6, 2005).
Lord Krishna Bank under the fold of Federal Bank Federal Bank Ltd announced the acquisition of Kerala-based Lord Krishna Bank (LKB) in a deal pegged at around Rs 300 crore. The Boards of Federal Bank Ltd and LKB today (Oct 6, 2005) gave their nod to the merger, the second such deal this year among private banks.
Microsense upgrades Pune Airport with Wi-Fi services Microsense Pvt Ltd today (Oct 6, 2005) launched their high-speed wireless internet service at Pune Airport. The newly installed Wi-Fi service allows travellers to have un-tethered, high-speed access to the internet using wireless enabled laptop computers and devices.
Govt to separate OVL from ONGC into an entity Government is mulling hiving off ONGC Videsh Ltd, India's flagship firm for overseas oil asset acquisition, from Oil and Natural Gas Corp (ONGC) into a separate entity to be owned jointly by public sector oil firms.
Sensex down by 143 pts in reaction to global trend Reacting negatively to extremely weak trend in world markets, the Bombay Stock Exchange Benchmark 30-share Index today (Oct 6, 2005) tumbled by 143 points in fairly high volatility at the mid-session on across-the-board selling pressure from investors.
BSE Sensex plunges 163 points in early trading Tracking global trend, the domestic stock markets also witnessed a crash with the Bombay Stock Exchange's sensitive index falling by 163.20 points at 8561.27 today (Oct 06, 2005) in early trading.
INTERNATIONAL McKinsey lays out 8-point reform agenda for India Global consultant McKinsey has come out with an 8-point reform agenda for India in politically difficult areas like labour, privatisation and opening up of retail sector to achieve an higher 8-10 per cent economic growth.
Oil prices fall despite drop in US crude inventory Oil prices fell yesterday (Oct 05, 2005) as cooler demand for gasoline offset a drop in US crude inventories in the wake of supply disruptions caused by Hurricanes Katrina and Rita, analysts said.
