NATIONAL SBI to acquire 76 pc stake in GIRO Commercial Bank State Bank of India (SBI) today (Oct 7, 2005) said that it has executed documents for acquiring 76 per cent of the paid-up capital along with the management control of Kenya-based GIRO Commercial Bank, subject to regulatory approvals.
BSE: Sensex extends losses to third straight day The Sensex extended its losses to third straight day in a roller-coaster ride and fell further by 37 points on the Bombay Stock Exchange (BSE) on hectic buying support alternated by profit booking by operators.
Inflation inches up to 3.97 pc during the weekend Inflation inched up to 3.97 per cent during the week ended September 24 from 3.75 per cent a week ago, mainly due to increase in the prices of industrial fuel and manufactured products even though food items became cheaper.
MRO-TEK Bags the RAD Best Partner Award once again MRO-TEK, a major provider of product-based solutions to access every network, today (Oct 7, 2005) announced that it has been awarded the Best Partner Award for the second consecutive year in the recently concluded partner's meet at Eilat, Israel by their partner RAD Data Communications, Ltd., Israel, a prominent player in the global networking market.
Oil Ministry reprimand on ONGC's M'lore venture The Prime Minister's Office has reprimanded the Petroleum Ministry for adding conditions even after Prime Minister Manmohan Singh approved ONGC's Rs 25,000 crore investment in LNG, power and petrochemicals project at Mangalore and ordered implementation of the project as per the original approval.
BSE Sensex up by 32 points today in early trading The Bombay Stock Exchange Benchmark 30-share Index (Sensex) today (oct 07, 2005) made a strong turnaround after a weak start and was quoted up by 32 points at 10.30 am on fairly good buying support from investors at the weekend.
INTERNATIONAL Oil prices record all time low, rebound in market Oil prices rebounded in Asian trade today (Oct 07, 2005) after falling to their lowest levels in more than two months amid signs of easing demand in the United States,
dealers said.
