NATIONAL Sensex down by another 151 pts on sustained sell-off Battered by hedge funds, the Sensex today (Oct 19, 2005) almost hit the bottom at 7922.89 before ending the day at 7971.06, down by 151 points even as domestic mutual funds were engaged in salvage operation in the fag end of session.
SAP releases 28 new versions for midsize ventures SAP AG today (Oct 19, 2005) unveiled new versions of its fixed-scope, pre-defined packages of software and services, targeted at software deployment requirements of midsize enterprises.
DoT execute emergency plan in BSNL despite SC order The Supreme Court's refusal to vacate a stay on implementing the contingency plan not withstanding, the Government today (Oct 19, 2005) issued orders withdrawing over 1,000 Group-A telecom officers from MTNL and BSNL, a move that could affect the services badly.
Tanishq Jewellery launches pre-booking scheme today Tanishq, India's leading Jewellery brand has introduced an innovative festival pre-booking scheme. This allows buyers to book gold jewellery of any value at current price by paying 25 per cent of the value in advance.
Bank accounts of CocaCola attached for tax recovery The Bombay High Court today (Oct 18, 2005) stayed the order of Income Tax authorities attaching bank accounts of Coca-Cola for recovery of outstanding tax dues to the tune of Rs 77 crores for assessment year 2002-2003 and asked the soft drink major to deposit Rs ten crores towards the IT claim by the year end.
'Rly net surplus pegged at Rs 1,900 cr this fiscal' The Railways are expecting a net surplus of Rs 1,900 crore during the current fiscal, an increase of Rs 200 crore over that of last year, according to Minister of State for Railways, R Velu.
Sensex dips below 8000 point level in early trade Continuing with its slide, the Bombay Stock Exchange Sensitive fell by a massive 168 points in early trading to go below the 8000 point level today (Oct 19, 2005) on selling by foreign funds.
Wipro Limited to open near shore unit in Europe IT major Wipro Limited, India's third largest software exporter, on today (Oct 19, 2005) announced that it would open a near shore center in Eastern Europe.
Sensex tumbles by 168 pts during morning trading The Bombay Stock Exchange Benchmark 30-share Index (Sensex) today (Oct 19, 2005) tumbled by 168 points during morning trading on across-the-board selling pressure from investors in reaction to heavy Foreign Institutional Investors (FII) withdrawal in the past few days coupled a sharp depreciation in rupee value.
INTERNATIONAL GAIL plans to expand business in hydrocarbon sector GAIL (India) Limited, which has entered into a tie-up with China Gas Holding Limited, plans to expand its business interests in the hydrocarbon sector in China, India as well as third countries as part of its globalisation drive, company officials said here.
Suzuki, Maruti to expand India's production capacity Suzuki Motor, the world's biggest maker of minicars, will increase production capacity in India with its affiliate Maruti Udyog by one third by 2010 to meet competition from Hyundai Motor and Honda Motor.
OPEC to boost crude output within the next 5 yrs A top Organization of Petroleum Exporting Countries (OPEC) official said today (Oct 19, 2005) OPEC was expected to increase its production capacity by 5.5 million barrels per day within the next five years.
